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Technical Analysis
The USDCAD found sellers near MAs on topside, and willing buyers against swing area below
This article was written by Greg Michalowski at www.forexlive.com.
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NZDUSD continues to trade between swing area below and 50% /200 day MA above.
The NZDUSD is trading up and down today with technically defined as support and resistance doing their jobs.On the downside, the 38.2% retracement, and swing area between 0.5983 and 0.5991 have been a...more
EURUSD spikes higher and toward 100 day MA
The EURUSD is moving to a new session hi and extends above a swing area up to 1.08067 in the process. The next target comes against the falling 100-day moving average at 1.0825. The 61.8% of the move ...more
USDCHF spikes higher after US PPI, but retraces. The pair tests 100/200 hour MAs
The USDCHF moved higher, and then lower after the US PPI and revisions sent the dollar buyers scurrying after seeing the revisions. The pair is back down testing the 100/200 hour MAs near 0.9072. Key ...more
Kickstart the FX trading day for May 14 with a technical look at EURUSD, USDJPY and GBPUSD
The US PPI number came in stronger from the month but off revised lower numbers for last month. Ignore the gains and average the two months? The forex market initially moved higher off of the news wi...more
The EUR is the strongest and the JPY is the weakest as the NA session begins
The EUR is the strongest and the JPY is the weakest as the North American session begins. Once again movement is limited coming into the session with the trading ranges for all but the GBPUSD less tha...more
USDJPY Technical Analysis – All eyes on the US inflation figures
Fundamental
OverviewThe generally
positive risk sentiment continues to weigh on the JPY as the carry trade
remains in cruise control. The market is also less fearful of an intervention
before the 160....more
GBPUSD Technical Analysis – The focus switches to the US PPI data
Fundamental
OverviewToday the UK
labour market report showed job losses and an uptick in the unemployment
rate, although wage growth remained sticky at high levels. The data
hasn’t changed anything fo...more
USDCHF extends to the upside into MA targets
The USDCHF is extending higher and in the process is stretching toward MA targets. The 200 hour moving average comes in at 0.9083. The 200 bar moving average on the 4-hour chart comes in at 0.9089. Al...more
NZDUSD stays below its key 200 day MA and 50% retracement target. Sellers stay in play.
The NZDUSD is staying below its key 200 day moving average of 50% retracement target. Those levels, are between 0.6033 and 0.6035. The high price today stalled at 0.6030. Stalling against the area, k...more