Daily Commentary

「Mark Leigh Trading Education」

End of Day Commentary

USD INDEX Yesterday’s USD rally came to an abrupt end today as the world’s reserve currency took a beating on all fronts. Sellers were relentless as the index bounced down off the 100.00 resistance area with buyers offering no reprieve. Limited demand continued until a brief bout of buying late ...

Posted on March 19, 2026

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USD INDEX The Fed held rates, as expected, however the hawkish tone was enough to create significant demand for the USD across the board. The index recouped losses from early in the week as buyers look up to retest above the 100.00 mark as the US session draws to a close. Resistance at 100.02 wi...

Posted on March 18, 2026

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USD INDEX USD sold off for 2nd consecutive day, with a lower high and lower low on the chart. Note support matches resistance level from Jan 16th 2026. Sellers will aim to extend the push lower on the way to initiating a new downtrend on the dailies. While consensus points to rates being held at...

Posted on March 17, 2026

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USD INDEX The start of the week sees a different picture with the USD being sold off across the board, in sharp contrast to last week’s strong rally. The initial reaction to the middle east conflict saw a flight to dollars as the safe asset/currency. As the war enters it’s 3rd week will global m...

Posted on March 16, 2026

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USD INDEX An early sell-off through the Asian session was short lived as buyers stepped in pre-US session going on to establish a new yearly high on the index. As the war continues and US data looks solid, the USD confirms its status as the global safe haven asset/currency. Adding to the push hi...

Posted on March 12, 2026

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USD INDEX A resilient USD supported by positive CPI numbers and global geopolitical conflicts showing no signs of easing, resulted in the index extending the uptrend with solid gains. The candlesticks reflect a higher high and higher low on the daily chart. On the upside 99.00 continues to be we...

Posted on March 11, 2026

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USD INDEX Following an early sell-off, buyers stepped in during the US session, recouping losses, and going on to record a higher close on the day. Note the bounce off the ascending trendline which coincides with intraday support. Resistance at 98.68 with support at 98.22. S&P 500 A gap ...

Posted on March 10, 2026

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USD INDEX Today exposed the volatility and fragility of financial markets in times of war. The index gapped higher to start the week, yet within hours of the Asian session opening, sellers stepped in and sold off sharply through the European and US sessions. Noticeably, today’s close lies alongs...

Posted on March 9, 2026

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USD INDEX Buyers steadily gained through the day, on the way to erasing yesterday’s losses but could not hold on, with a sell-off late in the US session. Bottom line still shows a green candlestick with roughly half of yesterday’s losses recouped. The uptrend is resumed with sellers continuing t...

Posted on March 5, 2026

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USD INDEX A turnaround in financial markets today with the USD being sold off across the board as investors went “risk-on” today, in spite of the middle east war continuing on all fronts. It’s interesting that the geopolitical fundamentals gave no reason or insight into the technical reversal. H...

Posted on March 4, 2026

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USD INDEX The USD rally continued early through the Asian and European session, before sellers stepped in with a measured sell-off through the US session, giving up roughly half of the early gains. This is the first pause/retracement since the outbreak of war 4 days ago. Trend remains up, with p...

Posted on March 3, 2026

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USD INDEX The USD confirmed it’s status as the global safety asset of choice within the financial world. Following the onset of the middle east war over the weekend, there was an immediate flight to safety as the USD gapped higher to start the new trading week, and went on to gain through the As...

Posted on March 2, 2026

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USD INDEX A choppy day’s activity doing little to change the overall picture. Buyers won out with a green daily candlestick, although the chart does reflect a lower low. Price action remains contained within the recent familiar range between 97.50 - 98.00. The uptrend remains in place. Notice th...

Posted on February 26, 2026

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USD INDEX Practically, no real change as the index continues to trade, and close, within a narrow sideways range between 97.50 and 98.00. Technically the uptrend remains intact (EMAs up), yet sellers won out today, reflected in a red daily candlestick. Add to the picture a lower high and lower l...

Posted on February 25, 2026

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USD INDEX Aside from a sell-off early in the US session, buyers did enough to secure a move higher today as buyers extended the existing uptrend. Momentum continues to favour the upside with 6 of the past 7 days reflecting a green daily candlestick. Recent activity perhaps adding positive sentim...

Posted on February 24, 2026

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USD INDEX Following a gap down to start the week, buyers fought back with steady gains through the day. Aside from today’s activity resulting in a lower high and lower low on the chart, the daily uptrend remains intact. Current resistance area has held strong through February as buyers once agai...

Posted on February 23, 2026

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USD INDEX Buyers added to the uptrend with a higher high and higher low on the chart. The Asian and European sessions saw the initial push higher, followed by a gentle retracement and leveling off through the US session. Trump’s aggressive rhetoric towards Iran, coupled with positive data (jobs ...

Posted on February 19, 2026

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USD INDEX The USD added to recent gains with a significant rally across the board. The index confirmed and added to the uptrend with the leading indicator (EMA) pulling away sharply. Next upside target will be 97.86 (Feb 5th 2025). Today’s candlestick reflects the 6th consecutive higher low on t...

Posted on February 18, 2026

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USD INDEX Early demand for USD through the Asian and European sessions was reversed during the US session, which saw the closing price right back at the open. While the daily candlestick has a bearish look with a long upper wick and doji-like feel, the higher high and higher low add to the exist...

Posted on February 17, 2026

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USD INDEX Presidents Day in the US accounted for limited trading on the futures market with the USD making slight progress as price activity remains contained within it’s narrow recent range. The 97.00 level has looked pivotal as buyers continue to aim above the mark, while sellers have guarded ...

Posted on February 16, 2026

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USD INDEX The global reserve currency held it’s ground in a strong sell-off across the major economic markets. A brief test in both directions, only for the index to settle alongside yesterday’s close within it’s recent narrow range. Noteworthy that the USD did not follow the traditional inverse...

Posted on February 12, 2026

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USD INDEX Although the USD could not hold onto gains following January’s positive jobs report, buyers did enough to close the day higher with a green candlestick putting an end to the 3 day sell-off. With neither side holding on to intraday moves, the trend maintains its downward bias. The 97.00...

Posted on February 11, 2026

End of Day Commentary

USD INDEX Following an early sell-off, buyers stepped in through the afternoon portion of the US session, recouped the majority of early losses and went on to end the day alongside yesterday’s close. The downtrend remains intact with a 3rd consecutive lower high and lower low on the chart. Resis...

Posted on February 10, 2026

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USD INDEX USD weakness across the board with little demand for the world’s reserve currency. The index was sold off sharply, wiping out the majority of last week’s gains. Note the turnaround coincided with the 61.8% fib retracement level measuring the January 2026 decline from 99.28 down to 95.3...

Posted on February 9, 2026

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USD INDEX The trend is your friend. Buyers add to the uptrend with demand for USD continuing for the 7th consecutive day. The current rally has recouped over half of the losses we saw from January 16th 2025 - January 27th 2025 (99.28 down to 95.36) with today’s close at 97.83. Next fib retraceme...

Posted on February 5, 2026

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USD INDEX The index gapped up at the open and maintained steady demand for USD throughout the day. Although the upside capped at same level as earlier in the week (Monday 2nd 2025), more significantly today marked the 6th consecutive higher low on the chart. Buyers will aim for the 68.00 mark wh...

Posted on February 4, 2026

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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

End of Day Commentary

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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