Technical Analysis

Trades around 200 hour MA again The USDCAD peaked at 1.25474 recently and backed off. That hi was just short of the 50% midpoint of the move down from the March high the March low at the 1.25503 level.  Patient risk focused traders leaned against the level (risk could be defined and limited).    The price has moved back down toward
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EURUSD makes a new week low but bounces The EURUSD made a new low in early NY trading after the Nasdaq made a new low in early trading.  SInce then, however, stocks rebounded with the S&P now in positive territory. THe NASDAQ moved up 0.8% (currently up 0.73%).  The EURUSD moved back above a swing area between 1.1881 and 1.18857 and continued their
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Mixed results for the week The major European indices are ending the session lower. For the week, the results are mixed: German Dax, -0.9% France’s CAC, -0.8% UK’s FTSE 100, -0.9% Spain’s Ibex, -1.2% Italy’s 50 MIB, -0.65% For the week, the provisional closes are showing: German Dax, +0.8% France’s CAC, -0.55% UK’s FTSE 100, -0.6% Spain’s
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CFTC Commitments of Traders: JPY long switched to short (dollar long). Dollar buying against all other currencies. 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 16, 2021 EUR long 90K vs 102K long last week.
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