Technical Analysis

While the stocks continue to push higher, the USD is more stuck. EURUSD: The EURUSD moved below the 100 hour MA (at 1.04473)and swing area (1.0448 to 1.0461) in the Asian session and remains below those levels. The next key target comes in at the 50% of the move down from the December high at

The song remains the same with regarrd to the USDCAD. The pair remains within a bigger trading range between 1.42899 and 1.4466. In between says the 100 and 200 hour moving averages at 1.4372 and 1.4382 respectively. The price is currently testing those moving averages. A move below, would tilt the technical bias more to

In the text from the kickstart post released earlier today, I noted: EUR/USD: The pair moved lower in the early Asian session but found support from buyers within a key swing area and the 61.8% retracement of the move down from the December high, between 1.0448 and 1.0461. Buyers regained control, pushing the price back

The AUD/USD is bucking the broader trend of a weaker U.S. dollar, with the pair moving lower (stronger USD). In its decline, the price has fallen back below a key swing area between 0.6287 and 0.6301, as well as the 38.2% retracement of the move down from the November 25 high. This area now acts

The USD/CHF has moved lower, breaking below the 38.2% retracement of the December low-to-high move at 0.90209, which now acts as key resistance. Staying below this level reinforces the bearish bias, while a return above could frustrate sellers. Following the break, the price targeted the 50% retracement at 0.89655, finding initial buyers there during the

EURUSD: The EURUSD stretched above a retracement (61.8% from the December high) /ceiling area today, increasing the bullish bias. That area came between 1.0448 and 1.0461. That area will be a key barometer in the new trading week. You can read the commentary HERE and watch the detailed video below: USDJPY: The USDJPY remains in

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 GBPUSD is the biggest mover today with a run to the upside of above 1% on the day. Better PMI data for manufacturing and services gave the pair a shove to the upside. Technical breaks were a tailwind for the move as well. Technically, the run higher saw the pair move above a swing

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

In trading today, the price of the AUDUSD moved above the 38.2% of the move down from the end of November high at 0.6290 along with the swing area between 0.6287 and 0.63016. The break is more bullish. Moreover, the price correction in the early US trading today, fell and tested the high of that

The NZDUSD has made a break to the upside and in doing so, extended above a swing area between 0.5683 to 0.5691. Within that ceiling area, sits the 38.2% retracement of the move down from the end of November high. That shows that the buyers are looking to take more control. Can the buyers keep

Earlier today, I posted and talked about the EURUSD technicals. I wrote: The EURUSD broke higher today with a move above a swing area between 1.0448 and 1.0461 and the 61.8% of the move down from the December high (at 1.0456). Going forward, staying above that area is more bullish. ON the topside, there is

This week, the buyers in the USDCAD had their shot on a break to the upside. THey missed. THe sellers had their short on a break to the downside. They missed. The breaks up-and-down took the price of the pair outline a Red Box that is between 1.42899 and 1.4466. That Red Box was started

The video above outlines the technicals in play for the 3 major currency pairs, the EURUSD, USDJPY and GPUSD. The BOJ did raise rates by 25 basis points to 0.50% as per expectations. A summary of the statement: The Bank of Japan (BOJ) decided to raise its policy rate by an 8-1 vote, with board

S&P index closes at a new record level S&P index closed at a new record high. The broadest market index rose by 32.35 points or 0.53% to 6118.73. That took out the previous high close of 6099.97 from December 6. Yesterday, the index traded to a new intraday high of 6100.81 but close below the

The price of crude oil is settling at $74.62. That is down $0.82 or -1.09% on the day. Technically, the price fell below its 200-day moving average at $75.01 (green line) going back to January 8, the high price stalled against that level and then broke above it on January 10. The last two days

Fundamental Overview The Nasdaq has been keeping the bid since last week as the softer than expected US inflation data gave the market a boost. We haven’t got any key economic report since then and no comment from Fed speakers given that they are in the blackout period. The main driver of the price action

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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

Fundamental Overview The USD has been marginally weaker recently due to lower than expected US inflation figures last week that sent Treasury yields lower and made the market to price in higher chances of a second rate cut by the end of the year. We’ve also got lots of whipsaws in the last couple of

The President is announcing an AI infrastructure deal with Oracle part of the JV which includes OpenAI and Softbank. Shares of Orable surged on the deal and in the process made a move technically above the stocks 100 day MA at $170.48. The price also moved above the 100 and 200 hour MAs. The 200-hour

The GBP/USD moved lower during the Asian and European sessions but found support near the converged 100- and 200-hour moving averages (MAs). Sellers turned into buyers at this critical area, and the pair began to rotate back to the upside. The upward momentum has now pushed the price toward the 50% retracement level of the

TradeCompass for Russell 2000 Futures (RTY) – January 21, 2025 Current Overview:Russell 2000 Futures (RTY) are trading at 2298, slightly below the psychological 2300 round number, an area that often attracts price fluctuations. With a tight range defined by bullish momentum above 2307 and bearish sentiment below 2301.5, today’s trading session offers clear levels for

Fundamental Overview Copper has been rallying steadily since the start of the month as the market is looking forward to improving global growth in 2025. As a reminder, the Chinese Politburo announced last year that it will adopt a “moderately loose” strategy for monetary policy for 2025 and will seek a “more proactive” fiscal policy.

TradeCompass for January 20, 2025: Crude Oil Futures (CL) Analysis Crude oil futures (CL) are currently trading at $77.14, with the following thresholds: Bullish Above: $77.54 – Signaling upside momentum if crossed. Bearish Below: $76.97 – Indicating a bearish stage if breached. Why These Thresholds Matter Bullish Above $77.54: This price is above today’s VWAP,

Fundamental Overview Crude oil has been rallying steadily since the breakout of the range as the improving US manufacturing activity and the tougher US sanctions on Russian crude triggered a 12% squeeze in a heavily shorted market. The focus now switched to Trump as he’s expected to sign executive orders on energy and potential declaring

TradeCompass for January 20, 2025: Japanese Yen Futures (6J) Analysis The Japanese yen futures (6J) are currently trading at 0.0064570, placing the market in bullish territory, as the price has moved above the January 15th Value Area High (0.0064530). This level serves as a critical threshold for determining potential upside momentum in today’s trading session.

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

In the above video, I take a look at the technical levels in play for the AUDUSD heading into the new trading week. For the week, the low on Monday traded to a new low going back to 2020, but could not sustain the bearish momentum. The subsequent rise saw a double top established at

In the video above, I take a look at the technicals driving the NZDUSD as we look toward the new trading week. The sellers are more in control below a cluster of MA with a high at 0.5612. If the price cannot get above those MAs, the sellers are in full control A move above