Technical Analysis

EURUSD trades back between the 100/200 hour MAs in a up and down trading session

The 100 hour moving average is resistance above at 1.1428, while the 200 hour moving average at 1.1414 is now a close support. Traders looking for a break in either direction.

Greg Michalowski

NZDUSD is pushing back to downside after RBNZ rate hike could not keep upside run going

The RBNZ raise rates by 25 basis points as expected, but buyers could not extend above targeted retracement resistance for long. What now?

Greg Michalowski

The USDCAD remains confined in trading range but below the 100/200 hour MAs

The 100 and 200 hour MA are near 1.4200. The price of the USDCAD is below those MAs tilting the short term bias to the downside.

Greg Michalowski

USDCAD remains confined in trading range but below the 100/200 hour MAs

The USDCAD is below its 100/200 hour MAs near 1.4200 tilting the bias to the downside.

Greg Michalowski

EURUSD cracks below the 100 hour MA. Price is back between the 100/200 hour MAs

Staying below the 100 hour MA neutralizes the short term bias with the 200 hour MA as the next target at 1.14094

Greg Michalowski

The AUS and the NZD were the weakest of the major currencies vs USD today

RBNZ Decision Ahead: NZDUSD at a turning point technically

A coin-flip rate decision meets a major technical inflection point.

Greg Michalowski

Crude oil is showing a bullish technical heartbeat

The price is above the 100 and 200 hour MAs for the first time since June 10

Greg Michalowski

Nasdaq and QQQ are under pressure after runs higher yesterday stalled at key MAs

The Nasdaq stayed below its 200 hour MA yesterday and gapped below the 100 hour MA today. The QQQ ETF stalled at the converged 100/200 hour MA yesterday. It is running away (to the downside) from those moving averages. Sellers in control.

Greg Michalowski

USDCAD buyers are still holding the line at the 100/200 support target

But the upside is still limited for the USDCAD pair with the triple top at 1.42473. The 100/200 hour MAs are at 1.42039

Greg Michalowski

The USDCHF trades between the 100/200 hour MA. Waiting for a break away.

The 200 hour MA at 0.80726 is on the topside. The 100 hour MA is at 0.80539 and is on the downside.

Greg Michalowski

The USD is little changed vs the EURUSD, GBPUSD and USDJPY. What next for each and why?

Trade data on the economic calendar. Broader indices lower/Dow continues record run. Yields are higher.

Greg Michalowski

Nasdaq today at investingLive.com with analyst Itai Levitan

Nasdaq analysis today at investingLive.com as Asian session shows tech under pressure

On our map, Nasdaq futures is Bearish while price remains below 29,840-29,950. A sustained move above 30,000-30,050 would show that buyers are repairing the failed breakdown. We also show you where you may want to consider taking partial profits if you're trading it.

Itai Levitan

Crude oil settles down $0.14 at $68.55

The low for the day reached $67.82. The high for the day was at $69.26

Greg Michalowski

EURUSD and GBPUSD make a break to the upside. Buyers make a play.

What next for the EURUSD and the GBPUSD from a technical perspective? Find out by watching the video.

Greg Michalowski

Nasdaq index tests its 200 hour MA...AGAIN. Buyers and sellers fighting it out.

The technical pattern from the end of June into July is for the 200 hour MA to stall the rally. Can the buyers push above the level today and open the door for more gains?

Greg Michalowski

USDCAD tilts the bias back to the upside today, with a break back above the 100/200 MAs

The sellers in the USDCAD tried to push the pair lower last week with the break below the two moving averages but could not sustain downside momentum through targeted support. Buyers in full control.

Greg Michalowski

USDCHF bounces higher after testing support targets at tail end of last week. What now?

The USDCHF bounced off swing area and the 38.2% of the move up from the end of May low last week. Today, the price is testing another swing area and the 100 hour MA too.

Greg Michalowski

The US dollar starts the North American trading week on firmer footing

July 6, 2024: USDJPY leads the major currencies higher as traders await today's ISM Services PMI.

Greg Michalowski

AUDUSD buyers made a play but some of the upside is being retraced. What next?

The AUDUSD extended back above the 100 and the 200 hour MA for the first time since FOMC day

Greg Michalowski

No 4th of July fireworks for the Nasdaq index

The price of the Nasdaq reverses course and trades back below the 200 and 100 hour MAs

Greg Michalowski

Gold buyers make another play for control after yesterday's run higher fizzled

The decline late yesterday did find support buyers at the 100 hour MA and the move back above the 200 hour MA today gives the buyers new life.

Greg Michalowski

USD moves lower after the US jobs report. What are the charts telling traders now?

In this video, I take an updated technical look at the USDCHF, USDCAD, USDJPY and EURUSD following the US employment report. What technical levels are in play now?

Greg Michalowski

The USD is lower ahead of the US jobs report. What are the technical levels in play?

The US jobs report could bring its own fireworks ahead of the July 4 holiday weekend.

Greg Michalowski

Gold buyers are tilting the bias higher.

The gold price moves above 100 and 200 hour MAs. Bullish tilt

Greg Michalowski

USDCAD stalls below triple-top resistance as Canada Day trading thins

The pair retreats from session highs as traders focus on 1.4203 support, 1.4247 resistance, and fresh guidance from the Bank of Canada and the Fed.

Greg Michalowski