Technical Analysis

The dollar has moved higher after the US retail sales data came in stronger than expectations that has yields moving higher with the 2-year now up 10.7 basis points the 10-year is up 3.2 basis points. For the EURUSD the poster has remained below a swing year between 1.0878 and 1.0894, but it has support

The GBPUSD is back down testing the low for the day in what has been a big move lower for the pair today. The price of the GBPUSD is down -0.77% currently. In the move lower today, the price finally broke away from an up and down area and away from the 100 and 200

In the morning kickstart video, I take a look at the 3 major currency pairs – the EURUSD, USDJPY and GBPUSD – and outline the technicals that are driving the pair. For each, they are making a break today. So understanding the new dynamics is important for your trading. EURUSD: The EURUSD was trading in

The EURUSD is moving sideways today. The USDJPY is moving higher. While the GBPUSD is continuing its ups and downs . Both the EURUSD and the GBPUSD are trading between the 100/200 hour MAs. The USDJPY is more bullish but is finding some resistance selling near the 50% midpoint of the move down from the

Gold Futures Trade Idea 📉: I’m targeting a short position on Gold Futures with an attractive risk/reward ratio of 5 to 1. Please note that this trade is speculative and should be considered at your own risk. Technical Outlook for the Gold Futures Short 🔍: Entry Price: 2067.8, wait to fill Partial Profit Target: 2000.8

The USDCHF has moved lower after the weaker-than-expected PPI data. That news sent yields in the US tumbling to the downside, and has now pushed the price of the USDCHF below its 100 and 200 hour moving averages near 0.8508 (dollar selling). The low-price extended to the low-price from yesterday at 0.8487. Looking at the

S&P failing on break above all-time high close The all-time high close for the S&P index is at 4796.57. Back on December 28, the high price reached 4793.19 and backed off. Yesterday the high price extended above the all-time high close reaching 4798.50, but backed off. Today’s high price extended to 4802.40 and with the

The USDCAD is pushing back to the upside in what has been a volatile up-and-down trading day. That is congruent with a volatile up-and-down trading week. The high price this week was reached yesterday when the price extended above a swing area between 1.3398 and 1.3414. The high price reached 1.3442. But I returned to

The EURJPY is testing a cluster of technical levels including the 100 hour MA, the 100 day MA and the 50% all within a few pips of each other. Below that – and not far away- is the low of a swing area. With several technical levels centered in a fairly narrow range, the dynamics

Crude oil futures falls from highs but find support at MAs Crude oil futures are settling at $72.68. That represents a gain of $0.66 or 0.92%. The high-priced extended to $75.25. The low price reached $72.36. The sharp rise to the upside was spurred on by the US and UK bombing of Houthi rebel in

The strongest to the weakest of the major currencies As the North American session begins, the CAD strongest and the GBP is the weakest. The USD is mixed to higher with gains versus the EUR, GBP and CHF and modest declines versus the JPY, CAD, and NZD. Overnight in geopolitical news, the US and UK

The AUDUSD moved lower with the dollar buying today and in the process, fell below a floor at 0.66767 that defined the low of what has been a narrow trading week (from low to high only about 60 pips). The extension lower saw the price extend to a new low for the week to 0.6646

The price of crude oil futures is settling at $71.37. That is day $0.87 or -1.20%. The low price for the day reached $71.01. The high price was at $73.59. The weekly EIA inventory data showed larger-than-expected builds in crude, gasoline, and distillates. That helped to push the price lower and in doing so, the

The comments from NY Fed President were a bit more hawkish: Federal Reserve’s Monetary Policy Stance: Stresses the need for a restrictive policy stance for some time. Suggests the Fed can cut rates when confident that inflation is moving back to 2%. Reiterates that the Fed’s work to bring inflation back to 2% is not

Investing in stocks requires a blend of strategic planning, market analysis, and a keen understanding of the company in question. For those eyeing Heico Corporation (HEI), it’s crucial to weigh the pros and cons while also having a robust trade plan in place. Let’s delve into an integrated analysis that encompasses the investment potential and

The USDJPY has seen up-and-down price action today, and in the process, traded above and below its 100-hour MA at 144.26. The most recent run has been to the upside and with that move, the price has moved back above the 100-hour MA. So going into the new trading day, the buyers are holding a

USD The Fed left interest rates unchanged as expected at the last meeting with a shift in the statement that indicated the end of the tightening cycle. The Summary of Economic Projections showed a downward revision to Growth and Core PCE in 2024 while the Unemployment Rate was left unchanged. Moreover, the Dot Plot was

The major US stock indices rebounded after its first declining week last week in over 2 months (9 week win streak). The Nasdaq index surged over 319 points or 2.20%. The Dow Industrial Average which was dragged down by Boeing shares (down $-20.26 or -18.1%) still closed higher by 0.58%. A snapshot of the final