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 NZDUSD moved lower yesterday and found support at a swing level off the daily chart and near a downward sloping trend line on the hourly chart. The subsequent rise today has seen the price move up to test a key hourly moving average. That moving average held resistance yesterday, and it held resistance on

USD The Fed left interest rates unchanged as expected 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. Fed Chair Powell maintained a neutral stance as he said that it was

The NZDUSD price has extended to a new low for the trading year and extended to the lowest level since November 17. The low on that day came in at 0.5939 which is where the price decline stalled today. The current price is trading at 0.59487. Earlier today, the high praise tried to extend above

The USDCAD is running to the upside and in the process is moving away from the 100/200 bar MA on the 4-hour chart. Both of those moving averages are near 1.3536 (the current price is trading at 13582). The price high has moved to 1.3585 which was also the hybrids going back to the week

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 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. Fed Chair Powell maintained a neutral stance as he said that it was

The has moved up to a new session high at 5262.47, and in the process is trading at a new intraday all-time high price extending above the March 21 at 5261.10. The S&P is looking to end the quarter with gains of over 10% and the largest first-quarter gain since 2019. The current gain is

The price of WTI crude oil futures is settling at $83.17. That is up $1.82 or 2.24% on the day. The price is settling near the high for the day at $83.21. Technically, the 100-week moving average is at $83.05. Closing above that level is more bullish. The next target comes against the 61.8% retracement

USDJPY trades up and down The USDJPY remains in an up-and-down market as the day moves toward the close. The price is marginally higher now and tests the 100 hour MA at 151.39. The highs from earlier today did get above those levels, but could not sustain the upside momentum When the price is in

The price of crude oil is trading up $1.41 or 1.73% today at $82.77. With 1Q quarter end approaching, the price is up a solid 15.53%. The price at the end of the year closed at $71.65. The gain is the largest since Q3 in 2023 when the price surged 28.52% only to then decline

With the stock market closed tomorrow, today is the end of the month and the quarter for stocks. Russell 2000 is trading at the 52-week high The Russell-2000 of small-cap stocks are doing the best of the major US indices today with a gain of 0.89% and in the process is trading to a new

The major US stock indices are closing higher helped by a late day buying spree. The S&P closed at a record high (its 21st this year). The small-cap Russell 2000 was the biggest mover after rising 2.13% on the day. Although the S&P index closed at a record high level, it did not reach its

GBPUSD trades above the 100 day MA, but below 200 day MA. The GBPUSD last Friday moved below its 200-day MA (at 1.2590), and the low of a swing area between 1.2594 to 1.26137. That should have led to more selling momentum, but that did not happen. The price recovered higher. On Monday, there was

US 10-year yields are at a two-week low, down 4.6 bps to 4.188% and at the lows of the day. That comes after a strong seven-year auction to follow up on yesterday’s firm 5-year result. The auction sizes this week are huge but the demand is there, at least in terms of quarter-end flows. The

USD The Fed left interest rates unchanged as expected 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. Fed Chair Powell maintained a neutral stance as he said that it was

USD The Fed left interest rates unchanged as expected 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. Fed Chair Powell maintained a neutral stance as he said that it was

BTCUSD 4 hourly chart shows a failed breakout Bitcoin’s recent price action on the 4-hour chart presents a fascinating narrative of a failed breakout, highlighting the constant battle between bulls and bears in the cryptocurrency market. Here’s an in-depth look at the technical analysis of Bitcoin’s performance and what traders might anticipate next. Bitcoin’s Failed

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

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 USDJPY bumped against three-year highs this week on both Wednesday and Friday, and found willing sellers each time. The high on Wednesday reached 151.81. The high today reached 151.85. That compares to the 2022 high at 151.95, and the 2023 high at 151.91. So over the last three years, the swing highs are within

Crude oil futures are settling at $80.63. That is down $0.44 or -0.54%. The low for the day reached $80.42. The high was up at $81.45. For the trading week, the price is down -0.51% on a decline of $0.41. At session highs this week, the price was up $2.08. At session lows, the price

The EURUSD is trading at new session lows and lows for the week. In the process, the pair is testing the high of a swing area near 1.0847 and the 61.8% of the move up from the February low to the March high at 1.08036. The swing area extends down to 1.07955 (see red numbered

The NZDUSD – like some of the other currency pairs vs the USD this week – saw multiple up-and-down price action. It moved to the upside on Wednesday and was spurred on by the FOMC rate decision. Its move back to the downside on Thursday and today was spurred by stronger growth and a rotation

Italy is targeting GDP growth of 1% for 2024. That is above economist estimates. Meanwhile, the EURUSD is trading near lows for the day but above the support at the 61.8% retracement of the move up from the February low at 1.08036, and above and swing low going back to the end of February and

The USDCAD has traded up-and-down this week. The initial move was higher into the top-side swing area resistance. In the middle of the week the move was to the downside (after the FOMC rate decision). The last two days have been back to the upside. In the process the upside, the price has moved back

USD The Fed left interest rates unchanged as expected 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. Fed Chair Powell maintained a neutral stance as he said that it was

The price of crude oil futures are closing at $81.07, down $0.20 or -0.25%. The high for the day reached $81.92. The low for the day was at $80.30. News out of Israel was that Israeli forces will look to control Rafah despite opposition from Washington. Looking at the hourly chart, the low price tested

THe USD has moved to new highs vs a number of the major currencies. It is not the strongest of the major currencies: The USD is now the strongest of the major currencies Helping is a move higher in rates, but also some better data in the US including continued jobless claims data, existing home

The USDJPY stalled at some key levels at the highs today, and on the run lower after the 40 rate decision and comments from that that is press conference held some pretty key support against old highs from 2024 and a key retracement level. It keeps the buyers and sellers in a battle. Find out