EUR/USD hits 1.1070 The euro is higher for the third day and finally appears to have definitively broken above 1.1018 and the stick area of resistance there.
Blogs
AUDUSD buyers make a play above the 200 day MA….again
The test of the 200 day MA held on the first test, but not the second today. The AUDUSD buyers took the price to the 200 day MA a few hours ago and found sellers (at 0.66537). The sellers took the price back down to a low of 0.6636, before reversing back higher. The pair has […]
That support target in the USDCHF didn't do much
Sellers below the level have taken the USDCHF sharply lower The 100 day MA and trend line on the hourly chart was tested and then broken at 0.9682. The buyers did not hesitate to exit. The sellers added to the momentum move lower. The price tumbled to a low of 0.9647. The low for the […]
And the Nasdaq takes the lead…
The Nasdaq overtakes the S&P and Dow to lead the way higher The premarket and early trading saw the NASDAQ index as the weakest of the major indices as the continuation of the reallocation into the weaker stocks was the theme.
EURUSD pushes to a new highs for the day and the week.
Approaches the 50% retracement of the years trading range. Trade at the highest level since March 30 The EURUSD is pushing to a new session high and in the process is moving closer to the 50% retracement of the years trading range at 1.10633. The pair has moved to the highest level since March 30
GBPUSD has held support. That's the bullish view.
The topside is meh…. The GBPUSD is trading near highs for the day but I can't say the price is racing higher. The pair is well below the highs from yesterday at 1.23528 and Tuesday at 1.23622. The high price today just reached 1.23037.
Lots of chop in the USDCHF, but 100 day and trend line being tested
Key barometer for the buyers and sellers The 100 day MA and trend line connecting recent lows on the hourly chart are both being tested at 0.96825 area. The level should be a key barometer for both the buyers and sellers. Stay above, gives the buyers the edge. Move below, gives the sellers the edge.
Reallocation continues as major indices open mixed
Dow and S&P open higher. NASDAQ lower The snapshot 3 minutes into the opening is currently showing: a look around the markets currently shows: See here for global coronavirus case data
AUDUSD tests 200 day MA. At new session highs. Key barometer for buyers and sellers.
The 200 day MA was broken on Tuesday and Wednesday only to fail. The AUDUSD is up testing the 200 day MA at 0.66535. Low risk focused traders may look to lean against the level as risk could be defined and limited (with stops if the price starts to trade more comfortably above the MA […]
EURUSD trades above and below 200 day MA.
Buyers trying to push higher, but ceiling being developed Traders are taken the price back up toward the highs for yesterday and today (in the 1.10305-347 area). The North American session high just reached 1.10292 and backed off.