Thursday 24th June 2021: Technical Outlook and Review
On the weekly timeframe, pulled back lower and is testing key trendline pullback support at 1764. On the daily, price tested and reacted above 1764 weekly support.
Wednesday 23rd June 2021: Markets begin to stabilize from aftereffects of Fed’s comments
Asian stock markets are trading mostly higher on Wednesday, following the broadly positive cues overnight from Wall Street on easing concerns over the outlook for interest rates.
Wednesday 23rd June 2021: Technical Outlook and Review
On the weekly timeframe, pulled back lower and is testing key trendline pullback support at 1764. On the daily, price tested and reacted above 1764 weekly support.
Tuesday 22nd June 2021: Technical Outlook and Review
On the weekly timeframe, pulled back lower and is testing key trendline pullback support at 1764. On the daily, price tested and reacted above 1764 weekly support.
Monday 21th June 2021: Technical Outlook and Review
On the weekly timeframe, pulled back lower and is testing key trendline pullback support at 1764. On the daily, price pulled back lower, and is testing 1764 weekly support.
Friday 18 June 2021: Markets mixed as investors evaluate Fedspeak
The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 92.009 following a recent climb from below 91.
Friday 18 June 2021: Technical Outlook and Review
Looking at the weekly chart, we can see that prices have pulled back and found support at 1.39345, in-line with 23.6% Fibonacci retracement and ascending trendline support.
Thursday 17th June 2021: Fed talks of tapering in 2023; Markets shook
The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 91.438 as compared with levels below 90.5 seen earlier this week.
Thursday 17th June 2021: Technical Outlook and Review
On the weekly timeframe, prices are facing bullish pressure and could still see further upside, with 1965 as the weekly resistance target. On the daily, price pulled back lower, and is testing 1815 support, in line with the descending trendline resistance-turned-support.
