EUR/USD backs further away from its 100-day moving average The pair looked like it was set for an upside breakout yesterday before the dollar turned things around and sellers latched on to the 100-day moving average (red line). The key level is seen @ 1.2054 and price is pushing further away towards 1.2000 in European
Major indices down for the second straight day It’s not a good start to the week as the major indices closed for the second straight day. S&P index fell -28.3 to points or my 0.68% at 4134.93 NASDAQ index fell -128.49 points or -0.92% at 13786.27 Dow -256.27 points or -0.75% at 33821.36 After the close
The move back below the 100 hour MA hurts the bulls Earlier in the day, the AUDUSD held the 50% retracement of the last move higher from the low yesterday at 0.77604. That kept the buyers in play. The subsequent move below the level, however, saw the buyers turn to sellers, and on the break of the 100 hour MA (at 0.77475),
No firm breakthrough yet for buyers above 1.4000 The pair is still trading around 1.3990-09 levels for the most part at the moment as buyers are unable to secure a runaway break to the upside of the 1.4000 level. The figure level has proven to be a stubborn resistance point in the past, as notable
EUR/USD up a half-cent The euro spent the latter half of last week trying and failing to break above 1.2000 but earlier today it finally made its move after a dip to 1.1940 was rejected. It climbed more than 100 pips from its intraday low in a straight-line move to 1.1943. Since then it has
Cable up 150 pips A soft US dollar explains about one-third of the cable move today but the rest is UK-driven. There isn’t a particular catalyst though, with news flow out of the UK very limited today. The latest is that the UK has added India to its travel ban list over covid variant concerns.
Learn how to catch more trends by following that simple trading mantra [embedded content] Many traders look at sideways markets as a time to fall asleep and ignore that market or specific currency pair. In reality, there comes a time in the sideways markets, where you need to become uber aware of the price action. The reason?
CFTC Commitments of Traders: Little changes in the futures net position data for the week Coming Up! Title text for next article LON +1 SDNY+11 NY -4 TYO +9 GMT Technical Analysis Weekly forex futures positioning data for the CFTC for the week ending April 13, 2021 EUR long 67K vs 68K long last week.
WTI crude oil futures to settle at $63.13, up $0.33 or 0.52% the price of WTI crude oil futures are settling at $63.13. That is up $0.33 or 0.52%. The high price for the day reached $63.88. The low price extended to $62.83. The June contract settled lower by $0.32 at $63.14 Technically, the price is
Price trended higher this week. In my latest video, I focus on the non-trending nature of the AUDUSD and how it based and rocketed higher. You can see it HERE. The price moved up around 180 pips from the low in the NY session on Tuesday, and above 138 pips after the pair moved back