Risk trades are struggling S&P 500 futures are down 2% in the premarket after the index fell 0.9% yesterday. A drag today will be Amazon, whose shares are down around 5% after reporting higher costs late yesterday.
Blogs
Gold moves back toward hourly MAs
100 and 200 hour MAs eyed above The price of gold took some time to catch a safety bid today but looking at the hourly chart below, perhaps the succesful testing of the April 21 low was a small technical catalyst.
AUDUSD traders take the price below the 200 hour MA
Corrective moves higher continue to fizzle The chart below is the 5 minute chart of the AUSUSD. In an earlier post, I posted the same chart (from earlier) and commented on the potential for a correction as the price stalled at the 200 hour MA. The price moved above the 100 bar MA on the […]
Nasdaq index back below its 50 day moving average
Down over 300 points on the day Looking at the daily chart above, the price today has moved below its 50 day moving average. Earlier this week the price did Above that moving average line for the 1st time since early March. On Tuesday the price dipped and close below the level, but rally back […]
USDCAD extends above the 200 hour MA and runs
Buyers opened the upside after basing against support The USDCAD started the NA session below the 200 hour MA but above broken levels including the 38.2% at 1.4007 and a swing area between 1.39947 and 1.40047 ().
AUDUSD tests 200 hour MA and finds buyers on the first look
The first test holds The AUDUSD has trended lower today. The fall was started yesterday after the pair stalled at the 100 day MA at 0.65577 currently.
EUR/USD breaks 1.10 and nears the 200-day moving average
EUR/USD The euro is nearing the 200-day moving average for the first time since March 30. There was a squeeze higher in EUR/USD after it broke the April 15 high of 1.0991, sparking a run on stops.
USDJPY reverse higher. Trading waters become more murky.
Price fall reverses back above 100 hour MA and swing area The price is also moved above the swing area at 106.91 to 106.988. The moves have muddied the waters (made them more murky for buyers and sellers technically) for what was a trend like move lower coming into the North American
The USDCAD waffles between swing area below and 200 hour MA above. Buyers make a play for control.
38.2% also in play below. The USDCAD trended higher in Asian and early European trading. Along the way, the price moved back above its 100 hour moving average (blue line currently at 1.3966) and a swing area between 1.39947 and 1.40047 (see green numbered circles and yellow area in the chart be
Major US indices open lower but off the premarket low levels
NASDAQ index leads the way to the downside The major US indices are opening the session lower. Amazon earnings-per-share disappointed (although revenues were higher) and they indicated they will be spending going forward. Amazon shares are trading down -4.78%.