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Technical Analysis
Friday 10th July: Technical Outlook and Review

EUR/USD, based on the H4 timeframe, chalked up a two-candle fakeout through Quasimodo resistance at 1.1340, reaching highs at 1.1370, and headed marginally south of 1.13 into the European close.

By IC Markets

Technical Analysis
Thursday 9th July: Technical Outlook and Review

Recording its fourth consecutive daily gain Wednesday, GBP/USD attracted fresh buying as the DXY dipped a toe in waters south of 96.50. May’s opening level at 1.2583 and the 1.26 handle caved under pressure on the H4 timeframe, potentially setting the stage for an approach to Quasimodo resistance at 1.2653 and, with a little enthusiasm, the 1.27 handle.

By IC Markets

Technical Analysis
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.

By IC Markets

Technical Analysis
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

By IC Markets

Technical Analysis
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.

By IC Markets

Technical Analysis
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.

By IC Markets

Recent
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.

By IC Markets

Technical Analysis
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.

By IC Markets

Recent
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.

By IC Markets