Technical Analysis

What a day! For the day, the S&P had its fifth-largest intraday reversal from a 52 week low. The low today was down -2.39%. That was a new 52 week low. At the close it was up 2.6% For the NASDAQ index it was the 4th largest reversal from a 52 week low.. At the

GBPUSD races higher ahead of the US CPI data The GBPUSD has raced higher ahead of the US CPI as the rumoured backtracking of the budget proposal send the pair sharply to the upside. Looking at the hourly chart, the move has taken the pric above the 200 hour MA at 1.1874 adn also above

The US CPI will be released tomorrow at 8:30 AM. Adam has put up a post outlining the fundamental expectations for that pivotal release. You can find that report HERE. In addition to know the expectations, it is important for traders to understand the bias, the potential bias shifts (i.e. from bullish to bearish or

The price of WTI crude oil futures are settling at $89.35. That’s down -him $1.78 or -1.95%. The low for the day reached $80.38. The high for the day traded up to $91.33. Looking at the hourly chart below, the price has traded above and below its 100 hour moving average in trading today, but

GBPUSD falls to a new session low The BOE Bailey comments have helped to reverse the GBPUSD lower and the USD back to the upside. Just an hour or so ago, a number of major indices were testing their 100/ 200 hour MA levels on the USD selling (see video here). Those levels stalled the

The USDCAD moved above the 200 hour MA last Friday and after a test, bounced against the MA level. That MA is now close support. Stay above is more bullish. The highs from September and early October loom above between 1.3807 to 1.3836. Above that and the 1.38548 will be the next target before moving

The USDJPY is moving to a new session high and in the process is working toward the swing high from September 22 at 145.90. The price moved above the earlier session high at 145.662. USDJPY trades toward the September high The Bank of Japan intervened in the market on September 22 sending the USDJPY down

Here is my bitcoin technical analysis and price forecast with a 4-to-1 reward-vs-ratio trade idea. That is quite aspiring so partial profit taking can be executed along the way, at your discretion. The stop loss is at $21575. The take profit target is at $10657. I hope the crypto gang doesn’t kill me for this

. The EURUSD stay below the 50% midpoint of the 2 week range The EURUSD move lower after the US jobs report, and in the process dipped below the lower end of a swing area at 0.9733. The underside of a broken trend line was also near that level (on the hourly chart). However the

GBPUSD trades above and below 200 hour moving average The GBPUSD has moved below the 200 hour MA for the 2nd time since the US jobs report. The 200 hour MA comes in at 1.11169 currently. The initial try, took the low to 1.10903 before bouncing. That low tested the broken 38.2% of the 2

USDCAD find support against its 200 hour moving average The him USDCAD moved up to test the early European session high near 1.3761. The high price reached 1.3760 and rotated back to the downside. Higher oil prices are helping to contribute to the loonie’s strength (lower USDCAD). The current prices trading at $91.15. That’s up

The major US stock indices are still up on the week… The broader S&P and Nasdaq indices are both down over 2.2% on the day. The S&P is down -2.22%. The Nasdaq is down -2.85% That’s horrible. However, both indices still remain up on the week. Yahoo! Yippee! What a great starrt to October. A

FOREX QUICK: In a forex quick look video, Greg Michalowski of ForexLive.com reviews the price action in the EURUSD after the US jobs report. The corrective high off of the lows moved up to test a key technical target at the 200 hour MA. Sellers leaned. The price moved back down. The pair now looking

The AUDUSD is moving to a new low and in the process is testing the low of a up and down trading range. That level should find support on the dip. The 100/200 hour MAs are now topside resistance in what is an up and down market for the pair as it waits for the

EURUSD looks toward the 200 hour MA support target The EURUSD is looking back toward the lows for the day. The US stocks are moving back down with 30 minutes left in trading. US yields remain higher with the 2 year up 8.9 basis points and the 10 year up 6.5 basis points. Looking at

> Technical Analysis > EURJPY ping pongs between swing high resistance and swing low/MA support Technical Analysis Traders play the range with sellers more in control today ADVERTISEMENT – CONTINUE READING BELOW Tags ADVERTISEMENT – CONTINUE READING BELOW Most Popular ADVERTISEMENT – CONTINUE READING BELOW ADVERTISEMENT – CONTINUE READING BELOW

Both the EURUSD and the GBPUSD moved lower in trading today and in the process erased much of the gains from yesterday. Each also saw the price move below their respective 100 hour MAs (rising) and both also failed on those breaks fairly quickly. The sellers turned to buyers. The corrective moves higher have seen

Gold moved back above its downward sloping trendline The price of spot gold has moved up 5 last 6 trading days (the one down day was just by $1or $2). The move to the upside took the price from the low on September 28 at $1614.92. The high price today has reached $1729.46. That’s a