Technical Analysis

EURGBP ping pongs between MA levels today. Awaits a shove. Although all the action is in the USD today after the better-than-expected CPI, the EURGBP is ping-ponging between some important moving average levels. Looking at the hourly chart above, the high price today stalled near its 100 day moving average at 0.84675. The subsequent fall

The USD is seeing a tick to the upside as the NY session moves toward the close. Tomorrow the traders will be dealing with the CPI data at 8:30 AM where the MoM is expected to rise by 0.2% and the YoY to dip to 8.7% from 9.1%. The Core however, is expected to rise

AUDUSD runs away from the 100 hour MA It took a while, but the USDCAD is making a break for it to the upside. The pair tested the 100 hour MA in the Asian and London morning session. Then tried to move higher in the NA session. The first few tries saw some up and

USDCHF rebounds toward 200 hour MA In the morning video report, the USDCHF was trading between the 100 and 200 hour MAs (blue and green lines – see VIDEO here). The USD moved lower and so did the USDCHF. That took the price below the lower 200 hour MA and that momentum fell below a

The 10 year yield is keeping a lid ahead of the 100 day MA The US 10 year yield moved up to test the 100 day MA on Wednesday and again on Friday last week (blue line in the chart above). Today the high yield of 2.851% also sniffed the MA level at 2.862%. Staying

ANZ’s revisions to their oil demand forecasts were issued late last week. A snippet of commentary, firstly on the demand side: Crude oil recorded its biggest weekly decline since early April amid rising concerns of weaker demand. Demand indicators have largely held up, with global air travel improving as international borders are reopened. However, there

The US jobs report on Friday helped to initially move the dollar higher, stocks lower and yields higher. However, by the close, the dollar had come off high levels, stocks took back declines. Yields did stay elevated. What about the expectations going forward? What might the Fed officials reaction be to 528K new jobs? What

BTCUSD had a nice rally above 3% yesterday but volume is not strong and bitcoin can easily test the 20k mark or close to it. We aim for a short position with a ‘take profit’ target that is in line with testing an important VWAP, and is much higher than that 20 thousand dollar key

The EURJPY moved higher on the USDJPY run to the upside today. The JPY is the weakest of the major currencies, and that has helped to propel this pair higher as well (lower JPY). EURJPY runs higher as the JPY declines Technically, the pair was able to extend above its 200 hour moving average for

USD/JPY longs have been the trade-of-the-year in the FX market in 2022 and today’s strong jobs numbers make it more likely the trend isn’t over yet. The pair is up a whopping 220 pips today to 135.06. The gain wipes out much of a brutal four-day drop in the pair. Technically, it cracks the 61.8%

The US 10 year yield is moving to a new high at 2.869%. The current yield is at 2.853% as I type. 10 year yield That high has taken the yield to a new high for the week surpassing the 2.849% level reached on Wednesday. The high yield reached 2.869%. The current yield is trading

USDJPY trades between 200 and 100 hour MA today The USDJPY moved back above the 100 hour MA yesterday in the early European session (for the 2nd time on the day). A corrective move lower retested that MA line and pushed toward the 200 hour MA in the US afternoon session. After a dip today

Crude oil breaks below $88 The price of crude oil has dipped to a new session low and in the process is down testing the 61.8% retracement of the move up from the December 2021 low. That level comes in at $88.04. The low price just reached $87.80, but has bounced back up to $88.15.

10 year yield runs up to the 100 day MA and backs off The US 10 year bond yield so I rise up to 2.849% at its peak today. The move to the yield just above its 100 day moving average at 2.844%. However momentum higher quickly reversed, and the move to the downside has

Crude oil move down to test the July low Crude oil has seen a dip down to a low of $90.84. That’s within $0.34 of the swing low from July at $90.50. The current prices trading at $91.21. The high price today extended up to $96.55. A move below $90.50 to take the price to

EURJPY moved below the 200 day moving average and failed 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

NASDAQ trades above the 100 day moving average The NASDAQ index is back in positive territory after moving lower earlier in the session. The low price reached 12260.48. The high price has extended to 12418.43. The current prices trading at 12389.50 up 20.67 points or 0.17%. The last 3 trading days has seen the NASDAQ

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