Technical Analysis

NZDUSD trends lower today The dollar’s recent strength seen today is being led by a decline in the NZDUSD (higher USD), which is currently down by 1.2% at 0.6245, reaching a low of 0.6238. Technically, during the US session, the NZDUSD broke below a key support area between 0.6263 and 0.62699, as well as the

USDCHF stalled at 0.9000 yesterday but at 38.2% on topside Yesterday, the USDCHF reached its lowest level since June 2021, touching 0.9000(4) before bouncing back. However, selling pressure emerged near the March 13 swing low and the 38.2% retracement of this week’s trading range, which is located at 0.9075. The pair’s high yesterday was slightly

EURUSD enters swing area ahead of extreme highs this week The EURUSD began the New York session with a decline following the better-than-expected initial jobless claims data. In this morning’s analysis, we discussed the importance of the 100-hour moving average at 1.0898, and how staying below that level was necessary to maintain a bearish bias.

S&P 500 e-mini futures technical anaysis video and price forecast In the above video, I will discuss the recent bullish outlook on the S&P 500 E-mini Futures based on technical analysis. The price forecast indicates a minimum target of 4170 for this week, with potential for further growth. Let’s delve deeper into the key points

Interesting stocks reporting quarterly earnings in April 2023 As quarterly earnings season kicks off in April, several well-known companies have seen their stock prices nearing 50-day lows, potentially signaling a buying opportunity for investors. This article highlights notable stocks across various sectors and countries, along with their earnings release dates. You are invited to continue

The price of WTI crude futures are settling up nine cents or 0.11% at $80.70. The high price reached $80.96. The low price extended to $79.65. Looking at the hourly chart below since the gap higher over the weekend, the price has been non-trending between $79 and $81.81. That has allowed the 100 hour moving

SPX technical analysis video highlights Bull Flag Formation on the daily timeframe: The S&P 500 Index exhibits a potential bull flag pattern (marked in pink on the above technical analysis video), This formation often signals a continuation of the existing trend, if price should breakout up, and it seems that it is holding and not

NASDAQ index finds early buyers against 100 hour MA The NASDAQ has moved to a new session high and in the process has turned a negative day into a positive day. The current price is up around 40 points or 0.33% at 12036.70. The high for the day reached 12041.29. The low extended to 11898.36.

USDCHF below old floor area on the daily. The USDCHF fell sharply in the early NY session and in the process moved below the swing low going back to early August 2021 at 0.90178 (see red numbered circles on the daily chart above). The low price today reached to the nice round number of 0.9000

The major indices are skimming along the Lowes for the day. All three major indices are negative now. A snapshot of the market currently shows: Dow industrial average -18.25 points or -0.05% at 33384.14 S&P index -26.98 points or -0.66% at 4073.63 NASDAQ index -189.64 points or -1.56% at 11936.68 Looking at the NASDAQ index

The price of WTI crude oil futures traded up and down in trading today. The high price reached $81.81. The low price extended to $79.61. Yesterday the price settled at $80.42. WTI crude oil trades between the 50% and 61.8% retracement Today the settled price is modestly higher at $80.71. That’s up $0.29 or 0.36%.

USDJPY pulled below the 200 hour moving average The USDJPY saw a brief upward correction following its earlier decline during the US trading session. This moderate rebound reached 131.88, falling just shy of the 200-hour moving average at 131.887. As long as the price remains below the 200-hour moving average (indicated by the green line

GBPUSD moves into a swing area on the daily chart The GBPUSD is ticking to a new high as the day move closer to the close. In the process, the price on the daily chart has moved into a swing area between 1.24228 and 1.24458 (red numbered circles). If the price moves above that area

USDCHF tests swing area. Can the buyers slow the fall? The USDCHF pair has recently witnessed both an upward surge and a downward rotation, ultimately breaching the day’s low. Initially, the currency pair found support in the early Asian session within a swing area between 0.9117 and 0.91264. The subsequent upward movement surpassed the 100-hour

GBPUSD remains within a channel trendline The GBPUSD experienced a decline as the dollar strengthened during the London fix, with the lowest price reaching 1.23437. This level aligns with the lower boundary of a swing area between 1.2343 and 1.23603. Subsequently, the GBPUSD rebounded from this support level, now trading at 1.2365. The support holding

The major U.S. stock indices are reaching new session highs, with each index on a three-day winning streak. The NASDAQ is leading the pack with an solid 1% gain. Here is a snapshot of the current market performance: Dow Jones Industrial Average: Up 228 points, or 0.70%, at 33,087.50 S&P 500 Index: Up 32.30 points,

Did you spot the triple top in gold ‘s price, along with its struggle to break past the 2000 mark? If a high-reward, low-probability trading opportunity piques your interest, this gold price forecast could be right up your alley. Just remember, always trade at your own risk! Gold technical analysis: Anticipating a short trade soon

Today is quarter end. The USD is ending the quarter mixed with declines vs the EUR , GBP , CHF and CAD and gains vs the JPY, AUD and NZD. Below is a technical summary of the major pairs in what was an up and down quarter for all of the pairs. I also outline