Technical Analysis

GBPUSD tests 100 hour MA. Key barometer for buyers/sellers. The GBPUSD has moved to a new session high, and in the process, has extended above its 200 hour moving average at 1.2728. However, the pair is finding some “stall” near its 100-hour moving average at 1.2744 (blue line on the chart above). That moving average

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not

The AUDUSD is falling to a new session low and new low for the week as well. In the process, the price has broken below its 100-hour moving area at 0.6637, and the 100 bar moving average on the 4-hour chart at 0.66346. Those moving averages now become topside resistance in the short term, and

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not

NZDUSD finds sellers near the 61.8% retracement The NZDUSD last week traded up and down in a narrow 70 PIP range. The low price stalled within a swing area between 0.6073 and 0.6086. On Friday the price moved higher closing near in the middle of the week’s trading range between 0.60816 and 0.61515 (70 PIP

The AUDUSD is moving higher today helped in part by higher US stocks. The University of Michigan inflation expectations was also more tame, which is lowering the value of the US dollar (increasing the AUDUSD). The price has now moved up to test its 100-bar moving average on the 4-hour chart at 0.6625. Move above

Fundamental Overview The USD got a boost last week from the strong US PMIs which lifted Treasury yields and put in question the rate cut in September. Once the market digested the report and saw that there was more good news on the growth side than bad news on inflation, the USD strength faded fast.

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not

The GBPUSD moved lower and to new week lows in the European trading session, but after testing is a 200-hour moving average, sellers turned to buyers and started a run to the upside. That move to the upside was helped by lower inflation expectations from the Michigan consumer sentiment report. Technically the price moved back

The EURUSD sellers had their shot with the price moving below the 100-day MA yesterday and trying to stay below in the Asian session today. That move did not last as traders leaned against a swing area and the 100 bar MA on the 4-hour chart. Sellers turned to buyers and the price started to

As the week moves to a close, the USDCHF is higher on the week, but did find willing sellers against a topside swing ceiling. That ceiling stalled near 0.9146-0.9156. The price has rotated lower. However, the close support at the 61.8% of the move down from the April/May 2024 high is stalling the decline today

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not

Crude oil futures trade between the 100 and 200 week MAs Crude oil futures are trading up around one dollar on the day at $77.85 (up 1.25%). The low price today extended down to $76.18. That was the lowest level going back to February 26. This week, the price is currently down $-1.62 or minus

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not

The USDCHF – like other pairs today – have seen down and up price action. The down in this pair coming into the US session saw the pair stall the fall at a random level. Helping to reverse was the S&P Global data, but often times there is a technical reason as well. Not today.

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not

The RBNZ kept rate unchanged but raised their rate projections going forward. That was more hawkish and sent the NZDUSD higher. However after reaching swing area resistance between 0.6148 in 0.6159, buyers turned to sellers. Gov. Orrs comments were thought to be less hawkish, helping to push the price back down. That move lower has