Technical Analysis

European shares end the day with mixed results

Some of the major indices are higher and a few are lower The major European indices are ending the day mixed In the European debt market, the benchmark 10 year yields are moving back to the downs...more

USDJPY works it's way into swing area

The 108.36 to 108.47 is a swing area ahead of the high from last week The USDJPY has moved into a swing area defined by highs on September 18, September 19 and 20, and October 1 in the 108.363 to 108....more

The EURUSD is lower but supported below

The 1.1000 level is still key The EURUSD is lower but has seen up and down price action. The pair is off the low for the day at 1.1012 (currently trades at 1.1025).   A trend line at 1.10187...more

US stocks are open with modest declines

Down on the day but off pre-market low levels too The US major indices are open and the major indices are trading down marginally. The snapshot is showing: The US debt market is closed in observa...more

GBPUSD takes back about 38.2% of the move up last week

Him him Tested the 200 day MA last week.   The GBPUSD has taken back nearly 38.2% of the sharp move higher on Brexit hopes.  That hope was dashed this weekend when EUs Barnier repo...more

Aussie falls further as risk assets see added pressure on the day

AUD/USD drops to a session low of 0.6764 ForexLive Notably, price is falling towards a test of the key hourly moving averages near 0.6748-59 now as sellers look to wrestle back some control of the pai...more

Gold holds its ground despite trade truce, what's next?

Gold is faring a little better today, sitting near flat levels after Friday losses ForexLive The downside move on Friday wasn't as profound as sellers would've hoped as it failed to take out support j...more

Pound slips further to start the European morning

Cable down to session lows of 1.2570 ForexLive The pressure is beginning to mount on the pound now as cable dips firmly below the 1.2600 handle amid waning optimism of a Brexit deal being struck. ...more

Cable holds lower as Brexit hopes dashed, but buyers keep control for now

GBP/USD trades close to the 1.2600 handle ahead of European trading ForexLive The topside move last week saw cable rise towards testing key daily resistance from the 50.0 retracement level as well as ...more

The key technical barometers for some of the major currency pairs

What level is a key barometer for some of the major currency pairs. I often speak of the key barometer level/area for the bulls and bears.  That is, the level that if the price moves above it is ...more


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