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The EURUSD spiked higher after the CPI data but respected the 200 hour MA for the 2nd time today. In the kickstart video, I outlined how the price needed to get above the cluster of MAs to increase the bullish bias. That was not done. Sellers leaned. The price moved back down.
The selling has...
The price of bitcoin is trading lower with the price now down around -2.7% to $94,700.The low price has reached $94,578.
The move lower was foreshadowed by the break and inability to extend back above the broken 200-hour MA at $98244. Buyers turned to sellers.
What next?
The next target...
The USD/JPY rebounded from an earlier dip in the Asian Pacific session, hitting new weekly highs and testing the 38.2% retracement level at 151.736 in the London morning session. Sellers stalled the pair near that MA coming into the US session with the price trading around 151.52 at the start of...
The USD/CHF pair moved higher during the Asian-Pacific session, briefly breaking above a key swing area between 0.8794 and 0.87995 (rounded to 0.8800). The high of the day reached 0.88035 before reversing to the downside.
The failure to sustain momentum above 0.8800 triggered a move lower, with...