USDCHF is moving higher and looks toward the Feb highs The USDCHF currency pair has seen a notable increase in activity, registering a 49 pip extension in its trading range today. This movement pushes it 3 pips beyond the 22-day average trading range, which equates to approximately one month of trading, making it the first
Technical Analysis
Welcome to our latest Bitcoin technical analysis! We delve into the daily timeframe, examining the recent movements and potential future directions of Bitcoin. 🔍 Today’s bitcoin technical analysis highlights: Observation of the past two daily candles and their proximity to the crucial 20 EMA, a significant indicator for algo firms and professional traders. A potential
USDJPY trades to a new session high. Targets 149.196 next. The USDJPY is moving to a new session high and in the process is now moving further away from the 50% midpoint of the move down from teh February high at 148.676, and a swing area between 148.82 and 148.888. The high price reached 149.06
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
Goldman Sachs has raised its average gold price forecast for 2024 to $2180 from $2090. The current price is trading at $2161. Gold buyers remain in control Looking at the daily chart above, the price of gold extended to a new all-time high last Friday at $2195.15. That run extended above the December 4 high
As the trading week works toward a close, what levels are in play for the NZDUSD heading into the new trading week starting March 18. The price action this week has been more bearish with the price moving below the moving averages including the 100 and 200-bar moving averages on the 4hour chart and its
The kickstart video above for Friday, March 15 takes a technical look at the EURUSD, USDJPY and GBPUSD and outlines what levels are in play, what is the bias, the risks and the targets? Those levels are meant to pave a roadmap for your trading where you can see where the market is reacting. That
The USD buying today has also influenced the price action in the NZDUSD. For that pair, the pair fell and initially found support buyers against the 200- hour moving average and 50% retracement near 0.61418. After bouncing modestly, the sellers piled in and pushed below the dual technical levels. The subsequent momentum in the price
The strongest to the weakest of the major currency pairs As the North American session begins, the NZD is the strongest and the EUR is the weakest of the major currencies. The USD is tilting to the downside. Once again, the trading ranges for the day are very modest. Looking at the range today vs
The NZDUSD started the day with a move below the low of a swing area at 0.6148. However, the price started to find buyers later in the Asian session, and in the process moved through the high of a swing area at 0.6159. That break took the price up to test its 100 hour moving
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 AUDUSD can get a boost higher on risk on flows from higher stocks, and it can be sold on the back of higher rates (higher USD). Today, we are seeing higher US stocks and higher rates which has helped to cause volatility in the AUDUSD pair today. Having said that, technically,the price has moved
As the North American session begins, the CHF is the strongest and the JPY is the weakest. The day is characterized by very modest ranges and changes for the EURUSD, USDCHF, USDCAD, AUDUSD and NZDUSD. Each of those pair have total low to high ranges of 19 pips or less (AUDUSD only has a 14
US broader US stock indices are starting the week with declines. The Dow 30, however, is eking out a modest again. The small-cap Russell 2000 index is also lower and was the worst performer of the top 4 indices. A snapshot of the closing levels is showing: Dow industrial average up 46.97 points or 0.12%
The JPY is the strongest and the AUD is the weakest as the North American session begins. The USD is in the middle of the major currency table with a mixed picture to start the trading day and the week. The ranges are very narrow to start the week and those ranges, are well below
Both the US and Canada jobs reports were released. The US showed stronger job growth in February, but prior months were lowered by -167K. The unemployment rate also rose to 3.9% and wage growth rose by 0.1% which was the lowest in about a year. In Canada, their important statistics were stronger with a gain
The AUDUSD has had a strong week to the upside helped by risk on flows and improving and shifting technical bias. One of the big moves was a break above both the 100 and 200-day moving averages near 0.6560, and then the 38.2% retracement of the move down from the December high to the February
The NZDUSD – like the AUDUSD – declined earlier in the week before finding a base and snapping back to the upside. In the process, the pair moved above some key technical levels including both the 200 and 100 day moving averages and the 200 and 100 bar moving averages on the 4-hour chart. Later
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