Technical Analysis

The EURUSD is clawing back some of the trend move decline seen in trading today. That trend move has seen the EURUSD move from a intraday high of 0.98389 to a low of 0.97295. There was little in the way of a correction in that move until recently. Looking at the 5 minute chart above,

I call a “lap”, a price move that moves quickly in one direction and retraces the full move almost as fast. THat is what has happened in all of the major currency pairs. You often have a lap happen because the market misinterprets a news item, or there is a player or players who single

There are a lot of traders, and analyst who think that because the Fed is near the destination for rates, that the Pavlov reaction should be to “buy stocks baby”. It’s “green grass and high tides forever”. That may be a short term idea, but I am not so sure it is sustainable. Looking back

Major indices open higher at the start of the day but after the JOLTs job openings came in higher than expectations and reversed a lot of the declines from last month, the gains were trimmed and the price is turned into negative territory. The NASDAQ index is the weakest of the major indices with a

Like other currencies, the CAD has moved lower (the USDCAD higher) after the better data today helped to reverse the USD declines seen earlier in the day. The price of the USDCAD has now moved above the 200 bar MA on the 4-hour chart at 1.36326 and into a swing area between 1.3632 to 1.36663.

The EURUSD moved lower in the Asian session (see earlier post here), and entered into a swing area in the London morning session between 0.99258 and 0.9898.The 200 hour MA (green line) was also in that area near the low (at 0.9900). Since then, the price has been consolidating up and down, but remains comfortably

The USDCAD moved down last week and in the process stalled near the 38.2% of the move up from the August low at 1.3500. There is a swing area near that level up sto 1.3510. Holding the support area, led to a rally on Friday. THe price moved near the 200 bar MA on the

The USDCHF is trading higher today after an early dip in the Asian session. Technically, the move to the upside was able to get above a swing area between 0.9917 and 0.99299. Above that, and the price extended above its 100 hour moving average at currently at 0.99355. The high price for the day did

The forex market seems to be in one of those up and down Fridays. Coming into the weekend – and ahead of the FOMC rate decision next week where the Fed is expected to raise rates by 75 bps – the price action is up and down in some of the pairs. In others –

The median stock price prediction for Apple Inc. is set at $180, provided from 37 analysts who have provided price estimates for the next 12 months The highest Apple stock prediction is $200 and the lowest prediction is $122 Apple stock forecast from ForexLive.com, based on the following technical analysis video, is set at a

The S&P index is trading to a new session high and in the process is testing the high price from Wednesday’s trade up at 3886.15. The high price just reached 3884.51. On a move above that level, traders will next target the falling 100 day moving average which currently comes in at 3905.86 (see upper

The Dow industrial average is leading the way today with a 540 point rise or 1.7%. The current prices trading at 32573.46. The high price reached 32661.74. Looking at the daily chart, the high price was able to extend above its 200 day moving average at 32642 area. The last time the price traded above

The EURUSD is pushing to a new low. The low has reached 0.99633. The 0.99515 is the next downside target for the pair. That level represents the 50% midpoint of the range since the September high. It also is the swing low going back to July 14, and the cycle low at the time on

In a post yesterday (“USDCHF moves down toward lower target area“), I spoke to the USDCHF support being approached near the rising 200 bar moving average on the 4 hour chart, and also a swing area between 0.9848 and 0.9873. The price ended up moving down toward that 200 bar moving average dipping briefly below

The USDCHF today moved down to test the lower target area defined by a swing area between 0.9848 and 0.9873 and the 200 bar MA on the 4-hour chart at 0.98431. The last time the price closed below the 200 bar MA goes back to September 16. The low price reached 0.9852 so far. The

The AUDUSD held support ahead of the 38.2% on the correction lower in the early NY session against th 0.64545 level. I outlined that level in the video here: The subsequent move back above the 200 ba MA on the 4 hour chart at 0.6482 has increased the bullish bias and moves the risk level

Have a hunch and want to be in the riskier stocks? Bet a bunch. Buy the ARKK The ARK Innovation fund – managed by Cathie Wood – moved to a low of $33.74 on October 13. Yesterday the low reached $34.06. Today the price is up $2.30 or 6.45%. That is pretty a good move

The GBPUSD has moved up to test the October high near 1.1495. The high price just reached 1.1498 (see 4 hour chart above). The price has backed off and currently trades at 1.1478. Also near the October high are swing lows and highs going back to the end of August and into September. The swing