Technical Analysis

November 27th 2020: Holiday-Thinned Trading Leaves DXY Moderately off Monthly Lows
- November 26, 2020
EUR/USD: Monthly timeframe: (Technical change on this timeframe is often limited though serves as guidance to potential longer-term moves) Following the break of long-term trendline resistance (1.6038) in July, buyers and sellers have since gone toe-to-toe around the upper section of supply from 1.1857/1.1352. Though this argues additional upside may be on the horizon, targeting
READ MORE
November 26th 2020: Dollar Bulls on the Backfoot Ahead of Thanksgiving
- November 26, 2020
EUR/USD: Monthly timeframe: (Technical change on this timeframe is often limited though serves as guidance to potential longer-term moves) Following the break of long-term trendline resistance (1.6038) in July, buyers and sellers have since gone toe-to-toe around the upper section of supply from 1.1857/1.1352. Though this argues additional upside may be on the horizon, targeting
READ MORE
November 25th 2020: Upbeat Risk Sentiment Weighs on Greenback; DXY Below Daily Support at 92.26
- November 24, 2020
EUR/USD: Monthly timeframe: (Technical change on this timeframe is often limited though serves as guidance to potential longer-term moves) Following the break of long-term trendline resistance (1.6038) in July, buyers and sellers have since gone toe-to-toe around the upper section of supply from 1.1857/1.1352. Though this argues additional upside may be on the horizon, targeting
READ MORE
November 24th 2020: DXY Balancing off Daily Support at 92.26 on Upbeat PMIs
- November 24, 2020
EUR/USD: Monthly timeframe: (Technical change on this timeframe is often limited though serves as guidance to potential longer-term moves) Following the break of long-term trendline resistance (1.6038) in July, buyers and sellers have since gone toe-to-toe around the upper section of supply from 1.1857/1.1352. Though this argues additional upside may be on the horizon, targeting
READ MORE
Black and White Technical Report: The Week Beginning 23/11/2020
- November 22, 2020
XJO WEEKLY: Last week’s low saw the retest of the 6890 completed, with a high close in the range.
READ MORE
Weekly Technical Market Insight: 23rd – 27th November 2020
- November 22, 2020
US Dollar Index: Buyers and sellers, as you can see, spent the best part of the week squaring off around daily support at 92.26, an active level since May 2018. The feeble recovery off this level earlier in the month, braced by daily channel support (0.9247), signals a lack of commitment from buyers. Although suggesting
READ MORE
November 20th 2020: Bids Fragile at DXY Support from 92.26
- November 19, 2020
EUR/USD: Monthly timeframe: (Technical change on this timeframe is often limited though serves as guidance to potential longer-term moves) Following the break of long-term trendline resistance (1.6038) in July, buyers and sellers have since squared off around the upper section of supply from 1.1857/1.1352. Though this argues additional upside may be on the horizon, targeting
READ MORE
November 19th 2020: DXY off Lows at Daily Support from 92.26
- November 18, 2020
EUR/USD: Monthly timeframe: (Technical change on this timeframe is often limited though serves as guidance to potential longer-term moves) Following the break of long-term trendline resistance (1.6038) in July, buyers and sellers have since squared off around the upper section of supply from 1.1857/1.1352. Though this argues additional upside may be on the horizon, targeting
READ MORE
November 18th 2020: Fourth Consecutive Bearish Close for DXY Underlines Daily support at 92.26
- November 17, 2020
EUR/USD: Monthly timeframe: (Technical change on this timeframe is often limited though serves as guidance to potential longer-term moves) Following the break of long-term trendline resistance (1.6038) in July, buyers and sellers have since squared off around the upper section of supply from 1.1857/1.1352. Though this argues additional upside may be on the horizon, targeting
READ MORE
November 17th 2020: Dollar Unchanged Despite Improved Risk Appetite on Moderna Vaccine Hopes
- November 16, 2020
EUR/USD: Monthly timeframe: (Technical change on this timeframe is often limited though serves as guidance to potential longer-term moves) Following the break of long-term trendline resistance (1.6038) in July, buyers and sellers have since squared off around the upper section of supply from 1.1857/1.1352. Though this argues additional upside may be on the horizon, targeting
READ MORE
Black and White Technical Report: The Week Beginning 16/11/2020
- November 15, 2020
XJO WEEKLY: Last week’s low saw the retest of the 6890 completed, with a high close in the range.
READ MORE
Weekly Technical Market Insight: 16th – 20th November 2020
- November 15, 2020
US Dollar Index: Dollar bulls, according to the US dollar index (DXY), mounted a modest comeback over the course of last week and added 0.6 percent. Although reclaiming a portion of the previous week’s 2 percent slump, the broader picture reveals November remains on the backfoot, down by 1.4 percent. Daily support at 92.26, as
READ MORE