EURUSD sellers had their shot. Buyers had their shot. Both are bad shots so far.
2023-05-24
Sellers tried to push the EURUSD to new lows and below a floor and key swing area but failed. The snapback rally the price back to the falling 100-hour moving average. That, along with the 100-day moving average of 1.0813 and the following 200-hour moving average of 1.08274 are tires that would need to be broken to increase the bullish bias from a technical perspective in the short term at least. For now, sellers are in more control, but there is good support also near a key swing area on the daily chart 1.0750 area. The battle rages.
Technical Analysis and Trade Idea for TSLA Bulls (using Fib entry)
2023-05-21
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GBPUSD stayed below a key hourly MA today and that gave sellers the go-ahead to push lower
2023-05-18
The GBPUSD moved below the 100 hour moving average late in the day yesterday after a break above a failed. In trading today in the Asian session, the high found the sellers against that moving average, and it gave the sellers the go-ahead to push to the downside. That move to the downside has taken the price below the low price from yesterday near 1.2421 and also below an old swing area on the daily chart between 1.24228 and 1.2447. If the sellers can stay below those levels, sellers can push down toward 1.2388 – 1.2397 area.
USDJPY buyers and seller square off as selling stalls. What now?
2023-05-11
Discover the latest analysis of USD/JPY price action in this informative video. Explore the key resistance and support levels that are currently influencing the market.
The USD/JPY pair recently moved lower, breaching a target level on the downside. However, selling pressure subsided, resulting in a corrective upward correction. In this video, we examine what lies ahead for this currency pair.
Join us as we dive into a comprehensive technical analysis of USD/JPY, highlighting crucial resistance and support levels. By understanding these levels, you’ll gain valuable insights into potential price movements and market dynamics.
USDJPY moves up to the 200 hour MA.. and stops
2023-05-05
The USDJPY has moved higher after the US jobs reports, but found willing sellers near the broken 38.2% of the April to May trading range. The rise also found willing sellers near the 200 hour MA as well. What now? I speak to the pair and the options.