Daily Commentary

「Mark Leigh Trading Education」

End of Day Commentary

USD INDEX Buyers and sellers traded punches with neither side holding onto intraday moves. The doji-like candlestick confirms the indecision, with a close alongside that of yesterday. Note the higher high and higher low adding to the uptrend. Resistance level = previous support - adds to relevan...

Posted on May 5, 2026

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USD INDEX Buyers added to Friday’s late rally with a solid push higher, and in so doing reversing the short-lived downtrend. The bounce up off 98.00 confirmed the strong support area continues to be guarded by buyers. Higher interest rate expectations and general risk-off sentiment contributed. ...

Posted on May 4, 2026

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USD INDEX The strong reversal confirmed a new downtrend on the index. Bearish engulfing candlestick could signal further weakness to follow. BOJ’s verbal intervention triggered a broad USD sell-off, oil prices dropped after yesterday’s spike, risk-on saw equity markets rally?all contributing to ...

Posted on April 30, 2026

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USD INDEX The Fed kept rates unchanged (3.75%). Geopolitical instability with US/Iran not making progress; rising oil price add to inflation concerns; stock markets shaky = risk-off. All this adds up to the index putting in another strong push higher, adding to the uptrend. Resistance at 98.92 w...

Posted on April 29, 2026

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USD INDEX A strong start, followed by sellers stepping in through the US session, resulted in buyers managing to hang on enough to record a green daily candlestick, but only just. Notwithstanding the uptrend remaining intact, as well as a higher high and higher low on the chart, the late sell-of...

Posted on April 28, 2026

End of Day Commentary

USD INDEX Despite buyers controlling the US session, the chart reflects a red daily candlestick with a lower high and lower low on the day. Note the double-top, the bearish signal playing out. While the uptrend remains in place, (technically the leading indicator sits above the lagging indicator...

Posted on April 27, 2026

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USD INDEX Demand for USD continued for the 3rd consecutive day, adding a higher high and higher low to extend the uptrend. The ceasefire/settlement mood regarding the middle east conflict seems to have been replaced with aggressive threatening rhetoric, as parties appear further apart than close...

Posted on April 23, 2026

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USD INDEX Buyers confirmed demand for USD, adding to yesterday’s gains with a higher high and higher low on the chart. Reversal to uptrend complete. Relevant level: Current resistance held as both R and S levels through 2025. Resistance at 98.44 with support at 98.03. S&P 500 Yesterday’s...

Posted on April 22, 2026

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USD INDEX Today saw a flight to USD safety/liquidity as the financial markets anticipate next steps in the US/Iran negotiations. Buyers stepped in early, bouncing up off the strong support. No clear direction as buyers and sellers trade punches within the recently established 5-day range. Resis...

Posted on April 21, 2026

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USD INDEX Sellers dominated activity wiping out the gap up to start the week. The week- long stubborn support area is again being tested late in the US session. Geopolitical: As the middle east conflict remains unsettled and fragile, clearly the status of the USD being the sole safety asset is b...

Posted on April 20, 2026

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USD INDEX Buyers did enough to halt the slide and put in a slight bounce, similar to yesterday (which was unable to hold) although so far managing to hold onto gains, reflecting a green candlestick late in the US session. Today’s candlestick has a lower low as the downtrend remains intact. Resis...

Posted on April 16, 2026

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USD INDEX A brief push higher early on, before sellers stepped in at the US session and brought prices back to the open. The weak USD trend has been in place all through the month as the risk on theme continues. Note current support has served as previous resistance earlier this year (Feb 2026)....

Posted on April 15, 2026

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USD INDEX Sellers maintained control and established a lower low for the 4th consecutive day, adding to the downtrend. Another risk on day saw little demand for USD (safety and liquidity) with gold and equity markets the preferred assets of choice. Resistance at 98.20 with support at 97.75. S...

Posted on April 14, 2026

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USD INDEX Following a gap up to start the week, sellers controlled price activity with a gentle sell-off to start, picking up steam through the European and US sessions to close with a solid red candlestick. Note support matching lows from March and earlier this month. The risk-off theme saw USD...

Posted on April 13, 2026

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USD INDEX Sellers controlled the activity within a range matching that of yesterday. Risk on theme continues, regardless of the ceasefire not being upheld as the middle east conflict continues. Buyers look up to 99.00 while sellers look to 98.00 on the downside. Resistance at 98.94 with support ...

Posted on April 9, 2026

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USD INDEX A sharp gap down at the open in response to the ceasefire agreement brokered by Pakistan. Notwithstanding the lower open, buyers won out on the day, recouping a small portion of the overnight losses. The next upside target will look above the 99.00 mark. Resistance at 98.94 with suppor...

Posted on April 8, 2026

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USD INDEX The USD was sold off steadily today, and then a sharp drop at 4.00pm EST following a new offer by the mediator, Pakistan for a 2-week ceasefire - this coming just hours before Trump’s threat to “destroy” Iran by 8pm EST if Iran does not open the straits of Hormuz. Downtrend gains momen...

Posted on April 7, 2026

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USD INDEX Today’s red candlestick was a result of the gap up to start the new week rather than a strong day for the global reserve currency, with the daily close alongside last week’s close. Buyers were not able to add to the 100.00 level which continues to be guarded by sellers. The downtrend r...

Posted on April 6, 2026

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USD INDEX The risk on theme which saw USD selling in the hope of a settlement/ceasefire in the middle east lasted 2 days. Trump again reignited the temperature with his aggressive threats, and the flight back to USD safety/liquidity resumed. Buyers controlled activity with a strong rally, going ...

Posted on April 2, 2026

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USD INDEX Sellers added to yesterday’s sell-off as risk on theme continues with USD safe haven replaced by demand for equities and gold. Notwithstanding the late bounce/rally, the red candlestick confirms the downtrend with a lower high and lower low on the charts. For now, the 99.00 support are...

Posted on April 1, 2026

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USD INDEX The uptrend came to an abrupt end and reversed sharply. Risk-on and the safe haven USD was sold off as the hope of a settlement, or de-escalation at least, in the middle east war sparked a new positive tone across financial markets. Declining oil prices added to the turnaround. Sellers...

Posted on March 31, 2026

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USD INDEX The USD picked up from where it left off last week, confirming demand for the global reserve currency with buyers adding gains for the 5th consecutive day. Notably price activity maintained above the 100.00 mark with a strong close above the round number. All fundamentals contributed: ...

Posted on March 30, 2026

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USD INDEX A 3rd consecutive green candlestick as buyers confirmed demand for the world’s reserve currency. Technically the rally ended the day in line with the descending trendline, with the 100.00 mark clearly in sight. Resistance at 99.84 with support at 99.40. S&P 500 One-way traffic ...

Posted on March 26, 2026

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USD INDEX Buyers started early, picking up steam through the US session, and significantly, holding onto those gains (unlike yesterday) for a solid close. Next upside target will be the descending trendline as buyers look up to retest the 100.00 mark. The 99.00 support continues to be guarded by...

Posted on March 25, 2026

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USD INDEX Although buyers could not hang on to the intraday high, they did recoup over half of yesterday’s losses, securing a green candlestick on the chart. However, a lower high added to the existing downtrend. On the upside, buyers protected the 99.00 support area. Resistance at 99.44 with su...

Posted on March 24, 2026

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USD INDEX The downtrend accelerated following Trump’s announcement that the US has halted it’s attack on Iran. This unilateral declaration, no confirmation/agreement from Israel, as well as no such declaration from Iran, was enough for the markets to signal a reversal from strong USD into sellin...

Posted on March 23, 2026

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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

End of Day Commentary

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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