The USDCHF is back above the 200-day MA at 0.88354. That level will be the short term barometer for buyers and sellers. Staying above is more bullish. |
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2024-02-27
The USDCAD- like other pairs – is trading up and down and awaits the next shove.
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.
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
2023-11-30
The EURUSD has fallen to a new session low, testing a swing area and a 38.2% retracement. Eurozone CPI data came in weaker than expected. The price also dropped below its 200-hour moving average for the first time since November 13.
2023-11-29
The GBPUSD reached the 61.8% retracement level but failed to sustain above it, leading to a reversal. Traders cautious for a correction lower would want the price to stay below this level at 1.27189.
2023-11-23
The 100 hour MA in the USDCAD is giving some cause for pause.
2023-11-22
Here’s a quick technical analysis on the USDJPY pair with some fundamental background.
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2023-11-20
The USDCAD has moved higher in early NA trading and in the process moved above its 100 hour MA. Above the 200-hour MA looms as resistance. So the price bias is more neutral with the buyers making the most recent play.
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