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Technical Analysis
Thursday 8th October: Technical Outlook and Review

Bolstered on the back of underlying support from a weaker buck amid an improvement in risk sentiment, Europe’s shared currency defended October’s opening value at 1.1730 on the H4 timeframe Wednesday and drove price into August’s opening value at 1.1771.

By IC Markets Global

Technical Analysis
Wednesday 7th October: Technical Outlook and Review

Pound sterling took a step back on Tuesday after shaking hands with the key figure 1.30, consequently delivering H4 candles to October’s opening value at 1.2925. Additional resistance was, as noted in recent analysis, seen around 1.30: H4 resistance at 1.3009 and daily resistance at 1.3017 (red).

By IC Markets Global

Technical Analysis
Tuesday 6th October: Technical Outlook and Review

Europe’s single currency kicked off the week in fine form against a broadly softer US counterpart, largely backed on a revival of risk appetite. Technically, H4 confronted trend line resistance, extended from the high 1.1900, after climbing August’s opening value at 1.1771

By IC Markets Global

Technical Analysis
Monday 5th October: Weekly Technical Outlook and Review

Bullion is seen attempting to regain some status above support at $1,882, despite leaving behind channel resistance-turned support, etched from the high $1,703. If buyers maintain a dominant position north of $1,882 this week, are traders likely to seek all-time peaks at $2,075?

By IC Markets Global

Technical Analysis
Friday 25th September: Technical Outlook and Review

On the weekly timeframe, we have the gold price currently testing support at the 1882.7 price level. This can be seen as a healthy pullback as gold has been pushing higher since May 2019 and even broke out of its ascending channel to the upside.

By IC Markets Global

Recent
Australian Daylight Savings: Updated Trading Schedule 2020

Dear Trader, Please find our updated Trading schedule as Australia will Start Daylight Savings Time on Sunday, 4th October, 2020. While trading for most products will remain unaffected,  there will be a change in the trading hours of some products.

By IC Markets Global

Technical Analysis
Wednesday 30th September: Technical Outlook and Review

The US dollar index, or DXY, continued to deteriorate south of daily resistance at 94.65 Tuesday, consequently providing fresh impetus for EUR/USD bulls to take on the 1.17 handle and H4 resistance coming in at 1.1723.

By IC Markets Global

Technical Analysis
Tuesday 29th September: Technical Outlook and Review

After shaking hands with daily resistance at 94.65 on the US dollar index Friday, DXY price pulled back Monday and provided EUR/USD some fresh bullish legs ahead of the 1.16 handle to test Quasimodo resistance on the H4 timeframe at 1.1679.

By IC Markets Global

Technical Analysis
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.

By IC Markets Global