Blogs

Buyers pushing the upside Drilling to the 5 minutes chart, the price declines recently did not develop much momentum on the brakes of the 100 bar moving average (blue line – .   The inability to move lower on the little dips below, ultimately gave buyers the go ahead to push higher. 

Bears still in control The NZDUSD for the 2nd day in a row, looked toward the 100 hour MA (and a topside trend line) on the hourly chart and backed off. The 100 hour MA currently comes in at 0.58523. A topside trend line comes in at 0.5866. 

Dow and S&P down. The Nasdaq is holding gains but all well off the highs The US stocks are mixed in early trading.  The S&P and Dow are trading lower. The Nasdaq is holding onto gains. However all the major indices are well off the pre-market highs.

What levels to eye technically The USDJPY is trading near unchanged on the day in what has been an up, down and back up day.  The low for the day did move below the 38.2% of the move up from the Tuesday low. That comes in at 109.592.  A trend line is near that level […]

The range is 469 pips and the price rallied close to 400 pips from the close, but still below the 100 hour MA The GBPUSD has a low to high trading range of 469 pips and at the high the price rallied close to 400 pips (high was up 393 pips), but even with that […]

The extremes are set The EURUSD rallied higher with the general dollar selling today, but when the price reached a topside trend line, the price backed off (see red numbered circles). That trend line currently comes in at 1.0801 which also happens to be the low price from March 18 and near a nice natural level).&

USD backs off as markets threaten back to back stock gains The flight to the dollar "safety" is off today as stocks look to rallly for the 2nd day in a row (could be the first in 6 weeks).  The AUD and the GBP which have been hit hard of late, are the strongest of […]

The market is exuding calmer tones, but volatility is still present ForexLive The dollar is still the weakest performing major currency today but it has pared some of its heavier losses seen earlier in the session, as the market continues to keep the calm ahead of North American trading.

Oil continues to climb after a record-breaking day yesterday ForexLive The jump today could in part be due to dollar weakness as well but oil is finding some reprieve after a dramatic fall on Tuesday towards the $20 level.

The greenback continues to fall across the board to start the session ForexLive The dollar is losing ground across the board as the rest of the major currencies bloc are trading to fresh highs for the day against the greenback.