Technical Analysis

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

The USD is extending to a new high vs all the major currencies with the exception of the JPY and CHF as London/European traders head for the exits. EURUSD: The EURUSD is falling below its 200 hour moving average at 0.99976 and trading back below the parity level at 0.9993. GBPUSD: The GBPUSD is moving

The price of Apple was one of the shining big cap tech stocks from the June low. The low reached 129.05 on June 16. By August 17, the price was back up at 176.12. That was just below the end of year level at 177.59. Yes, the price got within $1.43 of the unchanged for

EURUSD on the 4 hour chart The morning forex technical analysis, I spoke to the EURUSD support in the 1.0098 to 1.0121 area (see near 2:00 in the video here). That area has indeed held support with a low for the NY session at 1.01036. PS the 200 bar MA on the 4-hour chart also

10 year yield traded to the highest level since June 16 The US auctions today were met with tepid demand. The 3- year auction had a tail of 1.4 bps above the WI level at the time of the auction. The foreign demand was lower than the average. The 10 year auction had a tail

ETHEREUM TECHNICAL ANALYSIS and TRADE IDEA for 11 Sept, 2022 This piece presents a technical analysis of the 11th of September’s trading of ethereum against the US dollar We have a channel that is also a bull flag on the daily time frame. The video’s green arrows point to the lower frequency band, while the

The AUD is the strongest and the USD is the weakest as the NA session begins. The USD has cracked lower. The AUD and the JPY are leading the way. The USDJPY fell below the 100 hour MA (currently at 142.81) . The AUDUSD moved above its 100 and 200 hour MAs respectively at 0.6065

EURUSD rises to topside resistance area The EURUSD raced higher today and in the process moved up to test the old low of a swing area going back to July/August. That area comes in at 1.00958 and 1.0121. Looking at the daily chart the high price today reached 1.01128 and backed off. Going forward if

The major European indices are ending the day with solid gains. Italy’s FTSE MIB leads the charge. The German DAX, France’s CAC, and Spain’s Ibex all rose by 1.4% or greater as well. The major indices are also closing higher for the week despite the 75 basis point hike by the ECB. Looking at the

EURJPY corrects down toward the 38.2% retracement The EURJPY made a new high in the Asian session today and later at the start of the US session. The highs stalled at 144.32. The rotations to the downside saw buyers near the 38.2% retracement at 143.169. The initial low came in at 143.37. The more recent

The EURUSD moved lower on the news that the ECB would likely consider 75 bps at the October meeting. That meeting is still a ways away, but the “sources” comments highlighted that possibility. The 200 and 100 hour MAs were broken in the process (green and blue lines). However, after bouncing higher and stalling at