Technical Analysis

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

BOJ Ueda is on the wires saying: Optimism over U.S. economic outlook seems to be broadening somewhat We need to scrutinize further whether optimism over U.S. outlook is sustained BOJ still can afford to spend time scrutinising risks Recent yen falls driven partly by optimism over U.S. economic outlook When looking at fallout from weak

In the above video, I take a technical look at the USDCAD after the 50 bp cut yesterday. That move took the price higher and outside a key swing area, but could not sustain momentum. However, the decline today is trying to hold support at an earlier base level this week. That level will be

In the above video, I speak to the technicals that are driving the USDCHF in trading today. Below is a summary of those technicals. Market Overview The USD/CHF begins the day with a relatively narrow 21-pip trading range, significantly below its average monthly range of 53 pips (39% of normal). This subdued volatility makes it

Fundamental Overview The S&P 500 has been consolidating around the all-time high as the lack of catalysts and the pressure from rising Treasury yields kept the market at bay. We are now near the US elections and it’s going to be a major event for the market. A Trump victory will likely give the stock

Fundamental Overview The Nasdaq has been consolidating around the all-time high as the lack of catalysts and the pressure from rising Treasury yields kept the market at bay. We are now near the US elections and it’s going to be a major event for the market. A Trump victory will likely give the stock market

Fundamental Overview The lack of catalysts recently kept the US Dollar supported across the board despite the slowdown in momentum. The market might now be looking forward to the first weeks of November when we will get the key economic data, the FOMC decision and the US elections. There’s been also a good argument that

The German Dax closed at record highs on Monday, Thursday and Friday last week, moving above the high close going back to September 27. Today, however, the index fell by around 1% leading the way lower for the major European indices. A snapshot of the Europe closes fo the day are showing: German Dax, -1.02%

The NZDUSD price action this week has been lower, but there also has seen a lot of ups and downs and consolidation after the sharp move lower from the end of September high at 0.6377 to the low this week at 0.6038 (12 days from top to the bottom) Technically, the NZDUSD has been behaving

aCrude Oil Futures Weekly Forecast: Bears in Control, Watching Key Support Levels 📉 Crude Oil Futures (CL1!) are showing clear signs of bearish momentum, with prices falling sharply in recent weeks. This is reflected in the weekly chart, where the market has consistently respected a long-term descending resistance line (marked in red as the bottom

Shares of Apple are trading at $235 or up $2.85 or 1.22%. Closing this level would suppress the all-time high close level of $234.82 reached on July 16. Wedbush was out with a report today saying Apple’s iPhone 16 sales in China are forecasted to see a significant rebound over the next year. The analysts

The EURUSD is trading higher and is approaching key resistance near 1.0871 to open 08746. Within that area is the 100 hour moving average at 1.0871 61.8% retracement of 1.08746 200 day moving average at 1.0872 The high price yesterday reached 1.0873. The area is key for both buyers and sellers. A move above, gives

There are some small wins for seller in the USDJPY from a technical perspective: The price stalled ahead of a topside trend line yesterday on the hourly chart (see chart above) . The inability to get to the level is a small negative. The price fell below an upward-sloping trend line on the hourly chart

The EURUSD has been trending to the downside recently, and in the process has extended toward August low levels. My most recent technical videos on the pair, have been focused on the 4-hour chart as the market trended lower. If you watch the kickstart video from earlier today I also spoke to the 200-day moving

Fundamental Overview The US Dollar has been gaining ground across the board this week despite the lack of economic data and lower Treasury yields, essentially moving forward by inertia. Stanley Druckenmiller said in an interview yesterday that the market is already positioning for a Trump victory given the moves in some stocks like DJT for

The ECB meets tomorrow with expectations of a 25 basis point cut. Going into that decision, the EURUSD is moving to its lowest level since August 2. In addition, technically the price just broke below its 200-day moving average at 1.08728. The current price trades at 1.08660. Sellers are making a play below that 200-day

The Dow Jones Futures have been trading within a well-established upward price channel since October 2022, with clear instances of both resistance and support interactions within the channel. Dow Jones futures – important potential sell zone to watch Key Highlights of the Dow Jones futures chart below: Price Channel Overview: The price has respected the

Fundamental Overview The bullish momentum in the US Dollar seems to be waning despite the recent higher-than-expected US CPI and PPI reports. One caveat is that the market has now priced out the aggressive rate cuts expectations and it’s almost perfectly in line with the Fed’s projections. Therefore, we will likely need more strong US