USDCAD ceiling is well defined. Support is near 200 bar MAs. What next?
2024-02-27
The USDCAD- like other pairs – is trading up and down and awaits the next shove.
The USDCHF remains above the 100 day MA and 50% retracement. Key support at 0.8785.
2024-02-21
The USDCHF is modestly lower on the day but remains above the key 50% midpoint of the move down from October and the 100 day MA near 0.8785.
The USDCAD is ready to session highs as the traders react to lower CPI data in Canada
2024-02-20
While the USD is lower vs most other pairs, the greenback is higher vs the loonie as traders react to lower CPI
AUDUSD: What are the AUDUSD technicals telling us today and into the new trading week?
2024-02-16
The AUDUSD had an down-and-up trading week. What levels are in play now and going forward?
USDCHF test support and bounces back, boosting the dip buying traders confidence
2023-11-29
USDCHF falls to support target area near 0.8728 – 0.8743 but rebounds, giving dip buyers confidence. What next?
AUDUSD bounces off old ceiling (now floor) support and rallies today
2023-11-23
The AUDUSD fell yesterday but bounced off a key floor support near 0.6522. The move higher today has come off highs but is so far holding the rising 100 hour MA support. Staying above keeps the buyers more in control and will have traders looking toward the 50% midpoint of the move down from the July low at 0.65824. On Tuesday, that midpoint was tested but found willing sellers on the first look.
GBPJPY falls to swing area and 50% retracement of recent move higher. Buyers enter.
2023-11-20
GBPJPY falls to swing area and 50% retracement before bouncing back, indicating potential for further upside movement.
NZDUSD buyers lean against the 100 day MA and bounce the pair higher
2023-11-15
The 100 day MA stalled the fall in trading today in the NZDUSD. That level was broken yesterday, tilting the technical bias more to the upside on the longer term chart. Staying above is important for the buyers today and going forward.