Wednesday 8th July: Technical Outlook and Review
EUR/USD, based on the H4, swung beneath 1.13 to lows at 1.1258, though corrected back to 1.13 and held into the European close. South of 1.13, traders’ crosshairs will likely be fixed on July’s opening level at 1.1235, with a break likely to see price hone in on 1.12.
Tuesday 7th July: Technical Outlook and Review
GBP/USD bulls went on the offensive last week and pencilled in healthy upside. With respect to structure on the weekly timeframe, support resides at 1.2163, a Quasimodo formation
Monday 6th July: Weekly Technical Outlook and Review
The aftermath of Thursday’s upbeat US employment data and declining unemployment rate witnessed the DXY hook a firm bid. This, following a retest at the underside of 1.13 (sited beneath Quasimodo resistance at 1.1340), directed EUR/USD lower, settling around July’s opening level at 1.1235.
Friday 3rd July: Technical Outlook and Review – US Banks Closed in Observance of Independence Day
The aftermath of yesterday’s upbeat US employment data and declining unemployment rate witnessed the DXY hook a firm bid. This, following a retest at the underside of 1.13 on the H4, directed EUR/USD lower, settling 30 pips shy of 1.12 heading into the European close.
Thursday 2nd July: Technical Outlook and Review
The British pound continued to add to gains against the US dollar Wednesday, latching onto a strong grip following the break of the 1.24 handle on the H4 and June’s opening level at 1.2345, as well as trend line resistance, taken from the high 1.2813.
Wednesday 1st July: Technical Outlook and Review
It was a one-sided market as GBP/USD overthrew the 1.23 handle and June’s opening level at 1.2345, structure based on the H4 timeframe. This led to a near-test of 1.24, a level merging with April’s opening level at 1.2395 and two trend line resistances (1.2075/1.2813).
Hong Kong SAR Establishment Day & US Independence Day holiday Trading schedule
Please find our Updated trading schedule for Hong Kong SAR Establishment Day and US Independence Day Holiday starting Tuesday, 30th July 2020 below.
Tuesday 30th June: Technical Outlook and Review
The euro ended a shade higher against the buck going into the European close Monday, after EUR/USD retreated south of 1.13 amid a healthy DXY bid. In the second half of last week, downside attempts were contained at 1.12 on the H4.
Hong Kong Special Administrative Region Day Holiday Schedule 2020
Dear Trader, Please find our updated trading schedule for the Special Administrative Region Day Holiday in Hong Kong on Monday July 1st, 2020.
