Weekly Review

「Mark Leigh Trading Education」

Weekly Review

USD INDEX USD was resilient following a steep sell-off early in the week and then going onto recoup the losses and close the week back at the start/open. Technically the downtrend remains in place with a lower high and lower low on the chart. The week’s low matched levels not seen since early 20...

Posted on February 1, 2026

Weekly Review

USD INDEX The USD rally which has been in place since the beginning of the year was wiped out and reversed in a week which saw the world’s global currency sold off across the board. Notwithstanding Trump’s about turn re. Greenland (military takeover and tariffs), it appears that negative sentime...

Posted on January 25, 2026

Weekly Review

USD INDEX The USD continued it’s strong start to the year with a 3rd consecutive week of higher highs and higher lows confirming a reversal and new uptrend on the chart. Adding to the technical picture, recent fundamental data has done little to attract the attention of sellers. Based on current...

Posted on January 18, 2026

Weekly Review

USD INDEX The USD continued it’s strong start to the year with buyers maintaining control signalling a higher high and higher low on the chart. The first major data release on Friday (December 9th NFP/job numbers) confirming demand for the global reserve currency amidst ongoing geopolitical conf...

Posted on January 11, 2026

Weekly Review

USD INDEX High 2025: 110.00; Low 2025: 95.77. Going into the new year after an up week where buyers were able to recoup the previous week’s losses. However, the trend remains down with price action continuing to hover near to the 98.00 area. Note the yearly highs and lows and see the index remai...

Posted on January 4, 2026

Weekly Review

USD INDEX Buyers were successful in putting an end to the 3 week sell-off and did enough to put in a higher close, confirming a green candlestick on the chart. However, the downtrend remains intact (EMAs pointing down). Note current resistance is aligned with the descending trendline, the level ...

Posted on December 28, 2025

Weekly Review

USD INDEX Sellers started the week pushing lower but it did not last, as buyers stepped in and went on to erase the losses to end the week with a strong bounce up, enough to signal a reversal on the daily time frame. Thin volume and illiquidity could see some volatile moves in the coming shorten...

Posted on December 21, 2025

Weekly Review

USD INDEX The downtrend gained momentum with a 3rd consecutive week of lower highs and lower lows on the chart. The Fed’s 25 bps rate cut (as expected), coupled with a dovish accompanying statement added to the sell-off. The bearish sentiment surrounding the USD and the strong technicals pointin...

Posted on December 14, 2025

Weekly Review

USD INDEX A strong selloff for the 2nd consecutive week. The performance of the world’s reserve currency going into the last 3 weeks of the year could well be determined by the Fed’s rate decision this coming week (Wednesday 10). While the uptrend hangs on, just barely, the daily trend points do...

Posted on December 7, 2025

Weekly Review

USD INDEX A strong week for the USD against all the majors, clarified with the index adding to the uptrend and recouping losses from the previous two weeks. The Fed contributed by casting doubt on next month’s rate cut, adding demand the global currency. The sell-off across the major US stock ma...

Posted on November 23, 2025

Weekly Review

USD INDEX Although the uptrend remains in place (EMAs up), sellers won out for the 2nd consecutive week with a lower high and lower low on the charts. While the trend remains up, sentiment surrounding the global reserve currency appears uncertain with supply outweighing demand at this point. A f...

Posted on November 16, 2025

Weekly Review

USD INDEX Buyers started the week on the front foot adding to the previous week’s gains, however it did not last as sellers stepped in, halted the momentum and went on to close the week lower, adding a red candlestick on the daily chart. Notwithstanding, the uptrend remains intact and the candle...

Posted on November 9, 2025

Weekly Review

USD INDEX A strong week for the USD on all fronts in response to the Fed’s rate cut and the chairman’s accompanying statement where he hinted that another cut in December was not a sure thing. The index has rallied since and buyers are firmly in control (EMAs confirm the uptrend) with the chart ...

Posted on November 2, 2025

Weekly Review

USD INDEX The uptrend remains intact with technical confirmation: EMAs continuing to point up, a 5th consecutive higher low candlestick, and the ascending trendline holding strong. However, note the buyers getting held up at resistance levels for the 3rd consecutive week. Price action continues...

Posted on October 26, 2025

Weekly Review

USD INDEX Sellers won out over the week, but technically the move lower does not appear convincing with the uptrend remaining intact (EMAs pointing up). Price activity has a sideways feel with neither buyers or sellers breaking above or below last week’s range. Further, the weekly close sits alo...

Posted on October 19, 2025

Weekly Review

USD INDEX Notwithstanding Friday’s sell-off, the index had a strong week with the USD closing at it’s highest level (98.58) since June 2025. Technically the trend remains up with EMAs crossed to the upside with a higher high and higher low on the charts. Resistance at 99.32 with support at 97.70...

Posted on October 12, 2025

Weekly Review

USD INDEX Although sellers won out over the week from a technical perspective (red candlestick), practically we saw the sideways activity continue with neither buyers or sellers setting a new trend in either direction. Support at 97.07 with resistance at 97.79. In light of softer data (labour a...

Posted on October 5, 2025

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