Technical Analysis

EURUSD stays below 100 hour MA in the US session The EURUSD fell to a new low for the day taking out the early NY session low at 1.03255.The low just reached 1.03229. The US session high extended back toward the 100 hour MA. There were a couple of briefs look above the MA level

The price of crude oil moved higher on the back of the Russian missile that landed in Poland killing 2 people. The price of crude oil raced higher reaching $88.65. That was just above the 200 hour moving average at $88.63. The price has since rotated back to the downside currently trading at $87.52 up

The dollar index (DXY) is trading to a new low for the week at 106.369. The index is currently down -440 pips this week and is down -3.97%. That is the largest decline since March 2009 when the index fell around 4.10% on the week. The weekly chart below shows the pip change in the

The major indices are all in the black with the Dow leading the way to the upside. That index is leading the way with a gain of 1.30% or 422 points. The S&P is up 0.87%. The Nasdaq is lagging but still higher by 0.77%. Dow above the 200 day MA and tests 50% Looking

EURUSD falls back below trend line The EURUSD has moved back below the upward sloping trend line that currently cuts across at 0.9759. The low from earlier in the day remains intact at 0.9729, but sellers remain in control on the continuation break lower today. The fall below the 0.98056 to 0.9815 was a key

The median stock price prediction for Apple Inc. is set at $180, provided from 37 analysts who have provided price estimates for the next 12 months The highest Apple stock prediction is $200 and the lowest prediction is $122 Apple stock forecast from ForexLive.com, based on the following technical analysis video, is set at a

GBPUSD battle is ongoing w/ risk/bias defining levels defind The GBPUSD has tried on three runs to the upside today. The first in the early Asian session stalled against a downward sloping trend line on the hourly chart. The second move higher stalled near the high of a swing area between 1.1350 and 1.13835. The

The USD has moved lower helped by a rotation off the highs in US yields. That is helping to support US stocks which are trading higher on the day. In the US debt market: 2 year yield 4.573%, +2.2 basis points. The 2 year yield reached a high of 4.614% 10 year yield 4.142%, +1.5

NZDUSD on the weekly chart The NZDUSD fell to the lowest level in 2022 this week at 0.5510. That is within 44 pips of the 2020 swing low at 0.54668. The price is currently at 0.5558 about 108 pips from the 2020 low all-time low. The 2020 low is the lowest level since March 2009.

EURUSD sellers in control The EURUSD is dipping to a new session low. In the process, the pair is testing the high of a swing area down to 0.9662 at 0.96836. The Monday lows were near that level as well. The 0.9662 is the low of what was swing lows going back to June to

The major US stock indices are still up on the week… The broader S&P and Nasdaq indices are both down over 2.2% on the day. The S&P is down -2.22%. The Nasdaq is down -2.85% That’s horrible. However, both indices still remain up on the week. Yahoo! Yippee! What a great starrt to October. A

Both the NASDAQ index and the Dow industrial average are both up back above their 200 week moving averages. The NASDAQ index 200 week moving averages near 11131 today. The current prices trading at 11151. The Dow industrial average 200 week moving averages at 29797.06. The current prices trading at 30194. Both the Dow industrial

GBPUSD back above 1.1100 The GBPUSD has seen more buying momentum in the early US trading session. The price has move back above the 1.1100 level. The price is trading above and below that natural support resistance level. The low for the week on Monday reached an all-time low of 1.03535. The high for the

The dollar is king with the EURUSD trading to the lowest level since 2002. The GBPUSD traded to the lowet level since 1985. The AUDUSD, NZDUSD and the NZDUSD traded to the lowest level since the 2020 pandemic plunge. Even the USDCHF rallied despite the 75 basis point hike. The USDJPY rebounded Friday and is

USDCAD corrects to an old swing area The USDCAD has been on a run to the upside with the pair up 6 of the last 8 trading days (with modest declines on the 2 down days). The price has moved from a low on September 13 at 1.2953. The high price today reached 1.3543 for

USDCHF stalls at the 200 hour MA The USDCHF has chopped higher in trading today. The pair started the day near a swing area at 0.9591 to 0.9606 after breaking back above the 100 hour MA yesterday and closing above. The low in the Asian session stalled the fall in the 0.9591 to 0.9606, moved

USDCAD ceiling stalls the rally today The USDCAD reached a high of 1.32072 on September 1, and 1.3208 on September 8. Today the high price on the hourly chart above reached 1.32054 a few pips short of the previous highs. The 3 week ceiling is being respected and as a result, the level increases in

It will be a close call but the Nasdaq is threatening to trace out an outside week on the weekly chart. We tracked lower on Tuesday in the appreviated week as part of a seven-day losing streak but we’ve had three strong days of gains since. That’s nearly traced an outside week. To complete it,