Technical Analysis

The German Dax closed at record highs on Monday, Thursday and Friday last week, moving above the high close going back to September 27. Today, however, the index fell by around 1% leading the way lower for the major European indices. A snapshot of the Europe closes fo the day are showing: German Dax, -1.02%

The USDCAD buyers remain in control in what has been an up-and-down trading week that did see the pair move to the highest level since August 6th. At the price high this week, the USDCAD moved into a swing area going back to the end of July early August between 1.38337 and 1.38475. Sellers leaned

aCrude Oil Futures Weekly Forecast: Bears in Control, Watching Key Support Levels 📉 Crude Oil Futures (CL1!) are showing clear signs of bearish momentum, with prices falling sharply in recent weeks. This is reflected in the weekly chart, where the market has consistently respected a long-term descending resistance line (marked in red as the bottom

Shares of Apple are trading at $235 or up $2.85 or 1.22%. Closing this level would suppress the all-time high close level of $234.82 reached on July 16. Wedbush was out with a report today saying Apple’s iPhone 16 sales in China are forecasted to see a significant rebound over the next year. The analysts

The EURUSD is trading higher and is approaching key resistance near 1.0871 to open 08746. Within that area is the 100 hour moving average at 1.0871 61.8% retracement of 1.08746 200 day moving average at 1.0872 The high price yesterday reached 1.0873. The area is key for both buyers and sellers. A move above, gives

There are some small wins for seller in the USDJPY from a technical perspective: The price stalled ahead of a topside trend line yesterday on the hourly chart (see chart above) . The inability to get to the level is a small negative. The price fell below an upward-sloping trend line on the hourly chart

The NZDUSD price action this week has been lower, but there also has seen a lot of ups and downs and consolidation after the sharp move lower from the end of September high at 0.6377 to the low this week at 0.6038 (12 days from top to the bottom) Technically, the NZDUSD has been behaving

The EURUSD has been trending to the downside recently, and in the process has extended toward August low levels. My most recent technical videos on the pair, have been focused on the 4-hour chart as the market trended lower. If you watch the kickstart video from earlier today I also spoke to the 200-day moving

The USDCAD moved up for 9 consecutive days and was on its way to 10 straight on Tuesday before hitting a resistance target area near 1.3833 to 1.3847 and finding sellers/profit takers. The move back to the downside saw the price move down for 2 days and back to a low today of 1.3743 –

As the US session works to a close and the Asian Pacific looks to restart, the NZDUSD is pushing the 61.8% retracement target at 0.60509. If the price can move back below that retracement, the low from the first hours of the trading day today down at 0.60387, followed by the low of a swing

The AUDUSD fell below its 100-day moving average earlier in the Asian session at 0.6694, and after bouncing off a Asian session low of 0.6667, the subsequent corrective high found willing sellers near that moving average level and below the 0.6700 natural resistance level. The last few hours have seen more downside momentum which is

Fundamental Overview The bullish momentum in the US Dollar seems to be waning despite the recent higher-than-expected US CPI and PPI reports. One caveat is that the market has now priced out the aggressive rate cuts expectations and it’s almost perfectly in line with the Fed’s projections. Therefore, we will likely need more strong US

Fundamental Overview The bullish momentum in the US Dollar seems to be waning despite the recent higher-than-expected US CPI and PPI reports. One caveat is that the market has now priced out the aggressive rate cuts expectations and it’s almost perfectly in line with the Fed’s projections. Therefore, we will likely need more strong US

The EURJPY has been forming a ceiling over the last few weeks of trading. That ceiling comes between 163.478 and 163.60. Today’s high stalled against that level and rotated to the downside. The current price trades at 163.293. Although lower, there is a key target on the downside that needs to be broken if the

The USDCHF is making a “break for it” above its 38.2% retracement of the move down from the early July high. That level comes in at 0.86312. The current price is trading at 0.8639. Today, the price also moved above a swing area between 0.86078 and 0.8619. That area is a more conservative risk level

As the NA session begins, the NZD is the strongest and the CAD is the weakest. The USD is stronger ahead of the PPI and also the Canada employment report for September. The PPI is expected to rise by 0.1% for the headline and the 0.2% for the core (ex food and energy). The YoY

The US PPI data came out and showed the YoY higher than expectations (but the headline was lower than the revised higher level), but the MoM data was more tame. The short end of the yield curve is a little lower. The long end, not so much. The US stocks are steady but lower on

The USDCAD has been trending to the upside since bottoming on October 2 near 1.3472. The momentum over the last eight trading days has taken the price up to a high of 1.37826. That took the price to the low of the next swing area target between 1.3784 and 1.38036 (going back to April 2024