Technical Analysis

GBPUSD moves above 100 bar MA on 5-minute chart  GBPUSD  moved to the lowest level since September 2020 (see earlier posts here). At the same time, the price has been trending lower over the last two trading days and is able to stay below its falling 100 bar moving average on the five minute chart

AUDJPY the weakest of the major currency pairs The JPY is the strongest of the major currencies, while the AUD is the weakest. That has the AUDJPY as the biggest mover of the day. The pair is currently down -1.35% at 91.52. It wasn’t five trading days ago that the AUDJPY pair was breaking to

The strongest to the weakest of the major currencies The JPY is the strongest and the GBP is the weakest as the NA session begins. The USD is just below the JPY as the strongest and the NZD and AUD are trending lower as well. In the Asian session, Japanese Finance Minister Suzuki escalated his

GBPUSD falls to support target between 1.2828 and 1.2853 The  GBPUSD  moved sharply lower after retail sales came in much weaker than expected -1.4% versus -0.3% estimate. The price also got a kick to the downside after breaking below the 1.300 level and the low price from April 1.2971. The pair traded down to a

USDJPY is a stop between swing levels (38.2% retracement) The  USDJPY  in the Asian session moved up to test the swing highs from yesterday’s trade between 128.63 and 128.70. The high price today reached 128.685. Sellers leaned against the high, and the price rotated back to the downside The move lower in the late Asian

AUDUSD fell below its 200 day moving average The AUDUSD has just cracked below its 200 day moving average at 0.72926. The fall back below the level is the first since March 17. The move above the 200 day moving average on that they sent the price sharply higher, with the pair peaking at 0.76607.

USDCAD races to the upside The  USDCAD  today moved above its 200 hour MA (green line at 1.25904) in the Asian session, and in the process continued the trend move higher that was started yesterday. The break higher above the 200 hour moving average (green line) saw some consolidation, but the price based against that

USD is now the strongest of the major currencies The USD is making a break for it to the upside. In the current hour, the greenback is trading to new highs for the day versus all the major  currencies  with the exception of the JPY. It is now the strongest of the major currencies. The

AUDJPY moved to the highest level since June 2015 this week The  AUDJPY  move to the highest level since June 2015 this week. The high price reached 95.736. The price has run up from 80.36 at the January low. That is a gain of 1537 pips. After the move to the highs yesterday, the price

US two year yield moves to the highest level since Dec 2018 Fed’s Daly said that the Fed would likely raise rates by 50 basis points at a couple of Fed meetings, and that they will deliberate with members whether rate hikes at 25, 50, or 75 basis points are needed. Keeping the 75 basis

EURUSD retest its 200 hour moving average The EURUSD started the NY session with a move below the 200 hour MA (green line at 1.08366). The move lower took the price to a swing area from trading this week (and Friday last week as well) at 1.08205. The subsequent rebound off that support, rebroke above

USDCHF runs out of steam The  USDCHF  rose sharply yesterday and in the process moved above the swing highs from April and March between 0.9459 and 0.9472. The price also moved above the 50% retracement of the move down from the 2019 high increasing the bullish bias (see post from yesterday outlining the level as

EURGBP tries to move higher with more work to do The  EURGBP  has moved marginally higher today, but in the process has moved back above its 100 hour moving average currently at 0.82862. The pair initially broke above that moving average but found willing sellers against a swing area between 0.82936 and 0.82987. The price

AUDJPY moves above 2022 high The AUD is the strongest of the major currencies today. The JPY is the weakest. That makes the AUDJPY the strongest of the currency pairs. Currently the price of the AUDJPY is up 1.61% on the day. In the process, the pair has now moved to the highest level since

EURGBP stay below the 100 hour moving average The  EURGBP  moved to the low for the week on Thursday. That took the pair to lowest level since March 7 in the process. After waffling up and down on Friday (Good Friday), the price moved higher in trading today and sniffed the falling 100 hour moving

GBPUSD stays below its 100/200 hour moving averages The GBPUSD waffled up and down in a narrow trading range on Good Friday. That dynamic helped to converged the rising 100 hour moving average with the falling 200 hour moving average (blue and green lines in the chart above). Those two moving averages are straddling the

The strongest to weakest of the major currency pairs The JPY is the strongest and the CHF is the weakest as NA traders enter for the day. The ECB kept rates unchanged and said that forward guidance remains the same. The APP will also remain unchanged with expectations for it to end in the 3rd

GBPUSD reverses back to the downside today The  GBPUSD  is following the trend of the USD moving higher. US yields have pushed to the upside with the two year now up eight basis points to 2.435%, and the 10 year up 7.7 basis points to 2.781%. It is well off the low levels for the