Technical Analysis

The AUDUSD moved higher in trading today. In the Asian session, the price extended above its 100 hour moving average (blue line in the chart above), and that ignited more buying interest early on. The momentum picked up as the US session began. That momentum took the the price above another swing area near 0.6649

The GBPJPY is surging in trading today after the Bank of Japan kept rates and policy unchanged. Looking at the hourly chart, the price broke above a topside swing area near 167.96, and after breaking and then retesting the level, the price has stepped higher and higher and higher. The current price (as I type)

Nasdaq Futures Technical Analysis Overview Recent pivot point at 10,735 on 10th October, marking the low of last year Gradual rally, picking up pace over time Weekly timeframe showing a break above the yellow channel, signaling a bullish trend Last week’s low did not reach the 20 EMA, suggesting continued strength Key Levels and Price

The GBPUSD is stretching to the upside and in the process is taken closer to the high price from April 14 at 1.25462. That high is the highest level going back to June 2022. A break above would increase the bullish bias. Looking at the hourly chart above, a swing area between 1.2495 and 1.2500

The AUDUSD experienced a decline during the Asian and early European trading sessions, following a successful test of the 100-hour Moving Average (MA) during the initial upward movement (refer to the blue line on the hourly chart above). This prompted traders to lean against the risk-defining level, leading to the currency pair’s subsequent drop. The

The USDCAD has experienced a sharp decline and is currently testing a swing area between 1.3553 and 1.35638. The 200-bar moving average on the 4-hour chart is located within this range at 1.35594. The price dipped to 1.3550, just below the low of the swing area, but only saw a slight pause so far. Nevertheless,

The price of WTI crude oil futures are extended to the upside and in the process breaking up back above its 100 hour moving at $76.43 (blue line in the chart above). Stay above would have traders looking toward the 200 hour moving average currently at $77.63. In trading this week, the price moved below

Q1 Revenue Estimate: $11.1 billion (40% decline YoY) EPS $-0.15 versus $0.87 in Q1 2022 client computing $4.9 billion versus $9.3 billion in 2022 Q1 Loss Estimate: $3.2 billion PC Shipments: 29% decline YoY Data Center Division Sales: $3.5 billion versus $6.0 billion in 2022 (42% decline YoY) Intel Corp. is expected to report its

The NZDUSD has experienced a rollercoaster of price action today, with values initially staying above yesterday’s low of 0.61107 before climbing higher. This upward momentum managed to surpass a critical swing area between 0.6119 and 0.61266, as sellers became buyers. During the Asian and early European sessions, the price continued to rise above the 100-hour

The NZDUSD is stepping lower and in the process has moved to the lowest level since March 10. The low price of just reached 0.61107. Looking at the daily chart, the price action today is moving away from its 200 day moving average after trading above and below it over the last 4 trading days

Meta will announce their earnings after the close. The estimates for its Q1 2023 earnings: Revenue: $27.67 billion EPS (Earnings Per Share): $2.01 Advertising Revenue: $26.76 billion Family of Apps Revenue: $26.88 billion Reality Labs Operating Losses: $3.8 billion Meta has been focusing on improving its efficiency and cost-cutting measures. The company previously announced layoffs,

The JPY is surging against all the major currencies as flight to safety flows push funds in that direction. Concerns about First Republic/banking crisis is a catalyst although the USD is also higher (for the same reason). The biggest mover is the AUDJPY which is down -1.77% which is the largest percentage move in that

The price of WTI crude futures settled at $77.07. That is down $1.69 or -2.15%. The low price today reached $76.50. That move took the price below the 100 day moving average at $76.85 (blue line in the chart above). However, the price momentum could not be sustained and the price rotated modestly back to

The GBPUSD has successfully risen above last week’s high of 1.24736. This recent peak aligns with a notable swing area dating back to April 12th (as indicated by the red numbered circles). In today’s trading session, the currency pair surpassed the swing area, fluctuating between 1.2471 and 1.24763, and eventually reaching a high of 1.24849.

WTI crude oil futures settled at $78.76. That is up $0.89 or 1.14%. Looking at the hourly chart, recall from last week’s trading, the price moved back within the gap created from the production cuts from OPEC+ at the end of March. That gap came between $75.70 and $79 (yellow area in the chart above).

The price of WTI crude oil futures dipped to a new post OPEC+ production cut low reaching $76.72. That took the price briefly below its 100 day moving average at $76.85, but momentum cannot be sustained in the price has since rebounded higher. We are currently trading to new session highs at $78.23. That’s up

Just when you think the data might be to tipping lower, the S&P/Global flash PMI indices , come in higher than expectations. The 2 year yield moved from down about 5 or so basis points to up 1.8 basis points currently at 4.183%. The 10 year yield is now up 2.1 basis points at 3.566%.

The USDCHF moved to a new low for the week ahead of the US flash PMI data. The prior low was a 0.8920. The new low extended to 0.8907. However, that break was short-lived and the data release led to a bounce higher and to a new session high at 0.89535. That is the good