Major indices get off to a good start for the month of August The US stock indices are all closing higher with the NASDAQ leading the way to the upside. The NASDAQ is on a 4 day winning streak. The S&P and Dow have been up for 2 consecutive days. The S&P 500 is closing less than
Technical Analysis
High price today reached is 10883.633. The high close of 10767.09 is also broken The NASDAQ index is stretching to yet another all-time high. The price has extended up to 10883.63. The current price is trading at 10874. The move to the upside has extended above its high close at 10767.09 and also above the
New lows for EUR, JPY, CHF, AUD, NZD him There is some more dollar buying as London traders exit. The EUR, JPY, CHF, AUD and NZD have all just moved to new session lows vs. the greenback. The USDCAD has moved back higher after quickly dipping below the 100 hour moving average and failing. The GBPUSD is reluctantly moving
Is that the dollar higher? The pattern of late has been lower dollar/higher stocks. The dollar continues its move to the upside today, its Friday, its month end. The earnings fears are gone mostly at least for most of the high flyers. The coronavirus bill is an impasse. So why not go the other way in
The 105.978-1.06063 is the ceiling (it was the floor) The USDJPY has a floor developed from the May and June lows at 105.978 and 106.067. On Friday last week,the floor was broken, but the price could not close below the area. On Monday of this week, the price traded at a high of 106.084,
Up $0.35 or 0.88% The price of WTI crude oil futures are settling the day at $40.27. That is up $0.35 or 0.88%. The high for the day reached $40.55. The low extended to $39.66. The last 5 weeks has seen the price close at: July 3 $40.65 July 10, $40.55 July 17, $40.59 July
Closes lower for the first time since July 16 All good streaks come to an end and the GBPUSD’s 10 day streak of higher closes came to an end today. The pair last close lower back on July 16. On July 17 the low price reached 1.2511, but closed higher on the day. This week the low was reached
NASDAQ comes off of premarket highs in early trading The day after the big 4 reported much better earnings across the board, the US stocks are opening higher but gains are being eroded in early trading. The NASDAQ index which I saw up as much as 220 points implied by the futures in premarket trading
Major indices trade near their highs at of the key earnings With Amazon, Apple, Alphabet and Facebook all slated to announce earnings after the close, the major indices are well off there lows for the day and trading near their highs for the day. The S&P index and Dow industrial average are still in the red, but the NASDAQ index is
The high yesterday got close to the low on the swing area and 61.8% retracement The EURUSD moved to the highest level since May 2018 yesterday and in the process sniffed the low end of a swing area at 1.18147 and the 61.8% retracement of the move down from the 2018 high at 1.18221. Drilling to the hourly
High extends to 1.18054 The EURUSD approached the low of a resistance area at 1.18147. The high price reached 1.18054 and backed off. The current price is back at 1.1777. Looking at the 5 minute chart, the fall saw the price fall below the 100 bar MA, but found support buyers against its 200 bar moving
Battle near the lows as buyers and sellers more balanced at the levels The USDJPY transitioned from non-trend to trend on Friday – breaking below the swing lows at the 106.65 area. The pair has trended lower with the price moving down to a low of 104.793 earlier today. Looking at the hourly chart, that low was able
A soft ending to the stock day The US stocks are ending the day just off the lows for the day. The NASDAQ index by the way with a -1.27% decline. The final numbers are showing: S&P index -20.97 points or -0.61% at 3218.44. NASDAQ index fell -134.17 points or -1.27% at 10402.09 Dow industrial average fell
The USD is rebounding modestly today As North American traders enter for the day, the JPY is the strongest, the NZD is the weakest. The USD is rebounding modestly after trading to the lowest level since June 2018 yesterday. As mentioned the gain is still modest. Because the dollar is up, we are also seeing
Technical analysis chart for the ozzn Australian dollar with S&R This via analysts at Credit Suisse, see what you think: CS commentary (in very brief) AUDUSD is consolidating as expected after a dramatic surge, which completed a major ‘head and shoulders’ base and turned our medium term bias higher. Although further consolidation should not be
The USD is lower again (Gold at a record) as the new week begins The JPY is the strongest and continues it’s trend higher (USDJPY lower) and the CHF is the weakest (rebounding from its downward trend) as NA traders enter for the day (and start the week). The USD is lower once again with
USDJPY cracks below the 105.98 May low The USDJPY has cracked below the May/June lows at 105.98 and 106.06 respectively. The pair has run to the lowest level since March 16, 2020. The low price has reached 105.755. With the break below the floor. That level now becomes the ceiling and risk level for shorts. Stay
The USDCAD stalled ahead of the 38.2% retracement The USDCAD has rebounded modestly higher today but has moved back lower in the recent hourly bar. The correction higher today did find resistance against the 38.2% retracement of the week’s trading range. That level came in at 1.34456. The 100 hour moving average has since moved down toward that 38.2%