USDJPY bounces off 100 bar MA on the 4-hour chart. Can the buyers keep the momentum?
The USD/JPY pair moved lower during the morning U.S. session but found support at the rising 100-bar moving average on…
Category: Technical Analysis
NASDAQ index now down over 1% on the day. Russell 2000 maintains its gains
There is a shift out of the different major indices today. The Dow industrial average and the Russell 2000 are…
EURUSD falls to a new 2024 low below 1.04956. The 2023 low at 1.0448 is the next target.
The EURUSD is breaking lower, and in the process has moved to a new 2024 low. The old low from…
USDCAD breaks below a cluster of technical levels
The USDCAD is moving lower and in the process has broken below a cluster of technical levels including: Upward sloping…
NZDUSD index moves lower and sellers are in control, but there is some key support holding
The NZDUSD fell sharply last week and in the process fell below a key support area between 0.5848 and 0.5859.…
What technical levels are in play for some of the major currencies vs the USD for Nov 21
As the North American session begins, the dollar is mixed. The USDJPY is lower (lower USD) by about 0.60% and…
GBPUSD Technical Analysis – Waiting for a breakout
Fundamental Overview The US Dollar continues to consolidate despite the higher-than-expected inflation figures and a less dovish Powell last week.…
USDCAD Technical Analysis – We are at a key support zone
Fundamental Overview The US Dollar continues to consolidate despite the higher-than-expected inflation figures and a less dovish Powell last week.…
Crude Oil Technical Analysis – We are stuck in a range
Fundamental Overview Crude oil remains confined in a range between the 72.00 resistance and the 67.00 support as the market…
Gold Technical Analysis – New highs as rate cuts repricing pauses
Fundamental Overview Gold continues to make new highs as the correction from the repricing of the rate cuts ended last…