Technical Analysis

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not

The AUDUSD and the NZDUSD are lower on the day as “risk off” flows from geopolitical tension weighs on the pairs. For the NZDUSD it has reached the lows from last week at 0.59364. So far buyers are leaning against the level. The price is bouncing marginally. The AUDUSD has moved below a swing area

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not

USD The Fed left interest rates unchanged as expected at the last meeting with basically no change to the statement. The Dot Plot still showed three rate cuts for 2024 and the economic projections were upgraded with growth and inflation higher and the unemployment rate lower. The US CPI beat expectations for the third consecutive

The AUDUSD corrects higher today but into a cluster of MAs including the 100/200 bar MAs on the 4-hour chart and the 200-day MA. Although the price gets above the 200 day MA and the 100-bar MA on the 4-hour chart, it cannot extend above the 200-bar MA on the 4-hour chart, and buyers turn

The decline in the US yields has now been retraced with the yields further out the curve, now up on the day again. 5-year yield 4.615%, +0.2 basis points 10 year yield 4.572%, +1.2 basis points 30-year yield 4.666%, +3.2 basis points The U.S. Treasury will optional 30-year bonds at 1 PM ET, completing their

The USDCHF has corrected lower after tamer PPI data in the US this morning. The fall took the price of the USDCHF pair below the old swing high from earlier in April at 0.90949, but found support buyers again stay swing area at 0.90712. The ability to find support buyers against that level and “stalled

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not

EURUSD bounces off a support target area The EURUSD move lower today wasn’t over until it hit a swing area between 1.0722 and 107314. At that level, buyers have stuck a toe in the water and pushed the price modestly to the upside. The current price trades at 1.0742. Looking at the 4-hour chart, that

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not

The major US stock indices are tilting back to the downside with the three major indices now down around -0.45% to -0.55%. A snapshot of the market currently shows: Dow industrial average -216.30 or -0.56% at 38676.88 S&P index -27.16 points or -0.53% at 5174.98 NASDAQ index -75.57 points or -0.47% at 16177.50 Looking at

The price of the WTI crude oil futures are settling at $85.23. That is down $1.20 or -1.39%. The high price for the day reached $86.94. The low price was at $85.11. The price is closing near the session lows. Looking at the hourly chart above, the price is approaching its rising 200-hour moving average

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not

The EURGBP sellers held resistance against the 100 day MA a few weeks ago and again last week. Today, the price moved up to retest that MA once again at 0.8584 and sellers once again stalled the rally. As a result of the history, it would now take a move above that level and also

Both the EURUSD and GBPUSD are stretching to new at-session highs. For the EURUSD, in its run higher, it is now moving further away from its 50% midpoint of the March 2024 trading range. That level comes in a 1.08522 and represents close support now for the pair. The next key target comes against a

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not

Oil prices have been moving up since late December 2023 and are now (for Brent) forming a ‘Golden Cross’. This is a sign that technical analysts like, when a shorter-term moving average (MA) crosses above a longer-term MA: 50 and 200 day simple moving averages (SMAs) are commonly used, but those parameters are not chiselled

I am looking for Bitcoin to achieve a new all time high in the near future. See where it might find sellers. Bitcoin technical analysis: Getting ready for a new ATH. 🔍 Technical perspective for the crypto king: As I delve into the weekly Bitcoin chart, it’s clear that the bullish momentum continues to surge.

Kickstart your forex trading week, by watching the above video, where I outline the key technicals in play for the major currencies vs the USD. What is the bias, the risks, the targets? What did we learn from the last week of trading that will help guide the roadmap for the current week? You won’t

Hey traders, it’s time for another round of Apple stock technical analysis. As one of the world’s most valuable companies, understanding Apple’s (AAPL) stock trajectory is super important for investors. Let’s look at the chart I’ve included and break down some key signals. Chart analysis of AAPL on the weekly chart: Awaiting a retest (see

Japan’s Nikkei 225 is trading down -2.42% on the day and that is on pace for its worst declining day since December 20, 2022. Declines come on the back of selling in the US stocks yesterday. After earlier gains in the day on Thursday, the S&Pm, Dow and NASDAQ indices all retreated by over -1.23%

EURJPY is looking to test a key target New The EURJPY is following the USDJPY entry into the lower in trading today continuing the decline started in the late US session. Looking at the 4-hour chart above, the price is now within a swing area that was a highlight going back to February and into

Fellow stock market investors & traders: Watch the high weekly RSI Today, let’s delve into a valuable tool for navigating the S&P 500 Emini futures market: the Relative Strength Index (RSI). The chart you see here displays the RSI for the S&P 500 e-mini futures, the main gauge of the entire US stock market. The

USDJPY falls to the swing area The USDJPY is taking a run lower and in the process has moved to a swing area between 150.718 and 150.88. The level corresponds with an old ceiling going back to February and March. The price moved above the ceiling on March 19, and had one failed break below

On Thursday, the USDJPY fell sharply in the US afternoon session as the sellers in the stock market led to risk-off sentiment, lower yields, and that sent the pair to the downside. Technically, the price fell back below its 100-hour moving average at 151.58, and it 200-hour moving average at 151.485. Recall that the price

📉 AMD’s stock technical analysis: Is a 34% correction looming? 📉 Stay Ahead of the Curve: For the savvy traders and investors looking to keep a pulse on Advanced Micro Devices (AMD), catch the most important news summaries each trading day. Stay informed on key valuation metrics, recent insider trading, and updated analyst recommendations for

In this video, I take a detailed look at the levels in play for the USDJPY as we look toward the US close and the start of the new trading day. On the top side there is a strong ceiling in place between 151.91 and 151.97. On the downside, there is support against the 100

Crude oil futures are settling at $85.43. That is up $0.28 or 0.33%. The high price for the day reached $86.20. The low price was at $84.85. The weekly inventory data showed that crude oil stocks showed a build of 3.210 million barrels. The expectations was for a draw of -1.511 million barrels. Gasoline stocks

USDCHF trades to the 200 hour MA and finds support The USDCHF earlier today reached up to the highest level of the year at 0.90949. However the last three or four hours have seen a rotation to the downside after the weaker than expected ISM nonmanufacturing data. Fed’s Powell also, the market at that sending

A Bullish Beacon in Forex: The Unstoppable Rise of the Peso 📈 The Mexican Peso’s journey is a bright spot in the Forex markets, proving to be a treasure trove for those with the right strategy and the virtue of patience. Opinion: Mexican Pesos are strong and rising October’s Opportunity: Quick Dips and Steady Gains