Technical Analysis

Crude oil moves back to the 200 hour MA/midrange The price of crude oil shot higher as Europe was heading into their close. The price rise moved above the 200 hour MA and a topside trend line. The 38.2% of the move down from the July 29th high was tested near the $91.87. The high

The bear flag formation on BTC/USD charts appears to be continuing, suggesting that the current BTCUSD uptrend may be nearing its end. The bears’ outlook is more optimistic than the bulls’. Long-term buyers waiting for a daily candle to close above $26000 should enter or increase positions at that time. Some algorithms and traders might

The USDCHF mired in a narrow trading range today The USDCHF is mired in a narrow 51 pip trading range today. The average of the last 22 days of trading (around a month) is 79 pips. There is room to roam on a “shove” through one of the extremes. . Technically, the low price today

Nasdaq Emini futures (NQ) needs to close a 4 hour candle below this VWAP, anchored from this pivot point (the low of 09 August), in order for bears to fully put their foot on the gas, and bulls to break up. VWAP is a trading benchmark that shows the average price of a security based

The S&P fell for the 1st time in 3 days. The Dow snapped a 5 day win streak. The Nasdaq is down for the 2nd consecutive day. Both the S&P and and NASDAQ are lower for the week. A decline this week will be the 1st after 4 straight weeks of gains. Yesterday the S&P

The following video is a Bitcoin technical analysis update for 17 August, but, moreso, it can teach traders about an important principle to be on the lookout for signs that support or hinder your directional trade plan. The original trade plan was discussed and monitored in the past 3 days here: Bitcoin technical analysis, bulls

The major US indices are closing with mixed results. The Dow industrial average was the biggest winner with a gain of 0.71%. The NASDAQ index fell and the S&P index rose by equal 0.19% amounts. Home Depot and Walmart announced earnings before the opening and they both rose sharply. Home Depot is closing up $12.95

NZDUSD fell below its 100 day and 100 H MA today The NZDUSD moved above the 100 day MA last Thursday (upper blue line currently at 0.64297). The price traded above and below that key moving average on Thursday, Friday and again today. The difference today is once the price fell below the 100 day

USDCHF ticks to a new high. What next? The USDCHF is ticking above the earlier high for the day at 0.9468 and the swing low going back to August 2 at the same level. The price just reached 0.94709. The 38.2% of the move down from the August 5th came in at 0.9478. Getting back

Crude oil falls to a swing low from yesterday on the hourly The price of crude oil has seen follow through selling with the price moving down to a low of $92.23. That took the pair down close to $2 on the day the current prices bounce back to $92.55. Looking at the hourly chart,

USDCAD retests the 100 day MA and finds sellers on the test The USDCAD has to a new session high and in the process is retesting its broken at 100 day moving average near 1.27968. The high price just reached 1.27986, just above the moving average level Recall on Wednesday, the price fell below that

EURUSD falls below upper swing area and 100 hour MA now. The EURUSD is trading to a new session low at 1.02515. That takes the price further away from the broken 100 hour moving average 1.02622. The price is also falling below a swing area between 1.0254 and 1.0257. Earlier today, the price fell back

Today’s daily candle, while closing only in apx 4 hours, is now showing a sign that bulls are failing to break the presented channel to the upside, following this 4th attempt to do so, on the daily timeframe. Even if we had a coin flip (50% chance to win, 50% chance to lose) for this

The EURGBP used the 100 day MA as a ceiling on Wednesday and Thursday. EURGBP following the technical levels. On the downside, the 200 day MA and 100 hour MA was broken on Wednesday and tried to stay below into trading yesterday. However, after breaking back above, resistance became support again. The price moved up

The USDJPY continued it’s move higher today after reaching a low of 132.419 yesterday. That move took the price below a swing area between 132.24 and 132.479. However, when the price move back above the swing area during the US session yesterday, sellers turned buyers and that momentum has continued into today. In the morning

EURGBP buyers and sellers battle it out between MA levels A day ago, the EURGBP was ping ponging between the 100 day MA above (near 0.8468), and the 200 day and 100 hour MA below near 0.8438. In the afternoon session, the pair cracked below the lower extreme reaching a low of 0.84176 on the

EURUSD falls to a new NY session low The EURUSD continues to leak oil and wander to the downside. The pair is trading at its lowest level in the US session. Stocks are trading to new session lows. The S&P is moving back toward unchanged. The NASDAQ index is down -53 points at -0.42% at

EURUSD moves up to test key resistance and finds sellers The EURUSD rallied strongly after the tamer CPI data, and ran up to a key resistance swing area between 1.03395 and 1.03657. The high price reached 1.0367 and backed off. The move to the downside has now moved down to retest a key break level