Dow industrial average still higher The major stock indices are trading lower with the S&P index now and negative on the day. It is on track for its six straight day of declines. The index is down -11.1 points or -0.25% at 4447.46. Looking at the hourly chart, the S&P opened back above its 200
Technical Analysis
EUR/USD eases to fresh two-week lows of 1.1790 Invest in yourself. See our forex education hub. The greenback is starting to flex its muscles a little on the new week, as it pushes slightly higher across the board now with light gains against the euro and pound. EUR/USD sees sellers keep near-term control as price
The high today stalled against a swing area at 0.74095 The AUDUSD as seen a up and now down trading day. The pair is close to the closing level from yesterday. The move to the upside was able to extend back above its 100 hour moving average (blue line in the chart above). However, after moving up
The UK FTSE 100 is the exception. Major indices are lower for the week The major European indices are ending the day with mixed results: German DAX, -0.1% France’s CAC, -0.5% UK’s FTSE 100, +0.1% Spain’s Ibex, -1.2% Italy’s FTSE MIB -0.8% For the week: German DAX, -1.1% France’s CAC -0.5% UK’s FTSE 100 -1.5%
The 100 hour moving average and 200 day moving average are convergent 0.7114 The NZDUSD has been rotating back to the downside after an attempt to get above Tuesday’s high at 0.71523 failed. The pair was higher earlier in the day as stocks opened with solid gains, but those gains were eroded and the prices started to move back down. The pairs
NASDAQ index trading to a new session low The US stocks have heading lower. The NASDAQ index is now trading at new session lows down about -60 points or -0.39% at 15187.40. The Dow is down -146 points or -0.42% at 34731. The S&P index is down -16.75 points or -0.37% at 4476.43. Both the
The lows today tested the low prices for the week the price of WTI crude oil has run the gamut of the weeks highs and lows in it trading range today. Earlier in the day, the price tested the lows for the week near the $67.56 level. The low price today reached $67.68. The high
NASDAQ down for the second consecutive day The US major indices are all closing lower with the Dow and S&P down for the fourth straight trading day. The NASDAQ has been down for two consecutive days A look at the closing levels shows: Dow industrial average fell -150.84 points or -0.43% at 34880.23. The low
The 200 hour MA stalled the rally earlier today The EURUSD moved lower and successfully tested its swing area between 1.18002 and 1.18044. The low price reached 1.18045 before bouncing. The bounce higher has now taken the EURUSDs price back toward the high for the day which is also near the 200 hour moving average (green
The dollar bid is in flux The abrupt reversal in the US dollar today likely has market participants feeling off balance. In addition, US 10-year yields looked to be breaking higher yesterday only to give it all back and more today. The setup going into tomorrow is uncertain. On the charts, there are a series
The USDCAD falls back to the low seen after the BOC rate decision The USDCAD initially dipped before moving higher after the BOC rate decision at 10 AM ET. The high price spiked above the swing highs from August 27 and the earlier session high near 1.2708. The price moved above the 50% midpoint at 1.27204 on its way
Mixed results for the major indices The NASDAQ index closed at another record high. The S&P and Dow industrial average did not fare as well. Each closed lower with the Dow industrial average the worst performer of the 3 major indices. The final numbers are showing: Dow industrial average fell -269.11 points or -0.76% at 35100 S&P index fell -15.4 points or -0.34%
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
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