Technical Analysis

Can the price remain below the MA line now? The price of the NZDUSD has been on a volatile ride today. In the Asian session, the price wanted to the downside but found support buying near the 100 day MA.   The moved to the upside in the European session took the price above its 100 and 200 hour moving averages

Nasdaq and S&P still remains lower on the month The major US indices are closing higher with the NASDAQ leading the charge.   All three major indices snapped three days losing streaks The Dow and S&P are on track for a weekly loss  NASDAQ is higher for the week and looking to close higher for the first time in

The USD is  higher but off highs for the day As European/London traders look to exit for the day, the JPY remains the strongest and the NZD is the weakest of the major currencies. That was the ranking when the US stocks opened for trading a few hours ago.. The USD was the strongest at the start of

US dollar moves higher after Fed minutes The USD has broken to new highs after the Fed minutes suggested might be time to think about tapering.   EURUSD: The EURUSD has moved to an through (at least temporarily), the swing highs from May 10 and May 11 between 1.2175 and 1.2181.  THe pair has fallen short of the 38.2% retracement of the

Down to $2.13 or -3.25% on the day The price of WTI crude oil futures are selling at $63.36. That is down $-2.13 or -3.25%. The high price reached $65.35. The low price was at $61.95. The Vienna nuclear talks with Iran are ongoing and traders are hoping for an agreement. If so, there could be

Encouraged by Iran nuclear talks The price of crude oil has fallen sharply below its 100 and 200 hour moving averages.  See Adam’s post here for the news triggering the fall.  The price of WTI crude oil futures fell down toward the $64 level (the low reached $64.11). In the process, the 100 /200 hour MAs were

Russell 2000 closes higher Today was a day that could’ve been worse for the US stocks. The major indices are closed lower, but were well off the lows at the close. The Russell index of small-cap stocks closed marginally higher. The S&P index closes less than 2% from the all-time high. Dow, S&P and Nasdaq snap a today winning streak NASDAQ is

$0.90 or 1.38% the price of WTI crude oil futures settle at $66.27. That’s up $0.90 or 1.38%. The high reached $66.43. The low extended to $64.83. Technically, the price high today  stalled ahead of its high from last week at $66.60. The high price from May reached $66.73 on May 5. Both are targets

100 day MA is at 13438.47 currently The NASDAQ index continues its move to the upside and is currently trading up over 300 points or 2.3% at 13428.03 (that is the high). The last move to the upside took the price back above its 50 hour moving average currently at 13407.  The next target comes in at the 100

CFTC commitments of traders: USD shorts increase led by CAD longs Coming Up! Title text for next article LON +1 SDNY+11 NY -4 TYO +9 GMT Technical Analysis Weekly forex futures positioning data from the CFTC for the week ending May 11, 2021. EUR long 94K vs 85K long last week. Longs increased by 9K GBP

Stocks close near session highs The major US stock indices are close higher for the second consecutive day.  Some other highlights for the day/week Week ends with 2 strong days higher after three down days to start the week S&P has best day since late March 26th All 11 sectors of the S&P close higher Dow S&P NASDAQ

Bounce off the swing low target The USDCAD moved below the 100 hour MA at 1.21167 after the US retail sales and the better than expected wholesale sales from Canada. The next downside target at the time was at 1.20781. That was home to swing lows from May 10, May 11 and May 12 before

NASDAQ still 7% below the all-time high The major indices snapped there three days losing streak.  However,  The Dow, S&P are on track for the worst week since late January. The NASDAQ is on track for its worst week since February 26  The NASDAQ is still 7% below its all-time high On a positive note

First move above the 100 hour moving average since May 5 The USDCAD has cracked above its 100 hour moving average 1.21193. That is the first look above that moving average since May 5. The price has moved down from the 100 hour moving average at 1.22912 on that day, to the low price today at

Dow fell -700 points at the lows The major indices are closing at the session lows with each closing 2%+ lower on the day. The major indices have closed lower for the third consecutive day.   The NASDAQ index is leading the way, and is has moved down about -8.5% from the highs so far (in 9 trading days).  Decliners to

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Dow leads the move down today.  For the second consecutive day, all the major indices closed lower. Today’s moves were led by the Dow 30 stocks. That index is down at the lows -667 points. It is ending the session down -472.21 points. The NASDAQ index ended marginally lower after being down as much as -2.20%. The final numbers

NASDAQ down -2.27% the NASDAQ and S&P are trading to new session lows. The Dow industrial average remains positive but gives back most of the days gains: S&P index is down -26.57 points or -0.63% at 4205.61. That is just off the lows of 4204.17 NASDAQ index -311 points or -2.26% at 13440. The low