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Technical Analysis

Technical Analysis
Friday 8th May: NFP Day – Remain Vigilant

Key risk events today: RBA Monetary Policy Statement; ECB President Lagarde […]

By IC Markets

Technical Analysis
Thursday 7th May: Pound Slumps Ahead of BoE Rate Decision

Key risk events today: Australia Trade Balance; China Caixin Services PMI; […]

By IC Markets

Technical Analysis
Wednesday 6th May: Dollar Trades Higher Ahead of ADP Employment

Key risk events today: EU Economic Forecasts; US ADP Non-Farm Employment […]

By IC Markets

Technical Analysis
Tuesday 5th May: Technical Outlook and Review

Key risk events today: RBA Cash Rate and Rate Statement; German […]

By IC Markets

Technical Analysis
Monday 4th May: Weekly Technical Outlook and Review

EUR/USD witnessed a resurgence of bidding last week, establishing a robust position north of the 2016 yearly opening level at 1.0873. Should the single currency remain on the winning side of the table going forward, the 2020 yearly opening level from 1.1222 could eventually put in an appearance, followed by Quasimodo resistance at 1.1239.

By IC Markets

Technical Analysis
Friday 1st May: Technical Outlook and Review

Key risk events today: US ISM Manufacturing PMI. (Previous analysis as […]

By IC Markets

Technical Analysis
Thursday 30th April: Technical Outlook and Review

Key risk events today: China Manufacturing PMI and Non-Manufacturing PMI; New […]

By IC Markets

Technical Analysis
Wednesday 29th April: Dollar Explores Lower Ground Ahead of FOMC

Key risk events today: Australia Inflation q/q; US Advance GDP q/q […]

By IC Markets

Technical Analysis
Tuesday 28th April: DXY Starts the Week Lower Consequently Retesting 100.00

The pair marched higher in early European hours, though failed to sustain gains north of 1.0860 heading into US trade, resulting in price retreating to a H4 channel resistance-turned support, taken from the high 1.0990, sited just ahead of 1.08.

By IC Markets