Technical Analysis

The AUDUSD fell sharply after the Reserve Bank of Australia raise rates by 50 basis points but softened the statements a bit. The tumble to the downside took the price below its 100 hour moving average (blue line) currently at 0.6985, and its 200 hour moving average currently at 0.69585.. The run to the downside

The EURJPY moved to the lowest level since May 13. The move also took the price below its 200 day moving average for the 1st time since March 16. The price entered into a swing area between 132.70 and 133.47, but could not sustain downside momentum. The price has bounced higher and trades near session

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The price of WTI crude oil futures are settling at $93.89. That’s down -$4.73 or 4.8%. The low price reached $92.42. The high price extended to $98.65. The low reached the lowest level since July 15. The July low on the 14th came in at $90.56. Technically, the price closed below its 200 day moving

A simple and clean technical analysis snapshot for the Japanese Yen vs US Dollar USDJPY is still in Short after crossing down a bullish channel shown in the price chart image and the technical analysis video below The crossing down triggers a bear flag, on the daily timeframe. This simple technical analysis formation tends to

US 10 year  yield  trading to new lowsThe US 10 year yields are trading at session lows of 2.624%. The high yield for the day reached 2.728%. The yield has moved below swing lows from April 13 and April 14 at 2.648% and trades at the lowest level since April 7. The next target comes

Old school technical analysis says that price itself is the most inportant technical indicator. Some claim that the most important part of technical analysis lies in the price itself, as it travels through time. ETH, in terms of technical analysis, is also a potential bear flag. Bear flags extend/continue a downward trend. The bear flag

The major US indices are pushing the early session highs after a dip lower after the open. Dow industrial average is making new highs up to 32769.29. S&P reached a new high at 4122.80. The prices up 48.72 points or 4121.21 NASDAQ index reached a new high of 12356.91. It currently trades at 12352.96 up

The price of WTI crude oil futures are settling at $98.60. That’s up $2.20 or 2.28%. The high price reached $101.87. The low price extended to $96.42. The price got a boost on the break of the $100 level, but could not sustain the momentum. Looking at the hourly chart, the move back to the

The  EURUSD  is trading near the last Friday closing level of 1.1213. The current price is moving to an afternoon high at 1.0219 In the US session the price moved down to a low at 1.01448. That was within a lower swing area between 1.0140 to 1.1054 (see red numbered circles). The rebound back above

The  Nasdaq  has retraced the move lower and has made a new high for the day as the buyers and sellers continue the battle. The run back to the upside has also returned to, and now through, the July 22high (at 12093.02), and is within sniffing distance of the 38.2% retracement from the March29 high

The  EURJPY  is the biggest mover on the day. The pair has declined nearly 2% (down -1.97% currently). The current price is at 136.51. The low for the day reached 136.39. Technically, the day started with the pair banging against the 100 hour MA (blue line in the chart above) and a downward sloping trendline

The EURUSD is trading to a new low of 1.0102 as the clock ticks to Fed time at 2 PM. The high in the London session today stalled ahead of the 200 hour MA (green line). On Monday and yesterday’s highs, were higher but kept a good distance away from the 50% retracement of the

The S&P index has moved to the highest level since June 9. The price high took out the high from last Friday at 4012.44. The high price just reached 4018.65. The price has since rotated to 4008.48 currently. Technically, the 38.2% retracement of the move down from the swing high on March 29 comes in

Google reported earnings last night. It earnings results were not that positive. Still, it seems that market was ready to absorb a more disappointing earnings report from Google, following the SNAP 40% crash The fact that GOOG was slightly positive (hovering around a 3% rise after-hours, following the earning announcement) supports the idea that it’s

The major stock  indices  remain pressured with the NASDAQ index down nearly 2% ahead of some key earnings including Microsoft and Alphabet after the close. A snapshot of the market currently shows: Dow industrial average is down -241 points or -0.76% at 31749 S&P index down -49.13 or -1.24% at 3917.81 NASDAQ index -225.60 or

The JPY is the weakest of the majors. That has JPY crosses moving to the upside. One of the JPY pairs which has seen a strong move is the CADJPY. It is up 0.91% on the day. That move has erased a good bit of the move down on Friday. There were reasons – technical

The USDCAD is looking to take back all the gains seen from the sharp rise on Friday and continuation run higher in the Asian session today. Recall from Friday, the pair found support buyers against the swing low from June 28th near 1.28185. The low price reached 1.28214 and started the run higher. That move