Technical Analysis

The USDCHF moved lower this week helped by flight to safety flows after strong selling in the equity markets. That move lower, took the price back below its 200 day moving average near 0.8883, and the 38.2% retracement of the move-up from the December low also at that level. More momentum took the price below

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not

The EURUSD has had an up and down today, while the stock market gyrates. The moves lower were able to get below the 38.2% of the move up from the June low to the July high. That level comes in at 1.08394. The price also fell below that retracement level yesterday, but snapped back to

NASDAQ bounces off 38.2% and fills a gap The NASDAQ index move down to a low of 17352.93. In a prior post I outlined the area as a target level. The level corresponds with the 38.2% retracement of the move-up from the May low. That level comes in at 17353.82. It also corresponds roughly with

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not

Earlier this month, I did a series of posts, following the trend of the GBPJPY on a trend move higher. The move to the upside was helped by dips finding support against the 100-hour MA. That continued until it didn’t and the technical story changed. Here is the succession of posts. https://www.forexlive.com/technical-analysis/the-gbpjpy-is-trading-at-highest-level-since-2008-and-bounced-off-support-todaywhat-next-20240705/ https://www.forexlive.com/technical-analysis/has-the-song-remained-the-same-for-the-technicals-driving-the-gbpjpy-trend-move-higher-20240708/ https://www.forexlive.com/technical-analysis/gbpjpy-still-remains-above-the-100-hour-ma-20240709/ https://www.forexlive.com/technical-analysis/gbpjpy-continues-its-run-to-the-upside-hints-of-a-top-yesterdayfails-20240710/

NASDAQ stayed above its 200 hour moving average. Bullish The US broader indices are trading at at session highs. The gains are led by the NASDAQ and the switch is currently up 114 points or 0.64%. At session lows, the price approached its rising 200 hour moving average, but found early buyers against at that

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not

NZDUSD continues the run lower The NZDUSD has continued its run lower (SEE CHART ABOVE) started last week after the pair initially found resistance against its 100 bar moving average on the 4-hour chart (higher blue line at 0.6082 at the time), 100-day moving average at 0.6060, 50% midpoint of the move up from the

Fundamental Overview The Nasdaq has been on the backfoot recently as the goldilocks data led to a strong rotation into small caps stocks. Yesterday, there was general weakness across all the indices although it wasn’t triggered by any catalyst. The fundamentals haven’t changed, on the contrary, they strengthened the case for a soft landing. The

As the North American session begins, the USD is the strongest and the NZD is the weakest. UK retail sales was weaker overnight (-1.2% versus -0.6% estimate) The big news is the global downage as a result of a software update at Crowdstrike that then impacted Microsoft (and others) grounded airlines and impacted many businesses

In the kickstart video for July 19th, I take a look at the three major currency pairs – the EURUSD, USDJPY and GBPUSD. The EURUSD has moved down continuing the decline from yesterday, and in the process tested its rising 200 hour moving average at 1.08794. That moving average will be a key barometer on

FTSE China A50 Index Futures: A practical guide for investors The FTSE China A50 Index Futures (ticker: XIN9) are a vital tool for international investors aiming to tap into China’s vibrant A-share market. Traded on the Singapore Exchange (SGX), these futures mirror the performance of the 50 largest A-share companies listed on the Shanghai and

The AUDUSD is lower this week, but as the week works toward the close, the AUDUSD is running into a cluster of support as the week moves toward the close. The area comes in between 0.6676 and 0.6689. I targeted this area in the post from Wednesday saying: A break… could lead to another multi-technical

The USDCAD has climbed higher during the North American session following weaker-than-expected retail sales earlier today. This, coupled with a weaker CPI earlier this week, sets the stage for a rate cut by the Bank of Canada next week (Wednesday). Technically, the price has broken above a downward sloping trendline, maintaining the bullish trend established

The GBPUSD moved higher yesterday, reaching its highest level since July 18, 2023, with a peak at 1.3043 before slowing. This move pushed the price above the July 28 high of 1.2995 and the psychological resistance at 1.3000. Today, however, the price has rotated lower, falling back below both the 1.3000 and 1.2995 levels, indicating

The Nasdaq index moved higher in the first few minutes of trading today, giving buyers some hope after the sharp move lower. Recall from yesterday (see post here and here), the Nasdaq moved down by over 500 points. In the post, I started to talk about the 200 hour MA as the next target. Today,

As the US trading session draws to a close, the USD/CHF has reached a key swing target area between 0.8818 and 0.88267. This level is crucial for both buyers and sellers. For dip buyers, it offers a low-risk entry point; if the price falls below this range, exiting is advisable to avoid potential market breaks.