Technical Analysis

Bitcoin spills to $9500 in range break

Bitcoin breaks support Bitcoin fell as low as $9486 in a quick rout in the past hour. It's taken out the July low in the fall, ending the minor bull flag that was forming. $9088 is the late-May high and that and the $9000 figure will now act as support.

More Technical Analysis

GBPUSD Tue 16 Jul

Cable hits fresh session lows ahead of UK labour market report release

GBP/USD falls to a low of 1.2458 on the day ForexLive

EURGBP Tue 16 Jul

EUR/GBP hits fresh six-month high amid weaker pound

Can EUR/GBP firmly hold a break above 0.9000 today? ForexLive The pair has been knocking on the door of the 0.9000 handle over the past two weeks and is now hitting a fresh six-month high as the pound slips on the day. If buyers can manage a daily break above the 0.9000 handle, I reckon it could keep the rally going for a while more towards the highs seen in December and January.

GBPUSD Tue 16 Jul

Cable slips under 1.2500 as pound woes continue

Cable inches a little lower, falling below the 1.2500 handle now ForexLive Price falls to a near one-week low of 1.2493 as the pound loses some ground to start the European morning. There aren't any fresh headlines driving the bit-part decline but the overall sentiment for the quid remains murky with Brexit uncertainty still prevailing.

NZDUSD Tue 16 Jul

NZD/USD buoyed as buyers search for break above key daily resistance levels

NZD/USD is lurking around the highs posted yesterday ForexLive The more earlier today is one of the reasons giving buyers some added confidence to start the session but ultimately, the daily close today will once again be key to gauge any further momentum to the upside in NZD/USD.

GOLD Mon 15 Jul

Goldman Sachs techs see more upside in gold

Gold "has room for at least one more rally" Goldman Sachs technical analysts suggest adding topside exposure to gold if prices fall into the $1402-$1407 range (spot $1412) for a minimum target of $1465 with the scope for a rise to $1513 and risking no lower than $1386.

USDCHF Mon 15 Jul

USD/CHF slips to two-week low as dollar eases a little on the session

USD/CHF touches its lowest level since 1 July For USD/CHF, sellers are back in near-term control and are poised to search for a further extension lower if they can navigate a firm break below the 0.9800 handle.

GBPUSD Mon 15 Jul

Cable slips to session low as pound holds slightly softer

GBP/USD falls just under the 1.2550 level ForexLive The pound is a little softer in European morning trade as price just slips to under 1.2550 against the dollar. Trading has been light for the most part among major currencies with markets in a calmer mood to begin the new week.

EUR Mon 15 Jul

The pound has the potential to gain some ground against the euro for now - Nomura

Nomura recommends a short in EUR/GBP after the pound's recent losing streak against the single currency ForexLive The pound has struggled against the euro since the middle of May as EUR/GBP bounced from around 0.8500 to test the 0.9000 handle over the past few sessions. The latter is proving to be a bit of a tough spot for buyers to break above and Nomura is saying that this may be as good as it gets for the pair for the time being.

NZDUSD Mon 15 Jul

NZD/USD tests key resistance levels as buyers attempt to secure a break higher

NZD/USD is hovering just above its 200-day moving average ForexLive The pair is trading up to a session high of 0.6723 now and is holding just above the 200-day MA (blue line) @ 0.6716. If buyers successfully manage a break above that, it will shift the bias in the pair to be more bullish again.

AUDUSD Mon 15 Jul

AUD/USD moves higher to challenge key resistance levels, buoyed by Chinese data earlier

The pair is trading near session highs close to 0.7035 ForexLive And the pair is testing the 100-day MA (red line) @ 0.7022 in trading again to start the new week. The move higher in the aussie comes after some , despite Q2 GDP slowing to its weakest annual pace in 27 years.

SP Fri 12 Jul

Major indices all close at record highs (and close at the highs for the day)

S&P index closes above the 3000 level for the 1st time ever Its the Triple Crown. All three of the major US stock indices closed at session highs. For the S&P index, it is closing above the 3K level for the very first time after toying with moves above on Wednesday and Thursday only to fail.   

CFTC Fri 12 Jul

CFTC Commitment of Traders: The GBP shorts increased and is the largest spec position of the majors

Forex futures positioning data among non-commercial traders for the week ending July 9, 2019. GBP is the largest posiition with shorts increasing by 9K. The GBPUSD is ending the week higher.

GOLD Fri 12 Jul

Gold higher as USD falls.

100 hour MA stall point at lows. Gives buyers a reason to buy The price of gold started the day testing its 100 hour MA (blue line). After a modest bounce, there was another look at the MA level where buyers showed up again. Holding - and the lower dollar - has been the catalysts for the move back higher.

USDJPY Fri 12 Jul

New lows in USDJPY

Neckline (and other technical levels) are broken The pair has been taking out target after target in trading today (). see earlier post

WTI Fri 12 Jul

WTI futures settle the day (and for the week) up $0.01 at $60.21

Up 0.02% The price of WTI crude oil future are settling the day (and week) by the smallest of margins. The price is up 1 cent or 0.02% at $60.21. The high for the day reached $60.74

AUDUSD Fri 12 Jul

AUDUSD moves to week highs and toward 100 day MA

Dollar falling into the weekend The AUDUSD is stretching to a new session high and in the process is looking to test the 100 day MA at 0.70208.  The pair today bottomed at the start of the session against the 100 bar MA on the 4-hour chart, MOved above the 200 hour MA and retested that MA in the NY session. That holding - and dollar selling - has now sent the price toward that key 100 day MA. THe price moved above that 100 day MA back on July3 and 4th, but failed, retesting on the 5th before moving lower. There should be sellers on the test of the MA with stops on a break above.  

DOW Fri 12 Jul

Stocks at all time highs. Earnings season starts next week

The earnings calendar for the next two weeks  The major stock indices are trading near the highs for the day, and baring an afternoon's swoon, the major indices are also on pace for all-time record high closes today.   


European shares little changed to end the week

Major indices lower on the week The major European indices are in the week little changed. For the week, there are modest declines.The provisional closes for today are showing:

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