The price of the AUDUSD moved above the 100 and 200 day MA last week and ran higher. Now returning to that key MA. In this video, I also take an updated look at the EURUSD, USDJPY and GBPUSD as the dollar buying intensifies. |
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Although there are willing sellers against the eye from last week, the price remains above its 100-day moving average and 50% midpoint of the move down from the November 2023 high. Buyers and sellers battle it out.
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The USDJPY based at the 100-hour MA earlier today. Gave the buyers the go-ahead to push back to the upside technically.
2023-12-08
📈🚀 Exploring S&P 500 E-Mini Futures – Next Key Levels & All-Time High Insights 🚀📈
Hello, Traders and Market Enthusiasts! 🌟 Join us as we delve into the dynamic world of the S&P 500 E-Mini Futures (ES), a crucial indicator of the overall stock market. 📊🔍
🎢 Key Levels to Watch – What’s Next?
Immediate Focus on 4685 & 4711: Understanding the importance of these levels in the current market context. 🎯
4685 Level: The Price Control (PC) of the previous area, a crucial juncture for market direction. 🔄
4711 Level: Value Area High (VAH) of the previous period, indicating potential resistance or support. 📉📈
Future Scenarios: Analyzing potential market movements around these levels and how they may shape future trends. 🕵️♂️
🔵 Inside the Analysis:
Dive into the S&P 500 E-Mini Futures and its
2023-12-07
GBPJPY sharply drops below key support levels, signaling a bearish trend after Bank of Japan’s Ueda suggests possible tightening if inflation doesn’t decrease.
2023-12-06
Discover key support and resistance levels in EURUSD, USDJPY, and GBPUSD. See where price movements are headed and the potential for upside and downside momentum.
2023-12-05
The Reserve Bank of Australia’s decision to maintain interest rates at 4.35% was seen as a dovish move, causing the AUDUSD to decline. Technical analysis reveals a breakdown below key moving averages, signaling potential further selling.
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Here’s a quick technical analysis on the AUDUSD pair with some fundamental background.
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