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Technical Analysis

Technical Analysis
Tuesday 18th June: Dollar trades flat ahead of crucial FOMC minutes Wednesday.

EUR/USD: The single currency was uninspired Monday, with action likely restricted […]

By IC Markets

Technical Analysis
Monday 17th June: Weekly technical outlook and review.

The US dollar index, or DXY, ascended to its highest level in almost two weeks Friday following promising retail sales data in May. US retail sales came in at +0.5%, short of the 0.6% expected.

By IC Markets

Technical Analysis
Friday 14th June: Dollar crosses above 94.00 ahead of today’s retail sales figures.

EUR/USD: With upside attempts being limited at the 1.13 handle during […]

By IC Markets

Technical Analysis
Thursday 13th June: Broad-based dollar buying has 97.00 in view as potential resistance.

EUR/USD: By way of a daily bearish engulfing formation, the euro […]

By IC Markets

Technical Analysis
Wednesday 12th June: ECB President Mario Draghi takes centre stage today – remain vigilant.

EUR/USD: Outlook unchanged due to lacklustre movement. It was a quiet […]

By IC Markets

Technical Analysis
Tuesday 11th June: Greenback attempting a recovery ahead of PPI numbers.

EUR/USD: Following Friday’s NFP-induced advance, the single currency encountered mild downside […]

By IC Markets

Technical Analysis
Monday 10th June: Weekly technical outlook and review.

Total nonfarm payroll employment edged up in May (+75,000); the unemployment rate remained at 3.6% and average hourly earnings also ticked lower by 0.2% vs. expected 0.3%, the US Bureau of Labour Statistics reported Friday.

By IC Markets

Technical Analysis
Thursday 6th June: Greenback derives fresh impetus amid upbeat non-manufacturing data.

EUR/USD: Wednesday witnessed additional USD selling materialise ahead of US trading, […]

By IC Markets

Technical Analysis
Wednesday 5th June: Dollar prints third consecutive daily loss; eyes 97.00.

EUR/USD: In recent sessions, market participants witnessed the EUR/USD’s advance run […]

By IC Markets