Blogs

Sellers to lean against the level The GBPUSD remains below its 100 day moving average 1.25693 ().  The London morning session high did extend up to 1.25751. More recently the high price reached 1.25691 - just below the moving average level – and backed off again.

S&P trading above and below unchanged Looking at the hourly chart of the Nasdaq, the index remains above the rising 50 hour MA at 9396.66. The 100  hour MA (blue line) comes in at 9250.22 currently.  Last Wednesday at the week's low, the price bounced off the 100 hour MA line. If the price is to […]

New highs for the AUDUSD. The AUDUSD is not up 1.32% as the run higher continues. Stocks after a early move lower  in the broader indices, moved back higher (although the Nasdaq has reversed lower as I type).  

The rallies continue for those pairs The NZDUSD as extended to a new session high and solidifies the pair as one  of the strongest currencies today. The AUDUSD is now up 1.15% on the day and is the strongest. The NZDUSD is the 2nd strongest with a gain of 0.95%.  

Dow Jones industrial average leads the way higher. The NASDAQ turns negative in early trading after opening higher, the broader indices have come off in the 1st few minutes of trading. The NASDAQ index as a high of 9566.652 but is currently trading at 9548.5. That has taken the index in the red by about […]

Buyers keep in control There was some weakening of the EURUSD in the Asian session when the price fell below a lower channel trendline. However momentum could not be established. 

Buyers take a breathe after first test of 100 day MA since March 10 The GBPUSD tested its 100 day moving average for the 1st time since March 10. That moving average comes in at 1.25693 on my chart (bid side).  The high for the day reached up to 1.2575 and backed off.

Both longer-term moving averages are near the same level. Key barometer for both buyers and sellers The USDJPY is up testing its 100 and 200 day moving averages. The 100 day moving averages at 108.294. The 200 day moving average is 108.315. The current prices trading right at those levels.

The USD is mostly lower The AUD is the strongest and the JPY is the weakest as NA traders begin the day. The AUD was the strongest currency yesterday. It continues it's trend to the upside after the RBA kept rates unchanged (as expected). The USD is mostly weaker (it was the weakest currency yesterday), […]

AUD/USD trades at its highest level since 24 January For bank trade ideas, check out eFX Plus The aussie is continuing to build on further gains against the dollar, as we see price touch a high of 0.6852 on the day – its highest level since late January.