USDCHF flips from more bullish to more bearish.
2024-01-05
The buyers tested the 50% midpoint in the USDCHF, but found willing sellers. The price has now reversed and is now below the 100/200 hour MA. That tilts the technical bias to the downside once again.
WTI CRUDE OIL TECHNICAL ANALYSIS
2024-01-04
#crudeoil #futures #technicalanalysis
In this video you can learn about the latest fundamental developments on Crude Oil. You will also find technical analysis across different timeframes for a better overall outlook on the market.
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Topics covered in the video:
0:00 Fundamental Outlook.
0:50 Technical Analysis with Optimal Entries.
2:10 Upcoming Economic Data.
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EURUSD finds support buyers near 1.0942 area, but bounce is modest
2024-01-02
The sellers in the EURUSD today, took the price back to the midpoint of the range since the 2020 high at 1.0942 (the low reached 1.0940). The buyers leaned against that level and bounced the price modestly to 1.0967. Since then the price is trading up and down withing the 27 pips range.
Given the sharp move lower today, and modest correction, I am inclined to keep the short term tilt to the downside. However, the price needs to get and stay below the 1.0942 level and then the 50% of the move up from the December 2023 low. That level comes in at 1.0931. Near that level is a number of swing lows and highs going back to mid-December.
For a full technical look at the EURUSD pair, watch the quick look videa.