Technical Analysis

The NZD/JPY weekly chart is one of the more-interesting ones out there right now as it brushes up against the September high. If that breaks, it will take the pair all the way back to 2015 levels and a time when the pair touched 94.00. The general feeling is that yen weakness is over after

The USDJPY is continuing the move to the downside. The pair reached a new low of 135.86. The price is down -0.50% and the biggest mover vs the USD in the early hours of trading. The move lower is running further away from the 100 hour MA (blue line in the chart above). The 100

The GBPUSD traded below – and then above the 100 hour MA – during yesterday’s trading. The move back above the 100 hour MA, tilted the bias back to the upside. Technically, if the price can remain above the 100 hour MA at 1.22073, that would keep the buyers in control. Earlier this week, the

The price of crude oil is now below the $72 level and is now over $3 below the close from the end of year at $75.35. The current price trades at $71.97 that’s down $-2.24 on the day. The high price reached $75.36. The low price is extended to $71.78. The futures just settled with

Today, the USDJPY traded higher into the European session and in doing so, moved above the 200 hour MA (green line). The one break above that MA line last week failed quickly. Yesterday, the price moved up to test the MA again and backed off. So the break above today was significant. However, momentum cannot

The EURUSD is making a break below the rising 100 hour MA. That level comes in at 1.04948. The price is also dipping below the November highs that came in between 1.04806 and 1.0496. The low price just reached just reached a new session low 1.04768. So is looking for more downside could now use

The GBPUSD ran higher toward the end of the London session and in the process extended above the London high at 1.22472 a new intraday high of 1.2272. The last two – three hours has seen a rotation back to the downside. That move has now seen the price extend below the New York morning

This is an interesting chart today because NZD/USD has been a strong performer in the past month and highly correlated with stock markets. Today it ran into the August high and reversed, putting an outside day on the chart. It’s a real gut-check moment in markets today. Either the Fed scenario of a soft landing

The price of WTI crude oil moved down to a new session low of $76.79. The high price was up nearly 6 dollars from the low at $82.70. The fall comes despite more relaxed covid policies in China, and the full European embargo of Russian oil and the price cap at $60 all went into

The US stocks are recovering from their initial declines on the back of the stronger US jobs report. The S&P index is currently trading down -18.30 points or -0.45% at 4058.28. The low price reached 4026.63 (-49.95 points). The high price is up at 4063.81 (-12.77 points). The move back to the upside has taken

Doge coin technical analysis and price forecast: From the peak in May 2021, Dogecoin has been in a strong bear market as market expectations of higher interest rates from the Fed to fight inflation forced buyers to rush for the exit. We’ve seen a general bear market for over a year in the cryptocurrency space

The USDs rise is being retraced as the stocks also rebound. The GBPUSD is ticked to a new session high. The Asian session high reached one point to 297. The high price just ticked to 1.22992 just short of the 1.2300 natural resistance level. Yesterday the high price reached 1.23082. Looking at the hourly chart,

Gold has seen its price move lower on the back of the stronger than expected US jobs report and higher dollar. But as they dollars gains have been eroded, the price of gold has likewise seen a rebound back to the upside. The price has moved back above its 200 day moving average (green line

The price of crude oil futures settled at $79.98. That is down -$1.24 or -1.53%. The OPEC+ meeting will take place virtually on Sunday. No change in production is expected. The price cap looks to be set at $60 for Russian oil The Russian sanctions will also go into effect cutting off all imports of

As stocks moved back higher and yields moved lower, the US dollar is getting weaker.The USDJPY is back below its 200 day moving average of 134.506. Closing below the level today would be the first time the currency pair closed below that since February 23, 2021. The USDJPY moved higher after the stronger than expected

The price of WTI crude oil futures are settling at $81.22. That is up $0.67 or 0.83%. The high price extended all the way up to $83.32. The low price early in the show the session was at $79.95. Looking at the hourly chart, the price moved above the swing highs from mid and late

The major US indices are closing with mixed results: the Dow industrial average is closing lower by -193.25 points or -0.56% at 34396.52 the S&P index is down -3.33 points or -0.08% at 4076.78 the NASDAQ index is up 14.46 points or 0.13% at 1482.46 Russell 2000 is down 4.896 points or -0.26% at 1881.68

As US yields moved to the downside with the two-year down -5.4 basis points in the 10 year down -5.0 basis points (they were up earlier today), the US stocks have moved sharply to the upside. The gains are being led by the NASDAQ index which is up near 2.5%. The current price is up