Monday 27th November: Weekly technical outlook and review.

IC Markets No Comments

Monday 27th November: Weekly technical outlook and review. Waiting for lower timeframe confirmation is our main tool to confirm strength within higher timeframe zones, and has really been the key to our trading success. It takes a little time to understand the subtle nuances, however, as each trade is never the same, but once you master … Continue reading Monday 27th November: Weekly technical outlook and review.

Monday 16th March: Weekly technical outlook and review.

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EUR/USD: Weekly Timeframe: Last week shows that the Euro depreciated for the third consecutive week losing over 340 pips into the close (1.0487). This move completely wiped out the weekly demand area seen coming in at 1.0499-1.0740, and at the same time,  likely opened the doors to further downside towards 1.0411 – a long-term weekly … Continue reading Monday 16th March: Weekly technical outlook and review.

Monday 9th March: Weekly technical outlook and review.

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EUR/USD: Weekly Timeframe: Last week saw the market print a whopping full-bodied bearish candle stretching a little over 340 pips from open (1.1180) to close 1.0837). This king-size whopper managed to take out a weekly Quasimodo support level at 1.1109, and drive deep into a weekly demand area coming in at 1.0760-1.0988. A break below … Continue reading Monday 9th March: Weekly technical outlook and review.