Technical Analysis

The 200 hour MA is breached in the Nasdaq but can’t reached the week low The NASDAQ and S&P remain under the most pressure today. The NASDAQ index is currently down -1.1% at 15014.01. The S&P index is down -41.61 points or -0.93% at 4432.02. Looking at the NASDAQ index (see hourly chart above), it did reach below its 200
The 200 hour moving averages at 109.869 The USDJPY continued the run higher started on Wednesday when the price stall against the August 16 in August 17 lows near 109.11. The move to the upside yesterday cracked above the 100 hour moving average but stalled against the 100 day moving average and backed off. Today, the price retried the move to
A topside swing area between 151.44-151.59.  Lower swing area between 150.813-150.865.  The GBPJPY fell to the lowest level since August 27 during yesterday’s trade. That move bottomed at 150.813 which was within a swing area between that level and 150.865.  The price moved back higher and stalled near another swing area which includes the 38.2% retracement at 151.440 and swing
Major indices all higher The US stocks are closing near their highs for the day. The Russell 2000 index of small-cap stocks was the biggest gain or with a 1.1% rise. Dow and S&P up to the last three trading days NASDAQ snapped a five day losing streak The major indices closed near their highs
AUDJPY down -0.72% on the day As London/European traders look to exit for the day, the AUDJPY is one of the the biggest movers (tied with the AUDCHF actually). The AUDJPY has move down 0.72% on the day.  Looking at the hourly chart, the pair has been pushing lower after peaking last on September 7 at 81.983. That high came in