Technical Analysis

US 10 year yields The US 10 year yield has moved up to a session high of 3.811%. Just 2 days ago the yield was down at 3.564%. Looking at the hourly chart, the price has moved above the 50% midpoint of the move down from the September 28 high at 3.792%. The yield stay

EURUSD looks toward the 200 hour MA support target The EURUSD is looking back toward the lows for the day. The US stocks are moving back down with 30 minutes left in trading. US yields remain higher with the 2 year up 8.9 basis points and the 10 year up 6.5 basis points. Looking at

GBPUSD moved down to retest the 100 hour MA The ISM manufacturing index came in little better than expectations of 56.7 vs. 56.0 estimate. The prices paid did decline but employment rise ahead of the nonfarm payroll report on Friday. US stocks are continued its moved to the downside. The Dow industrial average down -1.17%

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not

Gold moved back above its downward sloping trendline The price of spot gold has moved up 5 last 6 trading days (the one down day was just by $1or $2). The move to the upside took the price from the low on September 28 at $1614.92. The high price today has reached $1729.46. That’s a

The RBA raised rates by 25 basis points which was less than the 50 basis point mostly expected by the market. The action initially sent the AUDUSD lower. It then rallied higher extending above the highs from last week but only by a few pips before rotating back to the downside. AUDUSD trades up and

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not

With US stocks racing higher and yields moving lower, the risk-on currencies (CAD, AUD and NZD) are moving to the upside (the USD LOWER) in trading today, and testing respective 200 hour MA levels. Dow is up 854 points or 2.98% at 29581.48 S&P is up 104 points ro 2.90% at 3689.73 Nasdaq is up

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not

The following technical analysis video for Nvidia Corp. stock shows that despite the bears looking good with the existing downtrend, bulls can start planning a series of buys, and set buy orders at lower prices, as they target a reversal. I have invented this method which I have not seen anywhere else. I call it

GBPUSD back above 1.1100 The GBPUSD has seen more buying momentum in the early US trading session. The price has move back above the 1.1100 level. The price is trading above and below that natural support resistance level. The low for the week on Monday reached an all-time low of 1.03535. The high for the

In March, Elon Musk officially started the process of acquiring Twitter for $44 billion. Some people believe that Musk’s contract was a mistake on his behalf, and they point to the fact that he is eager to expose his dirty laundry in court in order to get out of it as proof of this. After

The last week was certainly a volatile one for the major currency pairs. The GBPUSD saw the biggest movement falling to the lowest level on record, and the EURUSD also reached to a new low for the year and lowest level since 2002. What about the other pairs? Moreover, how did the pairs end the

The major US stock indices are paying back their gains. The Dow industrial average has turned back negative on the day. It currently is down -92 points -0.32% at 29133.24. The S&P index is near unchanged at 3641.88 after trading as high as 3671.44 The NASDAQ index is still positive by about 47 points or

The USDCHF ups and downs continue for that pair. Looking at the hourly chart, the price moved through the lower 200 hour MA early in the Asian session and moved up toward the higher 100 hour MA. The high in the late Asian session took the price close to its 100 hour moving average (blueline

GBP is the strongest of the major currencies today The GBP is the runaway strongest of the major currencies with gains of 1.02% vs the EUR and up to 2.51% vs the CAD. The GBPUSD trading range is 347 pip vs the 22 day average of 182 pips (around a month of trading). The GBPUSD

The major US indices are trading at new session highs. The Dow industrial average is up 579 points or 1.99%. The S&P index is up 75.7 points or 2.08%. The NASDAQ index is up 225 points or 2.08% as well. Nasdaq moves back toward the 200 week MA Him him him Looking at the NASDAQ

There are shifts in the biases in all the the major markets today: The US dollar is moving lower with its king’s crown starting to get tarnished from a technical perspective (some work to do) US stocks are higher with all the major in indices now up 1.25% or more US yields are lower with