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


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