Technical Analysis

NASDAQ index lower for the second time in three trading days Next week is the granddaddy of all the earnings release weeks with Facebook, Amazon, Apple, Alphabet, Starbucks, Boeing, Caterpillar, etc. all on the schedule. ...

The USDJPY stalled near the swing high from November 2017 and rotated lower The USDJPY is closing the trading week at/near the week lows. That breaks a string of 5 straight higher weeks for the pair which saw the price move from 109.10 to the high this week at 114.69 (559 pips). ...

What are the charts saying for the EURUSD  in the new trading week.  The EURUSD traded below the 200 week moving average over the prior 3 trading weeks.  Each of those weeks could not close below that MA level. In fact, the last 3 weeks closed between the 100 week MA above (blue line ...

Crude oil futures up $1.26 or 1.53% The high for the day reached $83.80. The low extended to $81.76. A week ago, the price closed at $82.47. The gain of $1.29 represents a gain of 1.564% for the week.  The close is the highest in seven years.  Since August 20, the price of crude ...

200 hour MA and 38.2% tested The GBPUSD fell on the back of the tough talk from the EU on Brexit. Adam is not too concerned about it (), but its Friday. European traders are either out the door or near gone which decreases the liquidity. Finally, there was some technical reasons to sell.  ...

European indices close mixed for the week For the week, the indices were mixed with the UK’s FTSE, German DAX, Spain’s Ibex closing lower. In the forex market, the USD has erased earlier declines and trades more mixed in volatile trading.  The JPY is the strongest of the majors, whi...

The USD is weaker vs the majors As the North American session begins, the AUD is the strongest and the GBP is the weakest. The USD is most lower but relatively modestly.   It is Friday which can lead to profit taking flows or other position changing price action as the markets prepare for ...

At least for the time being Yen weakness has been a key theme in the FX space over the past few weeks but there is a sense of a bit of a breather over the past couple of days, and that is also being confirmed by the technicals especially when you drill down to the […]...

Throwing this open to the charting people and any remarks they may have on what appears to me to be a clear outside reversal day for AUD/USD: I stuck an arrow on it so there is no doubt which day I am referring to (if you are new to T/A):...

Nasdaq up for the 6th time in 7 days The broader US stock indices are closing near session highs. In the process, the S&P index is closing at a new all-time record high. The old all time high close was on September 2 at 4,536.95. ...