Monday 2nd November: Weekly Technical Outlook and Review Heading into The US Elections
Europe’s single currency subsided nearly 2% against a broadly stronger US dollar last week, side-lining hopes of reaching the 2018 yearly opening value at 1.2004. In the shape of a near-full-bodied bearish candle, price dramatically engulfed previous gains and closed within striking distance of support at 1.1621.
Friday 30th October: Technical Outlook and Review
Europe’s shared currency, fuelled on surging COVID-19 cases as well as a downbeat evaluation of the Eurozone economic outlook from President Lagarde, extended losses against a broadly stronger buck on Thursday.
US Daylight Savings : Updated Trading Schedule 2020
Dear Trader, US will end Daylight Savings Time on Sunday, 01st November, 2020 , as a result IC Markets server (MT4/MT5/cTrader) time will be affected .
Thursday 29th October: Technical Outlook and Review
Risk aversion dominated market movement in recent trading, despite the safe-haven buck trading off best levels. EUR/USD sailed through the 1.18 level on the H4 timeframe, with enough force to take on August’s opening value at 1.1771 and test October’s opening value from 1.1730.
Wednesday 28th October: Technical Outlook and Review
Weighed by broad USD softness and US Treasury yields connecting with weekly lows, USD/JPY extended Monday’s 105 test on Tuesday, and consequently saw price cross swords with a familiar H4 Fibonacci support zone (161.8% Fibonacci projection point at 104.37 and 78.6% Fibonacci retracement ratio at 104.45).
Tuesday 27th October: Technical Outlook and Review
Key risk events today: US Core Durable Goods Orders m/m and […]
Monday 26th October: Weekly Technical Outlook and Review
Since unseating trend line resistance (mid-July), taken from the high 1.2555, EUR/USD has mostly outlined an upside bias. Buyers, however, as you can see, reduced speed after shaking hands with the 2018 yearly opening value at 1.2004 late August, enough to force a 1.1621 support retest (clearly interpreted by many as a dip-buying signal).
European Daylight Savings : Updated Trading Schedule 2020
Dear Trader, Please find our updated Trading schedule as Europe will start Daylight Savings Time on Sunday, 25th October, 2020.
Friday 23rd October: Technical Outlook and Review
Amidst a moderate upturn in the US dollar index, snapping a four-day bearish phase, EUR/USD twisted lower Thursday and left H4 Quasimodo resistance at 1.1888 unchallenged (sited close by the 1.19 handle, along with an AB=CD correction point at 1.1905 [red arrows] and a 1.618 BC projection plotted at 1.1919).
