Technical Analysis

Another big move in the last hour of trading The major indices are closing lower on the day after the late day rally fizzled out. Starting the last hour of trading, the major indices were trading at: S&P index 2584.95, down -45.12 points or -1.72% NASDAQ index 7648.96, down -148.57 points or -1.91% Dow 22046.95, down -505.18 points or -2.24% The closing levels are lower
Pair trades between its 100 and 200 hour moving averages The EURJPY traders are looking for the next shove. Looking at the hourly chart above, the price action today as been down up and back down again.  The run lower initially broke below its 100 hour moving average (blue line in the chart above currently at 118.38) but ultimately failed. The run
Like the EURCHF, the pair sits on an edge The EURCHF is trading near the edge of a cliff on the weekly chart (see post here).  So is the EURGBP.   Looking at the weekly chart above, the swing lows from 2060 in 2017 came in at 0.8304 and 0.8310 respectively.  At the end of 2019, the price of the
The 200 day MA at 0.65058 The NZDUSD has continued the month long move lower today. Over the 19 days since peaking on the last trading day of the year, the price has moved from 0.67549 to a low today of 0.65051.  The low today stalled right at its 200 day moving average at 0.65058 and has bounced modestly.