ICMarket

Recent

Technical Analysis
Monday 30th November: Weekly Technical Outlook and Review

Buyers, as you can see, extended recovery gains north of support at 1.1621 over the course of last week, focused on shaking hands with the 2018 yearly opening value at 1.2004, closely shadowed by Quasimodo resistance priced at 1.2092.

By IC Markets Global

Technical Analysis
Friday 27th November: Technical Outlook and Review

USD/CAD action enters Friday a touch higher, moderately balancing off the key figure 1.30 on the H4 timeframe. WTI is seen fading nine-month highs (mildly weighing on the Canadian dollar and propping up USD) while the DXY, or US dollar index, posted modest gains off monthly lows.

By IC Markets Global

Technical Analysis
Thursday 26th November: Technical Outlook and Review

Largely overlooking the lack of Brexit developments and UK Chancellor Sunak’s spending review, GBP/USD buyers went on the offensive Wednesday. Technically, H4 remains supported above the 1.33 point, recording a fourth consecutive daily advance.

By IC Markets Global

Technical Analysis
Wednesday 25th November: Technical Outlook and Review

Europe’s single currency posted modest gains against the US dollar Tuesday, with H4 candles now seen touring just south of 1.19 and Quasimodo resistance at 1.1895. The scenery north of 1.19 reveals room to approach September’s opening value at 1.1937

By IC Markets Global

Technical Analysis
Tuesday 24th November: Technical Outlook and Review

Sellers, as evident from the H4, failed to find acceptance beneath the 104 handle on Monday amidst stronger-than-anticipated US PMI figures. This led to price forcefully moving into November’s opening value at 104.50, piercing the level to register session peaks at 104.63.

By IC Markets Global

Technical Analysis
Monday 23rd November: Weekly Technical Outlook and Review

Although cable presented indecisive posture Friday, the pair, overall, remains underpinned as EU and UK officials echo an optimistic tone surrounding a possible Brexit deal. Friday’s narrow range kept price shelved sub 1.33, with neither side willing to commit.

By IC Markets Global

Technical Analysis
Friday 20th November: Technical Outlook and Review

Europe’s shared currency finished Thursday significantly off session lows at 1.1816, consequently moulding a daily hammer candlestick signal. Technical direction on the weekly timeframe remains to the upside, following healthy demand off support at 1.1621 early November.

By IC Markets Global

Technical Analysis
Thursday 19th November: Technical Outlook and Review

Overall, it was a somewhat muted session Wednesday, ranging between 1.1891/1.1850, despite the DXY elbowing in the direction of daily Quasimodo support coming in at 92.15.

By IC Markets Global

Technical Analysis
Monday 16th November: Weekly Technical Outlook and Review

EUR/USD, as evident from the chart, held on to the 1.18 handle Friday as the DXY failed to grip 93.00. Moderately rebounding from 1.18 in the form of support, the pair finished the week pouncing on local highs around the 1.1833ish area. Clearance of 1.1833 early this week shines the spotlight on the 1.19 handle, followed by a possible assault on September’s opening value from 1.1937.

By IC Markets Global

Latest

Ex Dividends Indices
Ex-Dividend 15/11/2024

By IC Markets Global

Technical Analysis
Thursday 14th November 2024: Technical Outlook and Review

By IC Markets Global