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Technical Analysis
Friday 24th July: Technical Outlook and Review

Snapping a four-day bullish phase, AUD/USD extended Wednesday’s slide from fresh multi-year peaks at 0.7183 on Thursday, settling around the 0.71 handle and converging H4 channel resistance-turned support, taken from the high 0.6997.

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Technical Analysis
Thursday 23rd July: Technical Outlook and Review

Increased demand for Europe’s shared currency took hold Wednesday as the US dollar index tumbled through its 95.00 handle. ECB's Lagarde expressed satisfaction concerning the recent EU fund agreement, as EUR/USD recorded its fourth consecutive daily gain.

By IC Markets

Technical Analysis
Wednesday 22nd July: Technical Outlook and Review

Europe’s single currency, as you can see, strongly rose against a sinking dollar Tuesday. The EU striking a deal for a huge stimulus plan and upbeat risk sentiment led EUR/USD to highs above 1.15.

By IC Markets

Technical Analysis
Tuesday 21st July: Technical Outlook and Review

From the weekly timeframe, EUR/USD recently marched through long-term trend line resistance, extended from the high 1.2555, and shook hands with the 2019 yearly opening level at 1.1445. The latter is currently displaying potential as resistance. With respect to the overall trend, the pair remains southbound until breaking the 1.1495 March 9 high.

By IC Markets

Technical Analysis
Monday 20th July: Weekly Technical Outlook and Review

GBP/USD has been tracking lower after a reversal off our Quasimodo resistance at 1.2653 on the H4 timeframe. From the weekly timeframe, following two consecutive weeks of gains, we can see the unit has price located within touching distance of considerable resistance, made up of a 61.8% Fibonacci retracement ratio at 1.2718 and the 2019 yearly opening level at 1.2739.

By IC Markets

Technical Analysis
Friday 17th July: Technical Outlook and Review

GBP/USD has been tracking lower after a reversal off our Quasimodo resistance at 1.2653 on the H4 timeframe. From the weekly timeframe, following two consecutive weeks of gains, we can see the unit has price located within touching distance of considerable resistance, made up of a 61.8% Fibonacci retracement ratio at 1.2718 and the 2019 yearly opening level at 1.2739.

By IC Markets

Technical Analysis
Thursday 16th July: Technical Outlook and Review

EUR/USD peaked heading into US hours Wednesday after the US dollar index regained some composure and recouped a large portion of earlier losses. A mild deterioration in risk sentiment elevated the dollar back to around the 96.00 handle, albeit tentatively.

By IC Markets

Technical Analysis
Wednesday 15th July: Technical Outlook and Review

Key risk events today: BoJ Outlook Report, Monetary Policy Statement and […]

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Technical Analysis
Tuesday 14th July: Greenback Modestly Recovers Ahead of US Inflation Data

The British pound concluded a shade lower against the greenback Monday, fading H4 Quasimodo resistance at 1.2653. Downside had the unit breach channel support, taken from the low 1.2257 (and retest the underside of the latter as resistance), and compete with orders at 1.26 as well as May’s opening level at 1.2583.

By IC Markets