The USDCHF extended its decline last week, breaking to fresh lows not seen since 2011. In doing so, the pair decisively moved below a major …
Category: Technical Analysis
The US stock market is little changed. The US yields are higher by about 3-4 basis points after falling by 10 or so basis points …
Fundamental Overview As the stock markets around the world bottomed, the pressure on gold eventually waned and the precious metal rallied strongly into new all-time …
The GBPUSD trading and 1.3194. That’s within six pips of the high for the day at 1.3200. The high price for the year is also …
The EURUSD surged to its highest level since February 2022 on Friday, reaching a peak of 1.1473. That high came up just short of the …
The NASDAQ index gap higher and in doing so gapped above its 100 hour moving average (blue line on the chart above). The high price …
It wasn’t long ago—back on March 26—that copper surged to a new all-time high of $5.37 (see post here). Since that peak, however, the price …
The AUDUSD is once again flirting with its 100-day moving average, currently near 0.62917, and the risk is that history repeats. The last two breaks …
The USDCAD broke below its 200-day moving average last Friday—a key technical development that marked the first sustained move under that level since October 7, …
The USDCHF broke to its lowest level since 2011 last week, falling beneath a critical long-term support zone between 0.8333 and 0.8373. This multi-year floor …