| The 100-hour MA is moving lower and closer to the broken 200-day MA. Tomorrow it should move below that key daily MA, making both of those MAs key risk-defining targets going forward. |
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The EURUSD is above its 100/200 hour MAs. Those MAs are a key barometer area today and going into the new trading week
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The ceiling area in the USDCHF comes in between 0.9146 to 0.9156
USDCAD buyers looking to take more control. Need to get above 50%/200 bar MA on 4H chart.
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Getting above the 1.36757 and staying above would increase the bullish bias
Kickstart the FX trading day for May21 w/a technical look at the EURUSD, USDJPY and GBPUSD
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The price action is limited but there are some key levels that could help your trading today.
In the kickstart video, I take a look at 3 major currency pairs from a technical perspective – the EURUSD, USDJPY and GBPUSD. What is driving the pairs technically? What would either increase the bullish or bearish bias for each for traders today (and why)?
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