Technical Analysis

Technical Analysis

There is no let up in the USDJPY. It is a one-way move for the pair today.

USDJPY

There is no let up in the USDJPY. It is a one-way move for the pair today.

  • Now up nearly 100 pips from the 2022-24 highs
Greg Michalowski
Greg Michalowski
Wednesday, 10/04/2024 | 16:28 GMT-0
10/04/2024 | 16:28 GMT-0

GBPUSD tests key support levels, eyes downside targets

GBPUSD

GBPUSD tests key support levels, eyes downside targets

  • GBPPUSD tests swing lows at 1.25386, potential to test 2024 low at 1.25171
Greg Michalowski
Greg Michalowski
Wednesday, 10/04/2024 | 15:48 GMT-0
10/04/2024 | 15:48 GMT-0

UPDATE: EURUSD continues its run to the downside & trades to new lows.Sellers in control.

EURUSD

UPDATE: EURUSD continues its run to the downside & trades to new lows.Sellers in control.

  • Sellers force their way below the swing area at 1.0795 and 1.0803 and stay below. Key risk level now and going forward.
Greg Michalowski
Greg Michalowski
Wednesday, 10/04/2024 | 15:26 GMT-0
10/04/2024 | 15:26 GMT-0

The US broader indices are lower with both the S&P and Nasdaq below MA levels. What next?

sTOCKS

The US broader indices are lower with both the S&P and Nasdaq below MA levels. What next?

  • What will keep the seller in control in the short term, and what are the next targets that give sellers more control?
Greg Michalowski
Greg Michalowski
Wednesday, 10/04/2024 | 15:01 GMT-0
10/04/2024 | 15:01 GMT-0

USDCHF breaks higher and moves away from 38.2% retracement.

usdchf

USDCHF breaks higher and moves away from 38.2% retracement.

  • The run higher resumes for the USDCHF
Greg Michalowski
Greg Michalowski
Wednesday, 10/04/2024 | 14:18 GMT-0
10/04/2024 | 14:18 GMT-0
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CryptoGo365
Thursday, 08/02/2024 | 13:20 GMT-0
08/02/2024 | 13:20 GMT-0

The Bank of Canada rate decision is ahead. What are the risks/rewards for the USDCAD now?

USDCAD

The Bank of Canada rate decision is ahead. What are the risks/rewards for the USDCAD now?

  • The USDCAD is higher after stronger US CPI data
Greg Michalowski
Greg Michalowski
Wednesday, 10/04/2024 | 13:37 GMT-0
10/04/2024 | 13:37 GMT-0

Kickstart the FX trading day for April 10 w/ a technical look at EURUSD, USDJPY and GBPUSD

FOREX

Kickstart the FX trading day for April 10 w/ a technical look at EURUSD, USDJPY and GBPUSD

  • The USD is higher, yields are higher and stocks are lower after stronger CPI
Greg Michalowski
Greg Michalowski
Wednesday, 10/04/2024 | 13:11 GMT-0
10/04/2024 | 13:11 GMT-0

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

forex

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

  • The USD is mixed to lower ahead of the US CPI data
Greg Michalowski
Greg Michalowski
Wednesday, 10/04/2024 | 12:08 GMT-0
10/04/2024 | 12:08 GMT-0
AUDUSD traders looking for the next shove. The buyers have the tilt after sellers had shot

Nasdaq Composite Technical Analysis

Nasdaq Composite

Nasdaq Composite Technical Analysis

  • The Nasdaq Composite remains rangebound ahead of the US CPI report. What’s next?
FL Contributors
FL Contributors
Wednesday, 10/04/2024 | 12:06 GMT-0
10/04/2024 | 12:06 GMT-0

GBPJPY Technical Analysis

GBPJPY

GBPJPY Technical Analysis

  • The GBPJPY pair bounces near the lower bound of the channel and extends the rally into the 193.00 handle. What’s next?
FL Contributors
FL Contributors
Wednesday, 10/04/2024 | 11:02 GMT-0
10/04/2024 | 11:02 GMT-0

WTI Crude Oil Technical Analysis

WTI Crude Oil

WTI Crude Oil Technical Analysis

  • Crude Oil pulls back to retest the broke upper bound of the rising channel. What’s next?
FL Contributors
FL Contributors
Wednesday, 10/04/2024 | 09:43 GMT-0
10/04/2024 | 09:43 GMT-0
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Memeinator
Thursday, 08/02/2024 | 13:16 GMT-0
08/02/2024 | 13:16 GMT-0

Copper Technical Analysis

copper

Copper Technical Analysis

  • The momentum is copper is waning ahead of the key 4.35 level. What’s next?
FL Contributors
FL Contributors
Wednesday, 10/04/2024 | 08:28 GMT-0
10/04/2024 | 08:28 GMT-0

EURUSD Technical Analysis

EURUSD

EURUSD Technical Analysis

  • The EURUSD pair is trading around key levels ahead of the US CPI release. What’s next?
FL Contributors
FL Contributors
Wednesday, 10/04/2024 | 07:12 GMT-0
10/04/2024 | 07:12 GMT-0

USDCHF Technical Analysis

USDCHF

USDCHF Technical Analysis

  • The USDCHF pair continues to consolidate ahead of the US CPI. What’s next?
FL Contributors
FL Contributors
Wednesday, 10/04/2024 | 05:57 GMT-0
10/04/2024 | 05:57 GMT-0

US stocks ticking back to the downside. Indices down -0.43 to -0.55% now

S&P

US stocks ticking back to the downside. Indices down -0.43 to -0.55% now

  • Selling ahead of US CPI tomorrow
Greg Michalowski
Greg Michalowski
Tuesday, 09/04/2024 | 19:16 GMT-0
09/04/2024 | 19:16 GMT-0

Crude oil settles at $85.23

Crude oil

Crude oil settles at $85.23

  • Price is down $-1.20 or -1.39%
Greg Michalowski
Greg Michalowski
Tuesday, 09/04/2024 | 18:46 GMT-0
09/04/2024 | 18:46 GMT-0

USDCHF returns to 100/200 hour MAs

USDCHF

USDCHF returns to 100/200 hour MAs

  • The 100/200 hour MAs are at 0.90375 and 0.90402.
Greg Michalowski
Greg Michalowski
Tuesday, 09/04/2024 | 18:26 GMT-0
09/04/2024 | 18:26 GMT-0
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FL
Thursday, 08/02/2024 | 09:00 GMT-0
08/02/2024 | 09:00 GMT-0

GBPUSD rotates back to the 100 day MA. Break higher today runs out of juice.

GBPUSD

GBPUSD rotates back to the 100 day MA. Break higher today runs out of juice.

  • GBPUSD 100-day MA is at 1.2665
Greg Michalowski
Greg Michalowski
Tuesday, 09/04/2024 | 17:57 GMT-0
09/04/2024 | 17:57 GMT-0

EURUSD retraces the gains as the pair ping-pongs between retracement levels

EURUSD

EURUSD retraces the gains as the pair ping-pongs between retracement levels

  • The 50% at 1.08522. The 61.8% at 1.08825
Greg Michalowski
Greg Michalowski
Tuesday, 09/04/2024 | 16:30 GMT-0
09/04/2024 | 16:30 GMT-0

UPDATE: USDJPY falls to MA support targets and bounces on the first test

usdjpy

UPDATE: USDJPY falls to MA support targets and bounces on the first test

  • Can the sellers push the USDJPY below the 100/200 hour MAs
Greg Michalowski
Greg Michalowski
Tuesday, 09/04/2024 | 15:26 GMT-0
09/04/2024 | 15:26 GMT-0

Nvidia, a market darling, is down close to 2% and below its 200 hour moving average.

Nvidia

Nvidia, a market darling, is down close to 2% and below its 200 hour moving average.

  • Nvidia below its 200 hour moving average at $883.76.
Greg Michalowski
Greg Michalowski
Tuesday, 09/04/2024 | 14:37 GMT-0
09/04/2024 | 14:37 GMT-0

The NZDUSD and the AUDUSD are both trading higher for the day/week. What next technically?

NZDUSD

The NZDUSD and the AUDUSD are both trading higher for the day/week. What next technically?

  • The USD is moving lower in early US trading.
Greg Michalowski
Greg Michalowski
Tuesday, 09/04/2024 | 14:06 GMT-0
09/04/2024 | 14:06 GMT-0
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