USDCAD tests its 100 hour moving average The USDCAD is moving higher in reaction to the USDs general move to the upside. Helping the trend is the rise in yields. 2 year 0.955%, +5 point basis points 10 year 1.759%, +5.3 basis points 30 year 2.098%, +5.2 basis points Technically, the pair also is getting
Technical Analysis
NZDUSD has push sharply to the downside and tests 200H MA The NZDUSD has been stepping lower and lower and lower, since it’s high at the start of the London morning session. Recall from yesterday’s trade, the price moved above the swing highs from December 29 and January 3 at the 0.6856 level. The move
We’re not at the close yet but today’s reversal in AUD/USD should give the bulls pause. On Wednesday, this pair looked like it was breaking above the December range to continue the retracement from the November decline but yesterday’s doji and today’s swift reversal lower is a warning sign of further potential declines. A close
NASDAQ index toys with the 200 day moving average The NASDAQ index as traded up and down and trading today and toyed with the idea of trading below its 200 day moving average. That moving average currently comes in at around 14726. The low price for the day reached 14689.43, and the current price is
GBPJPY moves below a floor between 155.918 and 156.06 The GBPJPY is trading lower for the second consecutive day after the high price from yesterday stalled against the swing area/ceiling between 157.42 and 157.766. Today, the pair moved below a old ceiling/floor going back to December 31 between 155.918 and 156.06. The price is currently
EURUSD on the 4-hour chart The EURUSD moved lower and lower today. In the process, the pair moved below what was a swing area going back to November. That area held earlier in the week. Moving below, increased the bearish bias and kicked the price lower. Looking at the 5 minute chart below, the move
Selling in the major stock indices accelerated into the close, with all the indices all closing near the lows for the day. The NASDAQ index was the biggest loser and fell for the first time in four trading sessions The Dow and S&P broke their two day win streak All three indices are now on
Crude oil is moving closer to the cycle high from 2021 The price of WTI crude oil futures are settling at $82.12. That’s down $0.52 or -0.63%. The high price today reached $80.94 while the low extended to $81.78. The high price did stall ahead of the high from yesterday $83.07. The cycle high and
EURGBP is back above its 100 hour moving average The EURGBP has moved once again, above its 100 hour MA today. Recall from last week, and on Monday too, the price of the EURGBP moved above its 100 hour moving average. On Friday it moved above on Monday back above. Yesterday the 100 hour moving
In an earlier post(s), I was targeting the 50% of the move down from the October 28 high. That was the corrective high from that day and started the sharp move to the downside that bottomed on November 24th. The midpoint was at 1.14385 (see last post here). The price has reached that target and
The major European shares are ending higher on the day, and in the process snapping three day losing streaks (for most of the indices). The closes are showing: German DAX, +1.1% France’s CAC, +0.95% UK’s FTSE 100 +0.62% Spain’s Ibex, +0.56% FTSE MIB +0.66% The German DAX index moved down toward its 100 day moving
AUDUSD moves back above the 100 hour MA The AUDUSD made a two week low on Friday after the nonfarm payroll report. At the low, the pair moved below its 50% midpoint of the move up from the December low at 0.71342, but quickly reversed and has not returned back to that key level since
USDCHF trends higher into resistance The USDCHF moved lower on Friday, and closed the day right near its 100 hour moving average (blue line currently at 0.9189). The price in the early Asian session based near that moving average line and closing level and started to move higher. After a brief look above the 100
Crude oil futures settle down on the day The price of WTI crude oil futures are settling at $78.23. That’s down $0.67 or -0.05% The high for the day reached the $79.43. The low for the day extended to $77.86. Looking at the hourly chart, the price over the last five or six hours has
A snippet from a note via Scotia on the euro. Analysts at the bank expects its more likely for the Federal Reserve to hike by 100bps this year than it is for the European Central Bank to hike by even 10bps (and order of magnitude difference). This is a driver of Scotia’s view of EUR/USD
EURGBP has moved above its 100 hour moving average Both the EURUSD and the GBPUSD are moving higher, but the EURUSDs rises outperforming the GBPUSD. That has the EURGBP moving higher. The EURGBP has been trending more to the downside cents the December 8 peak at 0.8598. The price reached a low on Wednesdaytrade at
Earlier this week, I wrote a post debating whether the downtrend line or the old highs were more important for 10-year yields. The debate is over now because they’re both broken. Yields legged higher in the last 30 minutes after the 1.777% level gave out. That’s pushed yields within a fraction of 1.80% and to
The major European indices are closing the day mostly lower. The exception is the UK FTSE 100 which is closing up around 0.35%. The provisional closes are showing: German DAX, -0.65% France’s CAC, -0.4% UK’s FTSE 100, +0.45% Spain’s Ibex, -0.45% Italy’s FTSE MIB, -0.13% For the trading week, the major indices are mostly higher