USDCAD finds buyers near the rising 100 hour MA today. Upside work is still needed.
The USDCAD is finding buyers against its rising 100 hour moving average currently at 1.35756 (see rising blue line on…
Category: Technical Analysis
Gold is precious in the eyes of investors. The precious metal breaks to new all-time highs
The price of gold has been trading between $2471 and $2531 since August 16. There have been a number of…
USDCHF moves above the 38.2% of the last move lower from the mid-August high.
Yesterday, the USDCHF moved above its 100 hour moving average, eight 200 hour moving average, and its 100 bar moving…
USDJPY moves lower after PPI data. Sellers in control.
The US PPI data was more or less as expected. It did not change any projections for Fed policy decision…
The AUD is the strongest and the CHF is the weakest as the NA session begins
The AUD is the strongest and the CHF is the weakest as the North American session begins. Having said that,…
S&P 500 Technical Analysis – Back inside the old range
Fundamental Overview Yesterday, we got the US CPI report and, although as expected it didn’t have the same large impact…
Nasdaq Technical Analysis – Incredible rally after the US CPI report
Fundamental Overview Yesterday, we got the US CPI report and, although as expected it didn’t have the same large impact…
USDCHF Technical Analysis – The US CPI triggers a repricing in expectations
Fundamental Overview Yesterday, we got the US CPI report and, although as expected it didn’t have the same large impact…
Gold Technical Analysis – Can’t get out of this range
Fundamental Overview Yesterday, we got the US CPI report and, although as expected it didn’t have the same impact as…
GBPUSD bounces off natural support at 1.3000 today
The GBPUSD moved lower after the US CPI data, and in the process broke below its 38.2% retracement of the…