Monday 28th September: Weekly Technical Outlook and Review
Sterling finished the week down nearly 180 points, erasing prior gains and shaking hands with support at 1.2739, a 2019 yearly opening value. Technicians will acknowledge the level also merges with trend line resistance-turned support, extended from the high 1.5930.
National Day of the People’s Republic of China – 2020
Dear Trader, Please find our updated trading schedule for the National Day of the People's Republic of China on Thursday October 01st , 2020.
Friday 25th September: Technical Outlook and Review
Despite mildly surpassing H4 support at 1.1652, a level closely joined by AB=CD structure (black arrows) at 1.1660 and 1.618 BC projection at 1.1649, EUR/USD bulls went on the offensive Thursday.
Thursday 24th September: Technical Outlook and Review
The euro held the bulk of its losses against the greenback Wednesday, recording a fourth consecutive daily decline. H4 relinquished the 1.17 handle in wake of feeble sub-50 Eurozone services PMIs and the DXY crossing above 94.00. Support at 1.1652 on the H4 timeframe is next on tap should further selling develop.
South Africa Heritage Day Trading Schedule 2020
Dear Trader, Please find our updated trading schedule for the South Africa Heritage Day on Thursday September 24th, 2020.
Monday 21st September: Weekly Technical Outlook and Review
Europe’s single currency entered an indecisive phase Friday, following Thursday’s move higher, which as we know finished in the shape of a daily hammer candlestick formation.
Friday 18th September: Technical Outlook and Review
Europe’s single currency slipped through several key H4 technical supports Thursday, missing weekly support at 1.1733 by a hair before recoiling back to unchanged levels. H4, as of current price, trades north of 1.18, with technical eyes perhaps directed towards trend line resistance, extended from the high 1.2010.
Thursday 17th September: Technical Outlook and Review
GBP/USD finally mustered enough oomph to overthrow 1.29 on the H4, taking on resistance at 1.2944 (now serving support) and shaking hands with the key figure 1.30. UK CPI data exhibited an upbeat tone, though the obvious catalyst behind the pound’s recent strength was USD softness.
Wednesday 16th September: Technical Outlook and Review
As the DXY closes out Tuesday off worst levels (92.79), EUR/USD on the H4 spun lower from the 1.19 handle in reasonably strong fashion. Above 1.19, September’s opening value is seen at 1.1937; to the downside 1.18 invites an approach. Beyond 1.18, Quasimodo support at 1.1781 is visible, followed by August’s opening level at 1.1771.
