Daily Commentary

「Mark Leigh Trading Education」

End of Day Commentary

USD INDEX Buyers and sellers tried higher and lower respectively, before the price settled back where it started, marginally lower on the day. The doji-like candlestick reflects the indecision, as well as the stand-off following a 2-day rally. Price activity has hovered close to the 98 area for ...

Posted on August 20, 2025

End of Day Commentary

USD INDEX A double bottom followed by 3 successive higher lows and EMAs crossing to the upside. Buyers have reversed the downtrend with steady demand for USD across the board. Resistance set at 98.18 with support lower at 97.78. Although technically the trend points up, price activity has been c...

Posted on August 19, 2025

End of Day Commentary

USD INDEX Buyers won out today with the USDX making gains within the daily downtrend. The positive feeling seemed to stem from the hope for peace as Trump headed the meeting between Ukraine and the European leaders at the White House. Lack of US data and no new fundamentals regarding interest ra...

Posted on August 18, 2025

End of Day Commentary

USD INDEX Buyers stepped in and erased yesterday’s losses with a strong day for the USD on all fronts. Support at 97.43 with resistance established at 98.16. Note the double bottom - strong reversal pattern. Strong data (PPI) contributed to the rally, with sellers remaining on the sidelines. The...

Posted on August 14, 2025

End of Day Commentary

USD INDEX Sellers continued to dominate price action adding to the downtrend with a 3rd consecutive lower high and lower low on the charts. Resistance at 97.98 with support lower at 97.43. Demand for the global currency remains limited. Talk of a rate cut at the next Fed policy meeting, Fed chai...

Posted on August 13, 2025

End of Day Commentary

USD INDEX Buyers take one step forward and then two steps back. Sellers controlled price activity following the US data release (CPI) and went on to reinstall the long-term downtrend. Negative sentiment continues to surround the global currency with talk of a rate cut adding to the mood. Resista...

Posted on August 12, 2025

End of Day Commentary

USD INDEX The USD started the week on a solid foot making gains across the board with the USDX adding to Friday’s bounce up off support. The buying started in the Asian and European sessions, leveling off at resistance levels during the US session. The move higher produced a higher high and high...

Posted on August 11, 2025

End of Day Commentary

USD INDEX Sellers added to the downtrend with a 3rd consecutive day of lower highs and lower lows on the chart. Demand for USD remains limited as the year long negative sentiment towards the global currency appears to have returned to the USDX. Resistance sits at 98.33 with support established a...

Posted on August 7, 2025

End of Day Commentary

USD INDEX Buyers did attempt a fight back earlier this week, however it was unsuccessful with limited demand for the USD. Sellers stepped in today and made a significant push lower, breaking below the 3- day support level. The downtrend picked up steam with the leading indicator pulling away sha...

Posted on August 6, 2025

End of Day Commentary

USD INDEX For the 2nd consecutive day buyers started early, and then ran out of steam as sellers stepped in erasing early gains. Although buyers did enough to earn a green daily candlestick, the EMAs have crossed to the downside. Resistance at 98.88 with support at 98.37. Note the support level ...

Posted on August 5, 2025

End of Day Commentary

USD INDEX The USD’s attempt to fight back following Friday’s sharp sell-off was unsuccessful, to say the least. Lack of demand and any new positive data gave buyers nothing to work with, as the index closed back where it started at the day’s open. Resistance at 98.78 with support lower at 98.37....

Posted on August 4, 2025

End of Day Commentary

USD INDEX Buyers maintained control for a 6th consecutive day of higher highs and higher lows adding to the uptrend. Resistance set at 99.88 with support below at 99.28. Neither overbought technical indicators, bouts of profit-taking or negative USD sentiment have interrupted the rally. With the...

Posted on July 31, 2025

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USD INDEX For a 5th straight day, the index rallied with higher highs and higher lows confirming the demand for USD. Strong GDP data coupled with the trade deals being finalized seen as US positive, have provided the fundamental factors contributing to the uptrend. Resistance set at 99.70 with s...

Posted on July 30, 2025

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USD INDEX Buyers were strong from the Asian open through European session, yet were help up and gave up partial gains through the US session. The pull back is seen as a natural retracement with EMAs and bias continuing to signal an uptrend. Resistance established at 98.90 with support below at 9...

Posted on July 29, 2025

End of Day Commentary

USD INDEX The index reversed to the upside as demand did not let up from start to finish. Resistance sits at 98.42 with support lower at 97.24. Buyers will test this resistance area for the 3rd time since June 17, 2025. The rally to start the week appears to be based on strong US data, a tariff ...

Posted on July 28, 2025

End of Day Commentary

USD INDEX Buyers won out today ending a 4 day losing streak. Notwithstanding the daily green candlestick, the chart reflects a 5th consecutive lower high and lower low adding to the downtrend. Resistance reads 97.26 with support lower at 96.85. Negative USD sentiment continues to dictate the ove...

Posted on July 24, 2025

End of Day Commentary

USD INDEX A familiar pattern today and this week. Buyers start early, sellers step in and dominate price action from US Open to close. 4th consecutive day of lower highs and lower lows. Resistance 97.33 with Support 96.88. Negative USD sentiment driving factor. S&P 500 Demand for US equi...

Posted on July 23, 2025

End of Day Commentary

USD INDEX The unwinding of the USD continued with sellers in total control. Lower highs and lower lows for the 3rd consecutive day added to the current downtrend. While technicals and fundamentals contribute to daily fluctuations, the overriding lack of confidence in the global safe haven curren...

Posted on July 22, 2025

End of Day Commentary

USD INDEX Sellers controlled the day with the USD sold off across the board - against the majors and confirmed with the USDX signalling a lower high and lower low on the daily charts. Resistance sits at 98.23 with support lower at 97.40 matching last week’s low (July 16). Buyers ran out of steam...

Posted on July 21, 2025

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USD INDEX Buyers started strong confirming demand for USD, before sellers stepped in giving up a portion of the early gains. Support sits at the 98.03 open price, with resistance established at 98.63 - matching the high from yesterday. The uptrend remains firmly intact as yesterday’s brief sell-...

Posted on July 17, 2025

End of Day Commentary

USD INDEX While the uptrend remains in place, sellers did step in and halt the month-long rally with a sharp sell-off. The charts show an attempted bearish engulfing candlestick (without a lower close) which is a strong reversal sign. Although buyers stepped in late the push lower did enough to ...

Posted on July 16, 2025

End of Day Commentary

USD INDEX For the 4th straight day, and 8 of the past 10 days, the USDX has moved higher with buyers confirming demand for the USD. Traditional inverse relationship between strong dollar and weak equities. Resistance established at 98.39 with support lower at 97.60. Negative sentiment which has ...

Posted on July 15, 2025

End of Day Commentary

USD INDEX Buyers picked up from last week confirming demand for the global currency. Higher highs and higher lows add to the uptrend. Resistance set at 97.81 with support lower at 97.44. Note USD and equity markets moving higher together. S&P 500 A gap lower to start the week, followed b...

Posted on July 14, 2025

End of Day Commentary

USD INDEX Trend, bias, EMAs all point upwards as buyers won out the day. However, the demand did little to move the index above its recent range as sellers stepped in late. Resistance at 97.59 with support set at 96.52. Prices have closed in the low 97 area for the past week. Noteworthy that the...

Posted on July 10, 2025

End of Day Commentary

USD INDEX A gap higher to start and a brief push higher, yet buyers ran out of steam and prices retraced back to where the day started. The lack of direction confirmed with a doji-like candlestick. Resistance at 97.40 with support lower at 97.08. The uptrend remains in place with a 3rd consecuti...

Posted on July 9, 2025

End of Day Commentary

USD INDEX A green daily candlestick, a higher high and higher low adding to the uptrend. However, it’s not that straight forward. There was a gap lower to start the new trading day and following an early rally and late sell-off, the close price was lower than yesterday. Resistance was set at 97....

Posted on July 8, 2025

End of Day Commentary

USD INDEX The USD started the week on the front foot and continued throughout the day. Buyers maintained control and went on to establish resistance at 97.31. Support sits below at 96.53. Notwithstanding today’s rally, USD sentiment remains negative. Note the fib retracement tool measuring the d...

Posted on July 7, 2025

End of Day Commentary

USD INDEX Strong job numbers along with congress passing a significant bill through the House, and the world’s reserve currency rallied. Buyers maintained control, added to yesterday’s gains and did enough to signal an uptrend on the shorter timeframes. Resistance was established at 97.06 with s...

Posted on July 3, 2025

End of Day Commentary

USD INDEX The USD started out strong through the Asian and European sessions, only for sellers to step in late during the US session and give back the majority of the gains by the close. While the downtrend remains in place, today’s contradictory green candlestick shows a higher high and higher ...

Posted on July 2, 2025

End of Day Commentary

USD INDEX Buyers and sellers both had their say, only for price activity to close where it started - alongside yesterday’s close and today’s open. A doji-like candlestick confirms the stand-off. Resistance was established at 96.55 with support set at 95.96. The downtrend remains intact with a lo...

Posted on July 1, 2025

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