Daily Commentary

「Mark Leigh Trading Education」

End of Day Commentary

USD INDEX A familiar pattern - U$ sold off early with buyers stepping in late in the US session and recouping a portion of the day’s losses. By the end of the day, sellers added to the losses for a 4th consecutive day with a lower high and lower low adding to the downtrend. Negative sentiment an...

Posted on June 26, 2025

End of Day Commentary

USD INDEX The USD started on the front foot early, however the move higher was short lived as sellers took control and the USDX was sold off for the 3rd consecutive day. Lower highs, lower lows confirmed the downtrend. Sentiment surrounding the USD remains negative as the global currency’s safe ...

Posted on June 25, 2025

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USD INDEX USD weakness continued today with the index pushing lower and in so doing signalled a downtrend as the EMAs crossed downward. The early sell-off started with a gap down, followed by sellers adding to the move in the Asian session. The dollar did fight back and show resilience through t...

Posted on June 24, 2025

End of Day Commentary

USD INDEX The uptrend continued with a higher high and higher low on the daily charts. The contradiction shows a red candlestick with today’s close slightly below the open, as well as being below yesterday’s open. Buyers established resistance at 98.74, matching the area which has proved to be a...

Posted on June 19, 2025

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USD INDEX A familiar slow start and a strong finish saw the index continue its march higher with all technicals confirm the uptrend. Higher highs and higher lows for the 3rd consecutive day with the leading EMA signalling the growing momentum. Support sits at 98.01 with resistance established at...

Posted on June 18, 2025

End of Day Commentary

USD INDEX A similar pattern to yesterday?early USD weakness before buyers stepped in at the US open with a strong rally all through the session. The bias reversed to the upside with a higher high and higher low on the charts enough to signal a new uptrend. Support sits at 97.57 with resistance e...

Posted on June 17, 2025

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USD INDEX A day of 2 halves saw the USD sell off early to start the new trading week - Asian and European sessions - only for buyers to step in during the US session and finish on the front foot, erasing most of the early losses. The daily candlestick remains red with the downtrend intact and a ...

Posted on June 16, 2025

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USD INDEX Sellers picked up from yesterday as the USD got sold off across the board. The index is trading at levels last seen in March 2022. While a slightly below consensus PPI report may have added to the sell-off, it seems that overall negative sentiment surrounding the USD is the main contri...

Posted on June 12, 2025

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USD INDEX The USD was sold across the board today with the USDX showing its lowest close since April 21st. Prices were contained below the descending trendline as the downtrend picked up steam. Resistance sits at 98.47 with support established at 98.02. US political unrest may have added to the ...

Posted on June 11, 2025

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USD INDEX The index closed slightly higher, with little change in price and direction. The downtrend is tapering off sideways as neither buyers or sellers held onto intraday moves. Resistance sits at 98.91 with support lower at 98.37. Notwithstanding the higher high, the bias remains tilted to t...

Posted on June 10, 2025

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USD INDEX The index had a quiet day with sellers winning out within a narrow range between 98.32 support and 98.77 resistance. The downtrend remains intact although the MAs are moving sideways with no new highs or lows in either direction. Buyers will aim at 99.00 while sellers look below 98.00 ...

Posted on June 9, 2025

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USD INDEX Sellers took control from the open and went on to set support at 97.90 before the US session got started. Buyers did step in and recouped a portion of the losses to at close 88.27. Resistance sits at 98.89. The bias and trend remain down as negative sentiment continues to surround the ...

Posted on June 5, 2025

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USD INDEX Sellers controlled the days activities with resistance established at 99.33 and support set below at 98.58. The technical picture is contradictory with todays candle reflecting a higher low and higher high within the ongoing downtrend. While buyers and sellers have not been able to ext...

Posted on June 4, 2025

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USD INDEX A complete daily reversal saw buyers open at yesterdays low and close at yesterdays high. Support sits at 98.52 with resistance established at 99.28. While todays rally wiped out the losses from yesterday, the downtrend remains intact. Positive economic data continues to add credence t...

Posted on June 3, 2025

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USD INDEX Sellers were in control from the open and did not let up as the USD was battered against all the majors with the index confirming the sharp sell-off. Resistance sits at 99.28 with support established at 98.52 showing little indication of a retracement at the close. Rather than any one ...

Posted on June 2, 2025

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USD INDEX A gap higher to start followed by sellers taking control with a strong sell-off all through the trading day. The open served as resistance at 100.44 with support established at 99.13. Todays move will reverse the trend downward with sellers looking at todays high as a lower high on the...

Posted on May 29, 2025

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USD INDEX The U$ had a strong day after a slight gap down to start, going onto establish a higher high and higher low on the daily chart. Support rests at 99.35 with resistance set at 99.86. Todays push left the index close to testing the 100.00 mark with the EMAs crossed upward on the 4 hour an...

Posted on May 28, 2025

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USD INDEX The U$ made a strong start to the shortened week with buyers in control from the open. Support sits at 98.55 with resistance established at 99.51. While todays green candle reflects a higher high and higher low on the charts, the downtrend remains intact. Sentiment has played a large p...

Posted on May 27, 2025

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USD INDEX A quiet day across the markets as a result of the Memorial Day public holiday in the US. A gap down to start?early selling in the Asian session, followed by buyers in the European session resulted in a close price very near the open and back where it started. Technically the daily cand...

Posted on May 26, 2025

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USD INDEX Buyers did enough to halt the slide with a brief bounce up and recouping yesterdays losses. Support sits at 99.32 with resistance established at 100.03. The trend remains down with negative sentiment continuing to hang over the USD. RSI is at 45. Buyers may look at yesterdays low as a ...

Posted on May 22, 2025

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USD INDEX The 4th consecutive day of lower lows and lower highs adding to the well-established downtrend. Resistance sits at 99.83 with support set at 99.18. Buyers did step in late to recoup a portion of the losses, closing at 99.47. With little in the way of new data releases or trade deals, a...

Posted on May 21, 2025

End of Day Commentary

USD INDEX Sellers did not let up through the day with a strong push lower adding to the downtrend resulting in the charts confirming a lower high and lower low for the 3rd consecutive day. Resistance sits at 100.46 with support established at 99.82. Rather than any specific data or event contrib...

Posted on May 20, 2025

End of Day Commentary

USD INDEX The USD sold off early and although buyers attempted to reverse the losses, the index did not recover fully as sellers went on to win the day. The push lower was enough to cross the EMAs downward and signal a new downtrend showing a lower high and lower low on the chart. Resistance sit...

Posted on May 19, 2025

End of Day Commentary

USD INDEX The U$ weakened slightly to start the day and then went on to recoup a small portion of the loss and trade within a narrow sideways range through the later part of the US session. The EMAs retain the upward trend although the bias has been tilted lower over the past 3 days. Resistance ...

Posted on May 15, 2025

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USD INDEX Sellers were first out the block and sold off the U$ early before buyers stepped in, closed higher than the open and concluded with a green candlestick adding to the current uptrend. Conflicting technicals show price action contained under the year-long descending trendline and the 3rd...

Posted on May 14, 2025

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USD INDEX Sellers were in control from the open and went on to give up more than 50% of yesterdays gains. In so doing price action returned to trade below the year long downtrend as reflected by the descending trendline. While the daily trend remains up, both the 4 hr and hourly have reversed do...

Posted on May 13, 2025

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USD INDEX The U$ set the pace for an all-round risk-off day following a positive trade meeting between US and China. Demand maintained throughout the day from 100.38 support with buyers establishing resistance at 101.82. The fundamentals and technicals both contributed to the year long negative ...

Posted on May 12, 2025

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USD INDEX The U$ roared back today as buyers rallied from 99.43 support to establish resistance at 100.58. The index reflected the overall dollar strength against a basket of currencies with euro, pound and yen testing significant resistance/support levels. There were no significant data release...

Posted on May 8, 2025

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USD INDEX Following 3 down days, the USDX rallied through the afternoon portion of the US session to close at 99.73. The move higher kept the uptrend intact, although price action continues to trade within a broader sideways 100 pt range between 99.00 and 100. Note todays high adds to the succes...

Posted on May 7, 2025

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USD INDEX The gentle move lower picked up steam today as sellers maintained control with the 3rd consecutive day of lower lows on the way to support being established at 98.94. While sellers aim below 98.00 buyers will look up at the 99.93 resistance level. The big picture technicals are conflic...

Posted on May 6, 2025

End of Day Commentary

USD INDEX The U$ started the week with sellers in control and 99.23 support established early in the European session. As has become a familiar pattern we saw a turnaround when the US session got underway as buyers recouped most of the losses to end the day back where it started with resistance ...

Posted on May 5, 2025

End of Day Commentary

USD INDEX The U$ started the new month on the front foot making it 3 consecutive days of higher highs and higher lows. The uptrend gained momentum and broke above the previous resistance, which now acts as the daily support at 99.38. Buyers broke above the 100 mark and went onto set resistance a...

Posted on May 1, 2025

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