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Technical Analysis

Technical Analysis

A technical look at each of the major currency pairs heading into the new trading week

fOREX

A technical look at each of the major currency pairs heading into the new trading week

  • What levels are in play for the major currency pairs for the week starting July 29
Greg Michalowski
Greg Michalowski
Friday, 26/07/2024 | 20:57 GMT-0
26/07/2024 | 20:57 GMT-0

US stocks move lower as the week moves toward the close

Nasdaq

US stocks move lower as the week moves toward the close

  • Price in the S&P and Nasdaq are below the days midpoints
Greg Michalowski
Greg Michalowski
Friday, 26/07/2024 | 19:14 GMT-0
26/07/2024 | 19:14 GMT-0

Baker Hughes oil rig count +5 to 482.

oil

Baker Hughes oil rig count +5 to 482.

  • The weekly Baker Hughes rig count
Greg Michalowski
Greg Michalowski
Friday, 26/07/2024 | 17:11 GMT-0
26/07/2024 | 17:11 GMT-0
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Friday, 26/07/2024 | 08:39 GMT-0
26/07/2024 | 08:39 GMT-0

USDCHF bounces as flight to safety flows abate. What levels are in play going forward?

USDCHF

USDCHF bounces as flight to safety flows abate. What levels are in play going forward?

  • The USDCHF has strong support at the 50% retracement of the range since the December 2023 low at 0.8777, and strong resistance against the broken 38.2% and 200 day MA at 0.8830.
Greg Michalowski
Greg Michalowski
Friday, 26/07/2024 | 16:52 GMT-0
26/07/2024 | 16:52 GMT-0

USDCAD. Is it a break or is it not? Well a little of both. A technical look at the USDCAD

USDCAD

USDCAD. Is it a break or is it not? Well a little of both. A technical look at the USDCAD

  • In the USDCAD the price moved above the Red Box this week, but it could not run above the April 2024 high.
Greg Michalowski
Greg Michalowski
Friday, 26/07/2024 | 15:08 GMT-0
26/07/2024 | 15:08 GMT-0

AUDUSD is bouncing after exhausting momentum. NZDUSD has a small bounce. Not impressed

AUDUSD

AUDUSD is bouncing after exhausting momentum. NZDUSD has a small bounce. Not impressed

  • A technical look at both the AUDUSD and the NZDUSD
Greg Michalowski
Greg Michalowski
Friday, 26/07/2024 | 14:41 GMT-0
26/07/2024 | 14:41 GMT-0

Kickstart the FX trading day for July 26 w/a technical look at the EURUSD, USDJPY & GBPUSD

FOREX

Kickstart the FX trading day for July 26 w/a technical look at the EURUSD, USDJPY & GBPUSD

  • The EURUSD and the GBPUSD is waffling up and down. The USDJPY moved higher but into resistance.
Greg Michalowski
Greg Michalowski
Friday, 26/07/2024 | 13:20 GMT-0
26/07/2024 | 13:20 GMT-0

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

Forex

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

  • The USD id mixed as markets reverse the flows
Greg Michalowski
Greg Michalowski
Friday, 26/07/2024 | 12:08 GMT-0
26/07/2024 | 12:08 GMT-0
What technical levels are in play for the EURUSD for the week starting July 29

EURUSD keeping the short term bearish bias heading toward the new day.

EURUSD

EURUSD keeping the short term bearish bias heading toward the new day.

  • The price moved above the 100 hour MA but could not back it through the 1.0872
Greg Michalowski
Greg Michalowski
Thursday, 25/07/2024 | 20:05 GMT-0
25/07/2024 | 20:05 GMT-0
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Wednesday, 24/07/2024 | 09:14 GMT-0
24/07/2024 | 09:14 GMT-0

GBPUSD trades to a new low and with it, a cluster of support targets

GBPUSD

GBPUSD trades to a new low and with it, a cluster of support targets

  • There is a bunch of levels in play at 1.2845 to 1.2860
Greg Michalowski
Greg Michalowski
Thursday, 25/07/2024 | 19:52 GMT-0
25/07/2024 | 19:52 GMT-0

USDCAD makes a new 2024 high but just barely. Price backs off. What next?

USDCAD

USDCAD makes a new 2024 high but just barely. Price backs off. What next?

  • The pair slides to swing area support and bounces
Greg Michalowski
Greg Michalowski
Thursday, 25/07/2024 | 18:39 GMT-0
25/07/2024 | 18:39 GMT-0

EURUSD runs into the 100 hour MA and finds sellers

EURUSD

EURUSD runs into the 100 hour MA and finds sellers

  • The 100 hour MA xcomes in at 1.0865. Get above and 1.0872 is needed to give buyers more control and confidence.
Greg Michalowski
Greg Michalowski
Thursday, 25/07/2024 | 16:00 GMT-0
25/07/2024 | 16:00 GMT-0

USDCHF bounces off the 50% of the range since December 2023 low.

USDCHF

USDCHF bounces off the 50% of the range since December 2023 low.

  • There is key upside resistance that is stalling the bounce too. So buyers and sellers are battling.
Greg Michalowski
Greg Michalowski
Thursday, 25/07/2024 | 15:39 GMT-0
25/07/2024 | 15:39 GMT-0

AUDUSD and NZDUSD continue the sharp fall. What are the technicals telling us now?

audusd

AUDUSD and NZDUSD continue the sharp fall. What are the technicals telling us now?

  • AUDUSD tries to bounce. NZDUSD still lags as fundamentals weigh on the pairs.
Greg Michalowski
Greg Michalowski
Thursday, 25/07/2024 | 15:02 GMT-0
25/07/2024 | 15:02 GMT-0

NASDAQ continues plunge, down 1.75%

NASDAQ

NASDAQ continues plunge, down 1.75%

  • Selling persists as NASDAQ falls another 1.75% after -3.6% sharpest drop since Dec. 2022
Greg Michalowski
Greg Michalowski
Thursday, 25/07/2024 | 14:16 GMT-0
25/07/2024 | 14:16 GMT-0
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Ufunded.com
Tuesday, 23/07/2024 | 14:45 GMT-0
23/07/2024 | 14:45 GMT-0

Kickstart the FX trading day for July 25 w/a technical look at the EURUSD, USDJPY & GBPUSD

FOREX

Kickstart the FX trading day for July 25 w/a technical look at the EURUSD, USDJPY & GBPUSD

  • What is driving the major currency pairs after the data dump today and the sharp moves in global stock markets
Greg Michalowski
Greg Michalowski
Thursday, 25/07/2024 | 13:35 GMT-0
25/07/2024 | 13:35 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 mixed with the flight to safety - and out of it - persists.
Greg Michalowski
Greg Michalowski
Thursday, 25/07/2024 | 12:11 GMT-0
25/07/2024 | 12:11 GMT-0

EURUSD Technical Analysis – The risk-off sentiment weighs on the pair

EURUSD

EURUSD Technical Analysis – The risk-off sentiment weighs on the pair

  • The EURUSD pair fell back below the 1.09 handle and extended the drop as the market went into risk-off. What’s next?
Giuseppe Dellamotta
Giuseppe Dellamotta
Thursday, 25/07/2024 | 09:35 GMT-0
25/07/2024 | 09:35 GMT-0

USDJPY Technical Analysis – 152.00 is the mother of all levels

USDJPY

USDJPY Technical Analysis – 152.00 is the mother of all levels

  • The USDJPY pair is now at a very strong support zone around the 152.00 level. What’s next?
Giuseppe Dellamotta
Giuseppe Dellamotta
Thursday, 25/07/2024 | 08:30 GMT-0
25/07/2024 | 08:30 GMT-0

Bitcoin Technical Analysis – We are at a key support

Bitcoin

Bitcoin Technical Analysis – We are at a key support

  • Bitcoin couldn’t break above the key 67275 level and pulled back into a strong support zone. What’s next?
Giuseppe Dellamotta
Giuseppe Dellamotta
Thursday, 25/07/2024 | 07:39 GMT-0
25/07/2024 | 07:39 GMT-0

Nasdaq fills the gap (well almost) and bounces off 38.2% retracement on the first look

Nasdaq

Nasdaq fills the gap (well almost) and bounces off 38.2% retracement on the first look

  • NASDAQ index bounces off 38.2% retracement level, fills gap (roughly) from June 11. Price at 17423, down 3.18%. Reaching 17494.02 crucial for dip buyers.
Greg Michalowski
Greg Michalowski
Wednesday, 24/07/2024 | 19:43 GMT-0
24/07/2024 | 19:43 GMT-0
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Tuesday, 23/07/2024 | 09:27 GMT-0
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