Tuesday 5th January: Technical Outlook and Review
EUR/USD defended 1.23 on the H4, guiding candle action beneath 1.2250 and shining the spotlight on trend line support, taken from the low 1.1602. Also close by are the 38.2% and 61.8% Fibonacci retracement ratios at 1.2213 and 1.2198, respectively, as well as the 1.22 figure.
Monday 4th January: Weekly Technical Outlook and Review
A bout of profit taking and lack of bids witnessed EUR/USD snap a three-day bullish phase off 1.23 Thursday, consequently swinging the pendulum in favour of retesting the 1.22 figure and converging trend line support, taken from the low 1.1602. Also
Tuesday 22nd December: Technical Outlook and Review
Weekly resistance at 1.3503 (the 2018 yearly opening value) making a stand over the past couple of weeks may eventually force price action to lower levels. Weekly support at 1.3250 (the 2020 yearly opening value) made an appearance on Monday.
Monday 21st December: Technical Outlook and Review
Price action on the weekly timeframe, as highlighted in recent technical briefings, also reveals further selling could be on the cards this week. Recent weeks witnessed price elbow through the 2020 yearly opening value at 1.2975 and Quasimodo support coming in at 1.2887. With both 1.2975 and 1.2887 depicting resistance, sustained downside places the 2018 yearly opening value at 1.2579 in the firing line. Also important to note is that long-term flow has been pointing lower since topping in March.
Friday 18th December: Technical Outlook and Review
USD weakness, fuelled by Thursday’s risk-on environment and Fed Chair Powell’s dovish tone in the post-meeting press conference on Wednesday, led EUR/USD to fresh multi-year pinnacles.
Thursday 17th December: Technical Outlook and Review
Key risk events today: MPC Official Bank Rate Votes, BoE Monetary […]
Holiday Trading Schedule Dec 2020– Jan 2021
Dear Traders, Please find our updated trading schedule for the Christmas, Boxing Day and New Year's Day holidays below. All times mentioned in GMT +2.
South Africa Day of Reconciliation Holiday Trading Schedule – 2020
Dear Trader, Please find our updated trading schedule for the South Africa Day of Reconciliation on Wednesday December 16th, 2020.
Columbus Day & Canadian Thanksgiving Holiday Trading Schedule 2020
Dear Trader, Please find our updated trading schedule for the Columbus Day & Canadian Thanksgiving Holiday on Monday October 12th, 2020.
