Technical Analysis

The kickstart video above for Friday, March 15 takes a technical look at the EURUSD, USDJPY and GBPUSD and outlines what levels are in play, what is the bias, the risks and the targets? Those levels are meant to pave a roadmap for your trading where you can see where the market is reacting. That

The USD buying today has also influenced the price action in the NZDUSD. For that pair, the pair fell and initially found support buyers against the 200- hour moving average and 50% retracement near 0.61418. After bouncing modestly, the sellers piled in and pushed below the dual technical levels. The subsequent momentum in the price

The strongest to the weakest of the major currency pairs As the North American session begins, the NZD is the strongest and the EUR is the weakest of the major currencies. The USD is tilting to the downside. Once again, the trading ranges for the day are very modest. Looking at the range today vs

The NZDUSD started the day with a move below the low of a swing area at 0.6148. However, the price started to find buyers later in the Asian session, and in the process moved through the high of a swing area at 0.6159. That break took the price up to test its 100 hour moving

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 can get a boost higher on risk on flows from higher stocks, and it can be sold on the back of higher rates (higher USD). Today, we are seeing higher US stocks and higher rates which has helped to cause volatility in the AUDUSD pair today. Having said that, technically,the price has moved

As the North American session begins, the CHF is the strongest and the JPY is the weakest. The day is characterized by very modest ranges and changes for the EURUSD, USDCHF, USDCAD, AUDUSD and NZDUSD. Each of those pair have total low to high ranges of 19 pips or less (AUDUSD only has a 14

US broader US stock indices are starting the week with declines. The Dow 30, however, is eking out a modest again. The small-cap Russell 2000 index is also lower and was the worst performer of the top 4 indices. A snapshot of the closing levels is showing: Dow industrial average up 46.97 points or 0.12%

The JPY is the strongest and the AUD is the weakest as the North American session begins. The USD is in the middle of the major currency table with a mixed picture to start the trading day and the week. The ranges are very narrow to start the week and those ranges, are well below

Both the US and Canada jobs reports were released. The US showed stronger job growth in February, but prior months were lowered by -167K. The unemployment rate also rose to 3.9% and wage growth rose by 0.1% which was the lowest in about a year. In Canada, their important statistics were stronger with a gain

The AUDUSD has had a strong week to the upside helped by risk on flows and improving and shifting technical bias. One of the big moves was a break above both the 100 and 200-day moving averages near 0.6560, and then the 38.2% retracement of the move down from the December high to the February

The NZDUSD – like the AUDUSD – declined earlier in the week before finding a base and snapping back to the upside. In the process, the pair moved above some key technical levels including both the 200 and 100 day moving averages and the 200 and 100 bar moving averages on the 4-hour chart. Later

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

USD CAD The BoC left interest rates unchanged at 5.00% as expected stating that further easing in underlying inflation is needed. The latest Canadian CPI missed expectations across the board with the underlying inflation measures falling. On the labour market side, the latest report beat expectations but we saw a contraction in full-time employment and

S&P index extends to a new all-time high The S&P index is on pace to close at a new all-time high closing level. That level comes in at 5137.07. The current price is trading at 5148.30 up 43.5 points or 0.86%. The high price today reached 5155.37 reaching a new intraday high price. Drilling down

USD JPY The BoJ kept its monetary policy unchanged as expected at the last meeting with interest rates at -0.10% and the 10 year JGB yield target at 0% with 1% as a reference cap. The Japanese CPI beat expectations although all measures eased further from the prior readings. The latest Unemployment Rate remained unchanged

The buyers have plowed into the AUDUSD today. The low to high trading range is around 90 pips which is near double the 22-day average (month of trading) of 47 pips. That range is the 4th largest for the year, and the largest since February 13. So it is something to shout about. The move