The USDJPY, GBPUSD and USDCHF are each using the 100 hour MA as a risk/bias defining level
The USDJPY, GBPUSD and the USDCHF have each seen up and down action today. For the USDJPY and GBPUSD, the…
Category: Technical Analysis
AUDUSD Technical Analysis – The market is waiting for further catalysts
Fundamental Overview The US Dollar continues to consolidate despite the higher-than-expected inflation figures and a less dovish Powell last week.…
NASDAQ index remains under pressure.
The NASDAQ index continues to fall. In premarket trading at the start of the US session, the index was up…
EURUSD retraces gains from yesterday moves back to swing area support at 1.05158
The EURUSD moved to a new high for the week in the early trading hours from the Asian Pacific market,…
USDCAD bounces higher after two days of declines. Prices back above 2022 high at 1.3978
The USDCAD moved lower over the last two trading days and in the process retested a swing area between 1.39458…
Ford to cut 4K jobs within Europe (Germany and UK). Cite weak EV demand.
Ford is announcing they will cut 4000 jobs primarily in Germany and the UK. They blame week EV sales and…
What technical levels are in play for some of the major currencies vs the USD
To start the US session , the USDJPY is the biggest movers as it bounced back to the upside extending…
Nasdaq Technical Analysis – The market bounces from a key trendline
Fundamental Overview Last week, we got a pullback in the Nasdaq as the higher-than-expected inflation readings and a less dovish…
S&P 500 Technical Analysis – The path of least resistance remains to the upside
Fundamental Overview Last week, we got a pullback in the S&P 500 as the higher than expected inflation readings and…
NZDUSD Technical Analysis – The lack of catalysts keeps the market rangebound
Fundamental Overview The US Dollar continues to consolidate despite the higher-than-expected inflation figures and a less dovish Powell last week.…