Technical Analysis

Narrow up and down trading range The NZDUSD has had an up and down day in a relatively narrow 36 pip trading range (for the day).  Technically, the “ups” today, were able to stay below a top side trendline, and the 100 hour moving average (blue line in the chart above).  That kept the sellers more in control.  The price
Broader indices trade near session highs With 2 or so hours left in the trading day, the broader S&P and NASDAQ index are looking to close with record highs. The S&P index is currently up 19.78 points or 0.66% at 3023.47. The record close came in on Wednesday at 3019.56. For the week, the S&P index reached a low of 2976.65 on
High reached 3004.14 The chatter about US China talks has once again helped to push the price of the S&P above the 3000 level. The high reached 3004.14.  We currently trade around 3001.78.   Looking at the hourly chart, the index moved back above the 50 hour MA (white line at 2996.28) and a topside trend
Nasdaq leads the way lower  The major US stock indices are going out near/at session lows.  The S&P index is disappointed that it could not remain above the 3000 level. The Dow was up 120 points at the highs.   Below are the closing levels (or close enough): The S&P index 12-18.49 points or -0.62% 2976.62.