High to low decline took the index down -35.41% The S&P index erased its year's declines. The end of year level for 2019 was at 3230.78. The high price just reached 3233.13 just before the close.
Blogs
S&P index moves closer to the end of year closing level
Index is within 0.35% of the end of your close Does the market make a run for it today?
NZDUSD tests low end of swing area
16 days and 628 pips The NZDUSD last bottomed 16 days ago at 0.5920. The price just peaked at 0.6548. That is 628 pips in 16 days. The % gain is 10.6%. That is a big gain for a currency in a short period of time.
New all time intraday high for the Nasdaq index
Friday's high at 9845.68 taken out The Nasdaq reached a new all time intraday high. Recall from Friday the price moved up to at that time a new record high at 9845.688. That took out the February high price at 9838.37. The price just extended up to 9850.301.
USDJPY knocks on the 200 day MA door
200 hour MA below and 100 day MA below that. All MAs lining up The USDJPY is back down and knocking on the 200 day MAs door at 108.375. Just below that is the rising 200 hour MA at 108.34. The 100 day MA is at 108.256. Lots of support in the 108.256 to 108.375 […]
USDJPY runs down toward 50% retracement/200 day MA in quick move. Bounces
Lots of support int eh 108.33-45 area The USDJPY fell below the 100 hour moving average at 109.038 and a upward sloping trendline. The combination put sellers more control and the pair just ran down to test the 50% retracement at 108.456 and the 200 day moving average at 108.388. The&am
ECB Lagarde: Covid-19 has led to an unprecedented contraction of economic activity
Lagarde speaks to European parliament For the full text of her speech . CLICK HERE Last week the ECB surprise the market by increasing bond purchases by €600 billion.
GBPUSD trades above and below 200 day MA
After stalling twice at the 200 day MA, the last two days has seen price action above and below the MA The GBPUSD stalled in April not once but twice right against its 200 day moving average (green line in the chart below). Finally on Friday, the price of the pair extended above the moving average level
USDJPY corrects toward lower trend line/swing area
Rising 100 hour MA at 109.029. The USDJPY has corrected toward a lower trend line at 109.157 area. Just below that, a swing high from Thursday and swing lows from Friday at 109.159. Below that is the rising 100 hour MA at 109.029. The price has not been below the 100 hour MA since June […]
EURUSD bounces off retracement levels. Gets closer to the 100 hour MA
Rising 100 hour MA at 1.12563 The EURUSD has traded up and down today. With the low extended below a trendline on the hourly chart but saw the price bounce higher off the 38.2% of the move up from a swing low on May 29 and the 61.8% off the move up from last Thursday's […]