Technical Analysis

EURUSD below the 200 hour MA. Stay below is more bearish. The EURUSD moved lower in the Asian session (see earlier post here), and entered into a swing area in the London morning session between 0.99258 and 0.9898.The 200 hour MA (green line) was also in that area near the low (at 0.9900). Since then,

In the weekend forex video – “Three down. Three to go” – I outlined how the USDCHF closed just below the 100 bar MA on the 4-hour chart near 0.9973 and that a move above that MA level would have traders targeting the 50% of the move down from the cycle high this year at

> Technical Analysis > Three down.Three to go. The RBA, BOE and Fed will be the next CBs to report policy changes Technical Analysis IN the weekend report, I also look at the technicals that will drive the major currency pairs in the new trading week ADVERTISEMENT – CONTINUE READING BELOW Tags ADVERTISEMENT – CONTINUE

The forex market seems to be in one of those up and down Fridays. Coming into the weekend – and ahead of the FOMC rate decision next week where the Fed is expected to raise rates by 75 bps – the price action is up and down in some of the pairs. In others –

Dow industrial average test its 200 day moving average The Dow industrial average is leading the way today with a 540 point rise or 1.7%. The current prices trading at 32573.46. The high price reached 32661.74. Looking at the daily chart, the high price was able to extend above its 200 day moving average at

The median stock price prediction for Apple Inc. is set at $180, provided from 37 analysts who have provided price estimates for the next 12 months The highest Apple stock prediction is $200 and the lowest prediction is $122 Apple stock forecast from ForexLive.com, based on the following technical analysis video, is set at a

GBPUSD back toward the downward sloping trend line The GBPUSD is moving higher and looking to go out for the day near the highs. The high price has reached 1.16226. That is within 8 pips of the downward sloping trend line at 1.1630 currently. Yesterday the price moved to high of 1.1644. The 38.2% of

The S&P index is trading to a new session high and in the process is testing the high price from Wednesday’s trade up at 3886.15. The high price just reached 3884.51. S&P index tests the high from Wednesday On a move above that level, traders will next target the falling 100 day moving average which

The EURUSD is pushing to a new low. The low has reached 0.99633. The 0.99515 is the next downside target for the pair. That level represents the 50% midpoint of the range since the September high. It also is the swing low going back to July 14, and the cycle low at the time on

The EURUSD has seen ups and downs since the ECB rate hike. The volatility has taken the pair above and below the parity level at 1.0000. As London/European traders look to exit, sellers are making another play to the downside. The questions for traders now from a technical perspective are: Can the price remain below

USDCHF trades down toward the 200 bar MA on 4-hour chart The USDCHF today moved down to test the lower target area defined by a swing area between 0.9848 and 0.9873 and the 200 bar MA on the 4-hour chart at 0.98431. The last time the price closed below the 200 bar MA goes back

Adam called the USDCAD right. The BOC hiked by 50 basis points instead of 75 basis points, and that initially sent the USDCAD higher (CAD lower). However, as Adam pointed out in his post, the Bank of Canada surprise move could set the stage for the CAD rally. That is exactly what happened. Click on

ARK Innovation skims the Covid lows and is seeing a bounce. Have a hunch and want to be in the riskier stocks? Bet a bunch. Buy the ARKK The ARK Innovation fund – managed by Cathie Wood – moved to a low of $33.74 on October 13. Yesterday the low reached $34.06. Today the price

EURUSD on the daily chart Focusing on the daily chart of the EURUSD , the sharp move to the upside today has taken the price above a downward sloping trendline on the daily chart near the 0.9943 level. Just above that is also the July 14 low at 0.99515. Recall, the market was moving sharply

The major US indices are higher led by the Dow industrial average is up 377 points or 1.21% at 31458. The S&P index is up 34.16 points or 0.91% at 3787. The NASDAQ index is up 32 points or 0.30% at 10892. Dow industrial average is above its 100 day moving average Looking at the

USDJPY skims the 200 hour MA The USDJPY has seen volatile up and down trading over the last few days. The Bank of Japan came in and intervened, pushing the price down to a low of 145.484 before snapping back to the upside. The subsequent high price move back to 149.454. That was just short

The price of WTI crude oil futures has moved to a new high of $86.09. Currently the prices trading at $85.93. That’s up $3.11 from the $82.82 settlement price yesterday or 3.75%. The move to the upside has the price testing its 100 hour moving average at $85.93. The price has found resistance sellers against

The September Australian jobs report will be released in the new trading day. Are you ready? Do you know the bias defining levels? Do you know the risks? Do you know the targets on a trend like move? In this video, I outline all the levels in play that will make you aware and prepared.