AUD/USD closes in on its 200-day moving average The pair is getting an inadvertent lift from a stronger kiwi but also a slightly weaker dollar as we get things going on the day. That is seeing buyers seize near-term control now and the upside push now touches the 200-day moving average (blue line) @ 0.7568.
Technical Analysis
Major European indices rise to start the trading week The major European indices are ending the session higher as the new trading week begins. The provisional closes are showing: German DAX, +0.09% Francis CAC, +0.22% UK’s FTSE 100, +0.55% Spain’s Ibex, +0.77% Italy’s FTSE MIB, +0.65% Looking at the German Dax daily chart, the price
Seventh record day in a row for the S&P index The S&P index and Dow industrial average are trading their high levels and are looking to both closed at record levels. For the S&P index, it would be the seventh consecutive record high close for the index. For the NASDAQ, a new high be the second consecutive record close. A snapshot
The CAD is the strongest The USD is now the weakest of the major currencies. The CAD remains the strongest. The greenback is trading to new session lows verse the GBP, CHF, CAD, AUD and NZD. The pair is just off it’s session low vs the JPY. The EUR and USD are battling it out for the weakest of
New highs for the EURUSD The EUR lagged other currencies in making new lows vs the USD, but the EURUSD has just moved to a new high (new dollar low). The pair traded to a new high of 1.18602, taking out the earlier high at 1.18588. The next targets comes against the 38.2% retracement of the move
Down seven cents or -0.09% The price of WTI crude oil futures are settling at $75.16. That’s down seven cents or -0.09%. The high price reached $75.62. The low price extended to $74.41 Looking at the hourly chart below, the price has been fluctuating up and down trading today as the OPEC+ meetings continue without a
NASDAQ closes at a record and so does the Dow… The S&P index is up for the seventh straight day and closes at a record level once again. It is the 7th record high close for the S&P. The NASDAQ index also closed at a record today that is the second consecutive record close for
Buyers trying to keep control In an earlier post, I spoke of intraday support near the 100/200 bar MA on the 5 minute chart and the 50% retracement level of the day’s trading range: On the downside, the 50% midpoint of the day’s trading range comes in at 1.37602 (see five minute chart below). That
Nasdaq lags and closes marginally higher The major US indices are closing the day higher with the S&P index leading the way. The S&P index is up for the six consecutive day and closes at a record level. New highs 214 versus new lows of 11 Dow closes near session highs Dow up for the third
The 100 hour moving average could not be broken on the move lower The USDCAD is lower on the day, and in the process broke back below its 100 day moving average of 1.23884. The price has been trading above and below that moving average over the last two trading days. The move lower extended toward its rising 100 hour
S&P closes at a record high The US stocks are ending the session mixed with the Nasdaq down, and the Dow and S&P higher. The S&P closed at a record high. Today is month end, quarter end and the end of the 1st half of the year. The numbers for each are showing: S&P is
USD moves higher vs those pairs The USD has moved to new session highs vs the EUR, JPY and CHF. EURUSD: The EURUSD finally showed some additional downside momentum and has increased the day’s trading range in the process, the range is up to a more respectable 53 pips (was only 26 pips at the
All major indices close higher The S&P in NASDAQ are both closing at record high levels S&P close higher for the fourth consecutive day Dow is up 185 points at the highs for the day. Give up most of those gains NASDAQ up for the second straight day The Dow industrial is on track for
Moves toward the June extremes The AUDUSD opened today between the 100 hour MA above (at 0.7575 currently), the 200 day MA below (at 0.7558). In between was the 200 hour moving average (currently at 0.75527). In the Asian session, the price traded above and below the lower 200 bar moving averages before finding sellers
Dow lags as Boeing, Chevron, AMEX slumps The S&P and NASDAQ index closed at record high levels and near highs for the day. Facebook shares gave the NASDAQ index a boost in the last few hours of trading as the district court dismissed the FTC antitrust case against Facebook (up 4.18%). Intel (up 2.81%) PayPal (up
Retest of the 200 day MA found buyers. The 200 and 100 hour MAs in play The AUDUSD moved lower in the early New York session, and in the process retested its 200 day moving average near it 0.7557. The price low reached 0.7554 and could not go any further. The price quickly rebounded and is now back up retesting the
Price dipped below the March low at $776 The price of lumber has moved to the downside today and in the process is moving away from its 200 day moving average at $867.67 (green line in the chart below). It is also falling below the 61.8% retracement of the move up from the April 1 low at $817.60.
Runs away from its 100 hour moving average now The price of bitcoin tried to move above its 200 hour moving average earlier in the day. Yesterday, there was another attempt above that moving average but both tries failed. Since failing today, the price has been stepping down in a steady fashion. More recently, the price fell back below its