Technical Analysis

The  USDCAD  has moved higher following the USDs move higher in the North American session. The Canada jobs report came in around expectations and had limited impact after the release. However, the USD buying has given the pair a push to the upside over the last hour or two of trading. The USDCADs move higher

The EURUSD has bounced and in the process, moved back above the swing lows from Wednesday and Thursday between 1.0863 and 1.0873. The price is currently trading at 1.0873 which is just below the close from yesterday at 1.0878. The high price reached 1.0879 so far. As outlined in an earlier post, a move back

The  AUDUSD  moved lower with the USD buying and “risk off” sentiment. The move lower saw the pair move to a swing area between 0.7420 to 0.7429. That area was a ceiling going back to March 7 to March 21 (see green numbered circles). The push higher in the AUDUSD has now seen the price

The USDCHF moved up on the daily chart extending to a new high for the week in the process. However, that high moved into a swing area (see green numbered circles) between 0.93658 and 0.93822. The high reached 0.9373 and rotated back down. The last 5 highs in the GBPUSD had stalled within that range

In an earlier post, I commented that getting back above the 1.09253 level should be more bullish, but with a short leash on a break i.e. the price needed to stay above that level. Well, the price could NOT stay above the 1.09253 level, and the price has since fallen back below the 1.0900 level

The price of  crude oil  moved down to test the swing low from March 15 at $93.53. The low price just reached $93.81 and is seeing a bounce back higher. The current price is trading around $95.20 that still down around one dollar on the day or -1.03%. Looking at the hourly chart, the price

The  GBPUSD  is trading modestly higher on the day (closed yesterday at 1.3070 and trades at 1.3076 currently) in what has been a choppy trading day. The initial move in the GBPUSD was to the downside building on the down day from yesterday that first saw a price break higher (above 100 and 200 hour

The price of WTI crude oil is settling at $96.23. That is down $5.73 or -5.62% and is the lowest settle since March 16. The price low has moved to $95.90. The high was at $104.02. Worries about moves toward a recession on the back of tighter central bank policy (including the Fed) are weighing

As the dollar continues to move higher (new highs vs the EUR, GBP, JPY all being made), the  USDCHF  is also in that group. Looking at the hourly chart, the pair moved above it’s 200 hour MA at 0.92802. That was the first break since March 29. The price has since moved up to test

The GBPUSD has continued it’s reversal to the downside, and it now trades below the low from Monday and the low from Friday. The pair is trading at the lowest level since March 29. That development comes after taking the price up around 53 pips into the NY high. Since then the price has reversed

The  EURGBP  is following the EURUSD’s move lower today and in the process has shifted the bias back to the downside. Recall from last week, the price low on March 28 was at 0.8321 but by the end of the day, had moved above the 100 hour MA, and the 200 hour MA. That upside

The major US stock indices are closing higher with the NASDAQ index leading the way. The Dow 30 lagged. The final numbers are showing: Dow industrial average up 103.67 points or 0.3% at 34921.95 S&P index up 36.76 points or 0.81% at 4582.63 NASDAQ index up 271.06 points or 1.90% 14532.56 Russell 2000 up 4.32

The  AUDUSD  ‘s ups and downs continue today with the pair trading above and below its 100/200 hour moving averages in the process. The 100 hour moving averages currently comes in at 0.7498. The 200 hour moving average is at 0.7494. The low for the day was reached in the Asian session at 0.7472. The

The  USDCAD  is trading up and down today. However, the swings has seen the 200 hour MA hold resistance (still – the last three tests have found sellers against that moving average). The low for the day is higher than the low from yesterday (which was higher than the low from Wednesday). So there is

The EURJPY moved below its 100 hour MA for the first time since March 9th yesterday and moved down to test a swing area between 134.61 and 134.86, along with the rising 200 hour MA. The swing area was modestly broken, but the 200 hour MA could not and the price moved back higher in

I’m not going to draw any fancy lines on the chart but a glance at the monthly oil chart stands out because of the looming mirror image from April 2020, when prices went deeply negative only to leave a largely unchanged candle. This time it’s a different geopolitical event but much of the same look

The price of WTI  crude oil  futures is settling at $99.27. That is down -$1.01 or -1.01%. The high price today reached $101.75 while the low extended to $97.78. A week ago today, the price closed at $113.90. The decline of $14.63 represents a tumble of -12.84% for the week. the high for the week

The major indices are closing higher after a late session surge take the Dow and S&P toward the highs and reverse declines in the NASDAQ index. The major  indices  snapped a two day decline. The Russell 2000 index was the biggest gainer today. The final numbers are showing: Dow industrial average up 139.92 points or