Technical Analysis

Technical Analysis

USDCAD bounces higher today but only to the 50% midpoint of the 2-month trading range

USDCAD bounces higher today but only to the 50% midpoint of the 2-month trading range

  • The 50% midpoint of the trading range since Mid-April comes in at 1.37173
Greg Michalowski
Friday, 21/06/2024 | 16:45 GMT-0
21/06/2024 | 16:45 GMT-0

GBPJPY tests the highs from last week after dip today bounced off MA support

GBPJPY tests the highs from last week after dip today bounced off MA support

  • The 200 hour MA in the GBPJPY tested the 200 hour MA and bounced
Greg Michalowski
Friday, 21/06/2024 | 15:24 GMT-0
21/06/2024 | 15:24 GMT-0

AUDUSD moves lower and tests converged 100/200 bar MAs on 4-hour chart at 0.6638

AUDUSD moves lower and tests converged 100/200 bar MAs on 4-hour chart at 0.6638

  • The 100/200 bar MA on the 4-hour chart is in the middle of the trading range confining the pair over the last 6-7 weeks. Key level today and going forward for the pair.
Greg Michalowski
Friday, 21/06/2024 | 14:44 GMT-0
21/06/2024 | 14:44 GMT-0
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Thursday, 20/06/2024 | 10:03 GMT-0
20/06/2024 | 10:03 GMT-0

USDJPY moves back above 159.000 after the stronger S&P global PMI data

USDJPY moves back above 159.000 after the stronger S&P global PMI data

  • The 2024 high at 160.208 and the 1990 high at 160.40 remain as she targets
Greg Michalowski
Friday, 21/06/2024 | 13:51 GMT-0
21/06/2024 | 13:51 GMT-0

USDCHF tests the highs for the week after the sharp rebound after the SNB rate cut

USDCHF tests the highs for the week after the sharp rebound after the SNB rate cut

  • The SNB cut rates yesterday which weakened the CHF (higher USDCHF). The pair is approaching 100 bar moving averages on the 4-hour chart and daily chart at 0.8938 and 0.8965 respectively
Greg Michalowski
Friday, 21/06/2024 | 13:38 GMT-0
21/06/2024 | 13:38 GMT-0

Kickstart the FX trading day for June 21 w/a technical look at the EURUSD, USDJPY & GBPUSD

Kickstart the FX trading day for June 21 w/a technical look at the EURUSD, USDJPY & GBPUSD

  • What is driving the major currency pair - the EURUSD, USDJPY and GBPUSD - and why from a technical perspective is discussed in the kickstart video for June 21, 2024
Greg Michalowski
Friday, 21/06/2024 | 13:13 GMT-0
21/06/2024 | 13:13 GMT-0

The NZD is the strongest and the GBP is the weakest as the NA sesson begins

The NZD is the strongest and the GBP is the weakest as the NA sesson begins

  • The USD is mixed
Greg Michalowski
Friday, 21/06/2024 | 12:10 GMT-0
21/06/2024 | 12:10 GMT-0

Seller in the GBPUSD are making a play

Seller in the GBPUSD are making a play

  • GBPUSD falls as Bank of England hints at potential rate cuts in the future. Sellers dominate below key levels, eyeing further downside towards 100-day MA at 1.26386.
Greg Michalowski
Thursday, 20/06/2024 | 19:20 GMT-0
20/06/2024 | 19:20 GMT-0
USDCAD bounces higher today but only to the 50% midpoint of the 2-month trading range

Oh no. S&P and Nasdaq slide to new lows.

Oh no. S&P and Nasdaq slide to new lows.

  • Nvidia, Apple and Microsoft now all down on the day.
Greg Michalowski
Thursday, 20/06/2024 | 16:46 GMT-0
20/06/2024 | 16:46 GMT-0
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Monday, 17/06/2024 | 07:31 GMT-0
17/06/2024 | 07:31 GMT-0

USDJPY hits new session high as buyers maintain control

USDJPY hits new session high as buyers maintain control

  • USDJPY continues upward trend, setting new highs driven by buyer confidence. Sellers struggle to take control below key moving averages.
Greg Michalowski
Thursday, 20/06/2024 | 16:29 GMT-0
20/06/2024 | 16:29 GMT-0

AUDUSD remains within the up and down value area

AUDUSD remains within the up and down value area

  • This week the AUDUSD has traded against lower swing area and higher swing area.
Greg Michalowski
Thursday, 20/06/2024 | 15:38 GMT-0
20/06/2024 | 15:38 GMT-0

USDCAD falls to a new low for week & tests 200 bar MA on 4-hour chart/38.2% retracement

USDCAD falls to a new low for week & tests 200 bar MA on 4-hour chart/38.2% retracement

  • The two technical levels come in at 1.3687
Greg Michalowski
Thursday, 20/06/2024 | 14:56 GMT-0
20/06/2024 | 14:56 GMT-0

USDCHF pushes higher after SNB rate cut. Technically, price is back above key levels.

USDCHF pushes higher after SNB rate cut. Technically, price is back above key levels.

  • The USDCHF is back above the broken 38.2% at 0.8883 and the 200 day MA at 0.88958.
Greg Michalowski
Thursday, 20/06/2024 | 14:08 GMT-0
20/06/2024 | 14:08 GMT-0

Kickstart the FX trading day for June 20 w/a technical look at the EURUSD, USDJPY & GBPUSD

Kickstart the FX trading day for June 20 w/a technical look at the EURUSD, USDJPY & GBPUSD

  • The USDJPY is breaking higher. The EURUSD and GBPUSD sellers are more in control
Greg Michalowski
Thursday, 20/06/2024 | 13:31 GMT-0
20/06/2024 | 13:31 GMT-0

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

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

  • The US is mostly stronger to start the trading day
Greg Michalowski
Thursday, 20/06/2024 | 12:14 GMT-0
20/06/2024 | 12:14 GMT-0
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Thursday, 13/06/2024 | 13:19 GMT-0
13/06/2024 | 13:19 GMT-0

NZDUSD Technical Analysis – The positive sentiment lifts the Kiwi

NZDUSD Technical Analysis – The positive sentiment lifts the Kiwi

  • The NZDUSD pair has been gradually rising from the lows set last week as the risk sentiment has been slowly improving this week. What’s next?
Giuseppe Dellamotta
Thursday, 20/06/2024 | 10:15 GMT-0
20/06/2024 | 10:15 GMT-0

GBPUSD Technical Analysis – A look at the chart ahead of the BoE

GBPUSD Technical Analysis – A look at the chart ahead of the BoE

  • The GBPUSD pair has been consolidating around a key level with a bullish tilt amid an improvement in risk sentiment. What’s next?
Giuseppe Dellamotta
Thursday, 20/06/2024 | 09:25 GMT-0
20/06/2024 | 09:25 GMT-0

USDCHF Technical Analysis – The CHF weakens on the SNB cut

USDCHF Technical Analysis – The CHF weakens on the SNB cut

  • The USDCHF pair erased yesterday’s losses as the SNB cut interest rates by 25 bps. What’s next?
Giuseppe Dellamotta
Thursday, 20/06/2024 | 08:18 GMT-0
20/06/2024 | 08:18 GMT-0

Gold Technical Analysis – The bullish momentum is picking up

Gold Technical Analysis – The bullish momentum is picking up

  • Gold has been ranging near a key level but continues to maintain a bullish bias. What’s next?
Giuseppe Dellamotta
Thursday, 20/06/2024 | 07:26 GMT-0
20/06/2024 | 07:26 GMT-0

NVDA STOCK price forecast

NVDA STOCK price forecast

  • Long term, I see NVDA reaching 200 USD but in the shorter term, there is this upcoming resistance... identified between $142.50 and $151.50. Always trade at your own risk.
Itai Levitan
Wednesday, 19/06/2024 | 14:49 GMT-0
19/06/2024 | 14:49 GMT-0

Copper Technical Analysis

Copper Technical Analysis

  • Copper is bouncing on a key level. What’s next?
Giuseppe Dellamotta
Wednesday, 19/06/2024 | 11:26 GMT-0
19/06/2024 | 11:26 GMT-0
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Thursday, 13/06/2024 | 11:21 GMT-0
13/06/2024 | 11:21 GMT-0
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