Technical Analysis

US 2 year yield is trading at lowest level since June The US 2-year yield is now down -29 basis points at 4.439%. That is the lowest level since June and the largest one-day decline since March. Looking at the daily chart the prices approaching its 50% midpoint of the move up from the March

The USDCAD is trading to a new session low and in the process is testing a key floor that has been developed over the last seven or so trading days. That floor comes in around the 1.35478 level. A move below that level is needed to increase the bearish bias. If broken, traders would next

The EURGBP made a break higher today and in the process extended above the high of a swing area between 0.8583 and 0.85877 (SEE video from yesterday here). The price of the EURGBP has been confined to a range over the last six or so trading days between 0.8546 and 0.8587. The break to the

The USDCAD experienced a decline following the release of the US CPI data, briefly dropping below a key support level near 1.35478. However, it quickly rebounded, surpassing several important technical indicators: the 200-hour moving average at 1.3567, the 100-hour moving average at 1.3583, and the 100-day moving average at 1.3590. The 100-day moving average now

The ECB and the Bank of England both meet and announce rate decisions on Thursday and like the EURUSD (see post here), the price of the EURGBP seems to be waiting for the next shove from the fundamental news. EURGBP awaits the next shove. Looking at the hourly chart above, the price has been trading

The week is off and running. What are the technicals saying for the 3 major currency pairs – the EURUSD, USDJPY and GBPUSD? EURUSD: The EURUSD is trading in a narrow up-and-down range. The pair moved up to test this 100 hour moving average at 1.0779 and found willing sellers. The price is also trading

Indicators: NQ technical analysis for 11 Dec 2023 Nasdaq technical analysis for the short term, 11 Dec 2023: The NASDAQ 100 E-mini Futures hourly chart shows a rising wedge pattern, which is a bearish reversal pattern. The price is making higher highs and lower lows, but the RSI is not confirming the upward move. This

The major US stock indices have turned back into negative territory after extending higher after the favorable inflation and growth numbers from the University of Michigan sentiment survey. For the Dow Industrial Average it traded as high asup 144.6 points. It is currently trading down 10 points or -0.03% at 36107. The S&P index traded

USDCAD trades to a new high but upside resistance looms The USDCAD has recently reached a new daily high, but the price movement has been notably volatile, fluctuating between gains and losses. This inconsistency in the market’s direction forms the backdrop of current trading conditions. On a positive note, today’s low, which occurred during the

The USDCHF has moved higher this week. The low was reached on Monday. The high was reached in trading today. At session highs, the price reached the low of a swing area on the daily chart between 0.88167 and 0.8838. In trading next week, if the buyers are to take more control they would need

The price of WTI crude oil futures are settling the week at $71.23. That’s up $1.89 or 2.73%. Monday, Tuesday and Wednesday saw the price tumble from Friday’s close of $74.07 to a low-price reached yesterday (before rebounding) at $68.80. The rebound today retraced some of the declines. However, for the week, the price is

The GBPUSD moved lower after the stronger-than-expected US jobs report, but after reaching a down side trendline on the hourly chart, buyers entered and pushed the price back to the upside. The pair remains below a swing area between 1.2558 1.2568. He would have to stay below that level to keep the sellers in play.

Last Quarter Performance: Broadcom reported revenues of $8.88 billion last quarter, a 0.6% decrease year-on-year, aligning with analyst expectations. Current Quarter Expectations: Analysts anticipate a 4.1% year-on-year revenue growth for Broadcom, estimating revenues to be around $9.28 billion. This growth rate is slower compared to the 15.7% year-over-year increase in the same quarter last year.

In the December 7 morning kickstart video, I take a look at three of the major currency pairs from a technical perspective – the EURUSD, USDJPY, and GBPUSD. EURUSD: The EURUSD fell below both the 100-day moving average and 50% midpoint of the trend move higher from the November 1 low at 1.0766, but found

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CAD The BoC left interest rates at 5.00% as expected at the last meeting but remains prepared to raise rates further if needed. BoC Governor Macklem delivered a less hawkish speech in the press conference compared to his previous remarks. The recent Canadian CPI missed expectations across the board and the underlying inflation measures eased,

The NZDUSD on Monday peaked right near the high from the last time the price was at the levels on July 31 near 0.6221 (see blue numbered circle on the chart below). NZDUSD falls to test support swing era Willing sellers in the NZDUSD leaned against the level and have since pushed the price lower

The Chinese stock market, with its dynamic nature, has always been a point of intrigue for global investors. In a compelling video by ForexLive titled “Don’t Miss the Next Chinese Bull Run: Mastering Technical Analysis for the MCHI ETF Rebound,” viewers are given an insightful guide on harnessing opportunities in the rebounding Chinese stock market.