Technical Analysis

The NZDUSD has found a swing area support this week between 0.5851 and 0.58699. The trader also found swing area resistance at another swing area between 0.5933 and 0.5941. Those extremes helped to confined the ups and downs this week. Admittedly, with the price trading to new lows for the year and the lows going

As London traders look for the exits, the GBPUSD has rotated back to the downside. The price is currently trading at 1.2405. The low for the day was at 1.2388 reached shortly after the Israeli attack on Iran. That is also the low for the trading week. GBPUSD moves away from the 50% midpoint The

With key earnings being releases next week, the Nasdaq is flushing more to the downside. Nasdaq runs from the 100 day MA The NASDAQ index is now down -1.61% or -251 points at 15350.76.In the process, the price is running away from its 100 day moving average of 15489.71 and the 50% midpoint of the

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not

The price of gold is on pace to close at a new record level today. A. How close level is $2832.30 on Monday, April 15. The low this week was on Monday at $2324.42. The point today at $2417.89 was the highest price for the week. The high intraday price was reached last Friday at

The strongest to the weakest of the major currencies The CHF is the strongest (flight to safety) and the NZD is the weakest (risk off)as the North American session begins. The USD is mixed with the greenback losing -0.34% vs the CHF and gaining +0.25% vs the NZD. Other than that, the major currencies are

The US stocks are moving back toward session lows. The NASDAQ in that this really trading at 15615. The low price reached 15595.74. At current levels the price is down -0.43%. Nasdaq moves toward key support targets As the price was lower, it is getting closer to a key technical support level defined by the

The strongest to the weakest of the major currencies The CHF is the strongest and the JPY is the weakest as the North American session begins.The USD is mostly lower to start the trading day. Overnight, Australian employment change showed -6.6K versus 7.2K. However, the unemployment rate was less than expectations at 3.8 cents versus

ECB’s Lagarde said that: We monitor the exchange rate It is obvious that exchange rates may have an impact on inflation The truisms are not anything new, but given more illiquid afternoon markets, it did give a minor boost to the beaten down EURUSD. The move to the upside took the price into an briefly

Silver on the daily chart The price of silver moved to a high on Friday at $29.79. That got within $0.30 of the 2021 high at $30.09. The 2020 high reached $29.86. So there are 3 highs from 3 different years with $0.30. Those highs are the highest since 2013. Getting above them would open

The major US stock indices are ending the day with mixed results. The Dow industrial average closed modestly higher helped by a surge in UnitedHealth. Its shares rose $23.26 or 5.22% to $468.89. The S&P and NASDAQ index both fell modestly. A snapshot of the market closes shows: Dow industrial average rose 63.84 points or

USD The Fed left interest rates unchanged as expected at the last meeting with basically no change to the statement. The Dot Plot still showed three rate cuts for 2024 and the economic projections were upgraded with growth and inflation higher and the unemployment rate lower. The US CPI beat expectations for the third consecutive

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not

The AUDUSD and the NZDUSD are lower on the day as “risk off” flows from geopolitical tension weighs on the pairs. For the NZDUSD it has reached the lows from last week at 0.59364. So far buyers are leaning against the level. The price is bouncing marginally. The AUDUSD has moved below a swing area

In an environment where geopolitical tensions are escalating, particularly between Israel and Iran, investors are closely watching the TA-35, an index tracking the 35 largest companies on the Tel Aviv Stock Exchange. The TA-35 Index serves as a barometer of the economic pulse of Israel and, by extension, how the country is navigating the troubled

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not

AUDUSD daily The Australian dollar is nearing the February low of 0.6443 as it rests just 14 pips above. AUD/USD traded as high as 0.6644 on Tuesday but traded down sharply on the hot US CPI report and has continued lower today as the dollar breaks higher against a number of currencies. Though much of