Monday 25th January: Weekly Technical Outlook and Review
Supply at 1.2420-1.2214 remains in focus. This, as you can probably see, is an area boasting healthy downside momentum out of its base. The 2018 yearly opening value at 1.2004 is in the crosshairs as potential support, should sellers make an appearance this week.
Friday 22nd January: Technical Outlook
The round number 1.21 and trend line support combination (taken from the high 1.2344) persuaded a short-term bullish scenario on Thursday, elevating EUR/USD to 1.2150 resistance.
Australia Day Trading Schedule – 2021
Dear Trader, Please find our updated trading schedule for the Australia day Holiday on Tuesday January 26th, 2021. All times mentioned below are Platform time (GMT +2)
Thursday 21st January: Technical Outlook
Price action on the daily timeframe, despite recently establishing a bullish pivot reversal formation (green arrow), formed a clear-cut shooting star pattern on Wednesday—a bearish signal. Levels to be conscious of on the daily chart are trend line support, taken from the low 1409, and resistance at 1.3763.
Wednesday 20th January: Technical Outlook
Canada Inflation (CPI m/m); BoC Monetary Policy Report, Rate Statement, Overnight Rate and Press Conference; US Presidential Inauguration Day.
Tuesday 19th January: Technical Outlook and Review
Despite marginally trimming losses going into the early hours of London on Monday, AUD/USD remains on the backfoot south of the 0.77 figure and January’s opening value taken from 0.7701.
Monday 18th January: Weekly Technical Outlook and Review
Friday was mostly a one-sided market, accelerating through 1.2150 and 1.21 bids. Demand (green) at 1.2040-1.2064 and connecting 38.2% Fibonacci retracement ratio at 1.2062 (green line), therefore, are within touching distance this week.
Martin Luther King Day Trading Schedule – 2021
Dear Trader, Please note that in observance of the upcoming Martin Luther King Day on Monday 18th January 2021, there will be temporary changes to IC Markets’ trading schedule.
Friday 15th January: Technical Outlook and Review
Europe’s single currency concluded European trading off worst levels against the US dollar Thursday, following a spike to lows at 1.2111. To the upside (H4), possible resistance could shape at 1.22, bolstered by a collection of Fibonacci retracement levels and a Quasimodo resistance left shoulder (green arrow).
