Technical Analysis

Back below 1.0900 The price of the EURCHF are trading to new session lows on the day and in the process is trading at the lowest level since February 23.  Looking at the daily chart, the price also is extending below its 50% midpoint of the move up from the November swing low to the March swing

Can you trust the buying though? The GBPUSD is keep in the buyers in control as the price has now remained above its 200 hour moving average for the last 5 hourly bars. That moving average is currently at 1.41537. The price just reached a new intraday high of 1.41753. The next target comes in at the high from

GBP/USD is down 0.3% to 1.4075-85 currently Invest in yourself. See our forex education hub. The inability to keep with a break above 1.4200 is starting to weigh a little on the upside momentum in cable as buyers are showing some exhaustion and perhaps taking profits as the recent consolidation is leading nowhere ahead of

NASDAQ gives up gains. S&P also negative after trading above its all-time high closing level The major stock indices of now turned negative with the NASDAQ giving up its earlier gains. The S&P index, after trading above it’s high closing level, has also dipped into the red. With 15 minutes left and trading, the snapshot of the market is showing: S&P index -6.65 points or

The low yesterday and today reached 0.7187 The low on Monday occurred in the first hour of trading at 0.7187. The low today reached in the early hours of trading extended to 0.71866. In a non-trending environment, what goes up, tends to come back down. The move to the downside today today was helped by the pair

NASDAQ closes at the highest level since April 30 The major indices close mixed with the S&P unchanged. The NASDAQ index higher. The Dow industrial average lower. S&P close just below record closing level of 4232.60 NASDAQ closes at highest level since April 30 Energy sector was the biggest gain or help by WTI crude

WTI down by 0.9% to $68.60 currently Invest in yourself. See our forex education hub. The $70 level is a key psychological resistance and that is keeping a lid on the latest bullish in oil over the past two to three weeks. Price is backing away from the figure level to $68.60 currently but it

Dow lags and posts the worst day in more than two weeks The major US indices are closing mixed with risk on flows sending the Russell 2000 and NASDAQ indices higher. The broader big cap stocks of the S&P index and Dow declined. The NASDAQ closes 2% from the high S&P closes less than 1% from the high

Dollar stands its ground to start European morning trade The non-farm payrolls “miss” triggered some dollar selling on Friday but I would argue it is mostly because of higher expectations set as a result of the market being somewhat misled once again by the ADP report earlier on last week. There weren’t any major indications

German DAX trade to a new all-time high today. France’s CAC traded to its highest level since 2000 this week the European shares are ending the day mostly higher. The exception is the Spain’s Ibex which is down around -0.5%. For the week, the major indices are mostly higher again with Spain’s Ibex trading in

Swing area between 0.7207 and 0.72122 The NZDUSD followed the dollar lower trend and spiked to the upside.  The move higher took the price back above its 100 day moving average at 0.71780. It also moved above the 38.2% retracement of the move down from last week’s high at 0.71977. The high price moved to 0.72087. That high stalled within

Near 100/200 hour MAs and 50% of the week’s trading range The GBPUSD closed last week near 1.4183. The high for the week reached up to 1.42493 on Tuesday. That high took out the high price from February 2021 at 1.4240 (not shown), but only by 9 pips.  The move also took the pair to the

CFTC commitments of traders: EUR longs increased. CAD longs increase Coming Up! Title text for next article LON +1 SDNY+11 NY -4 TYO +9 GMT Technical Analysis Weekly futures forex positioning data from the CFTC EUR long 109K vs 104K long last week. Longs increased by 5K GBP long 24K vs 31K long last week.

All major indices higher All the major indices are closing the session with gains. The day was led by the NASDAQ index NASDAQ has its best day since May 20 NASDAQ higher for the third straight week S&P has its best day since May 24 Dow and S&P higher for the second straight week A look

Dollar holds steady after the gains yesterday The greenback is sitting a little more mixed across the board but changes are rather minimal so far on the day. EUR/USD is resting in a 28 pips range with USD/JPY only trading in a 19 pips range as European traders enter the fray. Risk sentiment remains rather

Dow snaps five they win streak  The NASDAQ index is leading the decline with its biggest decline in three weeks. It also increases the up one day/down the next day string to 11 consecutive days. S&P index is down for the second time in three days Dow industrial average snaps it’s a five date when

The dollar keeps slight gains across the board for now This is something similar to what we saw yesterday and the ranges of the moves are still keeping in tune with what has been transpiring throughout the week. EUR/USD is back under 1.2200 and keeping below its key hourly moving averages but swing region support

Major indices little changed  The US stocks gave up most of their earlier gains but still found some buying near the close and are closing higher on the day.   The Dow industrial average has extended its winning streak to 5 trading days.  The Dow is 2% from its all-time high The S&P is up 4 of the last 5 trading days.  The S&P