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RSS Gold Technical Analysis – All eyes on the US NFP report
Fundamental Overview Gold made a new weekly high yesterday as the price broke above a key level. We have the US NFP and CPI reports ahead and they are going to move the market a lot so the recent breakout could turn into a fakeout pretty easily. The market’s pricing didn’t change much as... -
RSS Buyers in control in the USDCAD. What would tilt the bias back down?
The USDCAD sellers had a shot earlier this week with breaks outside an up-and-down "Red Box" to the downside. The first move was on Monday. The 2nd on Tuesday. Each failed on the break The sellers had their shot. They missed. The price rise saw the pair's price move above the 100 and 200 hour... -
RSS USDCHF waffles in a narrow trading range, but what next? Where is close support/resistance
The USDCHF is trading in a narrow range today (only 33 pips). However, the buyers remain in control after the bounce off support on Monday and gains over the last few days. The price had moved back into a swing area on the daily chart between 0.9112 and 0.9156. That area will need to be broken... -
RSS Kickstart the FX trading day for Jan 10 w/ a technical look at the EURUSD, USDJPY & GBPUSD
The US is observing a national day of mourning as former Pres. Jimmy Carter's layed to rest. The New York Stock Exchange and the NASDAQ Exchange will be close but the futures are open as is the US bond market. In US futures trading, the S&P futures are impying a move down -5 points. The Dow... -
RSS EURUSD analysis for January 2025
EURUSD Analysis: Key Levels and Price Outlook The Euro FX futures (EUR/USD) are trading at 1.03280, maintaining a bearish bias as technical indicators on the daily chart signal selling pressure. This analysis highlights critical support and resistance levels and potential trading scenarios for... -
RSS NZDUSD Technical Analysis – The greenback remains in the driving seat
Fundamental Overview The USD got a boost recently from another set of hot data as the US Job Openings surprised to the upside and the prices paid index in the ISM Services PMI jumped to the highest level since 2023. The market’s pricing didn’t change much though and Fed’s Waller yesterday kept... -
RSS AUDUSD Technical Analysis – The pair bounces around the 2022 lows
Fundamental Overview The USD got a boost recently from another set of hot data as the US Job Openings surprised to the upside and the prices paid index in the ISM Services PMI jumped to the highest level since 2023. The market’s pricing didn’t change much though and Fed’s Waller yesterday kept... -
RSS USDJPY Technical Analysis – Slow price action ahead of the US NFP
Fundamental Overview The USD got a boost recently from another set of hot data as the US Job Openings surprised to the upside and the prices paid index in the ISM Services PMI jumped to the highest level since 2023. The market’s pricing didn’t change much though and Fed’s Waller yesterday kept... -
RSS EURGBP runs higher but stalls at the 100 day MA
The EURGBP has seen a run higher despite a sharp rise in the UK 10 year yield which saw the yield move to the highest level since 2008. The yield reached 4.821% today rising above the 2023 high of 4.755% in the process. The yield is currently at 4.813%. Although higher yield can be supportive to... -
RSS Crude oil stalls against its 200 day moving average.Sellers enter and push the price lower
Crude oil extended higher in trading today reaching the highest level going back to October 11. However the move to the upside did run into overhead resistance. The 200 day moving average (green line in the chart above) comes in at $75.25. The high price today reached $75.26. Sellers leaned... -
RSS AUDUSD sellers take the price below the 100/200 hour MAs increasing the bearish bias.
The AUD/USD has moved lower in today's trading, breaking through and extending away from the 200-hour MA at 0.6223 and the 100-hour MA at 0.62306. This shift tilts the technical bias further in favor of the sellers, as the pair approaches key support levels near the lows from 2024 and the lowest... -
RSS USDCHF push the pair higher and away from 100 hour MA. Staying above is more bullish.
The USD/CHF is trading higher today, driven by a stronger USD, as the pair moves decisively above its 100-hour moving average (MA) at 0.90834. If the price remains above this level, buyers maintain firm control. A break below the 100-hour MA and the 200-hour MA at 0.90548 would shift the bias... -
RSS USDCAD moves back above the 100/200 hour MA after breaks lower this week failed (twice)
The USD/CAD experienced significant volatility earlier this week, initially moving lower on Monday following the Trump tariff story and its subsequent denial. On Tuesday, the pair reversed back lower once again, before rebounding higher to close stronger on the day. During this back-and-forth... -
RSS Kickstart the FX trading day for Jan 8 w/ a technical look at the EURUSD, USDJPY & GBPUSD
As the North American session begins, the USD extends its upward momentum. The US 10-year yield has climbed to 4.721%, a 3.7% increase, nearing its daily highs. This rise has contributed to reversing earlier premarket gains in US stock markets. The S&P 500 is now down approximately 21 points... -
RSS GBPUSD Technical Analysis – Strong US data boosts the greenback
Fundamental Overview The USD got a boost yesterday from another set of hot data as the US Job Openings surprised to the upside and the prices paid index in the ISM Services PMI jumped to the highest level since 2023. The market’s pricing didn’t change much but traders no longer fully price in... -
RSS EURUSD Technical Analysis – The US Dollar remains supported on strong data
Fundamental Overview The USD got a boost yesterday from another set of hot data as the US Job Openings surprised to the upside and the prices paid index in the ISM Services PMI jumped to the highest level since 2023. The market’s pricing didn’t change much but traders no longer fully price in... -
RSS Crude Oil Technical Analysis – Seems like the market made up its mind
Fundamental Overview Crude oil has been ranging for months between the 67.00 support and the 72.00 resistance as the market continued to weigh the future scenarios. On one hand, we had the Trump’s victory which might have been seen as bearish for fear of the tariffs and a slowdown in global... -
RSS Gold Technical Analysis – We continue to trade in a range
Fundamental Overview Gold remains confined in a range as the market continues to wait for the US NFP and CPI reports. Yesterday it seemed like we could get a break above the 2660 resistance but eventually the price got smacked back down following the hot US Job Openings and ISM Services PMI... -
RSS AUDUSD tests 100/200 hour MA target area
The AUD/USD has reached a new low, testing the 200-hour moving average at 0.6225 and the 100-hour moving average at 0.6227. These levels are pivotal for determining the near-term direction for both buyers and sellers. If buyers defend this area, it would signal continued support, keeping them... -
RSS EURUSD extends to a new intraday low and approaches a swing area/100 hour MA
The EUR/USD is extending to a new session low, nearing a key support zone between 1.0332 and 1.0343. Within this range lies the 100-hour moving average at 1.03379. A sustained move below this level would strengthen the bearish bias for today and potentially beyond. However, if buyers looking to... -
RSS AUDUSD buyers fail again. Stronger US data sends the pair back down with MAs targeted
The AUDUSD bottomed for 2024 on the very last day of the trading year (which is unique). The price bounced higher off that low and in doing so was able to extend above a swing area off the daily chart between 0.6269 to 0.6282. See the red numbered circles on the chart below. The AUD/USD moved... -
RSS Stronger data sends the US dollar higher. What next technically?
The stronger US data with ISM nonmanufacturing PMI rising to 54.1 from 52.1. The price paid index increase to 64.4 from 58.2. Ouch. The JOLTS job openings increasing to 8.098 million versus 7.700 million estimate, has yields moving higher, stocks moving lower and the US dollar moving higher... -
RSS USDCAD has a negative bias in the short term. Can the sellers keep control?
The USD/CAD has declined in today’s trading, breaking below the lower boundary of the swing area between 1.4334 and 1.4348. For a bullish bias to emerge, the pair would need to climb back above this zone, signaling a potential failure of the break outside the "Red Box" that has defined recent... -
RSS USDCHF bounces off swing area support. Tests the 100 hour MA at 0.90742. Key barometer.
Swiss CPI data met expectations today, coming in at -0.1% month-on-month and 0.6% year-on-year. These figures reinforce the dovish stance of the Swiss National Bank, likely supporting the USD/CHF amid ongoing concerns about higher U.S. inflation. In trading, the pair - before the data - dipped... -
RSS The kickstart video outlining the technicals driving the EURUSD, USDJPY & GBPUSD for Jan 7
The USD is mixed today with the greenback lower vs the EUR, GBP, CAD, AUD and NZD and higher vs the JPY and CHF. The biggest movers are the AUD (USD -0.53%) and the NZD (USD -0.57%). Yesterday, the USD was mostly lower after the market reacted to a report that Trump tariffs would be less than... -
RSS USDCAD Technical Analysis – We broke out of the range
Fundamental Overview The USD continues to remain supported since the last FOMC decision as the market perceived it as more hawkish than expected. After the rally during the low volume Christmas holidays, we are now seeing a pullback pretty much across the board. The market’s pricing didn’t... -
RSS USDCHF Technical Analysis – Status quo ahead of the key US data
Fundamental Overview The USD continues to remain supported since the last FOMC decision as the market perceived it as more hawkish than expected. After the rally during the low volume Christmas holidays, we are now seeing a pullback pretty much across the board. The market’s pricing didn’t... -
RSS USDJPY Technical Analysis – Consolidation ahead of key data
Fundamental Overview The USD continues to remain supported since the last FOMC decision as the market perceived it as more hawkish than expected. After the rally during the low volume Christmas holidays, we are seeing a pullback pretty much across the board. The market’s pricing didn’t change... -
RSS Crude oil settles at $73.56
Crude oil futures are settling at $73.56 which is down -$0.40 or -0.54%. The high price today reached $74.96. That high was within shouting distance of the falling 200-day moving average is $75.34 ($0.38). The price has not traded above the 200-day average since October 8 (the break above that... -
RSS EURUSD confined in a narrow range after sharp run higher stalls. What next for the pair?
The EURUSD moved sharply higher earlier today helped by the Washington Post article on the Trump tariffs. The news was more dovish and less inflationary and the USD and yields moved lower. For the EURUSD the pair extended above the 100 hour MA (at 1.03403), 200 hour MA at 1.0374, 38.2% at... -
RSS Lots of up and down volatility in USDCAD as politics in Canada and US dominate
The USDCAD has had a volatile trading today as tariff news from Pres.-elect Trump sent the dollar lower and then higher, and word of the resignation of Canada PM Trudeau also contributed. Technically, the price moved lower on the tariff news taking the pair below a "Red Box" (see chart below)... -
RSS A technical look at the AUDUSD & the NZDUSD. What levels are defining risk, bias & targets
In the video above, I take a look at both the AUDUSD and NZDUSD. Both pairs moved lower into the yearend reaching new lows for the year on the very last day of the calendar year. In the first few days of 2025, the price has moved higher with strong gains earlier today coming with stronger... -
RSS USDCHF swings with the Trump news.. Trades between the 100 and 200 hour MAs
The USD/CHF pair experienced a sharp drop following a Washington Post article reporting that Trump is considering global tariffs targeting only "critical materials." This news pushed the pair below its 100-hour moving average at 0.9072 and its 200-hour moving average at 0.90354, reaching a low... -
RSS USD moves higher on Trump comment that tariff policy story is wrong
President elect Trump is saying that the Washington Post article on tariffs is wrong and that has led to a quick move to the upside in the USD, a quick move higher in yields (2 YEAR back to unchanged/10 year up 2.5 bps to 4.62%) and a rotation lower in stocks. The major indices are still higher... -
RSS What is moving the market? What are the technicals for some of the major currency pairs?
A new week begins with the US and Canadian jobs report the highlight.For today, stocks are higher, US yields are lower and the USD is falling vs all the major currencies with the greenback moving the most vs the AUD (down -1.11%) and the NZD (-1.09%). It is also lower by about -0.85% vs the EUR... -
RSS Gold Technical Analysis – Awaiting the data for the next major move
Fundamental Overview Despite the spike lower triggered by the last FOMC decision, gold didn’t extend the fall and remained confined in the range between the 2600 support and the 2721 resistance. The FOMC decision was perceived as more hawkish than expected but apart from some slight tweaks... -
RSS Major US indices snap losing streaks
Major US indices are closing solidly higher and in doing so are snapping multi-day losing streaks. For the Dow Industrial average it snapped its 4-day losing streak. For the broader S&P and NASDAQ indices,. they both snapped 5-day losing streaks. For the trading week, the indices are closing... -
RSS Crude oil futures settles higher at $73.96
Crude oil futures are selling and $73.96 up $0.83 or 1.13%. The settlement price is the highest since October 11. Cold weather, and Chinese policy support are being cited as reasons for the rise today and for the trading week. This week the price has risen by $4.13 or 5.5%. Looking at the daily... -
RSS NASDAQ index jumps to a new session high and looks toward its 200 hour moving average
The Nasdaq indices run to the upside is continuing with the price currently up 279 points or 1.45% at 19558.42. The high price reached 19560.11. Looking at the hourly chart above, the price is also approaching its 200-hour moving average at 19571.58. The price fell below that moving average on... -
RSS USD moves higher after better US ISM Manufacturing PMI data
The decline in the USD today, has seen a reversal with the better US ISM manufacturing PMI data : EURUSD. The EURUSD peaked at 1.0305 just before the data was released. That was just short of the 38.2% retracement of the weeks trading range at 1.03128. Stay below the 38.2% retracement today... -
RSS USDCHF falls to swing area support. The 100 hour MA looms below on more selling.
The USDCHF is lower on the day and testing a swing area going back to April and June 2024 between 0.9086 and 0.90978. If the sellers are to keep pushing, getting and staying below the high of that swing area (up to 0.9100 level) is required. On the downside, the rising 100-hour moving average... -
RSS USDCAD pushes back higher after dip to the 100/200 hour MAs stalls
The USDCAD moved lower during the Asia-Pacific session, breaking below the 100-hour and 200-hour moving averages, which are positioned between 1.4389 and 1.4386. The decline reached a low of 1.43824 but lacked momentum to push further downward. In the early European session, the price started... -
RSS The USD is lower to start US trading day. What is moving the markets in trading today?
TGIF! Yes it is Friday. I know I have to source my calendar as the markets continue the reheat after the Holiday season. The USD is trading modestly lower today after the rise seen yesterday. The US initial claims came in better than expected at 211K vs 222K estimate. The S&P Global PMI data... -
RSS GBPUSD retests the 100 hour MA at 1.25425 after swing area above stalled the rally
The GBPUSD moved higher into the US open, but has since reversed lower on risk-off flows (?). Stock in the US are getting hammered in pre-market trading. Admittedly, the declines are not being pushed by any news, except Friday was soft and today, the selling is continuing. Looking at the... -
RSS USDJPY tests the rising 100 hour MA in early US trading. Key barometer in the short term
The USDJPY is trading in a modest range today at 59 pips vs the 22 day average (about a month of trading) at 139 pips. The price high came in at 158.064. That was just short of the high price from last week at 158.080. Sellers leaned and pushed the price mostly lower. The low price in the... -
RSS EURUSD trading the technical levels
The EURUSD is trading the key technical levels to start the trading week. The initial move in the early European session saw the price moved down to test its 100 hour moving average (blue line on the hourly chart above). Buyers leaned against the level and pushed the price back higher. Recall... -
RSS EURUSD Technical Analysis
EURUSD Technical Analysis: Key Levels to Watch for Guidance 🌍🔍📊 The EURUSD pair remains a focal point for traders and investors due to its volatility and importance in global markets. In this EURUSD technical analysis, we explore crucial support and resistance levels, as well as trends shaping... -
RSS SPX index price prediction (my bullish and bearish orientation)
SPX outlook: critical levels to watch for traders and investors The SPX price index is navigating a crucial technical landscape, with several key levels and indicators shaping its trajectory. A closer look reveals resistance at 6,200, support near the anchored VWAP, and the unclosed Trump Gap... -
RSS USDJPY dip holds above the 100 hour MA
The USDJPY moved lower in the US session but after getting within 11 pips of the rising 100 hour MA. THe price has since bounced back to 157.84 currently as the buyers remain in firm control. THe last time the price tested the 100 hour MA was back on December 17 adn Deceember 18 before the FOMC... -
RSS EURUSD falls back below the 200 hour MA after break higher fails
The EURUSD moved higher in the early European market and in doing so, extended above the falling 200-hour MA (green line currently at 1.04286). The high price reached 1.04433 which was short of the highs from earlier this week and the high from last Friday near 1.0448. Those highs stalled ahead...