AUD/USD runs into a test of the 100-hour moving average now See here for global coronavirus case data The aussie is paring losses in early European morning trade, as we see AUD/USD move off earlier lows of 0.6432 to test the 100-hour MA (red line) @ 0.6482 currently.
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Mixed results from the major indices today
Dow down. S&P modestly higher. Nasdaq higher The major indices are ending the day with mixed results The Dow is ending lower. The S&P is near unchanged and the Nasdaq is up about 0.8% on the day
USDJPY trades to a new session high
Getting more comfortable above 200 bar MA on 4-hour chart The USDJPY continues the trend higher. The price corrections have been modest. The price is also moving above the 200 bar MA on the 4-hour chart. That MA comes in at 107.67. Stay above is close risk for intraday longs.
S&P now erases the day's losses
NASDAQ index leads the way. Dow still negative The NASDAQ index has been positive for a while and is currently up 65 points or 0.72% and 9187. It too is making new session highs
European shares close the day lower
German DAX, -0.66% See here for global coronavirus case data
USDJPY runs up toward 4 hour MA resistance
MA on the 4 hour chart being approached The USDJPY has continued to move to the upside and in the process is moving closer to a test of its 200 bar moving average on the 4 hour chart (see green line in the chart above).
AUDUSD had their shot and failed
Can the dip buyers keep a correction going? The sellers in the AUDUSD the price below its 100 and 200 hour moving averages (blue and green lines) and the 50% retracement (all in the 0.6469-743 area). The price moved to a low 0.64719. The sellers had the shot to take the pair lower, but
USDCAD ping pongs between risk defining levels
Traders play the support/resistance levels In an earlier post, I commented on the USDCAD move higher and how a key cluster of resistance was finding some sellers. I also drilled to the 5 minute chat and outlined the 38.2% retracement at 1.39728.
Nasdaq index turns positive.
S&P and Dow still lag The NASDAQ index has turned a positive after earlier declines. The leader of stocks this year is currently trading up 3 points or 0.03% up 9124.27. The high price extended to 9140.285. The low reached 9053.176.
USDJPY tests April 30 swing high.
USDJPY April 30 high at 107.492 being tested Looking at the hourly chart above, the price opened below its 200 hour moving average at 106.621 (green line in the chart above), but quickly moved higher to test its 50% retracement at the 107.00 level. After correcting down to the 38.2% retracement at 106.74, the price […]