Technical Analysis

The 30 year yield is testing the 100 day MA The US 30 year yield is trading back below the 3.0% level for the first time since May 30, moving to a low of 2.953%. The yield reached its week high just yesterday at 3.208%. The high yield for the cycle peaked at 3.493% on

AUDUSD tests a key cluster of resistance The AUDUSD tested a cluster of resistance on the daily chart between 0.6966 to 0.69935 area today. The area represents a swing area (see yellow area and red numbered circles). Also in the area is a downward sloping trend line at 0.6977 ant the 50% retracement of the

Natural gas bases at the 50% and moves up to $8.00 today Recall from the post yesterday, the price of natural gas pushed higher in late trading, extending above the 50% retracement of the move down from the June 8 high on the hourly chart above. That level comes in at $7.49. The high price

IN this video, I extend the short term  EURUSD  analysis to incorporate a view from the daily chart and ask “What if?”. If you don’t constantly ask “what if?”, you are missing out on telling the story. It is also a way for traders to see the future. That story may change. There are no

Technical analysis is a form of financial analysis, usually visual, that looks for trends on price charts, and makes predictions based on patterns in market data presented on graphs In technical analysis, a measured move is a technical concept that assists traders in setting their trade plans. Measured moves can be either bullish bearish moves,

AUDUSD backs off today after run above 38.2% failed Yesterday, there was a risk-on flows into the AUDUSD as the dollar fell, stocks rallied and yields moved lower. Today, the  AUDUSD  is not seeing upside risk-on flows despite another up day for stocks. In fact the AUDUSD is lower on the day. Admittedly, the yields

CAD/JPY is a great proxy for global growth expectations and it’s threatening an important level. The pair spiked in late May and early June to 107.24 after an 11-day rally that looked like it could be a blow-off top. But after a retracement to 102 the pair steadied and now it’s just a few pips

Natural gas is trading between the 38.2/50% retracement Natural gas futures moved up to a high price today of $7.46 before topping and rotating marginally to the downside. The current price range that $7.23. Looking at the hourly chart the recent cycle high peaked on June 8 at $9.65. The subsequent move to the downside

Technical Analysis After a 16.66% decline from its high in 2021, the Australian dollar, with its weekly candle (still in progress) is starting to look interesting for the bulls. ForexLive Tuesday, 19/07/2022 | 09:08 GMT-0 19/07/2022 | 09:08 GMT-0 The following AUDUSD technical analysis shows that the Aussie may be in an interesting area for

GBPUSD backs off to NY session low The GBPUSD has seen the price action bottom in the early hours of the NY session at 1.19516, run up for 3 hours to a high of 1.20326 and then rotate back to the downside and nearly retrace the run higher. The low just reached 1.19522. Technically, the

AUDUSD trades above its 200 hour moving average The  AUDUSD  has extended above its 200 hour moving average at 0.67809 over the last hour so of trading. Early this week and last week, the price moved above that moving average line only to stall the rally shortly thereafter. On Wednesday of this week, the price

As EURO and USD was looking it is getting to parity, a trade idea to fade the recent decline and go long was created The trade idea had 3 buy orders ready below EURUSD 1 But only 1 of those got filled before the Euro USD pair shot up This leaves the stop loss too

The video below presents a technical analysis for Gold as the price of XAUUSD is close to $1700 and the trade idea, for your consideration, becomes applicable only if the $1700 ’round number’ price is lost (crossed down). If that happens, we look to fade the downward move, so seeking to enter a long position

EURUSD higher, but falls short of the falling 200 hour MA London trader are heading home with the EURUSD reaching a new high for the day before the clock ticked 5 PM. US traders in the morning session that saw retail sales (better than expected), industrial production (worse than expected) and Michigan consumer sentiment (better

The price of WTI crude oil futures are settling at $97.59 that’s up $1.91 or 1.89% The high price today reached $99.01. The low prices at $94.59. WTI crude oil is closing near its 100 hour moving average For the trading week, the contract close last week came in at $104.78. The high price early

The 10 year yield has a floor at 2.9%. The US 10 year yield moved lower this week, helped by flow of funds out of the longer end as the yield curve between 2-10 year moved negative on expectations the Fed would be forced to tighten hard to halt inflation. Looking at the hourly chart,

Following the JP Morgan quarterly earnings today, the S&P 500 e-mini futures dipped below the recent lows, but then met with a fast and aggressive ‘counter attack’ from buyers on the 4 hour candle timeframe. This bold buying pressure created a V shape recovery on that timeframe On the other hand, the S&P is still

EURUSD failed below 1.000, but has the 100 hour MA above The EURUSD tumbled below the parity level finally today after testing the level on Tuesday and Wednesday and bouncing on each test. Today, the dip buyers were not so lucky. The price moved below and moved down to a low of 0.99515. However, after