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RSS Market Recap: U.S. stock indices rise today, but close with weekly losses
The major U.S. stock indices ended the day with gains of 1% or more for all three major benchmarks, but they closed lower for the week. Here’s a detailed snapshot: Closing Levels (Daily Gains): Dow Jones Industrial Average: rose 498.82 points (+1.18%) to close at 42,841.06. S&P 500 Index... -
RSS USDCHF reaches its 200 hour MA and swing area target
The USDCHF fell below its 100 hour moving average, swing area and upward sloping trendline near 0.8956. That tilted the short-term bias to the downside. That momentum continued to the next key target area defined by the rising 200 hour moving average (green line on the chart above) and a swing... -
RSS EURUSD testing the 100 hour MA and near a key swing area
The EURUSD is stretching higher and it has now broken back above the November 26 swing low at 1.0442 and is testing its falling 100-hour moving average at 1.0443 (blue line on the chart above). Just above that is a swing area between 1.0448 and 1.0461 and the falling 200-hour moving average at... -
RSS GBPUSD breaks higher. The next key target area between 1.2596 and 1.26147
The GBPUSD has continued the move higher after trading to the lowest level since May 10. The low price reached 1.24865 after breaking below the November low at 1.24865. The price started to push back higher in the early US session and started to "take back" the breaks below the swing lows going... -
RSS The USDCHF has fallen below the 100H MA, trendline support and swing area support @ 0.8956
Summary 📉 Key Break Below 0.8956: The USDCHF dropped below significant resistance levels, including the 100-hour moving average, previous highs, and a trendline support level. Staying below keeps the sellers more in control in the short term. . 💡 Resistance and Support Analysis: A critical... -
RSS Lots of balls in the air moving markets with the US government getting in the act today.
In the video above and focus on the technicals that are driving the three major currency pairs - The EURUSD, USDJPY, and the GBPUSD. The markets are reacting to the chances of eight US government shutdown and the hangover from the Fed BOE and BOJ rate decisions. For the US stocks, it is not the... -
RSS USDCHF Technical Analysis – The FOMC spike is getting faded
Fundamental Overview The USD got a boost from the FOMC decision as the market perceived it as more hawkish than expected. Overall, apart from some slight tweaks, the Fed matched the market’s pricing. Nonetheless, the market reacted in a big way pushing Treasury yields higher and giving the USD... -
RSS GBPUSD Technical Analysis - Will the November low hold?
Fundamental Overview The USD got a boost from the FOMC decision as the market perceived it as more hawkish than expected. Overall, apart from some slight tweaks, the Fed matched the market’s pricing. Nonetheless, the market reacted in a big way pushing Treasury yields higher and giving the USD... -
RSS EURUSD Technical Analysis – The pair is challenging the 2024 low
Fundamental Overview The USD got a boost from the FOMC decision as the market perceived it as more hawkish than expected. Overall, apart from some slight tweaks, the Fed matched the market’s pricing. Nonetheless, the market reacted in a big way pushing Treasury yields higher and giving the USD... -
RSS USDJPY Technical Analysis – Deadly mix sends the pair higher
Fundamental Overview The USD got a boost from the FOMC decision as the market perceived it as more hawkish than expected. Overall, apart from some slight tweaks, the Fed matched the market’s pricing. Nonetheless, the market reacted in a big way pushing Treasury yields higher and giving the USD... -
RSS Crude oil futures settles at $69.38, down -$0.64 or 0.91%
The price of crude oil futures are settling at $69.38. That is down -$0.64 or -0.91% on the day High of $70.54/bbl, low of $69.22/bbl. The price stayed below the 100 day MA at $71 him .14. It will take a move above that MA to increase the bullish bias. This article was written by Greg... -
RSS Bitcoin moving down and away from $100K
The price of bitcoin has reached a low of $96782 and bounced modestly. The digital currency currently traders at $98434 down -$1739 or -1.71% on the day. Looking at the hourly chart, the price moved below the 100 and 200 hour MAs yesterday and then corrected higher, reaching the 200 hour MA... -
RSS GBPUSD falls to new session lows
The GBPUSD is moving to new lows and in the process is chipping away at the November lows. The next downside targets will look toward the swing lows from NOvember 26 at 1.2506 and then the low from November 22 at 1.24865. Moving below those levels will take the pair to the lowest level from May... -
RSS USDJPY continues the trend move to the upside. Resistance target area reached
The USDJPY has continued the trend move to the upside and in doing so has reached a swing area between 157.55 adn 158.42. The high price has so far reached 157.80. The move to the upside based on Tueday and early Wednesday against the 100 hour MA. The FOMC decision led to to run higher... -
RSS AUDUSD correcting higher after the sharp break and back toward swing area resistance.
The AUDUSD is correcting higher in trading today after the sharp move lower yesterday after the hawkish cut from the Federal Reserve. The price moved to a low near natural support at 0.6200 (the low reached 0.61983) and bounced. The high price today reached 0.62646. That was just below the low... -
RSS The USDCAD retraces lower but finds support buyers ahead of support target
The USDCAD spiked higher with the overall dollar buying yesterday, and that took the price above a swing high from 2020 at 1.4348. The price today has moved back to the downside in trading today, but has so far found support at that swing level. It is a short term bias defining level that if it... -
RSS USDCHF backs off and trades between the close support & resistance levels post FOMC spike
The USD/CHF currency pair experienced a sharp upward move yesterday following the FOMC rate decision. The price climbed above the key resistance level of 0.9000, reaching a high of 0.90213 before retreating today. The decline extended toward the November high of 0.89569, where buyers provided... -
RSS The technicals for the 3-major currency pairs - EURUSD, USDJPY and GBPUSD
In the video above, I go through the technicals that are guiding the 3-major currency pairs today - the EURUSD, USDJPY and GBPUSD - after the Fed, BOJ and BOE all announced interest rate decisions. This article was written by Greg Michalowski at www.forexlive.com. -
RSS Russell 2000 Technical Analysis
Fundamental Overview The Russell 2000 yesterday sold off aggressively following the FOMC decision as the market perceived it as more hawkish than expected. Overall, apart from some slight tweaks, the Fed was in line with the market’s expectations, and the selloff might have been an... -
RSS Nasdaq Technical Analysis – The dip-buyers enter the market at a key support
Fundamental Overview The Nasdaq yesterday sold off aggressively following the FOMC decision as the market perceived it as more hawkish than expected. Overall, apart from some slight tweaks, the Fed was in line with the market’s expectations, and the selloff might have been an overreaction... -
RSS S&P 500 Technical Analysis – Was that an overreaction?
Fundamental Overview The S&P 500 yesterday sold off aggressively following the FOMC decision as the market perceived it as more hawkish than expected. Overall, apart from some slight tweaks, the Fed was in line with the market’s expectations, and the selloff might have been an overreaction... -
RSS Gold Technical Analysis – The bulls held the line
Fundamental Overview Gold dropped briefly below a key support yesterday following the FOMC decision as the market perceived it as more hawkish than expected. Overall, apart from some slight tweaks, the Fed was in line with the market’s expectations, and the market’s reaction might have been an... -
RSS US stocks falling sharply with the S&P and the Nasdaq now down over 1%
The major stock indices are moving to new lows as the Fed Chair says the call was a closer call with risk two-sided. That helped to push the USD higher as well. The Dow is donw -0.83% while the S&p and the Nasdaq are down over 1% The S&P is currently down -1.04% and the Nasdaq is down -1.16%... -
RSS GBPUSD moves below swing area between 1.26598 and 1.2670
The GBPUSD moved lower - USD higher - on the Fed decision and in the process move below a swing area between 1.26598 and 1.2670. The 100 hour moving average at 1.26736 was also broken. That area is now topside resistance. Staying below is more bearish. On the downside, the next target area... -
RSS EURUSD moves lower on the more hawkish Fed cut
The EURUSD moved down to test the 50% of the range since 2022. The price moved below that midpoint earlier on November on the way to the low at 1.0332 (the lowest level since November 29, 2022. A move below the 50% will have traders looking toward a swing area between 1.0348 and 1.03657. Below... -
RSS EURUSD sellers pushes to the downside ahead of the FOMC rate decision
The EURUSD is moving to a new low on the day and in the process is moving away from the 200 hour MA and the 100 bar MA on the 4 hour chart. Those MAs come in at 1.0514 and 1.0522 respectively. Into the FOMC rate decision and moving above that area is needed to increas the bullish bias. If so... -
RSS AUDUSD sellers are pushing to new lows after a support floor is broken. What next?
Earlier today in the Asian session the low of a swing area floor going back to the end of 2023 was broken at the 0.6334. That break, turned buyers to sellers and the price has continued that fall in the US session today. The swing area starting at 0.6334 up to 0.6363 is now close risk. Staying... -
RSS USDCAD trades to new 2020 high but backs off. What tilts the bias back to the downside?
The USD/CAD reached a new 2024 high, climbing to its highest level since March 2020. The key upside target from that period is 1.4348, with today’s high coming just shy at 1.4331. A sustained move above 1.4348 would signal further bullish momentum, solidifying buyers' control and extending the... -
RSS The USDCHF buyers are in control.What is needed in the ST to give the sellers some control
The USD/CHF reached its highest level since July this week but fell short of the key resistance zone on the daily chart, located between 0.8986 and 0.90178. This area remains a critical topside target, and a break above it would open the door for further upside momentum. Buyers will be eyeing... -
RSS Copper Technical Analysis – The first attempt at the resistance failed
Fundamental Overview Copper recently got a boost from the Chinese Politburo announcement that it will adopt a “moderately loose” strategy for monetary policy for 2025 and will seek a “more proactive” fiscal policy. These were key changes in the language that triggered a rally in Chinese stocks... -
RSS Crude Oil Technical Analysis – We remain stuck in a range
Fundamental Overview The fundamentals in the crude oil market haven’t changed much. The price action remains confined in a range between the 72.00 resistance and the 67.00 support as the market continues to weigh the future scenarios. On one hand, we have the Trump’s victory which might be... -
RSS TSLA stock price prediction by AI
Tesla (TSLA) Stock Analysis: Key Levels and AI-Assisted Price Prediction 🚀 Current Overview Tesla (TSLA) stock is showing retracement strength in pre-market after initial sell-side pressure, with price approaching today’s VWAP at $468.74. While price is attempting to recover, the overall bias... -
RSS Bitcoin Technical Analysis – Watch these risks for further upside
Fundamental Overview Bitcoin is now up more than 50% since the election day as the bullish momentum in the cryptocurrency exploded following Trump’s victory. This shouldn’t be surprising given that Trump vowed to make the US the crypto capital of the planet. Another bullish driver has been the... -
RSS NZDUSD Technical Analysis – Awaiting the FOMC decision
Fundamental Overview The USD continues to consolidate around the highs except against the commodity currencies where it extended into new highs. The US inflation data last week was once again a disappointment although the data that feeds into the Core PCE was overall benign as forecasters... -
RSS USDJPY Technical Analysis – All eyes on the FOMC decision
Fundamental Overview The USD continues to consolidate around the highs except against the commodity currencies where it extended into new highs. The US inflation data last week was once again a disappointment although the data that feeds into the Core PCE was overall benign as forecasters... -
RSS GBPUSD breaks above some key MAs but not the 200 bar MA on the 4-hour chart.
In The GBPUSD started the NY session on a positive note, trading above both the 100-hour moving average (MA) and the 100-bar MA on the 4-hour chart (blue lines outlined on the price above). US Morning Session: The price initially dipped but found support near the converging 100-bar MAs (hour... -
RSS The AUDUSD and NZDUSD sellers remain in control. Test support targets
Both the AUDUSD and the NZDUSD are trading lower and in the process testing key support targets. The video above goes through the technicals driving the pairs. Below are the key technical points outlined in the video for each pair. AUDUSD Technical Analysis:The AUDUSD is retesting a key support... -
RSS Nvidia stock price prediction, AI supported
Updated Perspective for NVDA Stock Holders and Potential Buyers. Recent order flow data of NVDA stock suggests that the selling pressure has been more dominant than buying over the last sequence of bars. While there have been occasional positive deltas—indicating brief periods where buyers... -
RSS USDCAD is racing higher as the sellers fail, and the buyers continue to trend higher
The USDCAD is breaking to new session highs, moving further away from the mid-April 2020 high at 1.4265 and approaching the early April 2020 peak at 1.4348. Buyers have maintained control since the pair bottomed at 1.3423 during the week of September 21, rallying nearly 900 pips since then... -
RSS Nvidia trades above and below 100 day MA. Key level at $128.06.
US major indices are lower with the Dow down for the 9th consecutive day. The Nasdaq closed at a record level yesterday but with no help from Nvidia which is now in correction mode after falling more than 10% from its all-time high reached on November 21 at $157.89. The Nvidia price gapped... -
RSS Kickstart the FX trading day with a technical look at the EURUSD, USDJPY and GBPUSD
The DZY index is trading up 0.9% in early US trading with mixed results. Versus the major currencies: EUR up 0.12% JPY down -0.21% GBP down -0.17% CHF up 0.29% CAD up 0.37% AUD up 0.46% NZD of 0.40% Below is a technical look to kickstart the trading day with a technical look at the EURUSD... -
RSS AUDUSD Technical Analysis – The greenback remains supported into the FOMC
Fundamental Overview The USD continues to consolidate around the highs except against the commodity currencies where it’s been having the upper hand. The US inflation data last week was once again a disappointment although the data that feeds into the Core PCE was overall benign as forecasters... -
RSS USDCAD Technical Analysis – A look at the chart ahead of the Canadian CPI
Fundamental Overview The USD continues to consolidate around the highs except against the commodity currencies where it’s been having the upper hand. The US inflation data last week was once again a disappointment although the data that feeds into the Core PCE was overall benign as forecasters... -
RSS GBPUSD Technical Analysis – FOMC and BoE in focus
Fundamental Overview The USD continues to consolidate around the highs except against the commodity currencies where it’s been having the upper hand. The US inflation data last week was once again a disappointment although the data that feeds into the Core PCE was overall benign as forecasters... -
RSS EURUSD Technical Analysis – Eyes on the FOMC decision
Fundamental Overview The USD continues to consolidate around the highs except against the commodity currencies where it’s been having the upper hand. The US inflation data last week was once again a disappointment although the data that feeds into the Core PCE was overall benign as forecasters... -
RSS Gold Technical Analysis – The rise in real yields is weighing on the market
Fundamental Overview Gold dropped back inside the previous range following some hotter than expected US inflation figures. In the bigger picture, the market’s pricing remains largely unchanged around three rate cuts by the end of 2025 but the rise in real yields is weighing on the market due... -
RSS The USDCAD briefly trades above April 2020 high at 1.4264 but reverses
The USDCAD has moved lower after failing to sustain a break higher earlier today. Technically, the pair briefly pushed above the April 19, 2020 high at 1.4264, reaching a session high of 1.4270, but momentum quickly faded. The price rotated back below last week’s high at 1.4244 (Friday) and... -
RSS NZDUSD buyers try to shift the short term bias higher. What next?
THe NZDUSD has seen up and down and up again price action today. The most recent move higher has seen the pair extend back above the high of a swing area floor on the daily chart at 0.5772 and also briefly above the 100-hour MA at 0.5780. Buyers are trying to make a play BUT they need to get... -
RSS GBPUSD and EURUSD move higher, but there is work to do to tilt the bias more to the upside
The GBP/USD and EUR/USD are both trading higher on the day, with GBP/USD outperforming. The GBP/USD is currently up by 0.52%, trading at 1.2618 after testing a low of 1.2615 earlier. Meanwhile, the EUR/USD is up by just 0.05%, recovering from its low of 1.0475 and currently trading at 1.0510... -
RSS AUDUSD sellers remain in firm control.What would turn that sellers control around?
Summary 📉 AUD/USD Support and Resistance Levels: The AUDUSD pair retested key support levels between 0.6334 and 0.6363 last week and bounced. Today, the price returned to that area on the daily chart. If the price can break below the low of that swing area, it opens the door for more selling...