| The 100-hour MA and the 50% is close support at 1.2453. Key barometer in the short term for the buyers and the sellers. |
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SPX index price prediction
2024-12-29
When will the Trump gap get filled? What will I be looking out for if SPX creates a 4th touch at about 6200 (or close to it) on the key resistance line from July 2024? How can the anchored VWAP from the 06 Sept 2024 major low be a guidance to trading algos and trading professionals? What double bottom may be interested to follow, if created? Find out about some crucial orientation junctions on my technical map for the S&P500 index.
AUDUSD correcting higher after the sharp break and back toward swing area resistance.
2024-12-19
What next for the AUDUSD? What technical levels need to be broken to give buyers some confidence?
The USDCHF buyers are in control.What is needed in the ST to give the sellers some control?
2024-12-18
Getting the USDCHF below and staying below 0.8898 is needed to give the sellers some confidence. Absent that, and the buyers are in firm control.
GBPUSD and EURUSD move higher, but there is work to do to tilt the bias more to the upside
2024-12-16
GBP/USD and EUR/USD are climbing higher, breaking key levels. GBP/USD eyes 1.2700, while EUR/USD faces resistance at 1.0525. Traders watch for sustained moves to gauge market bias.
USDCAD buyers hold support. Tests the high for the week. Buyers in control.
2024-10-25
For the week, the low was on Monday. Up and down price action through the BOC rate cut, but the corrective probing was modest with a floor at 1.3813 now.
USDCAD corrects lower after BOC rate cut. A swing low tries to hold support today.
2024-10-24
The swing area base from earlier this week is holding support.
USDCAD backs off after rising to swing area. Traders may be feeling the pair may be overbought
2024-10-22
Traders are taking a breather in the USDCAD
Kickstart the FX trading day for Oct 21 w/ a technical look at the EURUSD, USDJPY & GBPUSD
2024-10-21
The USD buyers are trying to exert their control on the 3 major currency pairs to start the trading week.
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