Technical Analysis

US 10 year yield is above 200 day MA The US yields are coming off the boil that had the 10 year get within 2 basis points of the 2024 high yield of 4.196%. The high yield today reached 4.177% and is currently at 4.147%. Although off the boil, the 10 year yield did move

The AUDUSD fell sharply after the US jobs report as yields surged (2-year up 18 bps, 10 year up 17.4 bps). Technically, the price fell below its 200 day moving average at 0.6572 and more recently below its 100-day moving average at 0.65276. A key swing. 0.65229 was also broken Recall from yesterday, the price

The S&P is training to a new all-time high. When the price is trading at a new high, there is no prior history that traders can target from a price perspective. We are in a open-air area. However, technical tools can be used to forecast the next target/risk levels. In this video, I look at

The NZDUSD moved sharply lower on the USD buying after the better than expected jobs data. In doing so, the price of the pair has moved below it 200 day moving average or 0.6087, and the 50% midpoint of the move up from the October low the December high. That level comes in at 0.60716.

The price of crude oil isn’t selling at $72.28. That’s down $-1.54 or -2.09%. The low for the day was at $71.79. The high for the day was at $74.52. The price decline comes despite the stronger-than-expected US jobs report and other reports that Biden has decided on a counterattack plan in retaliation for the

For those who have seen my daily posts/videos on the GBPUSD (any of them), the pair has been trading in an up-and-down trading range going back to December 14. That range is between 1.2600 and 1.2800. Today, the price moved sharply lower after the stronger US jobs report, and the price move to a lower

The USDJPY has raced higher on the back of the stronger US jobs report this morning, and in the process took out technical levels including a downslope trendline at 147.837, and swing highs for the week including the Monday high at 148.32. The price rise has moved to another swing area between 148.449 and 148.59

The NZDUSD moved lower (higher USD) like most pairs today in the early US session, but after the US data came out weaker, yields started to move lower helped by regional banking concerns, the trend lower reversed and the price reversed higher. Technically, the low for the day did see the price move below its

GBPUSD trades back above the 100/200 hour MA The GBPUSD is following the dollar lower moves seen as yields in the US tumble. the market is discounting the comments from Fed Chair Powell and thinking more in terms of slower growth/higher unemployment. The regional banking concerns are also helping to send funds into treasuries, weakening

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The EURUSD raced higher in the US morning session but after breaking through the 200 day MA and moving up toward the 100 bar MA on the 4-hour chart, momentum faded and the price rolled over. THe price has since moved back down toward the 200 day AM at 1.0840. That MA will be the

The price of WTI crude oil futures is settling up $1.04 or 1.35% at $77.82. The high for the day reached $78.11. The low extended to $75.88. Lower growth in Europe pressured the price early in the session. US production is also a negative for the price. However, momentum could not he sustained, the recover

The broader US stock indices are getting it ahead of the earnings after the close including Microsoft and Alphabet. The NASDAQ index is leading the way with the decline of -124 points or -0.80% at 15504.51. The S&P index is now down -11 points or -0.22% at 4917.03. The Dow Industrial Average remains higher by

The lower than expected borrowing numbers from the Treasury is leading to: Stocks moving higher Bond prices moving higher/yields lower, and the USD to the downside. Looking at the US stock market, the NASDAQ index is now up 163 points or 1.05%. The S&P index is up 33.81 points and trades at a new record

The USDCAD is trading up and down today with a high rate up at 1.3464, and a low price at 1.3425. In between, sits its 100-bar moving average at 1.34355. The range today sitting between a bigger range defined by it 200-day moving average above at 1.34828. The high prices from Friday stalled against that

In the kickstart video, I take a look at three other major currency pairs from a technical perspective – the EURUSD, USDJPY and GBPUSD. There was a slew of economic data in the US highlighted by the Advanced GDP for the 4th quarter which showed strong growth and tame inflation, and initial jobless claims which

The USDCHF has moved higher in trading today and in the process technicals have improved: The low yesterday held against it to her poor moving average on 4-hour chart (currently at 0.8608) Today, the price low stalled against a rising trend line The price is currently above it to 200-hour moving average at 0.86492 What

The USDCAD moved sharply higher yesterday after the Bank of Canada interest rate decision. The price moved up toward the high price of last week at 1.35411, but fell short of that target. The subsequent move to the downside today took the price back down toward its 200 day moving average at 1.3483. Other moving