Technical Analysis

USDCAD buyers take the price above a cluster of MAs today The USDCAD buyers are making a play today. Here are the technical reasons: The price low yesterday stalled ahead of the price low from Wednesday. The low reached 1.2452. The low from Wednesday’s trade reached 1.24476. Moreover the low from yesterday was near the
GBPJPY moves below a floor between 155.918 and 156.06 The GBPJPY is trading lower for the second consecutive day after the high price from yesterday stalled against the swing area/ceiling between 157.42 and 157.766. Today, the pair moved below a old ceiling/floor going back to December 31 between 155.918 and 156.06. The price is currently
EURUSD on the 4-hour chart The EURUSD moved lower and lower today. In the process, the pair moved below what was a swing area going back to November. That area held earlier in the week. Moving below, increased the bearish bias and kicked the price lower. Looking at the 5 minute chart below, the move
Selling in the major stock indices accelerated into the close, with all the indices all closing near the lows for the day. The NASDAQ index was the biggest loser and fell for the first time in four trading sessions The Dow and S&P broke their two day win streak All three indices are now on