Swing area and rising 200 hour moving average helped to stall the fall today. The GBPJPY was under pressure coming into the North American session today. The move lower took the price back down toward the rising 200 hour moving average (green line in the chart below currently at 151.549). A swing area between 151.506 and 151.592 was also tested. The price
Technical Analysis
AUD/USD falls from a high of 0.7468 on the RBA decision to 0.7432 The pair is trading back to the lows for the day now as price action settles into the pre-RBA range territory once again. As mentioned earlier, the optics of the situation is what arguably gave a boost to the aussie but the
Oil still down by a little over 1% on the day so far Eamonn had the story earlier today here. The news is supposedly weighing on oil prices to start the week but I would also argue that is does have some technical undercurrent to it. The climb towards the end of last week stalled
High price stalled ahead of a swing area between 1.3870 and 1.38774 The GBPUSD – like other pairs – saw the price move higher after the initial reaction to the US jobs report. The high price reached 1.38667. That fell short of a swing area between 1.38715 at 1.38774. The inability to extend above that area (and stay above) can potentially
200 day MA at 1.25326 The USDCAD yesterday moved up to test its falling 200 hour moving average (green line). Sellers leaned against that level and in doing so kept the sellers in control. The price ultimately fell below the recent swing lows down to 1.2568. Today, the pair took a another step with a fall below its 200 day
100 hour MA and swing level at 130.169 The EURJPY has been marching higher since bottoming on August 20. The price had been up for 9 of the last 10 trading days coming into today. The price is currently lower after a double top near 130.736. The subsequent fall took the price below a swing area defined from highs on Wednesday, a few lows
USD falls the most vs the NZD The USD fell versus all the major currencies is weeks with the exception of one…the CHF. The US dollar fell the most versus the NZD and AUD as those currencies benefited from risk on sentiment, somewhat improving China and expectations that as Covid spread slows, central banks would start to look toward reversing some of
S&P and NASDAQ close lower The major indices are closing mixed with the Dow and S&P lower, while the NASDAQ close higher and at a another record. The gain in the NASDAQ was the third gain in a row. S&P and NASDAQ have the second straight weekly gain Russell 2000 snapped a three day win streak Dow lower for
Retraced the entire August move to the downside now The AUDUSD has risen 48 Alaska trading days. Over that time period, the move down in the month of August from 0.74259 to 0.71059 has been completely retraced (and then some). The price action today has taken the price above the August 5 high at 0.74259. Once broken, the price has
Nikkei up over 2% on the day Invest in yourself. See our forex education hub. An upside break beckons for Japanese stocks with the Nikkei now up over 2% and breach past the topside resistance trendline for the year. Adding to that, the Topix has also risen to its highest in 30 years on the
Modest gains/changes for most of the major indices The major European indices are closing moderately higher. Provisional closes are showing: German DAX, +0.1% France’s CAC, +0.1% UK’s FTSE 100, +0.2% Spain’s Ibex, unchanged Italy’s FTSE MIB, +0.2% In other markets as London/European traders look to exit: Spot gold is down $-2.40 or -0.13% at $1810.81.
S&P fails on attempt to close at record Selling into the close today pushed the S&P index into the red after trading higher for most of the day. However it is still ending the day with a small gain. The NASDAQ index is also closing near it’s session lows but had a more solid gain
100 day moving average up near 0.70811 The NZDUSD has just moved to the highest level since August 4. That was the day that the price moved to the highest level since July 6. It also was the day that the price for the pair got close to the near converged 200 and 100 day moving
Little change for the most part The greenback is keeping steadier following mixed trading amid month-end yesterday, with EUR/USD still seen closer to 1.1800 for the time being after having hit a high of 1.1845 before reversing that advance in US trading. The franc is softer as USD/CHF is up 0.3% to 0.9180 while USD/JPY
100 hour MA and 38.2% tested The GBPUSD has moved down to retest its 100 hour moving average and 38.2% retracement near 1.3745. Yesterday, the price stalled against that moving average line and bounced. Today, just before the dollar buying into the London fix, the price cracked above the 200 day moving average at 1.38021, but then reversed lower
EUR/USD seen above 1.1800 to its highest level since 6 August With the dollar looking like it is languishing a little to start the day, EUR/USD is marked higher and trading close to 1.1820 ahead of European trading. The pair is holding at its highest levels in over three weeks and the push above the
AUDUSD lower on the day despite gains in stocks The AUDUSD is not seeing a lot of “risk on” flow despite soaring Nasdaq and solid gains in the S&P as well. Both those indices are on pace for yet another record close. The S&P will be gunning for its 53rd record close in 2021. For the Nasdaq it is on
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