Technical

The Nasdaq opened lower, then rallied and briefly moved above the 100-day moving average at 16,876.83. Just above that is the 50% retracement of the move up from the May low to the July high. That level reached 16,946.92. Today’s high…

Basic OverviewThe US dollar has been steadily rising against most major currencies over the past two weeks, although the catalyst behind the move has been unclear. A good argument has been that most of the moves we have seen have been…

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…

Basic OverviewThe US dollar has been steadily rising against most major currencies over the past two weeks, although the catalyst behind the move has been unclear. One good argument is that most of the moves we have seen over the past 10…

Basic OverviewThe US dollar has been steadily rising against most major currencies over the past two weeks, although the catalyst behind the move has been unclear. One good argument is that most of the moves we have seen over the past 10…

Bitcoin for sure It was executed on the upside. Over the past three weeks, many investors have now become convinced of a full comeback. Rising priceVarious technical indicators support this surge in optimism. Among these…

In the opening video for July 26, 2024, I take a look at three other major currency pairs from a technical perspective - EURUSD, USDJPY, and GBPUSD. The EUR/USD pair has been trading up and down for the past three days. In favor of the…

High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss.…

Basic OverviewGold has been on a steady decline since hitting an all-time high last Wednesday. We have seen a reversal in several other markets since last Wednesday, and it is not clear what was behind the move. Data continues to point to a…

In my opening video on July 19, I took a look at the three major currency pairs - EURUSD, USDJPY, and GBPUSD. The EUR/USD pair fell, continuing the decline it started yesterday, and in the process tested its rising 200-hour moving average…