Technical Analysis

The morning forex technical analysis, I spoke to the EURUSD support in the 1.0098 to 1.0121 area (see near 2:00 in the video here). That area has indeed held support with a low for the NY session at 1.01036. PS the 200 bar MA on the 4-hour chart also stalled the fall. That level comes

The US auctions today were met with tepid demand. The 3- year auction had a tail of 1.4 bps above the WI level at the time of the auction. The foreign demand was lower than the average. The 10 year auction had a tail of 2.3 bps above the WI level. Once again, the demand

The NZDUSD moved above both its 100 and 200 hour moving averages today (blue and green lines in the chart above). The rise above the 200 hour moving average was the 1st since August 17. The price tested that moving average level on a number of occasions (see the green line in the chart above).

ETHEREUM TECHNICAL ANALYSIS and TRADE IDEA for 11 Sept, 2022 This piece presents a technical analysis of the 11th of September’s trading of ethereum against the US dollar We have a channel that is also a bull flag on the daily time frame. The video’s green arrows point to the lower frequency band, while the

The major US stock indices are up solidly with the NASDAQ leading the way with a 1.51% gain. The S&P index is up 1.08%. Looking at the hourly chart of the S&P index above, it is testing its 100 hour moving average at 4051.68 (blue line in the chart above) and the 38.2% retracement of

The EURUSD raced higher today and in the process moved up to test the old low of a swing area going back to July/August. That area comes in at 1.00958 and 1.0121. Looking at the daily chart the high price today reached 1.01128 and backed off. Going forward if the buyers are to take more

It will be a close call but the Nasdaq is threatening to trace out an outside week on the weekly chart. We tracked lower on Tuesday in the appreviated week as part of a seven-day losing streak but we’ve had three strong days of gains since. That’s nearly traced an outside week. To complete it,

The major European indices are ending the day with solid gains. Italy’s FTSE MIB leads the charge. The German DAX, France’s CAC, and Spain’s Ibex all rose by 1.4% or greater as well. The major indices are also closing higher for the week despite the 75 basis point hike by the ECB. Looking at the

Where is this stock market going next? I look at the S&P 500 emini futures, and state my personal opinion on where the market is going next. I think we are going up. I show where my next junctions are, and at what price I would change my mind. Due to the natural correlations between

The EURJPY made a new high in the Asian session today and later at the start of the US session. The highs stalled at 144.32. The rotations to the downside saw buyers near the 38.2% retracement at 143.169. The initial low came in at 143.37. The more recent low reached to 143.169 precisely on the

The USDJPY continued the trend to the upside today, but after stalling at/near the natural resistance at 145.00 (the high reached 144.984), the price has moved to the downside. In the process, the price moved to test the 50% midpoint of the move up from the day’s low. That level comes in at 143.822. The

The EURUSD has moved above the 100 hour MA at 0.99351 (see blue line in the chart above). Getting above (and staying above) is a short term positive for the pair. On the topside, the 0.99515 level is the old July low that is so far stalling the move higher. A break above that will

The USDJPY is on fire today and that is also helping to send the JPY crosses higher as well. The EURJPY is not the exception. Looking at the daily chart, the air moved back above its 100 day moving average last week (see blue line in the chart above). That moving average currently comes in

The USDJPY is continuing its trend run to the upside reaching a new intraday high 143.068. That is also the highest level since August 1998. For your guide the high price in August 1998 reached 147.67. Looking at the hourly chart the price has been up 14 the last 15 hourly bars. The last hourly

The United States is moving toward higher interest rates at a greater level and speed than the lower Japanese interest rates, which is making dollar-denominated assets more appealing for investors. As a result, the Japanese yen has been falling in comparison to the United States dollar. But a pure technical analysis should not care. A

My colleague Greg Michalowski has the day off for the US Labor Day holiday today but he produced a great video outlining the technical levels in play this week. I expect markets to quiet from here with OPEC and the UK PM selection wrapped up so it’s a good time to have a look at

The dollar continued to move higher last week. The US jobs report did show a modestly higher than expected NFP value, but there were other dampening details including more people entering the workforce which may take some pressure off wages. US yields move higher out the curve as traders prepare for a tighter Fed for

Russell 2000 technical analysis with a trade idea, highlighting how to scale in a trade by casting a net of orders. It is done in a special way, so there is value in watching the entire video, which also includes a review of the recent trade ideas provided last week on ForexLive.com The above video