Technical Analysis

USDJPY falls to a new September low The USDJPY had a 59 pip trading range last week. That was the 2nd lowest trading range this calendar year (57 was the lowest range).  The non-trending market tends to transition to a trending market (see post from over the weekend).  The pair has trended lower today after holding below its 200
Major indices close higher The NASDAQ index close at a another record high. The previous high close came in at 11,210.84. The index close today at 11,264.95. The S&P index traded above its all-time high closing price but could not sustain the gains into the close. The final numbers are showing: S&P index up 10.69
RBA is expected to keep rates unchanged the RBA is expected to keep rates unchanged at 0.25%. Focus will be on Gov. Lowe’s statement especially his reaction to the reintroduced lockdown measures in Melbourne.    The price action today in the AUDUSD initially saw sellers leaning near its 200 hour moving average (green line currently at 0.71429).  The price did inch above
Looks toward the 38.2% and 100 hour MA The NZDUSD rallied higher this week after basing against its 100 and 200 hour MA on Monday and Tuesday. That floor gave traders the go ahead to run higher and they took the price sharply higher on Tuesday and and continued the run higher on Wednesday.  Today,
Major indices close at session highs Today saw the stock market rotate into the Dow and broader S&P indices. The tech heavy NASDAQ was the laggard. However a late day surge “raised all boats”. The Dow had its best day since June 29. The dow rose for the 3rd day in a row. The final numbers are showing: S&P