Technical Analysis

To start the last trading session in 2022, the JPY is the strongest of the major currencies while the GBP is the weakest. The USD is mixed. The JPY has restarted its upward bias after correcting from the December 19 low. The price peaked near the swing lows from December 13 and 14th at the

This is one of the most simple technical analysis, and guide (bullish or bearish) that you will probably see. It shows swing traders and buy and holders (or those seeking to sell some of their holdings) exact prices of when the market is in the favor of bulls or bears, and why. The above is

The USDCAD has spiked higher helped by: Lower oil. Crude oil is trading down $1.69 at $77.86. The high price was at $79.85 today Lower stocks. The major indices are all trading lower on the day with the NASDAQ down -0.80%. That has led to a move out of risk Higher yields. The two yield

The EURUSD has moved to a new low for the day and in the process is moving closer to the lows for the week. Looking at the hourly chart, the price has been waffling up and down in volatile trading this week. On the topside, the high price has a solid ceiling near the 1.0657

The GBPUSD has traded lower today and to the lowest level since November 30. In the process, the price extended back below the 200 day moving average of 1.20791 (see green step down line on the chart above). On December 1, the price first moved above that moving average level, and although the price made

As the US stocks get hammered with the Nasdaq index now down -3.37% and the S&P down over 2.55%, the AUDUSD is taking on some downside price pressures on “risk-off” sentiment. Looking at the daily chart, that move has the AUDUSD pair down testing the 100 day MA at 0.6658. The last 6 trading days

The USDCHF is trading to a new session high and in the process has moved into a swing area (see red numbered circles). That area comes in between 0.9311 to 0.9325. On Monday, the price moved above that area reaching highs at 0.9346 and later at 0.9340. Both of those moves took the price above

The EURUSD has stretched to the low from Monday/Tuesday and in the process traded the high to low range for the week. The high price earlier today took out the high from Monday at 1.06573 in the-Tuesday at 1.06579. The high price today ticked up to 1.06588 just above those levels before rotating back to

The NZD is the strongest and the the JPY is the weakest as the NA session begins. The USD is weaker. The US stocks are up modestly after larger declines yesterday. The US yields are higher. Today the US PCE data will be released at the bottom of the hour. The core PC is expected

The EURUSD is doing it’s pre-holiday thing…That is chopping around. Looking at the hourly chart, hopes were dashed yesterday fairly quickly when the price moved above the swing highs from Monday and Tuesday, but only by a few pips. Hopes were then dashed again when the price fell below the lows from Monday and Tuesday

The USDJPY moved up to a new high. Stocks have rebounded from earlier declines. The Dow Industrial Average is up 0.34%. The S&P index is up 0.44% and the NASDAQ index is up 0.25% Yields are higher as well. The 2 year is up 4.8 basis points while the 10 year is up 5.4 basis

The USDJPY has crept up in trading today, following the USD to the upside and a mixed interest rate curve. Technically, the pair has seen a move up to a high of 132.71. That was a pip above the 50% midpoint of the 2022 low to high trading range at 132.70. The low for the

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The EURUSD held above the 200 hour MA during 2 tests yesterday and again today. Then the level was broken and failed in each of the prior two hourly bars. Now on yet another attempt, the MA is being broken with the pair moving to a new day low. Can the sellers now keep the

The AUDJPY is down sharply today (down -4.88% to be exact). That move has taken the price below the swing low from May 2022 at 87.29 and down to a low of 87.01. That low was within 16-17 pips of the rising 100 week moving average currently at 86.844. The price of the AUDJPY has

The price of crude oil has been trading up and down over the last few days. Looking at the high prices, the price has been able to stall nare the $76.50 area. There is a short term ceiling formed near that ceiling. On the downside, the 200 hour MA (green line) currently at $74.45 stalled

The EURUSD moved up and down yesterday to start the trading week, and today that price action is continuing. The pair spiked higher after the Bank of Japan surprise decision, and in the process moved above its 100 hour moving average after stalling near that moving average yesterday in the North American session (the European

The price of WTI crude futures settled at $75.19 today. That was up $0.90 or 1.21%. The high price today read $76.60. Low price was at $74.21. Looking at the hourly chart below, the price has been trading above and below its 100 hour moving average currently at $75.74. And the high price was able