Technical Analysis

The Australian dollar was slammed lower, along with other majors, as Federal Reserve Chair took a hawkish tilt in his speech at Jackson Hole: The latest candle on the daily is a bearish outside one. I’m curious if some T/A folks didn’t bother with Powell at all and instead focus solely on the techs, like

Crypto shorts should probably cover here, as ETHUSD is at $1500, and possibly enter again if price closes a 4hr or daily candle below the presented channel, and previously broken bull flag, now being retested for the 2nd time. Traders that are trading Ethereum or any other crypto, should be very minded to what the

In the weekend forex report for the week starting August 29, 2022, I first take a deep dive into the Fed Chair Powell Jackson Hole Symposium speech. The chair had a major change in his tone and the dollar moved higher as a result. After, I take a look at the technicals that are driving

NZDUSD moves to a new low going back to July 19 The NZDUSD – like other pairs – saw dollar selling after the core PCE data – take the pair move up to test the 200 hour MA. Sellers leaned keeping the pair steady. Chair Powell came along and the comments caught hawks attention today.

EURUSD moves back toward 100 hour MA The EURUSD is lower, but is still above the low for the day and the 100 hour MA. The current price is at 0.9977. The low for the day reached 0.99459. That took the price briefly below the 0.99515 level which was the low from July 14 low.

USDCHF falls toward the 200 hour MA The USDCHF is moving to a new session low and at the lowest level since Monday. The 200 hour moving average is being approach at 0.95907. That moving average is near a low swing area between 0.9591 and 0.96046 (see renumbered circles). A move below that level would

This via the folks at eFX. For bank trade ideas, check out eFX Plus. For a limited time, get a 7 day free trial, basic for $79 per month and premium at $109 per month. Get it here. “The long term GBPUSD chart now truly looks awful. One can view it as a major double

Recall from yesterday, the 4 PM London fixing saw the dollar move lower. EURUSD moves back to parity into London fixing Looking at the EURUSD it moved above the 0.99515 swing low going back to July and raced up to the 100 hour MA. Today, the price for the EURUSD moved back below the 100

The following Nasdaq technical analysis shows my slightly bullish bias, and a Long trade, with its stop loss and take profit target It seems to me that Nasdaq futures is eyeing the 13000 round number again, where partial profit can be taken on the Long trade My stop is far and well below the recent

In the morning forex report, i outline the levels in play for the major currency pairs as the clock ticks toward the Jackson Hole Symposium and the Chair Powell speech on Friday at 10 AM. The USD is higher on the day with some of the pairs breaking away from MA levels increasing the dollar

The declines in the USD are being whittled away as yields move back higher. The US 2 year auction was dismal with little in the way of domestic or international demand. The Jackson Hole Symposium may be weighing on the minds of investors. Sale of 2 year notes are generally not a problem, even though

> Technical Analysis > The morning forex technical report for August 23, 2022. What is driving the forex market Technical Analysis What levels are in play for the USD vs the EUR, JPY, GBP and AUD The EURUSD made another new low going back to December 2002, reaching to 0.9900. The price high stayed below

The USDCAD on the daily chart has admittedly been sloppy. There are a lot of moves higher and moves lower on the daily chart going back to October 2021. In the short term, however, the price of the USDCAD has been up 5 of the last 6 trading days. Price action is more trending, or

The strongest to weakest of the major currencies The AUD is the strongest and the EUR is the weakest as the NA session begins. Both those currencies were at the bottom when ranking the strongest to weakest for the trading week last week. Today, they area enjoying a rebound of their fortunes. For the AUDUSD

A rate cut is expected today in China: I’ve marked some levels out on the hourly USC/CNH chart, but I’m sure the technical analysts out there aan do better than me – in the comments please folks. ps. CNH is the offshore yuan. The onshore yuan, CNY, is subject to People’s Bank of China enforced

In this weekend video, I review and preview the fundamental influences in the market and then look at the technicals in the market that are defining the bias, and risk with the focus on the major currencies vs the USD. If you like this video, please give a thumbs up on YouTube. If you don’t

USDCHF races higher. The USDCHF has moved up on each of the trading day’s this week. That move took the price from a London low at 0.9400 to the high today at 0.95968 for a low to high range of 197 pips or 2.08%. Looking at the daily chart, the USDCHF has seen a number

Nasdaq moves below 100 hour MA The NASDAQ index is making a new low for the day at 12682.72. Sellers took the price away from its 100 hour moving average 12765.99 today and have been able to stay below over the 5 hours. Stay below that 100 hour moving average keeps the bears in control.