Technical Analysis

A simple and clean technical analysis snapshot for the Japanese Yen vs US Dollar USDJPY is still in Short after crossing down a bullish channel shown in the price chart image and the technical analysis video below The crossing down triggers a bear flag, on the daily timeframe. This simple technical analysis formation tends to

US 10 year yield trading to new lowsUS 10 year  yield  trading to new lowsThe US 10 year yields are trading at session lows of 2.624%. The high yield for the day reached 2.728%. The yield has moved below swing lows from April 13 and April 14 at 2.648% and trades at the lowest level

Old school technical analysis says that price itself is the most inportant technical indicator. Some claim that the most important part of technical analysis lies in the price itself, as it travels through time. ETH, in terms of technical analysis, is also a potential bear flag. Bear flags extend/continue a downward trend. The bear flag

The major US indices are pushing the early session highs after a dip lower after the open. Dow industrial average is making new highs up to 32769.29. S&P reached a new high at 4122.80. The prices up 48.72 points or 4121.21 NASDAQ index reached a new high of 12356.91. It currently trades at 12352.96 up

The price of WTI crude oil futures are settling at $98.60. That’s up $2.20 or 2.28%. The high price reached $101.87. The low price extended to $96.42. The price got a boost on the break of the $100 level, but could not sustain the momentum. Crude oil rotate back lower after run above $100 stalls

EURUSD trades back above the 100/200 hour MA. The  EURUSD  is trading near the last Friday closing level of 1.1213. The current price is moving to an afternoon high at 1.0219 In the US session the price moved down to a low at 1.01448. That was within a lower swing area between 1.0140 to 1.1054

USDCAD back below the 100 hour moving average The  USDCAD  moved to a another month low (and traded to the lowest level since June 13) in the late Asian session. Looking at the hourly chart, the low price reached 1.27874. That low also grace the downward sloping trendline on the hourly chart connecting last Friday’s

EURJPY trends lower The  EURJPY  is the biggest mover on the day. The pair has declined nearly 2% (down -1.97% currently). The current price is at 136.51. The low for the day reached 136.39. Technically, the day started with the pair banging against the 100 hour MA (blue line in the chart above) and a

US 10 year yield fall away from 100 day MA The US 10 year yield is moving sharply to the downside. The current yield is at 2.68%. That’s down around 10 basis points on the day. The low yield reached 2.66%. That was the lowest level since April 14. Looking at the daily chart above,

EURUSD going into FOMC with more of a bearish bias The EURUSD is trading to a new low of 1.0102 as the clock ticks to Fed time at 2 PM. The high in the London session today stalled ahead of the 200 hour MA (green line). On Monday and yesterday’s highs, were higher but kept

The strongest to weakest of the major currencies It’s Fed Day. The Fed is expected to raise rates by 75 basis points when they announce their rate decision at 2 PM ET. That would take the rate to a high range of 2.5%. Fed officials have said the neutral rate is at that level (i.e,

The major stock  indices  remain pressured with the NASDAQ index down nearly 2% ahead of some key earnings including Microsoft and Alphabet after the close. A snapshot of the market currently shows: Dow industrial average is down -241 points or -0.76% at 31749 S&P index down -49.13 or -1.24% at 3917.81 NASDAQ index -225.60 or

EURGBP falls back below the 200 hour MA EURGBP has seen a shift in the bias back to the downside after a move back below the 200 hour MA currently at 0.84955. The pair broke in the late London morning session and has been able to stay below in the US session so far. On

USDCAD takes back the gains made on Friday The USDCAD is looking to take back all the gains seen from the sharp rise on Friday and continuation run higher in the Asian session today. Recall from Friday, the pair found support buyers against the swing low from June 28th near 1.28185. The low price reached

STOCK MARKET UPDATES FOR TODAY: Wall Street’s negative lead from Friday has spread to Asia on Monday, 25th of July, 2022. Slow growth and tighter policies impact on markets. In bumpy trading this morning, the Australian stock market is marginally down, extending the previous session’s losses. The S&P/ASX 200 is below 6,800 after Wall Street’s

Yesterday is beginning to look like the last gasp for bond bears. One of the most-crowded trades in the world is short-bonds — the classic widow maker. It finally paid early this year but 10-year yields have fallen to 2.80% from 3.50% a month ago. Yesterday, 10 years looked like they might rise again on

The flash PMI services data comes out weaker than expected and below the 50% level (to 47.0) suggesting a contraction of activity as a result of the shock from higher prices (even in services). That has pushed the  US dollar  lower against all the major currency pairs: EURUSD has move back above its 100 hour

> Technical Analysis > Bitcoin technical anlalysis & managing a profitable bitcoin short trade Technical Analysis Bitcoin Technical Analysis A quick look at what BTCUSD is doing and following up on a trade idea previously presented for shorting BTCUSD (for short to medium term traders) ForexLive Saturday, 23/07/2022 | 16:28 GMT-0 23/07/2022 | 16:28 GMT-0