USDCHF buyers look higher, but run into 38.2% retracement .Can the buyers keep going?
The USDCHF has moved higher today and in the process, has stretched toward the 38.2% of the move down from…
Category: Technical Analysis
NASDAQ index back above its 100 day moving average
The NASDAQ index fell -238.04 point at session lows today. It is now flipped that decline and transact 244.18 points…
GBPUSD trades to and through the 38.2% retracement of the August trading range
The GBPUSD trended higher in August taking the price from a low on August 8 of 1.26649 to a high…
USDCAD trading down and up but stays below the 38.2% of the August trend move lower
The USDCAD has traded down and back up today. The low price earliers today, moved below the 200-day MA at…
AUDUSD falls below a cluster of technical levels but momentum lower is fading.
The AUDUSD moved lower after the stronger core CPI data. On the break lower, the price moved below a cluster…
Dow now down -700 points
The US stocks are continuing their decline with the Dow now down 700 points or 1.70%. All the Dow 30…
Kickstart the FX trading day on Sept 11 w/a technical look at the EURUSD, USDJPY & GBPUSD
The US CPI data came in a little bit stronger-than-expected especially from the core inflation perspective. Shelter was to blame…
EURUSD Technical Analysis – The US CPI and ECB decision in focus
Fundamental Overview The bullish momentum in the USD is starting to fade as Treasury yields continue to fall. We had…
The JPY is the strongest and the NZD is the weakest as the NA session begins
The JPY is the strongest and the NZD is the weakest as the North American session begins. The USD is…
Russell 2000 Technical Analysis – The market has become sensitive to soft data
Fundamental Overview Last Friday, the Russell 2000 sold off following the weaker than expected NFP report even though the details…