Technical Analysis

Technical Analysis

FOMC Day! Find out the key levels for the EURUSD, USDJPY and GBPUSD through the decision.

FOMC

FOMC Day! Find out the key levels for the EURUSD, USDJPY and GBPUSD through the decision.

  • What levels are in play for the major currency pairs technically
Greg Michalowski
Greg Michalowski
Wednesday, 01/02/2023 | 18:19 GMT-0
01/02/2023 | 18:19 GMT-0

The price of WTI crude oil tumbles to a new session low

Crude oil

The price of WTI crude oil tumbles to a new session low

  • Trades down to $76.22
Greg Michalowski
Greg Michalowski
Wednesday, 01/02/2023 | 17:27 GMT-0
01/02/2023 | 17:27 GMT-0

USDCAD dips to a new low going back to November and runs into trend line support

USDCAD

USDCAD dips to a new low going back to November and runs into trend line support

  • Trend line cuts across at 1.3290
Greg Michalowski
Greg Michalowski
Wednesday, 01/02/2023 | 15:44 GMT-0
01/02/2023 | 15:44 GMT-0
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Crypto under pressure

bitcoin fxpro

Crypto under pressure

  • On the technical side, the latest pullback is too small to be considered a full-blown correction.
FxPro
Tuesday, 31/01/2023 | 12:07 GMT-0
31/01/2023 | 12:07 GMT-0

AUDUSD extends back above the 100 hour MA

AUDUSD

AUDUSD extends back above the 100 hour MA

  • 100 hour moving average comes in at 0.7077
Greg Michalowski
Greg Michalowski
Wednesday, 01/02/2023 | 14:36 GMT-0
01/02/2023 | 14:36 GMT-0

The ADP comes in weaker and sends the dollar lower ahead of the FOMC decision.

Forex

The ADP comes in weaker and sends the dollar lower ahead of the FOMC decision.

  • A look at the EURUSD, USDJPY and GBPUSD in the morning forex technical report for Feb 1, 2023
Greg Michalowski
Greg Michalowski
Wednesday, 01/02/2023 | 14:10 GMT-0
01/02/2023 | 14:10 GMT-0

EURUSD moves to a new high after the weaker ADP

EURUSD

EURUSD moves to a new high after the weaker ADP

  • Ups and downs continue with the pair back above the 100 /200 hour MAs
Greg Michalowski
Greg Michalowski
Wednesday, 01/02/2023 | 13:39 GMT-0
01/02/2023 | 13:39 GMT-0

The AUD is the strongest and the CAD is the weakest ahead of the Fed decision later today

forex

The AUD is the strongest and the CAD is the weakest ahead of the Fed decision later today

  • Eurozone Flash CPI falls faster than expected
Greg Michalowski
Greg Michalowski
Wednesday, 01/02/2023 | 13:14 GMT-0
01/02/2023 | 13:14 GMT-0

USDCHF follows the USD lower after lower employment cost data

USDCHF

USDCHF follows the USD lower after lower employment cost data

  • US yields are lower
Greg Michalowski
Greg Michalowski
Tuesday, 31/01/2023 | 14:29 GMT-0
31/01/2023 | 14:29 GMT-0
FOMC Day! Find out the key levels for the EURUSD, USDJPY and GBPUSD through the decision.

The US employment cost data gives the USD a shove to the downside in early NY trading

USD

The US employment cost data gives the USD a shove to the downside in early NY trading

  • Hopes for lower inflation helps stocks recover as well and sends yields lower
Greg Michalowski
Greg Michalowski
Tuesday, 31/01/2023 | 14:07 GMT-0
31/01/2023 | 14:07 GMT-0
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Bitcoin feels the need for correction before further growth

BTC

Bitcoin feels the need for correction before further growth

  • Bitcoin is gradually approaching its key moving averages.
FxPro
Monday, 30/01/2023 | 10:34 GMT-0
30/01/2023 | 10:34 GMT-0

The JPY is the strongest and the AUD is the weakest as the NA session begins

Forex

The JPY is the strongest and the AUD is the weakest as the NA session begins

  • The USD is higher ahead of the Fed decision tomorrow.
Greg Michalowski
Greg Michalowski
Tuesday, 31/01/2023 | 13:23 GMT-0
31/01/2023 | 13:23 GMT-0

Stocks take a turn to the downside and close near session lows

S&P

Stocks take a turn to the downside and close near session lows

  • S&P index moves away from the 4100 level. The NASDAQ index closed below its 200
Greg Michalowski
Greg Michalowski
Monday, 30/01/2023 | 21:07 GMT-0
30/01/2023 | 21:07 GMT-0

WTi crude oil settles at $77.90

Crude oil

WTi crude oil settles at $77.90

  • Down -$1.78 or -2.23%
Greg Michalowski
Greg Michalowski
Monday, 30/01/2023 | 19:51 GMT-0
30/01/2023 | 19:51 GMT-0

New highs for the USDCAD. Trades between 100/200 hour MAs

USDCAD

New highs for the USDCAD. Trades between 100/200 hour MAs

  • 200 hour MA at 1.3387
Greg Michalowski
Greg Michalowski
Monday, 30/01/2023 | 19:36 GMT-0
30/01/2023 | 19:36 GMT-0

GBPUSD dips back below the 100/200 hour MAs

GBPUSD

GBPUSD dips back below the 100/200 hour MAs

  • MAs at 1.23716
Greg Michalowski
Greg Michalowski
Monday, 30/01/2023 | 17:24 GMT-0
30/01/2023 | 17:24 GMT-0

USDJPY trades to a new session high

USDJPY

USDJPY trades to a new session high

  • Extends above trend line and moves away from the 100 hour MA
Greg Michalowski
Greg Michalowski
Monday, 30/01/2023 | 17:03 GMT-0
30/01/2023 | 17:03 GMT-0
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Crypto stabilises at cosy height

bitcoin fxpro

Crypto stabilises at cosy height

  • It is worth being prepared that there may be a lack of major moves until the Fed's decision next Wednesday.
FxPro
Friday, 27/01/2023 | 09:11 GMT-0
27/01/2023 | 09:11 GMT-0

UK FTSE 100 closes higher. The other European indices close marginally lower on the day .

UK's FTSE 100

UK FTSE 100 closes higher. The other European indices close marginally lower on the day .

  • The UK FTSE 100 closes just below the 100 day MA
Greg Michalowski
Greg Michalowski
Monday, 30/01/2023 | 16:39 GMT-0
30/01/2023 | 16:39 GMT-0

EURUSD moves toward 200 hour MA

EURUSD

EURUSD moves toward 200 hour MA

  • The 200 hour moving average comes in at 1.0864
Greg Michalowski
Greg Michalowski
Monday, 30/01/2023 | 16:03 GMT-0
30/01/2023 | 16:03 GMT-0

NASDAQ index falls back below its 200 day moving average at 11497.35

NASDAQ

NASDAQ index falls back below its 200 day moving average at 11497.35

  • NASDAQ index is now down over 200 points on the day
Greg Michalowski
Greg Michalowski
Monday, 30/01/2023 | 15:47 GMT-0
30/01/2023 | 15:47 GMT-0

AUDUSD corrects lower from last week's push higher. Stalls the fall ahead of close support

AUDUSD

AUDUSD corrects lower from last week's push higher. Stalls the fall ahead of close support

  • The AUDUSD has close support at the 0.7057-0.7063
Greg Michalowski
Greg Michalowski
Monday, 30/01/2023 | 15:20 GMT-0
30/01/2023 | 15:20 GMT-0

US major indices open lower as markets prepare for earnings/Fed rate hike

S&P

US major indices open lower as markets prepare for earnings/Fed rate hike

  • NASDAQ leading the way to the downside
Greg Michalowski
Greg Michalowski
Monday, 30/01/2023 | 14:39 GMT-0
30/01/2023 | 14:39 GMT-0

USDCHF is participating in the ups and downs today

USDCHF

USDCHF is participating in the ups and downs today

  • Upward sloping trend line, stalled the fall today
Greg Michalowski
Greg Michalowski
Monday, 30/01/2023 | 14:28 GMT-0
30/01/2023 | 14:28 GMT-0
Education
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Bitcoin enters short-term correction

bitcoin

Bitcoin enters short-term correction

  • A break below $22.2K suggests a deeper correction to the $20.5-21.0K area.
FxPro
Wednesday, 25/01/2023 | 10:08 GMT-0
25/01/2023 | 10:08 GMT-0
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