EURUSD trades to a new session low as selling/bearish bias increases
2023-05-12
The EURUSD is trading to new session lows as a selling/bearish bias increases. In trading this week, the pair broke outside of a 4 – 5 week trading range. What was key was a corrective high back to that breakout level, and found willing sellers. That gave sellers the go-ahead to push lower. What next from a trading perspective? What’s the next key target? What’s the close risk? Selling levels if the USD is to stay strong?
EURUSD moves higher (lower dollar) and tests the 100/200 hour MA
2023-05-10
Discover the recent sharp rise in EURUSD after the release of US CPI data. Stocks are up, and yields are lower. Watch as we analyze the pair’s testing of the 100/200-hour moving averages (1.1003 – 1.1008) and the significant 50% retracement level (1.10157) from last week’s high. Breaking above these levels indicates a more bullish outlook.
Stay tuned for a concise technical analysis of EURUSD, uncovering key levels and insights.
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The USDJPY battle is on. In this video, I outline the key levels in play.
2023-05-08
The USDJPY traders are battling it out with hourly moving averages stalling the move higher, and the 100 bar moving average on the 4 hour chart, providing support. A key swing area on the 4 hour chart is also a key resistance area that would need to be broken to increase a bullish bias.
The USDJPY is soaring after BOJ decision. The GBPUSD tries another upside break.
2023-04-28
The USDJPY soared in trading today as new BOJ head Ueda signaled no change in policy. That has the USDJPY moving toward its 200 day MA at 137.00 area.
The EURUSD moved below the 200 hour MA and trend line, but stalled near the week lows (Tuesday’s low). Stay below 200 hour MA keeps the sellers more in control today A move back above, not so bearish.
GBPUSD is trying to break above a swing area. Prior breaks this week failed fairly quickly. Can the break be maintained today?
AUDUSD transit to the downside and approaches a floor area. What next?
2023-04-25
The AUDUSD corrected higher into the Asian session today, and in the process tested the 100 hour MA. Sellers leaned against the level, and has been trending the pair lower since then.
In the NY session the pair has moved below a swing area between 0.6649 and 0.66526. Stay below is more bearish going forward.
The move lower has looked to approach the March 24 low at 0.6625 in the April 10 low at 0.66186. Move below that area opens the door for further selling potential with March lows at 0.65639, and a swing area between 0.6544 and 0.65847 as the next key target.