Monday 21th June 2021: Technical Outlook and Review
On the weekly timeframe, pulled back lower and is testing key trendline pullback support at 1764. On the daily, price pulled back lower, and is testing 1764 weekly support.
Friday 18 June 2021: Markets mixed as investors evaluate Fedspeak
The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 92.009 following a recent climb from below 91.
Friday 18 June 2021: Technical Outlook and Review
Looking at the weekly chart, we can see that prices have pulled back and found support at 1.39345, in-line with 23.6% Fibonacci retracement and ascending trendline support.
Thursday 17th June 2021: Fed talks of tapering in 2023; Markets shook
The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 91.438 as compared with levels below 90.5 seen earlier this week.
Thursday 17th June 2021: Technical Outlook and Review
On the weekly timeframe, prices are facing bullish pressure and could still see further upside, with 1965 as the weekly resistance target. On the daily, price pulled back lower, and is testing 1815 support, in line with the descending trendline resistance-turned-support.
Wednesday 16th June 2021: Technical Outlook and Review
On the weekly timeframe, prices are facing bullish pressure and could still see further upside, with 1965 as the weekly resistance target. On the daily, price pulled back lower, and is testing 1850 support.
Tuesday 15th June 2021: Technical Outlook and Review
Looking at the weekly chart, we can see that prices have pulled back and there could potentially be further bearish pressure to our 20 EMA at 1.20600.
Monday 14th June 2021: Technical Outlook and Review
On the H4 timeframe, prices are trending in the descending channel making lower highs and lower lows. There could potentially be further bearish pressure to test 1.20600, in-line with our -27.2% Fibonacci extension, descending trendline support and weekly 20 EMA. MACD is also trending down, signalling further bearish pressure.
Thursday 10th June 2021: Technical Outlook and Review
On the weekly timeframe, prices are facing bullish pressure and could still see further upside, with 1965 as the weekly resistance target.
