AUDUSD moves higher but still below 100/200 hour MA The AUDUSD has seen a bounce higher after a run lower in the Asian and early European session. The move lower did extend below a large-ish swing area between 0.68916 and 0.69168. However, the low could not reach a lower swing target near 0.6870. The move
Technical Analysis
Crude oil trades above and below the 100 day MA The price of WTI crude oil futures are settling at $106.19. That’s down $3.33 or -3.04% The high price reached $109.76. The low reached $101.53. The settle is near the middle of that range. Looking at the daily chart, the price moved below the 100
USDCHF consolidates the declines after the surprise SNB hike The USDCHF is trading up and down above support and resistance targets. Looking at the hourly chart, the pair fell sharply last week after the SNB surprise market with a 50 basis point hike. The move to the downside stalled at 0.96279 on Thursday. Then on
USDJPY trades to a new session high The USDJPY has kept the bullish run to the upside going with a move to 136.615. As outlined in the earlier post, a topside trend line connecting recent highs cuts across now near 136.93 (and moving higher). That is the next upside target for the pair. Move to
USDJPY higher on the day and above hourly MAs Him him him The USDJPY has been a range-bound up, down and back up pattern. The price is higher on the day (above 134.96), trading currently at 135.07. There is overhead swing areas between 135.09 to 135.194. Above that, another swing area from 135.42 to 135.57
USDCAD holds support on the dip today. The USDCAD is modestly lower today after peaking near the May 2022 high on Friday (highest level since November 2020). The price action today has seen a continuation of the move lower. The pair has moved below the swing high from last Wednesday and the down to a
USDJPY has completed the down and back up “lap” The USDJPY moved sharply lower yesterday, helped by a crack below the 200 hour MA (green line), a move below a swing area between 132.97 and 133.35, and a corrective swing low at 132.30. Finally the pair also fell below the 38.2% retracement of the move
EURUSD tests 100 hour MA area. Be aware. The EURUSD is testing its 100 hour moving average 1.0455. The levels is a risk/bias defining level. Trade below with momentum tilt the bias further in the favor of the sellers. Conversely, holding support would have traders looking toward 1.04709 and a comfort bounce level to get
USDCHF consolidates near the low after sharp fall The USDCHF fell sharply yesterday after the surprise SNB hike of 50 basis points. The pair smashed through a number of technical levels including the 100 hour MA (blue line), 200 hour MA (green line), 50% retracement of the move up from the May 27 low at
USDCAD ticks to a new high for the year The move to the upside for the USDCAD has continued today. The price is working on it’s 7th up day in the last 8 days. In the process, the pair has moved up to test the swing high from May 12. That high reached 1.3076. The
AUDUSD falls below the 100 hour moving average The AUDUSD rallied higher yesterday along with the other dollar selling trends in the major currency pairs. However, once the pair reached the 200 hour moving average and 50% retracement near 0.7066, sellers leaned and the price started wandering back to the downside. Today in the Asian
NZDUSD trades between the 100/200 hour MAs The NZDUSD – like other pairs vs the USD yesterday – saw the pair shoot higher. The move extended above the 100 and 200 hour MAs, and for this pair also extended briefly above the 50% retracement at 0.63857. However, going into the close yesterday, the price rotated
Nasdaq Index Technical Analysis for mid to end of June, 2022 The Nasdaq Composite Index includes more than 3,700 Nasdaq equities. The Nasdaq Composite Index is a wide index significantly weighted toward the technology sector. For the Nasdaq Index ending on 17 June 2, 2022, ForexLive.com presents the following technical analysis chart images and videos,
EURCHF is down about 1.79% on the day The SNB hiked rates by 50BPs earlier today. That was a surprise move that has led to a surge in the CHF as a result. Looking at the % changes of the CHF vs. the major currencies, the gains have ranged from around 1.5% vs the GBP
AUDUSD trading above its 100 hour MA Looking that major currency pairs, the USD higher has been the theme of late (of course). That has taken the price away from the 100 hour MA in the favor of the dollar bullish side of that MA. With the dollar moving lower today as Powell is a
USDCHF tests a support target The USDCHF did spike higher post FOMC decision, but hit the May extremes that started at 1.0048 and moved to 1.00637. Sellers leaned. The high reached 1.00493. The subsequent move to the downside has now reached to the lows from earlier today at 0.9961. That low is also near a
The 200-week moving average has been pivotal in the Nasdaq for decades. The share since the financial crisis shows it being tested repeatedly and never breaking aside from a two-week period at the height of the pandemic fears. This level is a good spot for a bounce but if it breaks, it could mean much
AUDUSD falls to swing area ahead of the 2022 low The AUDUSD is down for the 5th consecutive day. That move has taken the price from from a high of 0.72352 a low today of 0.6965 or 267 pips or -3.7%. Like the other currencies today, the initial move today was in the USD lower