The 100 hour MA is at 1.0777 level The EURUSD has moved higher in the session today and in the process has been able to extend above its 100 hour moving average currently at 1.0775. The price has not traded above that 100 hour moving average since March 11. That shift today was the minimum to give the bu

Up 1.91% on the day The GBPUSD is one of the strongest currency pairs today with a gain of 1.91% (the GBPCAD is the only pair stronger so far today).  The pair has a near 300 pip trading range. That is above the 22 day average of 227. The prices up around 220 pips on the day at 1.1763. &nbsp

Major indices up about 5% to 6% Hopes for a fiscal stimulus package. Hopes that the Fed and central bank action will stop a sharp fall in economic activity. Hopes that the virus curve flattens are all helping the tone today.  

Topside trend line is close resistance. 100 hour MA is close support The USDCAD is in a down and up day. The price just peeked near the high from the 1st hour of trading. That level also tested a topside trend line at 1.4522. The high just reached 1.4530 and backed off. Sellers could not […]

Forex market was in a pause mode last week, euro and gbp eroded their recent gains, but will they continue the decline or it was just a breather? Aud registered a new high this week before slipping down due to profit bookings. Jpy weakness was also in a state of stagnation. Traders made good profits<a […]

To reopen stores on staggered basis they also said: The president today has said that he would like the US to reopen by Easter Sunday on April 12. ForexLive

Yields, stocks helping. Olympic delay may be hurting the JPY too The USDJPY extends to new session highs.&nbsp; The price just&nbsp;moved above the Asian session high at 111.28. The&nbsp;pair is trading at 111.33 currently.

Up over 6.5% on the day The&nbsp;S&amp;P index has had an impressive rally in&nbsp;trading today with the index up&nbsp;over 6 1/2%. The index&nbsp;was up around 7% the highs.

The 100 hour MA is being tested The EURUSD moved higher and made some key steps to the upside, chief of which was getting above the 100 hour MA (blue line – ).

Price has not been above the 200 hour since March 10th. The AUDUSD is higher on the day, but has been moving up and down between 0.5864 to 0.5974 through the London session.&nbsp;