Tuesday 28th April: DXY Starts the Week Lower Consequently Retesting 100.00
The pair marched higher in early European hours, though failed to sustain gains north of 1.0860 heading into US trade, resulting in price retreating to a H4 channel resistance-turned support, taken from the high 1.0990, sited just ahead of 1.08.
Monday 27th April: Weekly Technical Outlook and Review
After a dominant showing off 1.2647 the week prior, shaped as a shooting star candlestick pattern, last week’s movement slipped to lows at 1.2247, led by an overall stronger dollar. GBP/USD now has eyes for support at 1.2200.
Friday 24th April: Technical Outlook and Review
Key risk events today: UK Retail Sales m/m; German IFO Business […]
Thursday 23rd April: Dollar Higher Ahead of US Unemployment Data
Key risk events today: Eurozone Flash Manufacturing/Services PMIs; UK Flash Manufacturing/Services […]
Wednesday 22nd April: The US Dollar Index Crosses 100.00 Signalling $ Strength
Key risk events today: UK Inflation; Canada Inflation. (Previous analysis as […]
Tuesday 21st April: Technical Outlook and Review
Key risk events today: RBA Monetary Policy Meeting Minutes; RBA Gov […]
Monday 20th April: Weekly Technical Outlook and Review
Price action, based on the weekly chart, remains linked with its 2016 yearly opening level at 1.0873. Skies above are reasonably blue; a run to the 2020 yearly opening level at 1.1222, shadowed by a Quasimodo resistance at 1.1239 is not out of the question.
Friday 17th April: Technical Outlook and Review.
Key risk events today: China GDP y/y; China Fixed Asset Investment […]
Thursday 16th April: All Eyes on US Unemployment Claims
Key risk events today: Australia Job’s Data; BoE Credit Conditions Survey; […]
