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Technical Analysis
GBPJPY has up and down day, but stays below overhead MA on the hourly chart
GBPJPY stalls against its 100 hour moving average
The GBOJPY pair has been moving up and down in trading today. On the downside, the low did take out the lows from yesterday and on Friday n...more
Stocks rotate back to the downside
The Dow and S&P are trading at session lows. With the declines, the S&P is now more comfortably below its 100 day moving average of 4576.85. The current price is trading at 4560, down 16.88 points or ...more
GBP/USD: Bullish channel breakout and overbought conditions favor buying dip - BofA
Bank of America Global Research discusses GBP/USD technical outlook and likes buying dips in Q1.
"In late November and December we liked buying GBP at 1.32 for a
rally to the 1.35s due to a variet...more
Crude oil continues it's race to the upside
The price of crude oil continues it's move to the upside with the price moving to high of $87.90. The price is off that high at $87.18, but is still up solidly on the day (up 1.99% at $87.19). The Mar...more
Seven straight weeks of declines in EUR/GBP. 2020 low now in view
Bank of England Governor Andrew Bailey continues to speak to UK parliamentarians but has mostly avoided talking about the outlook for monetary policy since his initial remarks. If anything, his comme...more
USDJPY falls back toward session lows
USDJPY moves up and down and tests swing area support
The USDJPY traded most of yesterday above its 100 hour moving average (blue line) . The high price - after the bounce away from its A...more
USDCAD bounces after reaching 2 month low
USDCAD makes new low but momentum fades
The USDCAD moved to a new 2 month low (lowest level since November 10) after breaking below the low from yesterday at 1.2485). Before that, the pri...more
GBPUSD retraces back up toward 200 hour moving average
GBPUSD testing at the 200 hour moving average
The GBPUSD has fallen for three consecutive days, but is seeing buying today.
The move to the upside today has reached back toward its 200 h...more
EURUSD pushes up from support. Pair is up after three days of declines
EURUSD finds support against a trendline
The EURUSD is looking to snap a three day streak of declining prices. The pair is higher in trading near the high for the day, but in a narrow ...more
The AUD is the strongest and the USD is the weakest as NA traders enter for the day
The strongest to the weakest of the major currencies
The AUD is the strongest and the USD is the weakest as traders correct some of the US dollar declines seen over the last few trading day...more