Technical Analysis

USDCHF between 100 and 200 hour MAs The USDCHF moved higher today and in the process moved up to test the 200 hour MA at 0.93362 (green line in the chart above). The price high reached 0.9335 and backed off. The current price is at 0.9322. Earlier today, the pair moved above the 100 hour

EURUSD skims the 100 hour MA The EURUSD is continuing to skim along the 100 hour moving average currently at 1.06164 and moving higher. Looking over the last few days, the price has been testing that MA line, only to have limited success on a break with further momentum. The MA is moving higher which

EURUSD bounces off the support target area The EURUSD certainly had a volatile down and up and down session. IN the last post on the EURUSD earlier today, the pair was testing support against the 100 hour MA, 50% of the move up from the December 7 low and a swing area on the hourly

S&P index breaks below 100 day moving average The S&P index is now down -82 points or -2.05% at 3913.31. That is taken the price back below its 100 day moving average of 3930.87. A close below that level would be the first since November 9. On Wednesday, the price moved up and took out

The USD has moved higher after the Fed dot plot showed a higher terminal rate. The US stocks are lower. Yields are marginally higher. What levels are in play for the major currencies. A look at some of the major currencies and risk/bias levels. ADVERTISEMENT – CONTINUE READING BELOW

The AUDUSD sets up between levels on the daily chart The AUDUSD moved sharply higher yesterday breaking above a swing era between 0.6628 and 0.68597. The high price reached 0.68928. That was short of the falling 200 day moving average. There moving average currently comes in at 0.69012. Just above that is the 50% midpoint

I’ve been keeping an eye on the NZD/JPY chart because it’s been flirting with the best levels since 2015. It was able to break out to a seven-year high today but couldn’t hold onto the upside. After reaching 88.14 the pair is now 24 pips lower to 87.59. The reversal from a new high isn’t

AUDUSD runs higher and above swing area on daily chart Risk on flows on the back of the higher stocks, lower yields, lower dollar. The AUD is just behind the JPY as the strongest of the currencies vs the USD. The AUDUSD is currently up around 1.87%. The JPY is up around 2.0% in volatile

The USDJPY is trading at new highs and in the process is testing the highs from last week at 137.85. The high price just reached 137.836. USDJPY back above the broken 38.3% retracement Looking at the daily chart, the price has also moved back above the broken 38.2% retracement of the 2022 trading range at

The AUDUSD dips below the 200 hour MA The AUDUSD is back down, retesting/dipping below the 200 hour MA at 0.67602. Earlier today, in the early Asian hours, the price dipped to that MA on China concerns but found support buyers. The move back higher extended back above a swing area betwee 0.6778 and 0.6782,

GBPUSD backs off from the 100 hour MA In what may be “par for the course” going forward as the market awaits things like the CPI, the Fed and the New Year, the GBPUSD moved up to the target 100 hour MA and swing level nears 1.22212, and backed off to the next downside target

The US 10 year yield has fallen to a low of 3.408% today is currently trading at 3.448%. The move to the downside was strong enough to take the yield back below its 100 day moving average of 3.494%. The last time the yield traded below the 100 day moving averages back on August 19.

The week is finally here. The US CPI will kickstart the markets on Tuesday and that will transition into the Fed decision on Wednesday. Then when that is done, the SNB, BOE and ECB will all announce their interest rate decisions on Friday before the transition into the year end. To better prepare, it is

The USD has a lower bias heading into Friday’s trading vs the EUR, AUD and NZD helped by the run lower on Thursday. The USDJPY is more neutral as it trades between the 100/200 hour MAs With the EURUSD, AUDUSD and NZDUSD tilting more to the upside, what targets lie above and what are the

NZDJPY weekly chart The NZD/JPY weekly chart is one of the more-interesting ones out there right now as it brushes up against the September high. If that breaks, it will take the pair all the way back to 2015 levels and a time when the pair touched 94.00. The general feeling is that yen weakness

USDJPY falls toward 50% midpoint The USDJPY is continuing the move to the downside. The pair reached a new low of 135.86. The price is down -0.50% and the biggest mover vs the USD in the early hours of trading. The move lower is running further away from the 100 hour MA (blue line in

GBPUSD tries to extend above the swing area The GBPUSD traded below – and then above the 100 hour MA – during yesterday’s trading. The move back above the 100 hour MA, tilted the bias back to the upside. Technically, if the price can remain above the 100 hour MA at 1.22073, that would keep

Crude oil now below $72 The price of crude oil is now below the $72 level and is now over $3 below the close from the end of year at $75.35. The current price trades at $71.97 that’s down $-2.24 on the day. The high price reached $75.36. The low price is extended to $71.78.