Technical Analysis

Moving averages stalls the ups and downs today The NZDUSD down to test its 100 day moving average in the Asian session at the 0.70729 level. The low price for the day reached 0.72726.going back to September 8 and September 9, the price declines had found support against that daily moving aveerage level.   The

All 11 sectors of the S&P are lower. The majors stock indices are all closing lower with the Dow industrial average the worst performer. The S&P and Dow have been down for five the last six trading days The NASDAQ index has fallen five straight days All 11 sectors of the S&P index are lower

AUDJPY down -0.72% on the day As London/European traders look to exit for the day, the AUDJPY is one of the the biggest movers (tied with the AUDCHF actually). The AUDJPY has move down 0.72% on the day.  Looking at the hourly chart, the pair has been pushing lower after peaking last on September 7 at 81.983. That high came in

Dow Jones leads the way led by energy and financials The Dow and S&P snapped a five day decline. The NASDAQ was not so lucky falling for the fourth consecutive day. However, late day buying did push the major indices higher into the close. The NASDAQ closed well off it’s low level. The S&P was

25 pip trading range for the NZDUSD The NZDUSD barely has a heartbeat in trading today. The low to high trading ranges only 25 pips that compares to a 22 day average of 61 pips (around a month of trading). The lows reached 0.7096. The high price extended to 0.7122. That took out the Asian session high

Dow and S&P working on its fifth consecutive down day The major indices have turned negative on the day. The Dow and S&P are working on their fifth consecutive down day. That would be the longest losing streak since February. A snapshot of the market currently shows: Dow -100 points or -0.29% at 34778 S&P -6.24 points or -0.14% at 4486.88 NASDAQ

The 100 hour moving average and 200 day moving average are convergent 0.7114 The NZDUSD has been rotating back to the downside after an attempt to get above Tuesday’s high at 0.71523 failed.  The pair was higher earlier in the day as stocks opened with solid gains, but those gains were eroded and the prices started to move back down. The pairs

The lows today tested the low prices for the week the price of WTI crude oil has run the gamut of the weeks highs and lows in it trading range today. Earlier in the day, the price tested the lows for the week near the $67.56 level. The low price today reached $67.68. The high

NASDAQ index trading to a new session low The US stocks have heading lower.  The NASDAQ index is now trading at new session lows down about -60 points or -0.39% at 15187.40. The Dow is down -146 points or -0.42% at 34731. The S&P index is down -16.75 points or -0.37% at 4476.43. Both the

The UK FTSE 100 is the exception. Major indices are lower for the week The major European indices are ending the day with mixed results: German DAX, -0.1% France’s CAC, -0.5% UK’s FTSE 100, +0.1% Spain’s Ibex, -1.2% Italy’s FTSE MIB -0.8% For the week: German DAX, -1.1% France’s CAC -0.5% UK’s FTSE 100 -1.5%

NASDAQ down for the second consecutive day The US major indices are all closing lower with the Dow and S&P down for the fourth straight trading day. The NASDAQ has been down for two consecutive days A look at the closing levels shows: Dow industrial average fell -150.84 points or -0.43% at 34880.23. The low

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The dollar bid is in flux The abrupt reversal in the US dollar today likely has market participants feeling off balance. In addition, US 10-year yields looked to be breaking higher yesterday only to give it all back and more today. The setup going into tomorrow is uncertain. On the charts, there are a series

Price below the 50% of the move up from the August 20 low The USD is moving higher and that is true vs the GBP as well. The GBPUSD is traded to a new session low and in the process is testing the swing lows from last weeks trading between 1.3730 and 1.3733. There are other swing levels going

Mixed results for the major indices The NASDAQ index closed at another record high. The S&P and Dow industrial average did not fare as well.  Each closed lower with the Dow industrial average the worst performer of the 3 major indices. The final numbers are showing: Dow industrial average fell -269.11 points or -0.76% at 35100 S&P index fell -15.4 points or -0.34%

10 year yield moves to a high of 1.385% The USD has moved to a new intraday high versus all the major currencies. The greenback is following the rise in the US rates with the 10 year yield moving up to a high of 1.385%. That is the highest level since July 14. The USD is the strongest of

Dollar slightly ahead but ranges are still relatively narrow The greenback is recouping some losses from Friday to start the new week but so far the moves in the major currencies space are still rather unexceptional. The antipodeans are the notable laggards for now but AUD/USD is keeping within a 30 pips range and is

Oil still down by a little over 1% on the day so far Eamonn had the story earlier today here. The news is supposedly weighing on oil prices to start the week but I would also argue that is does have some technical undercurrent to it. The climb towards the end of last week stalled