Technical Analysis

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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

This is my extracted commentary from this mornings technical video. If you want to learn about analyzing the market price action, I think it has some lessons. I will explain more below. Take a look at the video first. Lesson 1. Know what the bias is. Yes.. the price moved higher today, but overall, the

The AUDUSD is testing the lows from yesterday at 0.64377. Looking at the weekly chart below, that low took the pair below the 61.8% of the move up from the 2020 low to the high reached in 2021 at 0.64615. After a move higher today took the pair back above that retracement level, the sellers

The major US indices are opening lower, but off the pre-market lows as yields in the US come off after reaching 3.829% in the 10 year (now at 3.703%), and 4.268% in the 2 year (now at 4.137%). The Fed is targeting 4.4% for the end of year level. The stocks have seen some rebound

USDCAD tests 2019 high. The USDCAD is trading to a new cycle high and that takes the pair to the highest level since July 2020. The price high is trading at a new high of 1.3572. That level has taken the price above the high for 2018 at 1.35637 (a hurdle). The 61.85 of the

EURUSD looks toward the next target on the weekly The EURUSD is is trading to a new cycle low at 0.9726. That is the lowest level since October 2002. The price is also getting closer to the high of a swing area going back to 2002 between 0.9662 and 0.9708. Those levels defined a floor

In the morning video, I discussed the trend move to the downside and earmarked the 38.2-50% of the “last trend leg lower” as the minimum target to get and stay above to tilt the intraday bias a little more to the upside. That was the minimum. GBPUSD trends lower The corrective move higher at the

The dollar is king with the EURUSD trading to the lowest level since 2002. The GBPUSD traded to the lowet level since 1985. The AUDUSD, NZDUSD and the NZDUSD traded to the lowest level since the 2020 pandemic plunge. Even the USDCHF rallied despite the 75 basis point hike. The USDJPY rebounded Friday and is

USDJPY stalling near the 100/200 hour MAs The Bank of Japan kept rates unchanged yesterday which diverges from other central banks. But at the same time they intervened in the forex market vs the USD which sent the USDJPY pair sharply lower. The price low yesterday moved close to the 38.2% retracement of the move