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 USDCAD yesterday moved higher and moved into a swing area on the 4-hour chart between 1.36049 and 1.36269. In between sits the 61.8% retracement of the move down from the November 2023 high to the December 2023 low at 1.3623. That move to the upside failed and the price rotated back lower into the

GBPUSD moved up to the 100 bar MA on 4-hour chart The GBPUSD has completed its down and up “lap” that saw the pair move from an Asian session high at 1.27305, to a low in the European session at 1.2667 (and briefly below the 200 bar MA on the 4-hour chart at 1.2673), and

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

CNBCs James Kramer interviewed and videos Jansen Huang. Shares of Nvidia when trading at $863.23 as the interview got going. Shares are trading at $856.17 down $28 38 or -3.18%. Looking at the hourly chart below, the prices currently trading below its 100 hour moving average for the first time since February 20 and February

USDCHF is moving higher and looks toward the Feb highs The USDCHF currency pair has seen a notable increase in activity, registering a 49 pip extension in its trading range today. This movement pushes it 3 pips beyond the 22-day average trading range, which equates to approximately one month of trading, making it the first

EURUSD looks toward the 38.2% retracement Not making a mountain out of a molehill, but the EURUSD is trading to a new session low. The price just ticked to 1.0876. The trading range for the day is still only 29 pips versus 49 pips average over the last month of trading. On the downside, the

Sellers in the USDCHF tried to extend it to the downside in the early New York session, but were thwarted by swing area support between 0.88187 and 0.88251. The low price reached 0.88205 before bouncing back to the upside. That move higher has now taken out the prior high for the day at 0.8844 and

Welcome to our latest Bitcoin technical analysis! We delve into the daily timeframe, examining the recent movements and potential future directions of Bitcoin. 🔍 Today’s bitcoin technical analysis highlights: Observation of the past two daily candles and their proximity to the crucial 20 EMA, a significant indicator for algo firms and professional traders. A potential

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

As the trading week works toward a close, what levels are in play for the NZDUSD heading into the new trading week starting March 18. The price action this week has been more bearish with the price moving below the moving averages including the 100 and 200-bar moving averages on the 4hour chart and its

The GBPUSD has moved back to the downside in what has been a down and up and back down again type of day. In the fall, the price has moved back below the 50% midpoint of the move up from the March 1 low to the March high. That comes in at 1.27462. The move

Goldman Sachs has raised its average gold price forecast for 2024 to $2180 from $2090. The current price is trading at $2161. Gold buyers remain in control Looking at the daily chart above, the price of gold extended to a new all-time high last Friday at $2195.15. That run extended above the December 4 high

USDJPY trades to a new session high. Targets 149.196 next. The USDJPY is moving to a new session high and in the process is now moving further away from the 50% midpoint of the move down from teh February high at 148.676, and a swing area between 148.82 and 148.888. The high price reached 149.06

The USDCAD moved higher this week, helped by a sharp rise yesterday after stronger than expected US CPI data and weekly initial and continuing claims. The price extended above a number of moving averages with the 100-day moving average at 1.3527 the final in the MA series. The momentum continued today with the price extending

The USDCHF has moved higher this week, peaking earlier today before moving lower. The subsequent move lower has taken the pair back to a swing area between 0.8818 and 0.8825 and its 200 day moving out at 0.8823. That area has so far held support. If it can continue, the bias remains to the upside.

The kickstart video above for Friday, March 15 takes a technical look at the EURUSD, USDJPY and GBPUSD and outlines what levels are in play, what is the bias, the risks and the targets? Those levels are meant to pave a roadmap for your trading where you can see where the market is reacting. That

The USD buying today has also influenced the price action in the NZDUSD. For that pair, the pair fell and initially found support buyers against the 200- hour moving average and 50% retracement near 0.61418. After bouncing modestly, the sellers piled in and pushed below the dual technical levels. The subsequent momentum in the price

USDJPY trades between 100 and 200-hour MAs today The USDJPY extended to a new week high and in the process also moved above the 38.2% retracement of the move down from the February high. That level comes in at 148.157. The subsequent run-up on the break higher next tested its falling 200-hour moving average at

The strongest to the weakest of the major currency pairs As the North American session begins, the NZD is the strongest and the EUR is the weakest of the major currencies. The USD is tilting to the downside. Once again, the trading ranges for the day are very modest. Looking at the range today vs

The NZDUSD started the day with a move below the low of a swing area at 0.6148. However, the price started to find buyers later in the Asian session, and in the process moved through the high of a swing area at 0.6159. That break took the price up to test its 100 hour moving

Crude oil futures are settling at $79.72. That’s up to dollars and $0.16 or 2.78%. The price today reached $79.78. The low price was at $77.57. Crude oil futures settle at $79.72 The price today is moving away from it 200-day moving average at $77.99 and also its 38.2% retracement of the move down from

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

Both the USDJPY and the EURJPY are moving higher. The run to the upside in each was started in the Asian session after comments from Japanese finance minister Suzuki and later by BOJs Ueda. Technically, the price of each moved up to a moving average technical target and slowed the assent. The price has been

The AUDUSD can get a boost higher on risk on flows from higher stocks, and it can be sold on the back of higher rates (higher USD). Today, we are seeing higher US stocks and higher rates which has helped to cause volatility in the AUDUSD pair today. Having said that, technically,the price has moved

As the North American session begins, the CHF is the strongest and the JPY is the weakest. The day is characterized by very modest ranges and changes for the EURUSD, USDCHF, USDCAD, AUDUSD and NZDUSD. Each of those pair have total low to high ranges of 19 pips or less (AUDUSD only has a 14

US broader US stock indices are starting the week with declines. The Dow 30, however, is eking out a modest again. The small-cap Russell 2000 index is also lower and was the worst performer of the top 4 indices. A snapshot of the closing levels is showing: Dow industrial average up 46.97 points or 0.12%

In this video, I take a technical look at the EURGBP which has been trading in a 275 pip range going back 10 or so trading months. More recently, the low of that range between 0.8492 and 0.8522 has been tested. Today the price bounced back above that lower range which could signal the end

The JPY is the strongest and the AUD is the weakest as the North American session begins. The USD is in the middle of the major currency table with a mixed picture to start the trading day and the week. The ranges are very narrow to start the week and those ranges, are well below

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