forex
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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... -
RSS US stocks extend fall. Nasdaq down over 2%. Dow down -1%
The major US stock indices are continuing their slide with NASDAQ now down -2.10% at 19,600. S&P is down -1.40% at 5952.00 Dow industrial average is down -0.98% at 42900.29 The Russell 2000 is down -40 24 points or -1.85% at 2239.20 US yields have started to move back to the lower after the... -
RSS AUDEUSD skims along near th e low for the year.
The AUDUSD moved higher in the early Asian trading after the Christmas hiatus and the move higher took the price above the 100 hour MA (blu e line currently at 0.6239). The break gave buyers some hope in the short term, but the high price ended up stalling at the underside of the broken trend... -
RSS EURUSD trades to new highs and back above the 50% midpoint on the daily chart
The EUR/USD is edging higher, reaching a new daily high while breaking above the 50% midpoint of the trading range since the September 2022 low, which stands at 1.04053 (see daily chart). On the hourly chart, the pair has been oscillating above and below this midpoint over the past five trading... -
RSS GBPUSD stays below the 100 hour MA today. Bears stay in control.
While UK traders celebrate Boxing Day, the GBP/USD is under pressure, falling to new session lows and extending its decline further away from the downward-sloping 100-hour moving average. The pair opened the post-Christmas trading day just below the 100-hour moving average, currently at 1.25365... -
RSS The USDJPY is testing the high from last week
The USD/JPY is trading at a new high for the day, reaching last week’s peak of 157.918—the highest level since July 18. The day began near session lows at 157.122 but saw an acceleration during the early U.S. session, coinciding with the opening of the U.S. debt market. U.S. Treasury yields are... -
RSS What is moving the market? Where is the market going?
Christmas Eve in the US will include a shorten day in the US. The stocks will close early at 1 PM, the US bond market will close at 2 PM. The USD is mixed vs the major currencies: EUR +0.12% JPY -0.04% GBP-0.15% CHF +0.18% CAD +0.32% AUD +0.27% NZD +0.23% US stocks are mixed after rising... -
RSS USDCHF rallies to key retracement last week and sold off. Today the bias is back higher.
The USDCHF moved higher last week but found willing sellers near the 38.2% of the range from the 2022 high at 0.9025. The high last week reached 0.8921. The subsequent move lower on Thursday and into Friday after the weaker PCE data sent the price to a key swing area between 0.8914 to 0.8923... -
RSS GBPUSD rally on Friday stalled at key swing area ceiling and sellers pushed lower today
The GBP/USD rallied on Friday after sharp declines on Thursday, driven by the BOE's dovish rate decision, where three members voted for a rate cut. The downward move pushed the pair below the November low of 1.24865, reaching 1.24739—the lowest level since May. However, momentum stalled, and the... -
RSS EURUSD lower on the day and below the 50% midpoint of the range since 2022
The EURUSD moved higher on Friday but stalled at 1.0446. That was just short of a swing level on the daily chart at 1.0448. Today the high price was just short of those levels at 1.04446. The price moved lower with the USD moving back higher (EURUSD lower) in trading today. Going forward the... -
RSS USDJPY outlook: Key levels to watch after pullback
The USD/JPY moved lower on Friday after reaching its highest level since July 18, 2024. The pair hit a high of 157.92, entering a key swing area on the daily chart between 157.665 and 158.419, but momentum failed to hold. The release of lower-than-expected PCE data on Friday contributed to the... -
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... -
Forex 101: How to Get Started with Forex Trading
Introduction: Forex trading can seem complicated, but it’s one of the most lucrative markets when done right. Here’s how you can start today! Steps: 1. Learn the Basics: Understand currency pairs, pips, and leverage. Resources like Babypips are great for beginners. 2. Choose a Broker: Use...- thewhispering20
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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...