IC Markets Technical Analysis

Trade and geopolitics continues to dictate currencies.

EURUSD: It was a particularly interesting session Thursday, having seen EURUSD bulls punch out of its weekly range to a high of 1.1251. Bolstered by...
IC Markets Technical Analysis

Dollar steady ahead of Fed Chair Powell speech and PPI figures.

EURUSD: Over the course of Wednesday’s session, we can see the EURUSD’s H4 candles failed to sustain gains above its 1.12 handle, altering course during...
IC Markets Technical Analysis

Greenback grinds north, though has gains capped on trade concerns.

EURUSD: Outlook unchanged. As uncertainty builds around US/Sino trade negotiations, along with upbeat JOLTS job openings, the US dollar index explored higher ground Tuesday, weighing on...
IC Markets Technical Analysis

Dollar remains languishing beneath weekly resistance; further downside possible.

EURUSD: The EURUSD started the week around 1.1177, marginally lower than Friday’s close. Despite an undesirable open, the pair had little trouble recovering lost ground...
IC Markets Technical Analysis

Weekly technical outlook and review.

EURUSD: Weekly gain/loss: +0.55% Weekly close: 1.1200 Weekly perspective: Violating a two-week bearish phase within the parapets of a long-standing demand zone at 1.1119-1.1295, the EURUSD recovered in...
IC Markets Technical Analysis

Greenback eyes 98.00 ahead of today’s NFP.

EURUSD: The euro, despite an earnest effort to preserve the 1.12 support, yielded further ground to its US counterpart Thursday. The US dollar index also...
IC Markets Technical Analysis

Pound eyes 1.30 ahead of ‘Super ’

EURUSD: In recent hours, the EURUSD spun off into a phase of selling, consequently sailing through April’s opening level at 1.1221 and the 1.12 handle...

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