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
Technical Analysis
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
S&P unchanged, NASDAQ up marginally, Dow down marginally The major indices are trading mixed in early New York trading. A snapshot of the market currently shows: S&P index -0.40 points or -0.01% at 4224.39 NASDAQ index up 7.7 points or 0.05% at 14149.18 Dow -33.48 points or -0.10% at 33843.49 In other markets, as trading gets underway shows: Spot gold
Dow up nearly 600 points as Fed concerns ease a bit. All the major indices are closing higher on the day led by the Dow industrial average which rallied near 600 points. Stocks were supported by less hawkish than expected comments from Feds Bullard and Kaplan. S&P rises for the first time five trading days S&P
Nasdaq lower. Dow and S&P higher The NASDAQ stocks are moving lower in early New York trading as Kaplan and Bullard are to start their economic Outlook discussion. Bullard turned more hawkish on Friday. Kaplan has already been one of more hawkish Fed members. A snapshot of the market currently shows: S&P index up 11.66 points or 0.28% at 4178.11 NASDAQ
Big fall today and down for the week The major European indices are ending the week on a sour note with big declines on the day. For the week the indices are also lower. Looking at the provisional closes: German DAX -1.9% France’s CAC -1.5% UK’s FTSE 100 -2.0% Spain’s Ibex -1.9% Italy’s FTSE MIB -1.8% For the week, the indices are