Technical Analysis

GBPUSD below the key swing area up to 0.6680 As stocks continue to run lower, with the Nasdaq down -220 points or near 2% and the S&P donw -76 points or -2.04%, the AUDUSD is continueing to take it on the chin. The pair is down -1.52% on the day which is only eclipsed by

NZDUSD falls to lowest level since March 2020 The NZDUSD closed the week ago at 0.5990, just below the important 0.6000 level. The price has moved lower this week. The high a Monday reached 0.60007 – call it 0.6000. The price just reached a new low of 0.57498. From the high, that’s a decline of

NASDAQ index The Nasdaq index traded to an intraday lows at 11024.64. That took the price below the 200 week MA at 11096.17. However, since bottoming the price has moved back above the key 200 week moving average. The current price is trading at 11109. That is still down -109 points or -0.97%, but at

The USDJPY trades target a trading range of 140.00-145.00 Adam discussed the intervention from the Bank of Japan today in his post here. The action sent the pair down from a high of 145.89 to a low of 140.338. That is a good 556 pips. Certainly nothing to sneeze about in a few hours of

The US dollars higher. Stocks are lower, and interest rates have increased especially in the shorter end: Forex: The EURUSD move from 0.98742 the current level of 0.9835. The low reached 0.98118. The old low from September 6 at 0.9863 is now risk. Stay below keeps the sellers firmly in control. Another risk defining level

EURUSD corrects back to swing area. The EURUSD has moved back above the swing low from September 6 at 0.98633. Also moved above the swing area between 0.9874 and 0.9877. Those levels represented the swing lows from September 5 and September 7 book ending the September 6 old low. That area is now reestablished as

GBPUSD prevents back toward the recent lows near 1.1350 – 56 The GBPUSD moved to a new low going back to 1985 on the Fed hike, with the low reaching 1.12349. The price then snapped back higher and raced back to the swing lows from Friday, Monday and yesterday between 1.1350 – 1.13568. The high

The Bank of Japan September Monetary Policy Statement is due today, Thursday, 22 September 2022. There is no firmly scheduled time for the BOJ statement, its reasonable to expect it some time in the 0230 to 0330 GMT time window Yesterday the Bank heavily intervened in the Japanese Government Bond market: More on the aggressive,

GBPUSD reaches its 1st upside target area The stocks in the US have a erased their declines and are trading in positive territory. US yields remain higher especially in the shorter end but the 30 year bond is now at near unchanged on the day. The higher stocks have led to a move lower in

The EURUSD has seen more buying on the break back above the 100 hour MA at 0.9990 level (blue line in the chart above). The price tried to extend above in the European session but stalled and rotated lower. The current break, finally have found some additional buying interest. EURUSD moves toward a key resistance

USDCHF falls from the 100 day MA above Last week, the USDCHF fell toward the 200 day MA but that MA stalled the fall before racing higher on the CPI news on Tuesday. Today, to start the trading week, the USDCHF price moved higher for the 4th day in 5. In the process, the pair

AUDUSD tests a swing area and bounces modestly The AUDUSD fell on Friday to lowest level since the end of May 2020, and in the process moved into a swing area between 0.6657 and 0.66809. The low price reached 0.66692 and bounced into the close. In trading today, the price initially moved higher of 0.6733.

Gold trades to the lowest level since April 2020 The price of gold is up around $10 on the day. The current price is trading at $1674.11. The high price reached $1680.41. THe low extended to the lowest level since April 2020 to $1654.28. The rebound has taken the price back into a swing area

USDCHF stalls at the 200 hour MA The USDCHF has chopped higher in trading today. The pair started the day near a swing area at 0.9591 to 0.9606 after breaking back above the 100 hour MA yesterday and closing above. The low in the Asian session stalled the fall in the 0.9591 to 0.9606, moved

AUDUSD falls to lower extreme area The Australian jobs report released in the new trading day in Australia (at 9:30 PM ET) showed a 33.5K increase vs estimates of 35K. The unemployment rate ticked up to 3.5% from 3.4% which is still near/at historic low levels. The AUDUSD did move higher soon after the report,

EURUSD consoldates and awaits the next shove The EURUSD is mired in at 62 pip trading range for the day. The high extended to 1.0017. The low reached 0.99551. On the topside, the high stalled ahead of the low of a swing area (see red numbered circles) betweeen 1.00226 and 1.00328. On the downside, the

Bitcoin hit a bit of a wobble in the past hour as it ran stops after hitting $20,000. That prompted a quick move to $19,631 before a bounce back to $19,900. Bitcoin was sold hard yesterday — along with everything else — but is down another 1.8% today. The small bounce in equities today is

USDCHF The USDCHF has been trading up and down in a consolidating range today. The sideways price action has been able to sideways its way back above the 100 hour MA (blue line) which was catching up to the price action after the sharp fall lower last week. The higher than expected CPI yesterday, pushed