Blogs

Price has been above the 200 day moving average since May 27 Key levels for both the buyers and the sellers being approached.

Sellers making a play On the moved to the downside the pair was able to extend below a swing area between 0.64678 at 0.64823 (see yellow area in the chart above). If the price can stay below those levels, the sellers still have the short-term advantage/control.

Everything is near extreme levels The risk off trade continues in the forex with the CAD, AUD and NZD all reaching new lows vs the USD (and low levels vs all currencies for that matter).

Major indices down for the 4th consecutive day In the benchmark 10 year yields investors have been buyers across all countries today. The German 10 year note is down -8.5 basis points and is seen the most buying interest.

Pair crossed back above 200 day and 200 hour moving averages The USDCAD is traded to a new session high and trades at the highest level since June 3. The price yesterday reached the lowest level since early March and in the process tested a swing area at 1.3320-457. The low for the day reach 1.33144 rebounding into [&hell

Find buyers on the first look Both the S&P index and the Dow industrial average both just tested their 100 hour moving averages and both initially found leaning buyers on the 1st look.

100 hour moving average currently comes in at 3083.82   On the downside, the pair is getting closer to its rising 100 hour moving average at 3083.80. The price has been above that moving average since May 15. A move back below would have traders looking toward the 38.2% retracement of the move up from the […]

Held support at the 200 hour MA As per the earlier post, the GBPUSD was looking to test the 200 hour moving average currently at 1.26283. The low reached 1.26323. Buyers lean against the level and pushed the price higher.  

Falls away from 200 hour MA. The AUDUSD has made a new low as US stocks open and anxiety increases.  The pair has continue to move lower in the early NY session – falling below the 200 hour moving average at 0.69271 currently (green line in the chart below). The AUDUSD has not traded below its 200 […]

Dow leads the tumble The US stocks are opening with sharp declines with the Dow leading the way to the downside with a and opening decline of over 3.1% (it is currently rebounding a bit). The S&P and NASDAQ are still sharply lower.  Recall the NASDAQ index close at a record levels yesterday and a