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The EUR/JPY pair rallied earlier today, breaking above the 100-hour moving average (solid blue line on the chart below) in the process (currently at 166.679). The subsequent move extended towards the 100-day moving average (gradient blue…

When technical levels overlap and you find sellers (or buyers) leaning towards that level, this should give traders the impression that it is a “key risk-focused level.” This means that if the price cannot get back above that level, sellers…

EUR/USD fell after stronger than expected ISM non-manufacturing data. After holding support against the 100 hourly moving average at 1.08627, sellers have now pushed the price below this moving average. The 200 hourly moving average is…

EUR/USD rose yesterday until it reached its 100 and 200 hour moving averages. Sellers took hold of this level and pushed the price lower during the Asian session as buyers came in support against its 100-day moving average (blue line at…

High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before…

USDJPY fell sharply in the Asian session after breaking below the swing zone at 154.778 and 154.878. The decline saw the price move to and through another target area near 153.99 (we call it 154.00). The low price extended down to 153.595…

The US Treasury will sell US$58 billion of the three notes at the end of the hour. The results will be compared to six-month averages of the main components of the aggregate demand measure. Key components and their six-month averages and…

USDCHF back testing the 100/200 hour MAsEarlier today, the dollar selling took the USDCHF to and through the 100/200 hour MAs which were near converged at the 0.9040 area. That shift back below the MAs, disappointed the buyers from…

Shares of Nvidia are down around -1.9% at $854.71 (down $16.51). Shares are being marked lower after a UK analysts had some cautious comments on the chip maker saying "sentiment on semis are as optimistic as I can ever remember"Technically,…

The NZDUSD started the day with a move below the low of a swing area at 0.6148. However, the price started to find buyers later in the Asian session, and in the process moved through the high of a swing area at 0.6159. That break took the…