Moved back below 100 hour and 100 day MAs today The AUDUSD after initially moving higher today, reversed course and tumbled back below key MA levels on the hourly and daily chart. The hourly chart above has the daily 100 bar MA overlaid on the chart and it – and the 100 hour MA –
Technical Analysis
The price remains below 5-minute MA level/trend line/retracement on the intraday chart. The EURUSD has seen a bounce off lows for the day over the last hour or so. From an earlier post, the hourly chart did see a break below a lower channel trend line, but failed (at 1.1719 – see earlier post). The
Russell 2000 falls -2.8% The Dow is closing at a record close. The Nasdaq lagged with the Russell 2000 of small-cap stocks taking it on the chin. The final numbers are showing: S&P index fell -3.35 points or -0.08% at 3971.19 Nasdaq fell -79.07 points or -0.60% at 13059.64 Dow rose 98.43 points or 0.3% at 33171.31 The small-cap
Can the buyers stay above 100 hour MA/old year high from earlier this month. The USDCHF broke above the March 9 high at 0.93748 (and the highest level going back to July 2020), on Thursday last week, and stayed above that level on Friday. The high reached to 0.94172, before selling back off into the
200 hour MA and 50% retracement The EURJPY raced higher today with the run higher in the JPY pairs. The run to the upside was supported by technicals on the hourly chart that saw the pair extend above a number of swing lows and highs between 128.74 and 128.938. The price also cracked above its 100 hour
100 hour MA at $53962 The price of Bitcoin is trading up $1900 at $53900. The high price reached $54096. The low reached $51235.25. The digital currency is up testing its 100 hour MA at $53962. The high price just reached just above that MA, but has backed off modestly. There may be a
The NZDUSD is the biggest mover for the week with a 2.48% decline For the week, the USD is ending as the strongest of the majors, while the NZD is the weakest. That makes the NZDUSD the biggest mover for the week. The NZDUSD fell 2.48%. The next biggest mover was the GBPNZD which
CFTC Commitments of Traders: The JPY shorts increase. Coming Up! Title text for next article LON SDNY+11 NY -4 TYO +9 GMT Technical Analysis Weekly forex futures positioning data for the CFTC for the week ending Tuesday, March 23, 2021 EUR long 93K vs 90K long last week. Longs increased by 3K GBP long 22K
NASDAQ down 5 of the last 6 trading weeks The major indices are closing higher and near the highs for the day as buyers push prices higher in the last hour of trading. Trading conditions were once again very choppy trading today suggestive of a market that continues to have ebbs and flows: Dow, S&P,
Nasdaq on track for first monthly loss since October The US major indices are opening modestly higher. The Dow needs way as bank stocks increase. The Fed said late yesterday that they would not the restricted as far as dividends starting in June. The snapshot of the market currently shows: S&P index, +18.4 points or 0.47% at 3927.92 Nasdaq up 40.937 points or
Russell 2000 closes for the 1st time in 4 sessions The Dow, S&P and Nasdaq snapped a 2-day losing streak although the road traveled was not a straight lines and buyers and sellers battle it out. The Russell index was the biggest gainer on the day and snapped a three day losing streak Dow had
Bounced off 100 hour MA/swing level at the lows The USDCAD it is trading to new session highs and in the process testing the high price from yesterday at 1.26072. Crude oil futures are getting smashed today after selling off sharply on Tuesday, railing sharply yesterday and tumbling lower again today. The May contract is currently down $-2.43 or -3.97% at
Dow turns negative at the close It was an ugly day for the NASDAQ index. It fell 2% on the day on a decline of 265.8 points. The S&P index and Dow were down more modestly but both closed at the session lows. The declines today cannot be blamed on yields moving higher. The treasury curve is lower across the board with
The 2021 high is at 0.93747 The USDCHF moved has continued the trend move from yesterday although there is some choppy price action as the pair approaches key upside target at the 2021 high. That high came in on March 9 at 0.93747. The high price reached 0.9369 so far today. The high for 2021
On the daily chart as shown below … what do the technical analysts think of this one? As far as H&S go this does seem nice and textbook-like. NZD and AUD have fallen out of favour as oil prices have dropped renewed coronavirus waves hit Europe and elsewhere calling into question the ‘commodity supercycle’ on
Little in the way of corrective action today. The NZD is the runaway weakest currency of the day. Helping the bias is the pair cracking below the 100 day MA for the first time since Oct/Nov 2020. At that time, the breaks were very modest. You have to go back to May 2020 when the price was
Dow and S&P lag. Russell 2000 closes lower for the 2nd time in 3 days The NASDAQ close higher for the second consecutive day. It led the major indices higher with the S&P and Dow lagging well behind. The small-cap Russell 2000 index lags with a decline of -0.90%. The final numbers are showing: S&P index +27.48 points or 0.70% at
The swing area at 1.3801 to 1.38083 The GBPUSD has spent most of the last 17 trading days below the 50% of the move down since the Feb 24 high and a topside swing area between 1.3998 and 1.4009. The high from last week stalled in that area and fell. The price on Friday, saw