Technical Analysis

Technical Analysis

Mixed result for the major indices today

S&P

Mixed result for the major indices today

  • Nasdaq the laggard. The Dow moves further away from it's 200 day MA
Greg Michalowski
Greg Michalowski
Tuesday, 16/08/2022 | 20:13 GMT-0
16/08/2022 | 20:13 GMT-0

VIDEO: EURJPY finds sellers near the 200 hour MA, 38.2% and trend line resistance.

EURJPY

VIDEO: EURJPY finds sellers near the 200 hour MA, 38.2% and trend line resistance.

  • Tilts the bias more in favor of the sellers
Greg Michalowski
Greg Michalowski
Tuesday, 16/08/2022 | 19:51 GMT-0
16/08/2022 | 19:51 GMT-0

EURGBP retests a lower swing area. Steps lower for the 3rd day in a row.

EURGBP

EURGBP retests a lower swing area. Steps lower for the 3rd day in a row.

  • The 100 hour and 200 day MA stalled the rally at the high today
Greg Michalowski
Greg Michalowski
Tuesday, 16/08/2022 | 18:53 GMT-0
16/08/2022 | 18:53 GMT-0
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Bitcoin is lowering but not yet falling

BTC

Bitcoin is lowering but not yet falling

  • Bitcoin's decline is more appropriately seen as a corrective pullback within an uptrend.
Tuesday, 16/08/2022 | 07:35 GMT-0
16/08/2022 | 07:35 GMT-0

S&P 500 nears the 200-day moving average

SPX 200 dma

S&P 500 nears the 200-day moving average

  • Another day, another bearish start shrugged off
Adam Button
Adam Button
Tuesday, 16/08/2022 | 17:43 GMT-0
16/08/2022 | 17:43 GMT-0

Major US indices remain mixed with the Dow industrial average outperforming

Dow industrial average

Major US indices remain mixed with the Dow industrial average outperforming

  • Dow is up for 5 consecutive days
Greg Michalowski
Greg Michalowski
Tuesday, 16/08/2022 | 16:56 GMT-0
16/08/2022 | 16:56 GMT-0

RBNZ RATE HIKE WATCH: NZDUSD corrects to the 200 hour MA. RBNZ rate decision tomorrow

NZDUSD

RBNZ RATE HIKE WATCH: NZDUSD corrects to the 200 hour MA. RBNZ rate decision tomorrow

  • Decision at 10 PM ET
Greg Michalowski
Greg Michalowski
Tuesday, 16/08/2022 | 16:15 GMT-0
16/08/2022 | 16:15 GMT-0

USDCAD rotates back toward the 200 hour MA

USDCAD

USDCAD rotates back toward the 200 hour MA

  • Retracement of the run higher yesterday
Greg Michalowski
Greg Michalowski
Tuesday, 16/08/2022 | 14:44 GMT-0
16/08/2022 | 14:44 GMT-0

GBPUSD moves to a new high. Extends toward resistance target near 1.2100.

GBPUSD

GBPUSD moves to a new high. Extends toward resistance target near 1.2100.

  • Buyers taking more control.
Greg Michalowski
Greg Michalowski
Tuesday, 16/08/2022 | 14:09 GMT-0
16/08/2022 | 14:09 GMT-0
EURJPY finds sellers near the 200 hour MA, 38.2% and trend line resistance.

USDJPY breaks above the 100/200 hour MAs tilting the bias higher in the short term

USDJPY

USDJPY breaks above the 100/200 hour MAs tilting the bias higher in the short term

  • There is more work to do as the bias shifts in favor of the buyers
Greg Michalowski
Greg Michalowski
Tuesday, 16/08/2022 | 13:27 GMT-0
16/08/2022 | 13:27 GMT-0
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FOMO into Cryptocurrencies is Not Coming Back Anytime Soon

BTC

FOMO into Cryptocurrencies is Not Coming Back Anytime Soon

  • Investors and traders should prepare themselves that the market will stick to an oscillating pattern in the coming months.
Friday, 12/08/2022 | 08:07 GMT-0
12/08/2022 | 08:07 GMT-0

EURUSD moves down to test the high of the lower extreme and finds buyers

eurusd

EURUSD moves down to test the high of the lower extreme and finds buyers

  • What next?
Greg Michalowski
Greg Michalowski
Tuesday, 16/08/2022 | 13:01 GMT-0
16/08/2022 | 13:01 GMT-0

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

Forex

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

  • USD moves higher in early US trading
Greg Michalowski
Greg Michalowski
Tuesday, 16/08/2022 | 12:16 GMT-0
16/08/2022 | 12:16 GMT-0

Major stock indices close higher on the day. Dow closes above 200 day MA

Dow

Major stock indices close higher on the day. Dow closes above 200 day MA

  • Materials and energy
Greg Michalowski
Greg Michalowski
Monday, 15/08/2022 | 20:06 GMT-0
15/08/2022 | 20:06 GMT-0

USDCHF ticks to a new day high. What next?

USDCHF

USDCHF ticks to a new day high. What next?

  • USDCHF moves back above and away from the 100 hour MA
Greg Michalowski
Greg Michalowski
Monday, 15/08/2022 | 19:13 GMT-0
15/08/2022 | 19:13 GMT-0

NZDUSD falls back below 100 hour MA and stay below the MA level

NZDUSD

NZDUSD falls back below 100 hour MA and stay below the MA level

  • Price low tests the high from August 1
Greg Michalowski
Greg Michalowski
Monday, 15/08/2022 | 18:28 GMT-0
15/08/2022 | 18:28 GMT-0

AUDUSD trades between technical levels that just make sense. What do I mean?

AUDUSD

AUDUSD trades between technical levels that just make sense. What do I mean?

  • AUDUSD finds support just ahead of the 200 hour MA and 50% retracement after breaking below the 100 hour MA
Greg Michalowski
Greg Michalowski
Monday, 15/08/2022 | 17:26 GMT-0
15/08/2022 | 17:26 GMT-0
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BTC, ETH dominance warn of cycle change

Bitcoin Technical Analysis

BTC, ETH dominance warn of cycle change

  • BTCUSD, after three weeks of unsuccessful attempts, managed to gain ground above $24K and beyond.
Thursday, 11/08/2022 | 07:42 GMT-0
11/08/2022 | 07:42 GMT-0

Dow Jones industrial average moves above its 200 day moving average

Dow

Dow Jones industrial average moves above its 200 day moving average

  • 200 day moving average comes in at 33897.22
Greg Michalowski
Greg Michalowski
Monday, 15/08/2022 | 16:41 GMT-0
15/08/2022 | 16:41 GMT-0

EURUSD trades to a new session low

EURUSD

EURUSD trades to a new session low

  • Next target at 1.01597 or 50% of move up from July 14
Greg Michalowski
Greg Michalowski
Monday, 15/08/2022 | 16:32 GMT-0
15/08/2022 | 16:32 GMT-0

USDCAD moves down to test the close swing area

USDCHF

USDCAD moves down to test the close swing area

  • Swing areas are controlling the short term after the run higher earlier in the day
Greg Michalowski
Greg Michalowski
Monday, 15/08/2022 | 16:14 GMT-0
15/08/2022 | 16:14 GMT-0

USDCHF chops up and down around MA levels

USDCHF

USDCHF chops up and down around MA levels

  • 200 day MA and 100 hour MA sees price action above and below
Greg Michalowski
Greg Michalowski
Monday, 15/08/2022 | 14:38 GMT-0
15/08/2022 | 14:38 GMT-0

EURUSD below hourly MA. 200 hour MA is now resistance.

EURUSD

EURUSD below hourly MA. 200 hour MA is now resistance.

  • Fall lower today increased the bearish bias
Greg Michalowski
Greg Michalowski
Monday, 15/08/2022 | 14:09 GMT-0
15/08/2022 | 14:09 GMT-0

A technical look at the major currency pairs to start the US trading week

Forex

A technical look at the major currency pairs to start the US trading week

  • USD moves higher
Greg Michalowski
Greg Michalowski
Monday, 15/08/2022 | 13:25 GMT-0
15/08/2022 | 13:25 GMT-0
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Bitcoin seeks support

BTC

Bitcoin seeks support

  • The recovery in stock indices has choked, but also affected Bitcoin and the whole crypto market.
Wednesday, 10/08/2022 | 10:02 GMT-0
10/08/2022 | 10:02 GMT-0
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