Technical Analysis

The GBPJPY rotated to the downside yesterday, and in the process moved down toward the rising 100 hour moving average along with a upward sloping trendline (see post from yesterday). The price stalled near those levels into the close. In the early Asian session, the pair broke below the level and consolidated for a few

Whereas, currency pairs like the EURUSD and the GBPUSD has had its share of of ups and downs this week, the USDCAD has been trending more to the upside. The pairs is up 5 of the last 6 trading days after bottoming on Friday at 1.32996 (call at 1.3300). The high price reached 1.35627 today

The GBPUSD is back higher, erasing all of day’s declines and trades back at/near unchanged. The move back higher has taken the price back to the 200 hour MA at 1.2440. The high just reached 1.24418 and the current price is at 1.2435. For the trading week, the low was on Monday at 1.2352. The

Th major US stock indices are rotating lower. The S&P index is traded to a new session low. The NASDAQ is also now breaking below the low from the 1st hour of trading today. Looking at the hourly chart of the S&P index the price is testing a upward sloping trend line. A move below

WTI crude oil futures settle at $77.29, declining by $1.87 or 2.36%. Throughout the day, prices fluctuated between a low of $76.97 and a high of $79.07. Examining the daily chart, the low price narrowly missed its 100-day moving average (MA) by $0.14, settling at $76.83 (refer to the blue line in the chart). Buyers

After the close, Tesla will announce her earnings for the 1st quarter: EPS is expected $0.85 Revenues are expected $23.21 billion according to Refinitiv estimates Analysts are in addition to the earnings will be paying close attention to margins. Today Tesla cut prices on its vehicles for the 6 that time since the end of

The NASDAQ composite index has moved into positive territory briefly with the high price reaching 12156.39. That took the price up 2.98 points. The current price trades at 12152.36 down 1.31 points or -0.01%. Looking at the hourly chart, the low price today near the open tested the rising (blue line in the chart above

USDCAD buyers are currently pushing the price higher, with resistance encountered near the 38.2% Fibonacci retracement level of 1.33963, which is just below the 200-day moving average at 1.3400. In the past 4 hours, the lowest trading price reached 1.3381, while the highest was 1.33988. However, selling pressure is emerging, as the price has already

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The EURUSD is seeing a modest move to the upside as stocks rebound, and so is the EURUSD. The EURUSD sold off fairly hard in the NY session moving from 1.09837 which was just below the 100 hour MA. That hold under that MA kept the sellers in play/control in the short term. The price

The gold market has experienced significant fluctuations, with its highest price at $2015.02 and a low of $1980.90. This low coincides with the previous low from last Monday’s trade at $1981.20, creating a double bottom at that level, and subsequently increasing its significance. Moving forward, a break below this level could result in increased selling

The AUDUSD has experienced increasing downward momentum after breaking below its 200-day moving average of 0.67438 (visible as the top green line on the hourly chart). This momentum intensified after breaching the 50% midpoint of of the week’s trading range at 0.67118 and is now testing the 0.6700 level, where the converged 100 and 200-hour

In this video, I look at the recent S&P 500 technical analysis and provide a price forecast based on the findings (spoiler: IMHO, we are headed to 4200). A surprising selloff occurred following a rally on Friday, and we’ll explore the reasons behind it while considering possible future price movements. Key Points within the S&P

In this article, we will explore wheat futures technical analysis and provide a price forecast based on current market trends. We’ll also discuss potential trading strategies and risk management for those interested in wheat-related assets. Wheat futures breakout of an ascending wedge on the 4-hour time frame Next probable target: 700 round number Potential retest

Yesterday, the USDCHF was trending lower, with the pair down by 1.82% for the week, marking its most significant decline since the week of November 7. Examining the hourly chart, the price had fallen below a downward sloping trendline, and I suggested that the price needed to rise above that trendline at a minimum (see

The price of gold has tumbled today with the sharp rise in the USD today. The price moved down -$47.68 at session lows today. The price is currently down -$32.74 which is still down -1.60%. The current price is at $2007.40. The low reached $1992.59. Looking at the hourly chart, the fall today extended below

In a previous post on the GBPUSD, we discussed the breaking of the converged 100/200 moving averages and the swing area down to 1.24208 in GBPUSD . A further decline would target the upward sloping trendline and Wednesday’s low near 1.23974. Currently, the pair is testing this low and the trendline, with the recent low

The USDCHF is down -1.82% this week or -165 pips. That is the biggest move lower in the pair since the week of November 7 when the pair fell -5.3%. The decline this week would be the 4th week in a row lower. That 4 week run took the price from 0.9317 during the week