EURUSD rallies to 100 day MA at week highs and tumbles to triple bottom. What next?

2024-11-05

This week’s Canadian dollar bounce highlights the Presidential premium

The world of foreign exchange is multi-variate so you never get a full grasp on what’s moving a currency on any given day.
Economics always overshadows politics and the US election has been playing out in the background for months. There are certainly election trades in equities and other pockets of markets but big macro trades have been tough to handicap, particularly because of the high probability of a divided congress.

Even last week as we entered the final countdown to the election, the signals were skewed because of a wave of top-tier economic data released alongside the final polls. Over a longer period of time, Treasury yields and the dollar have been rising but that’s mostly been due to better economic data

2024-11-01

USDCAD consolidation near key resistance at 2024 high. Will the ceiling break for a bullish move toward 2022 highs? Traders, keep an eye on the levels and momentum!

2024-11-01

What is at play for the 3 major currency pairs

2024-09-11

A technical look at the market after the US CPI data

2024-09-06

US jobs report weaker than expected, driving significant movements in major currency pairs

2024-07-02

The two moving averages in the AUDUSD are near converged at 0.6644. Stay above is more bullish.

2024-07-01

The USDJPY trades to the highest level since 1986 as its run continues

2024-06-21

The 100/200 bar MA on the 4-hour chart is in the middle of the trading range confining the pair over the last 6-7 weeks. Key level today and going forward for the pair.