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Technical Analysis
Monday 19th October: Weekly Technical Outlook and Review

GBP/USD, as you can see, recently recoiled from support at 1.2739 (a 2019 yearly opening value), a level blending with trend line resistance-turned support, extended from the high 1.5930. It is worth pointing out the aforementioned trend line was engulfed in late July this year, announcing an uptrend could be on the cards.

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Technical Analysis
Friday 16th October: Technical Outlook and Review

Key risk events today: US Core Retail Sales m/m and Retail […]

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Uncategorized
Thursday 15th October: Technical Outlook and Review

Key risk events today: Australia Jobs Figures; Philly Fed Manufacturing Index; […]

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Technical Analysis
Wednesday 14th October: Technical Outlook and Review

The US dollar rebounded sharply Tuesday, guiding EUR/USD into a bearish environment. Technical price action on the H4 lost grip north of 1.18, and subsequently overthrew August’s opening value at 1.1771 and a trend line support, extended from the low 1.1684.

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Technical Analysis
Tuesday 13th October: Technical Outlook and Review

Key risk events today: UK Employment Data; US CPI m/m. (Previous […]

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Technical Analysis
Monday 12th October: Weekly Technical Outlook and Review

Stirred by the US dollar index receding to levels not seen since September 21 (in danger of potentially losing 93.00 status), Europe’s shared currency outperformed over the course of last week.

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Recent
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.

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Technical Analysis
Friday 9th October: Technical Outlook and Review

A day after FOMC and the VP Presidential debate, financial markets echoed a subdued tone Thursday. The Australian dollar chalked up modest gains against the US dollar, following an early retest at August’s opening value from 0.7128 on the H4 timeframe. Upside momentum, though, as you can see, slowed as price crossed swords with October’s opening value at 0.7169.

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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