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
Technical Analysis
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
The low today was lower than yesterday’s but above the low on Wednesday The USDCAD reached its high this week on Monday at 1.24863. That high was also the highest level since April 26, and took out the high from last week at 1.24801. However, that new high was only 6 pips above the April
AUD/USD analysis The Australian dollar perked up earlier today, hitting 0.7617 but it’s given it all back on USD strength due to rising yields. It’s now trading flat on the day at 0.7585. For me, this is the most-interesting chart at the moment because it captures the uncertainty in the US dollar, risk appetite and
Nasdaq 3 day string of record closes snapped The US major stock indices are closing mixed with the Dow leading the way. The S&P closed higher for the 2nd consecutive day. The Nasdaq snapped it’s three day of record closes with a modest loss. S&P index rose 14.33 points or 0.34% at 4280.81 NASDAQ index
Swing area between 19.6976 to 19.71377. The Mexican central bank raised rates somewhat unexpectedly 24.25% from 4.0% yesterday. The move sent the USDMXN sharply lower (MXN higher). However support held near a swing area between 19.6976 to 19.71377. The price low reached 19.7067 and bounced (see post from yesterday). The rebound could only get near the midpoint between the 200 bar moving average
Dow rises over 300 points and leads the way with a gain close to 1% The major indices saw solid gains across the board with the Dow industrial average leading the way after Pres. Biden and a group of 20 centrist senators agreed on a $1 trillion infrastructure plan. The NASDAQ and S&P index both closes higher and at
The 38.2% retracement and 200 hour moving average being tested The AUDUSD is trading to a new session high in the process is running into topside resistance defined by the 30.2% retracement of the move down from the June 11 high. That level comes in at 0.75902 and the falling 200 hour moving average currently at 0.75935. The high price just
The 100 day MA and the 50% retracement stalled the rally today The price of gold has move negative on the day and in the process traded to a new session low of $1777.28. The high for the day reached $1794.98. Looking at the daily chart, the high for the day stalled near its 100 day moving
NASDAQ making new all-time highs. S&P getting closer to its all-time high price of 4257.16 The US stocks have opened with modest gains and are moving higher in early trade. The NASDAQ index is trading at a new all-time high price. The S&P index is getting closer to its all-time high price at 4257.16. Yesterday gains were led by
Major indices higher. S&P falls short of it record high The NASDAQ index is closing at a record high level. The new intraday all time high price reached 14269.77. The S&P index got to within two points of its all-time record high at 4257.11. The high price reached 4255.84. A look at the closing levels shows: S&P index