Technical Analysis

The NASDAQ index traded as high as 178.60 points to 13154.29. The price just reached a new session low at 12968.12. The current price trades at 12980 up 4.59 points or 0.04%. At session laws, the price was down -7.57 points. At the session high today (at 13154.29), the price got within 17 -18 points

On the daily chart below, we can see that gold sold off from the 2076 record high as stronger than expected US economic data made the market to reprice interest rates expectations on the hawkish side. Gold is inversely correlated with real yields and this hawkish repricing in the rates path saw real yields rising,

Bank of America (BofA) has shared insights into 8technical strategies based on historical performance data, revealing a variety of potential investment patterns. Key findings include: Golden Cross: This event, when the 50-day moving average (MA) crosses above the 200-day MA, tends to precede rises in the DXY (Dollar Index) 65-79% of the time, typically 20-80

The AUD is the strongest and the USD is the weakest as the North American session begins.. The currencies are seeing a rebound versus the greenback after the declines this week despite concerns about the US debt ceiling all week. As the deadline for the U.S. debt ceiling looms, ongoing talks between lawmakers remain unfruitful

The GBPUSD moved higher in trading today held by better-than-expected retail sales. The price extended up to and through the falling 100-hour moving average currently at 1.23839 (blue line in the chart above). The price also entered into a swing area that has a number of different swing lows and swing highs going back to

The S&P index is trading up 45.11 points or 1.08% at 4196.40. Its high price reached 4202.92. That took the price back above its 100-week moving average at 4200.13. Last week, the price also moved above that moving average level, but closed just below it at 4191.99. The current price is right around the closing

The NZDUSD has tumbled 3.6% this week with the last 4 trading days to the downside. That is the biggest move lower since September 19, 2022. This week, the RBNZ raise rates by 25 basis points, but the hike was considered dovish as signals of a pause surprised the market. The pair has moved to

The US major indices are closing mixed with the Dow down for the 5th consecutive day in what was an up-and-down trading day for it. However, the S&P closed higher. The Nasdaq index surged 1.71% as Nvidia led to the flow of funds into it and other AI type stocks. Nvidia rose 24.37% Microsoft rose

The Dow Industrial Average has moved into modest positive territory. The Dow 30 is now up 23 points or 0.08% at 32822. The high price reached 32870. Below are the laggards in the Dow, led by Intel which is down -5.52% Intel (INTC) – The stock opened at 28.25, reached a high of 28.27, and

Gold is currently experiencing a downward trend, influenced by a strengthening dollar and climbing yields. Notably, the two-year yield has increased by 2.3 basis points to 4.305%, while the 10-year yield rose by 0.5 basis points to 3.7015%. Concurrently, the US dollar index shows a 0.31% increase for the day. Observing the hourly chart, gold

On the daily chart, EURUSD has been oscillating within a significant range that dates back to March 2022, marked by 1.07509 and 1.0805. The pair’s highest and lowest prices today were 1.08007 and 1.07474, respectively, meaning it fell just 5 pips shy of the range’s upper limit and exceeded the lower limit by a mere

As the debt talks continue to muddle along, and traders getting wary of overbought conditions, the broader S&P and NASDAQ index has been moved to new session lows for the day. For the S&P, it reached a recent high of 4212.91. That took the price above the key natural target at 4200. The 100-week moving

The NZDUSD pair has been trading at lower rates today, slipping beneath its 100-day moving average at 0.62734 and 100-hour moving average of 0.6259. However, it’s been fluctuating around its 200-hour moving average of 0.62505 and is currently positioned at 0.6247, indicating a slight downward bias. As we approach the Reserve Bank of New Zealand’s

The NZDUSD – like a number of other currency pairs – is mired in a narrow trading range. The pair has a low-to-high trading range of only 35 pips. The average of the last 22 trading days (around a month of trading is 59 pips. The market is unsure which way he wants to go.

The pattern of late in the GBPUSD is that the moves above the 100 hour MA have FAILED. That gives the sellers more control as long as the price can remain below that MA level. When looking at the 4-hour chart, the last move higher on Friday also tested a key 200 bar MA and

The AUDUSD has seen a corrective move higher in trading today. Recall from yesterday, the price extended to a new low for the month taking out the 0.6607, but only by a few pips. The low price reached 0.66043. In the video, I spoke about getting back above resistance at 0.6618 – 0.6625 as a

In this analysis, I will provide a detailed technical analysis of Tesla’s stock price forecast, accompanied by a trade idea that utilizes a unique Fibonacci entry method. I discuss the recent price movements, identify potential patterns, and suggest a trade strategy for traders considering a Long position with TSLA stock. Please note that trading involves

The major European indices closed higher on the day and higher for the week. For the German DAX, a close the week at 16275.37. That was good enough for the highest close on record surpassing the previous high close value from January 5, 2022 at 16271.75. The high intraday level was broken today at 16290.19