Lower trend line holds support. The topside trend line remains as a hurdle above As the markets move toward the end of the day, the USDJPY remains confined by a trendline above and a trend line below.
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Stocks heading into the last hour of trading…Buckle up your seat belt
Major indices trading near the lows for the day as we head into the last hour of trading. As we head into the last hour of trading, the major indices are trading near session lows. The last hour of trading has been extremely volatile of late. Is there any reason to expect any different today?
WTI crude oil futures settle at $20.31
Down -$0.17 or -0.83% The price of WTI crude oil futures is settling at $20.31 That is down $0.17 or -0.83%. The high for the day reached $21.11. The low extended to $19.90. The low price from Monday reached $19.27. That took out the low price from March 20 at $19.46. Those l
The GBPJPY tilts to the downside. Here is why…
Stay below the 100 hour MA The GBPJPY is lower today and the technicals have given some tilt to the downside. Specifically: The key for a downside tilt is to stay below the 100 hour MA. Also of importance is to give the sellers some comfort. Levels to get to and through would be:
USDCAD tests the 200 hour MA
The high just reached 1.42404 The USDCAD moved up to test the 200 hour MA at 1.4244. The high reached 1.42404 and backed off. The price remains 1.4219 currently.
S&P index tests the 100 hour MA
Holds just above the 100 hour MA. Key barometer. The S&P index trading at session lows and in the process is testing the 100 hour moving average currently at 2479.97. The low for the day just reached 2480.32. A move below that moving average could lead to further downside momentum with the 38.2% retracement of the [&helli
The USDJPY remains above the 107.00/trend line
The sellers remain more in control but some stall (for now at least) The USDJPY remains above the 107.00 natural support level and a trend line around the same level (see earlier day ). The price has moved to a low of 107.01 so far. A move below would open the door for more selling.
European shares end the session lower
The month gets off to a negative start March is behind us, but the April trading in the equity markets in Europe got off to a negative start: Provisional closes for the major indices are showing:
USDCAD trades between 100 and 200 hour MAs
100 hour MA at 1.4112 and 200 hour MA at 1.42438 The USDCAD trades between the 100 and 200 hour MAs. The 100 hour MA is down at 1.41125. The 200 hour MA is up at 1.42438. The price today did move above and start the NA session above the 200 hour MA but could […]
NZDUSD runs up to the 100 hour MA as it follows the AUDUSD
Catches the bid from the AUDUSD. The run to the upside was less than the AUDUSD but it still was about 60 pips in a short burst. Traders did come in against a resistance technical level which increases the levels importance going forward.