Technical Analysis

EUR/USD falls back towards the lows for the day at 1.1864 now Invest in yourself. See our forex education hub. The bounce at the start of the week continues to stall for EUR/USD as buyers are finding it tough to negotiate a breakthrough above the 200-day moving average (blue line). That level is seen @

The S&P index did close at a new record high The major indices are closing their unchanged levels give or take. The border S&P index got up to a higher 4083.16. That was just short of the all-time high reached yesterday at 4086.23 (but it did close at a new record high). The NASDAQ index

AUD/USD trades down by 0.5% to 0.7620 levels currently Invest in yourself. See our forex education hub. Commodity currencies are among the laggards today and the aussie’s decline on the session puts it at the bottom of the pile in the major currencies space. There isn’t much of a clear catalyst with Treasury yields keeping

Nasdaq turns negative in the final hour of trading The major indices are all closing lower on the day. The S&P made a new intraday high but closed lower. The Nasdaq index turned negative in the last hour of trading in an up and down session. The Russell 2000 closed lower for the first time

GBP/USD falls to a low of 1.3840 on the day Invest in yourself. See our forex education hub. The dollar continues to hold more resilient in European morning trade today, bouncing off the lows yesterday with Treasury yields keeping steadier. The dollar’s advance is evident against the pound, loonie, aussie and kiwi with the former

Nasdaq still 3.3% from the all time high The Dow and S&P both closed at record highs. The Nasdaq index rose sharply today, but still trades around 3.3% from the all time high reached on February 16.   For the day: S&P index rose 57.91 points or 1.44% at 4077.78.  At the highs the S&P was up

Midpoint of the move down from teh March 18 high tested The GBPUSD moved up to test the swing area in the 1.3796 to 1.3811 area near the start of the NY session (see post here).  There were bullish undertones as a result of the base against support at the lows and the move back

100 hour moving average, 100 day moving average and 200 hour moving average tested on the AUDUSD. The AUDUSD is down trading at new session highs after erasing earlier declines that saw the pair move to the lowest level since December 2020.   The rise has now taken the price up to a cluster of moving average levels including the 100

1.25387 to 1.25474 is key swing area WTI crude oil is trading up $2.33 as production cuts in OPEC+ will remain in place (at least for now). That is a gain of 3.88%. The price reached a high of $61.59 so far. The move higher has helped the CAD move higher (the USDCAD lower). The

The USD is mixed The snapshot of the strongest to weakest ahead of the US jobs report is showing the NZD is the strongest, the CAD is the weakest. The USD is right in the middle with nearly equal gains vs losses vs the major indices. The USD is highest vs the CAD (at +0.14%)

What the charts are saying now and going into next week’s trading The US dollar is modestly higher after the better than expected jobs report but off the initial spike levels.  EURUSD: The EURUSD fell to a low of 1.1755 but has bounced back to 1.1768 currently.  The pair trades between the 200 hour MA

All quiet in Europe amid the Easter holiday It is Good Friday today and most European markets are observing a holiday, with FX being the only notable market open ahead of the weekend. The dollar is keeping steadier with little change observed across the board after a pullback yesterday, with Treasuries seeing a bid before

6 straight day of gains in jeopardy The USDJPY has moved higher for 6 consecutive days.  On the 3rd day higher, the price moved outside a narrow trading range of 103 pips that was in effect for 14 days. Since then, the price has moved 160 pips higher (yesterday was the high).  The price broke

NZD/USD is seen down 0.4% to 0.6950 levels currently The low today hit 0.6946, just shy of the low last week @ 0.6943. The pair is keeping pressured as the dollar is holding firmer but also as we see a technical break to the downside in AUD/USD, dragging the kiwi alongside it. Invest in yourself.

Above the 100/200 hour MAs Earlier in the NY session, the GBPUSD was trading back toward the 100/200 hour MA.  It was also just above the swing area between 1.3745-58.  Holding that area was key to the buyers looking for more upside.   Getting back above the 200 hour MA was also key. The pair did

EUR/USD climbs to a session high of 1.1735 There is some light pushing and pulling to start European morning trade as the dollar gives up its mild gains from earlier in Asian trading to sit a touch lower against most major currencies, except for the yen currently. That said, even USD/JPY has pared gains from

Moved back below 100 hour and 100 day MAs today The AUDUSD after initially moving higher today, reversed course and tumbled back below key MA levels on the hourly and daily chart.  The hourly chart above has the daily 100 bar MA overlaid on the chart and it – and the 100 hour MA –

EUR/USD falls to a low of 1.1754, its lowest since 11 November last year Invest in yourself. See our forex education hub. Treasuries are starting to take over the main focus in the market again as the selloff resumes, with 10-year yields rising by over 5 bps to 1.76% – its highest since January 2020.