As markets await the U.S. Federal Reserve’s rate decision at 2 PM ET—where no change is expected—the U.S. dollar is trading mostly – but modestly …
Category: Technical Analysis
Fundamental Overview Gold recently got a boost from safe haven flows triggered by the Israel and Iran attacks. Those flows eventually reversed as the market …
The AUDUSD stalled yesterday after briefly breaking to a new high not seen since November, only to reverse lower. The failure to sustain the breakout …
The NZDUSD reached a new high for the year on Monday, but the move quickly lost momentum as buyers turned into sellers, making the breakout …
In the prior post on the GBPUSD, I outlined the 38.2% retracement as a downside target for the GBPUSD. The retracement level came in at …
The GBPUSD is stretching to a new session low and is now testing a key rising trend line support. This level has helped define the …
The USDCAD has moved back above a previously broken trend line on the hourly chart, offering buyers a minor tactical win. However, to build a …
The GBPUSD has moved to a new session low, falling below both the 100-hour (blue line on the chart above) and 200-hour moving averages Pring …
The major US indices are opening a lower. The NASDAQ index is the worst performer with a decline of -0.66% at 19570. That is down …
The USDCHF has moved above its 100-hour moving average at 0.81338, after repeatedly testing and holding below that level late yesterday and earlier today. The …