| The 50% of the move up from December low comes in at 153.736. That is a key support target that has found risk focused buyers today. |
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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 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.
The EURUSD on the hourly chart gives a clearer view of the risk/bias changing levels
2024-10-17
The 100-hour MA is moving lower and closer to the broken 200-day MA. Tomorrow it should move below that key daily MA, making both of those MAs key risk-defining targets going forward.
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