Technical Analysis

More Technical Analysis

CRUDE-OIL-FUTURES Thu 2 Jul

WTI crude oil futures settle at $40.65

Up $0.83 or 2.08% The high for the day reached $40.74. The low price reached $39.46

GBPUSD Thu 2 Jul

GBPUSD looks back toward 100 day MA (and finds support buyers) after the 50% retracement stalls the rally

Pair trades between 50% retracement above and 100  day MA below. The GBPUSD has settled in with resistance up at the 50% of the trading range since June 10. That level comes in at 1.25313. The high price today reached 1.25293.

NASDAQ Thu 2 Jul

Major indices move higher after strong jobs report

Him in the The Dow leads the way today The US stock markets are open and it is a another positive day (at least at the opening). The major indices are all trading up over 1.3%. The Dow industrial average which fell yesterday by -0.3% is a leading the way to the upside with a gain of near 1.7%. The S&P index and NASDAQ index are also trading quite well.   Recall the NASDAQ index closed at a record high level yesterday.

EURUSD Thu 2 Jul

EURUSD continues to hold the 200 hour MA

Dips yesterday and today have found buyers leaning against the MA level. The current retest is once again finding buyers against the level. It will take a move below the moving average level and then the 100 hour moving average at 1.2339 to shift the bias more in the favor of the sellers. Until then the dip buyers remain in play against that moving average level.

USD-HIM-HIM-HIMJPY Thu 2 Jul

USDJPY moves to a new session high

Buyers pushing up the pair. The USDJPY has move to a new session high after the better than expected jobs report and follows the moves of most of the other currency pairs over the last few minutes of trading. 

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DOLLAR Thu 2 Jul

Dollar little changed after strong jobs report

Stocks higher. Rates higher. The dollar is him relatively little changed after the stronger than expected US jobs reports. They were bounce bit by the higher initial claims and continuing claims for the week.  

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FOREX Thu 2 Jul

The NZD is the strongest and the CAD is the weakest as the NA session begins

Jobs day in the US Looking at the ranges and changes, the USDJPY and USDCAD are both trading near unchanged on the day. The NZDUSD is trading at the highs for the day as it trends higher. The AUDUSD is also higher but gains are modest.  The ranges in the major pairs vs the USD and the major crosses are mostly modest and below the 22 day averages (about a month of trading - see red line in the lower chart below).  The market is waiting for the numbers (or so it seems).

EURUSD Thu 2 Jul

Dollar slips further as stocks extend gains

EUR/USD rises to a fresh one-week high The dollar is softening across the board as we see stocks push higher on the session, with the DAX now up by 2% and US futures also posting 1% gains in European morning trade.

EURUSD Thu 2 Jul

EUR/USD tests the high yesterday as dollar keeps weaker to start the session

EUR/USD trades to a session high of 1.1276 The turnaround in the risk mood spurred a reversal in EUR/USD yesterday, having fallen to a low of 1.1185 where near-term support around 1.1191 held before bounding to a high of 1.1275 and then retreating a little.

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NASDAQ Wed 1 Jul

NASDAQ closes at a record high

NASDAQ index rises 0.95% on the day the broader market indices are closing higher. The Dow industrial average over lagged and closed lower. The final numbers are showing:

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GBPUSD Wed 1 Jul

GBPUSD is able to stay above a cluster of support

Lots of support between 1.2461-65 area , there is lots of support at the 1.2461-65 area: As per an earlier  post The last 2 hourly bars have bottomed at 1.2467 and 1.2465 respectively. The price is currently trading back up at 1.24857 after successfully holding support. Going into the new trading day that area remains a key support level. Stay above and the buyers remain in control.

EURUSD Wed 1 Jul

EURUSD retests and bounces off 200 hour MA

Stay above keeps the buyers in control The EURUSD peaked in the US morning session at 1.1278. The price has rotated an up and down fashion to the downside over the last 5 or 6 hours. However the price did find support right at the 200 hour moving average (green line in the chart below) at 1.12424. The price low just reached 1.12426. We currently trade up at 1.1255.

NASDAQ Wed 1 Jul

And new highs once again...

NASDAQ index up 1.29% The index is currently trading at 10184.40. That's up 125.83 points or 1.25%. The high just reached 10191.96. The S&P index is currently up 23.5 points at 3123.78. Its it's high just reached 3127.06.  

8
SP Wed 1 Jul

S&P and NASDAQ trading to new session highs

The bulls continue to march higher

3
GBPUSD Wed 1 Jul

GBPUSD extends, and moves away, from 100 day moving average (and more)

Also above the 38.2% of the move down from the June 10 high. The GBPUSD as extended above - and away from - its 100 day moving average at 1.2464. The price is also moved above its 38.2% retracement of the move down from the June 10 swing high.  That level comes in at 1.24652.

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GOLD Wed 1 Jul

Gold trades below its 200 hour moving average

The precious metal is down $30 from the high The price of gold reached a new high going back to 2012 at $1789.28 (at the London session high).  Since and however the price has plunged $30 from the high to the low (low reached $1759.36).  The price currently trades at $1762.15. 

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EURUSD Wed 1 Jul

Dollar makes a run lower. New session lows vs. a number of major currencies

EURUSD, GBPUSD, USDCHF, AUDUSD and NZDUSD all trading at new extremes. The USD is made a run to the downside with new lows being made vs. the EUR, GBP, CHF, AUD and NZD.

EURUSD Wed 1 Jul

The USDJPY tests 38.2% retracement and bounces

Price doesn't fall below upward sloping trendline and 100 hour moving average in the process The USDJPY is trading lower on the day after a move above its 100 day moving average late yesterday and that the start of the new trading day faded. 


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