Daily Commentary

「Mark Leigh Trading Education」

End of Day Commentary

USD INDEX The USD was not able to hold on to recent gains with a gentle sell-off on the index. Sellers prevailed within a narrow trading range, noticeably unable to test the 97.00 support area. The uptrend remains intact. Resistance at 97.54 with support at 97.13. S&P 500 After a slow st...

Posted on February 3, 2026

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USD INDEX USD started this week on the front foot, picking up from last week’s bounce with a higher high and higher low, enough to signal a new uptrend on the charts. Note the resistance now matches the support area from December 2025. Resistance at 97.59 with support at 96.88. S&P 500 B...

Posted on February 2, 2026

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USD INDEX Following a slight gap down to open, the USD remained stable today closing alongside the open with a doji-like candlestick confirming the lack of direction. Although buyers were not able to add to yesterday’s bounce, noticeably sellers did not step in to continue with the week-long sel...

Posted on January 29, 2026

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USD INDEX While the index remains in a strong downtrend, the charts reflect a bounce up today as buyers added to the gap higher at the open, going on to recoup a portion of yesterday’s steep losses. Unable to hang onto the gains (following FOMC meeting) sellers had the final say going into the c...

Posted on January 28, 2026

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USD INDEX The steady USD sell-off through the day dropped sharply at the USD close with the global reserve currency hitting lows not seen since February 2022. Technically the move is reflected in the RSI reading at 22, confirming the extreme oversold conditions. US Consumer Confidence early in t...

Posted on January 27, 2026

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USD INDEX Dollar weakness continued into the new week with sellers maintaining control. Support held up today with buyers guarding the support area with a technical bounce on the first attempt to break the level. A reversal will require buyers to confirm demand for the global reserve currency. A...

Posted on January 26, 2026

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USD INDEX A statement day for the USD as sellers confirmed the lack of demand for the global currency as the index was sold off throughout the day. The technical downtrend gained momentum with negative sentiment adding to the strong push lower. It appears Trump’s turnaround yesterday (Greenland)...

Posted on January 22, 2026

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USD INDEX A nervous start to the day which ended with the USD strengthening, and in so doing, erasing more than half of the losses incurred yesterday. The trend remains down with a lower high on the charts. From a sentiment perspective, Trump walking back on “ownership of Greenland by force”, to...

Posted on January 21, 2026

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USD INDEX The Greenland threat scared the market; Trump’s latest tariff threats sent the USD into a tailspin. Sellers confirmed the panic as the global currency was sold-off sharply during the Asian and European session, with buyers stepping in and recouping a portion of the losses through the U...

Posted on January 20, 2026

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USD INDEX A gap lower to start the week saw the index open below the 99.00 level and the EMAs taking a sharp turn lower. A rather inactive Asian and European session, followed by a holiday in the US (Martin Luther King day), saw prices push slightly lower, yet remain close to the open without bu...

Posted on January 19, 2026

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USD INDEX Yesterday’s brief retracement was cancelled out today as buyers resumed the steady demand for USD with a convincing higher high and higher low adding to the 14-day uptrend which started December 26 2025. Aside from the positive technicals, the current push is impressive considering the...

Posted on January 15, 2026

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USD INDEX The USD was sold off through the Asian and European sessions, before buyers put in a strong fight back late in the US session. Although sellers did enough to win out on the day, the rebound did show resilience from the global reserve currency. The uptrend remains intact with a higher h...

Posted on January 14, 2026

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USD INDEX The USD continued its strong rally which has been in place since the start of the year. The strength of the global reserve currency is backed by technical and fundamental influences, although it does feel that sentiment may not measure as positively. Note the current resistance has hel...

Posted on January 13, 2026

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USD INDEX A gap lower to open, sellers continuing lower through the Asian and European sessions, before buyers stepped in as the US session got underway, and recouped the day’s losses to close slightly up on the open price. The doji-like candlestick confirms the lack of clear direction. The uptr...

Posted on January 12, 2026

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USD INDEX The USD strengthened today, as it has done for 10 of past 11 days with buyers confirming demand for the USD in the new year. Next target on the upside is 99.00 on the way to reaching the big 100.00 mark. Tomorrow’s jobs report (NFP and Unemployment data) could go a long way to determin...

Posted on January 8, 2026

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USD INDEX Another strong day for the USD saw the index add to the existing uptrend with a higher high and higher low on the chart. Sellers did not step on with the candlestick close matching the high - a bullish signal. Buyers will be eyeing the next resistance at 98.96 (December 9 2025). Seller...

Posted on January 7, 2026

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USD INDEX Buyers stepped in today, recouped yesterday’s losses and maintained the uptrend which has been in place since December 26 2025. Today’s higher close marks the 8th green candlestick over the past 9 trading days. The current resistance area has been well guarded by sellers, with the 98.0...

Posted on January 6, 2026

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USD INDEX The index gapped higher to open, moved up early, yet as the US session got underway the gains were reversed as the USD got sold off across the board. Notwithstanding the red daily candlestick, the charts show a higher high within the existing uptrend. Prices settled at the familiar 98....

Posted on January 5, 2026

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USD INDEX The USD continued its push higher into the year end with the index adding a 3rd consecutive higher high and higher low on the chart. Note that the uptrend broke above the descending trendline which has been in effect since November 21st 2025. Resistance at 97.97 with support at 97.62. ...

Posted on December 30, 2025

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USD INDEX Technically buyers held on to early gains signalling a higher close on the chart. Practically, it was a case of same old?with a daily close matching that of the past 4 days within a sideways trend and flat EMAs. Note the descending trendline was tested, with price activity being contai...

Posted on December 29, 2025

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USD INDEX Buyers had the last say on Christmas eve with a gentle push higher. However, the daily candlestick reflects a lower high and lower low on the charts, adding to the downtrend. Resistance at 97.67 with support at 97.41. S&P 500 The santa rally confirmed on Christmas eve with the ...

Posted on December 24, 2025

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USD INDEX Sellers extended yesterday’s sell-off with another push lower, and in so doing initiated a new downtrend on the charts (EMAs crossed down). US December consumer confidence report contributed - 89.1 v 90.1 expected. Today’s low matches that from December 16 2025. Resistance at 97.87 wit...

Posted on December 23, 2025

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USD INDEX A gap down to start the week, followed by sellers maintaining control on the way to wiping out the majority of last week’s late rally. Note the strong support level which buyers have guarded successfully since October 17th 2025. Sellers will aim to push below the 98.00 mark which has b...

Posted on December 22, 2025

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USD INDEX Buyers added to yesterday’s gains with a gentle push higher, enough to signal the start of a new uptrend as the EMAs crossed to the upside. Buyers will aim to maintain above the 98.00 level confirming demand for the world’s global currency, notwithstanding the recent rate cut and disap...

Posted on December 18, 2025

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USD INDEX The dollar index had a strong start, bouncing up off support and taking out highs from the 3 previous days. Buyers did not hold on, with sellers stepping in thereby losing roughly half of the early gains. Once again the support level held strong with today’s move enough to signal a rev...

Posted on December 17, 2025

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USD INDEX The index sold off following a delayed jobs report which reflected a rise in the unemployment numbers at 4.6% (4.5 yr high), only to bounce back through the US session and erase almost all the early losses. Notwithstanding the fightback, the downtrend remains firmly intact. Buyers will...

Posted on December 16, 2025

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USD INDEX Sellers were not able to hang on to the early push lower as buyers stepped in and recouped a portion of the losses, going on to end the day alongside Friday’s closing levels. Note the support matches Friday’s low. Trend and bias point down, as sentiment also appears tilted to the downs...

Posted on December 15, 2025

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USD INDEX The sharp USD sell-off triggered by yesterday’s Fed rate cut followed through today with the index pushing down to test the lows last seen October 17th 2025. Buyers stepped in later in the US session, although trend, bias and sentiment are all tilted to the downside. The bearish feel r...

Posted on December 11, 2025

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USD INDEX The Fed cut by 25 bps, as expected, and the USD was sold-off, as is the norm. The accompanying statement had a dovish feel as sellers took control and maintained through the close. Today’s move confirmed the downtrend on the charts, which started November 24th 2025. Looking ahead, the ...

Posted on December 10, 2025

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USD INDEX Buyers added to yesterday’s gains, with a 3rd consecutive higher high on the chart. While the EMAs continue to remain down, sideways best describes the activity. Bias and sentiment appear tilted to the downside going into tomorrow’s Fed interest rate announcement. Buyers aim above 99.0...

Posted on December 9, 2025

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USD INDEX A solid start to the week as buyers guarded the support area, made gains and held on through to the close. The downtrend remains intact as activity remains contained within the 4-day sideways trend. Resistance at 98.85 with support at 98.44 S&P 500 Sellers controlled the day’s ...

Posted on December 8, 2025

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USD INDEX Buyers stepped in today putting a halt to the losses incurred over the previous 4 days. Notwithstanding the dollar’s fightback, the strong downtrend remains firmly intact with a lower high reflected on the daily chart. (Note the bounce from October 29th from same support area.) Buyers ...

Posted on December 4, 2025

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USD INDEX The move higher from last week has been reversed as sellers added to yesterday’s pause, going on to establish a new downtrend on the charts. In context we can see the index continues to trade at the high end of market activity since the middle of the year. Buyers will aim to reclaim th...

Posted on November 25, 2025

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USD INDEX Sellers did enough to pause the 6 day rally, without having the momentum to reverse the uptrend. Buyers fought back from an early sell-off with a close above the 100. 00 mark. Resistance at 100.21 with support at 99.93. S&P 500 Following a sizeable gap up to start the week, buy...

Posted on November 24, 2025

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USD INDEX The USD continued higher, closed with a 5th consecutive higher high and higher low on the chart, confirming demand for the world’s reserve currency. A strong labour report contributed to the trend, regardless that the report was for September. Typically, strong jobs numbers could add t...

Posted on November 20, 2025

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USD INDEX Following 4 days of a gentle push higher, today saw the USD break out with a strong rally and the index go on to retest the high from November 5th. Continued demand for the world’s global currency will see buyers aim to maintain above the psychological 100.00 level. Resistance at 100.1...

Posted on November 19, 2025

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USD INDEX Neither side did enough to move the trend, with a doji-like candlestick confirming the stand-off. Buyers will look at the 3rd consecutive higher high and higher low on the chart, within a succession of higher lows on the daily chart, while sellers notice the downtrend remains intact. R...

Posted on November 18, 2025

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USD INDEX A strong push higher for the USD across the board, with the index confirming demand for the global currency. However, the downtrend remains intact and price action continues to sit below the ascending trendline. Note the double bottom (reversal sign) which set up today’s green candlest...

Posted on November 17, 2025

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USD INDEX A 6th consecutive red candlestick as sellers added to the downtrend with a strong push lower. The momentum picked up steam with fundamentals, technical and sentiment all contributing to the bearish tone. Note the uptrend from September 17th 2025 has been broken to the downside. Resista...

Posted on November 13, 2025

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USD INDEX Following an early rally, buyers could not hold on and sellers stepped in, reversed the day’s gains and went on to close slightly lower than the open, alongside yesterday’s close. The downtrend remains intact, although the trend has taken on a sideways feel since the start of the week....

Posted on November 12, 2025

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USD INDEX Sellers controlled price action with a solid push lower and adding to the downtrend. The low of the day matches the resistance area from last month (October 2025). The bias and sentiment favour the downside with a negative feel to the USD. Political uncertainty surrounding the White Ho...

Posted on November 11, 2025

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USD INDEX Following a gap up to start the week, sellers added to the downtrend with a gentle push lower through the day. A 3rd consecutive day of lower highs on the chart. Support continues to be guarded by buyers. Price activity narrowing down. Also note the support matches a previous resistanc...

Posted on November 10, 2025

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USD INDEX Yesterday’s pause was followed up with sellers making a strong push lower resulting in price action back bellow the 100.00 mark. The sell-off was enough to signal a reversal on the shorter 4 hr time-frame. Buyers remained on the sidelines. Bearing in mind the recent strong performance ...

Posted on November 6, 2025

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USD INDEX Buyers held control with a steady push higher, although sellers stepped in late, erased the gains, resulting in the index closing back where it started. A doji-like candlestick confirms the stand-off. Note the higher high and higher low on the chart, adding to the well-established uptr...

Posted on November 5, 2025

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USD INDEX Demand for the world’s reserve currency continued today across the board with the index strengthening for the 5th consecutive day - higher highs and higher lows adding to the uptrend. Significantly the 100.00 level was tested and broken with a close above the whole number. Note the pre...

Posted on November 4, 2025

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USD INDEX Nothing drastic, yet demand for USDs continues as buyers add to the uptrend with a 4th consecutive day of higher highs and higher lows on the chart. Next on the upside looks to be a test of the 100.00 mark. The world’s reserve currency is the current asset of choice across financial ma...

Posted on November 3, 2025

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USD INDEX Buyers added to yesterday’s rally confirming a mini resurgence/ demand for USD. Today’s resistance level marks a 3 month high for the world’s reserve currency. Buyers will aim for the 100.00 level while sellers will look below 99.00 as a minimum to reversing the trend. Resistance at 99...

Posted on October 30, 2025

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USD INDEX The USD rallied in response to the Fed rate cut earlier today. The statement by Fed chairman Powell, implying a further cut in December is not a sure thing, added to the sharp push higher. Buyers did enough to reverse the downtrend and break above the ascending trendline. Note the res...

Posted on October 29, 2025

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USD INDEX Sellers went on to gently add on to the gap lower which stared the day. Today’s candle is the 4th consecutive lower high and lower low on the chart. Although buyers did bounce up off support, the demand for USD appears limited. Sellers will aim below the ascending trendline. Resistance...

Posted on October 28, 2025

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USD INDEX Sellers won out today starting the week by adding to the downward bias and extending the downtrend with a 3rd consecutive lower high on the chart. However, although the technicals confirm the downtrend, price activity continues to move sideways as the close price remains within a narro...

Posted on October 27, 2025

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USD INDEX An early push higher in the Asian session was short lived. Sellers stepped in during the European and US sessions resulting in the index closing where it started. While the overall bias and trend remain up, technically at least, price action has been limited and sideways would best des...

Posted on October 23, 2025

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USD INDEX Buyers failed to add to the past 3 day’s gains, with neither side making a lasting move. Following a gentle test in both directions, prices closed back where it started, alongside yesterday’s close. A doji-like candlestick confirmed the lack of direction. Resistance at 98.90 with suppo...

Posted on October 22, 2025

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USD INDEX A 3rd consecutive strong day for the USD with higher highs and higher lows on the chart confirming demand. Taking a step back, note the series of higher lows starting September 17th 2025. As the reversal shapes up (EMAs crossing upwards) it does feel that the negative sentiment towards...

Posted on October 21, 2025

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USD INDEX The gain was slight, yet enough to add a 2nd green candlestick confirming demand for the USD following last week’s strong sell-off. While the trend remains down, a higher high and higher low will encourage buyers aiming to reverse the trend. Resistance at 98.40 with support at 98.15. ...

Posted on October 20, 2025

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USD INDEX A 3rd consecutive day of lower highs and lower lows as sellers add to the downtrend. The mood and sentiment appear bearish as sellers have aggressively erased the gains from last week. Resistance at 98.46 with support at 98.04. S&P 500 Sellers dominated price activity today, wi...

Posted on October 16, 2025

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USD INDEX The indecision relating to the USD is reflected on the index chart - alternating between green and red daily candlesticks over the past 4 days. Today sellers won out, while technically the uptrend remains in place, (EMAs up) price activity has been moving sideways. Resistance at 99.22 ...

Posted on October 14, 2025

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USD INDEX A strong day for the USD as buyers recouped most of Friday’s losses, and in so doing got the uptrend firmly back on track. Note the loosely formed symmetrical triangle with the price range showing signs of narrowing. Resistance at 99.10 with support at 98.59 S&P 500 A gap up to...

Posted on October 13, 2025

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USD INDEX Today saw the USD rally across the board as the US government shutdown has coincided with the global reserve currency’s sharp 4-day rally. Lack of data (no news is good news) has left the door open for buyers, as technical analysis and a show of strength on the geopolitical front contr...

Posted on October 9, 2025

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USD INDEX Demand for the global reserve currency continued with buyers firmly in control as significant resistance levels are approached. Todays high was last seen August 5th 2025. Resistance at 98.78 with support below at 98.36. Notwithstanding today’s green candlestick, a late retracement duri...

Posted on October 8, 2025

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USD INDEX A powerful showing saw buyers in full control from start to finish. Technicals show a 3rd consecutive day of higher highs and higher lows as buyers broke above significant levels. Resistance at 98.34 with support at 97.82. Perhaps ironic that the lack of data (government shutdown) has ...

Posted on October 7, 2025

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USD INDEX The index gapped up to start the new week, followed by buyers adding to the move higher during the Asian session. The European and US sessions saw a reversal with sellers stepping in and ending the day back where it started. Note the doji-like candlestick confirming the indecision. Res...

Posted on October 6, 2025

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USD INDEX Buyers stepped in today and halted the 4 day sell-off doing enough to technically end the downtrend. Although the EMAs now confirm the leading indicator is above the lagging indicator, practically price activity looks like its moving sideways. Resistance at 97.79 with support at 97.19....

Posted on October 2, 2025

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USD INDEX A similar pattern for the 3rd consecutive day. A strong sell-off to start with the USD fighting back in the US session. The sellers maintaining control into the latter part of the day with a red candlestick and lower highs and lower lows on the daily chart. Resistance at 97.55 with sup...

Posted on October 1, 2025

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