Technical Analysis

Technical Analysis

USDCAD extends to a new session high and above 1.2900

USDCAD

USDCAD extends to a new session high and above 1.2900

  • Looks toward the high for the month at 1.2913
Greg Michalowski
Greg Michalowski
Friday, 06/05/2022 | 18:32 GMT-0
06/05/2022 | 18:32 GMT-0

AUDUSD and NZDUSD stay below hourly MA levels at session highs today. Sellers are winning.

AUDUSD

AUDUSD and NZDUSD stay below hourly MA levels at session highs today. Sellers are winning.

  • Keeps the bears in control with the price below the MA levels
Greg Michalowski
Greg Michalowski
Friday, 06/05/2022 | 16:50 GMT-0
06/05/2022 | 16:50 GMT-0

Bitcoin's 5% jump is a bullish confidence signal

BTC

Bitcoin's 5% jump is a bullish confidence signal

  • This is not the first such jump in BTC since the beginning of March.
FxPro FXPro
FxPro FXPro
Tuesday, 22/03/2022 | 08:50 GMT-0
22/03/2022 | 08:50 GMT-0

UK 20 year gilt yield trades to a new cycle high and highest since May 2016

Gilt yield

UK 20 year gilt yield trades to a new cycle high and highest since May 2016

  • Yield reaches 2.255%
Greg Michalowski
Greg Michalowski
Friday, 06/05/2022 | 15:55 GMT-0
06/05/2022 | 15:55 GMT-0

USDCHF stalls near yesterday's high and below the 0.9900 upside target

USDCHF

USDCHF stalls near yesterday's high and below the 0.9900 upside target

  • The highs this week reached 0.9887 and 0.9889
Greg Michalowski
Greg Michalowski
Friday, 06/05/2022 | 15:33 GMT-0
06/05/2022 | 15:33 GMT-0

USDCAD tests the Tuesday highs. Finds sellers.

USDCAD

USDCAD tests the Tuesday highs. Finds sellers.

  • The high for the week is being protected by the lower highs currently
Greg Michalowski
Greg Michalowski
Friday, 06/05/2022 | 14:48 GMT-0
06/05/2022 | 14:48 GMT-0

USDJPY consolidates as traders await Fed speak

USDJPY

USDJPY consolidates as traders await Fed speak

  • Up and down price action (but higher on the day and above the 100 hour MA)
Greg Michalowski
Greg Michalowski
Friday, 06/05/2022 | 14:13 GMT-0
06/05/2022 | 14:13 GMT-0

GBPUSD trades to another new cycle low (and lowest level since June 2020)

GBPUSD

GBPUSD trades to another new cycle low (and lowest level since June 2020)

  • GBPUSD falls to 1.2277 but is bouncing higher
Greg Michalowski
Greg Michalowski
Friday, 06/05/2022 | 13:31 GMT-0
06/05/2022 | 13:31 GMT-0

EURUSD dips after US jobs report

EURUSD

EURUSD dips after US jobs report

  • EURUSD falls back toward the 200 hour moving average
Greg Michalowski
Greg Michalowski
Friday, 06/05/2022 | 13:08 GMT-0
06/05/2022 | 13:08 GMT-0
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Bitcoin: Local Positive, but Potentially Sideways for the Year

BTC

Bitcoin: Local Positive, but Potentially Sideways for the Year

  • Bitcoin has continued to trade in a sideways range of $38-45K for the second month.
FxPro FXPro
FxPro FXPro
Monday, 21/03/2022 | 08:49 GMT-0
21/03/2022 | 08:49 GMT-0

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

Forex

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

  • The USD is marginally stronger as trader await the key jobs report at 8:30 AM ET
Greg Michalowski
Greg Michalowski
Friday, 06/05/2022 | 12:15 GMT-0
06/05/2022 | 12:15 GMT-0

So much for the breakout: Oil reverses below $109

oil

So much for the breakout: Oil reverses below $109

  • The bears finally crack crude
Adam Button
Adam Button
Thursday, 05/05/2022 | 19:40 GMT-0
05/05/2022 | 19:40 GMT-0

Nasdaq trades to a new 2022 low

Nasdaq

Nasdaq trades to a new 2022 low

  • Takes out the low from Monday's trading
Greg Michalowski
Greg Michalowski
Thursday, 05/05/2022 | 19:34 GMT-0
05/05/2022 | 19:34 GMT-0

Crude oil settles at $108.26

Crude oil

Crude oil settles at $108.26

  • Up $0.45 or 0.42%
Greg Michalowski
Greg Michalowski
Thursday, 05/05/2022 | 18:55 GMT-0
05/05/2022 | 18:55 GMT-0

UPDATE EURUSD: Finds support and defines the short term range

EURUSD

UPDATE EURUSD: Finds support and defines the short term range

  • The low bottoms near a swing area this week and ahead of the low extreme for the year
Greg Michalowski
Greg Michalowski
Thursday, 05/05/2022 | 18:32 GMT-0
05/05/2022 | 18:32 GMT-0

USDCAD retraces the declines from yesterday

USDCAD

USDCAD retraces the declines from yesterday

  • USDCAD moves into a swing area between 1.2846 to 1.2857
Greg Michalowski
Greg Michalowski
Thursday, 05/05/2022 | 16:27 GMT-0
05/05/2022 | 16:27 GMT-0

Bitcoin Whale Activity Has Fallen to the Lowest

Bitcoin

Bitcoin Whale Activity Has Fallen to the Lowest

  • Galaxy Digital CEO Mike Novogratz, known for his bullish predictions, has unveiled a new one that sees BTC hit $500,000 in 2025.
FxPro FXPro
FxPro FXPro
Friday, 18/03/2022 | 08:38 GMT-0
18/03/2022 | 08:38 GMT-0

European yields move back higher after erasing large decline. Follow US markets

Forex

European yields move back higher after erasing large decline. Follow US markets

  • Europe markets influenced by the US tumbles in bond and stock prices
Greg Michalowski
Greg Michalowski
Thursday, 05/05/2022 | 16:08 GMT-0
05/05/2022 | 16:08 GMT-0

NZDUSD moves toward the lows for the week/year

NZDUSD

NZDUSD moves toward the lows for the week/year

  • Lows from Monday and Tuesday bottomed at 0.6410
Greg Michalowski
Greg Michalowski
Thursday, 05/05/2022 | 15:36 GMT-0
05/05/2022 | 15:36 GMT-0

EURUSD cracks back below 100 hour MA

EURUSD

EURUSD cracks back below 100 hour MA

  • Support gives way at the 100 hour MA at 1.05407
Greg Michalowski
Greg Michalowski
Thursday, 05/05/2022 | 15:12 GMT-0
05/05/2022 | 15:12 GMT-0

USDCHF retraces its full tumble lower yesterday.

USDCHF

USDCHF retraces its full tumble lower yesterday.

  • Trades at the highest level since since March 2020
Greg Michalowski
Greg Michalowski
Thursday, 05/05/2022 | 14:45 GMT-0
05/05/2022 | 14:45 GMT-0

AUDUSD retraces back toward its hourly moving averages

AUDUSD

AUDUSD retraces back toward its hourly moving averages

  • "Risk off" after the "risk on" rally yesterday stalled near the 100 day MA
Greg Michalowski
Greg Michalowski
Thursday, 05/05/2022 | 14:24 GMT-0
05/05/2022 | 14:24 GMT-0

USDJPY moves back toward the highs for the week

USDJPY

USDJPY moves back toward the highs for the week

  • Also back above its 100 hour moving average
Greg Michalowski
Greg Michalowski
Thursday, 05/05/2022 | 14:06 GMT-0
05/05/2022 | 14:06 GMT-0

Instagram NFT: Will Meta Conquer the Crypto Market?

BTC

Instagram NFT: Will Meta Conquer the Crypto Market?

  • Despite the positive dynamics in recent days, Bitcoin has been trading in a sideways range.
FxPro FXPro
FxPro FXPro
Thursday, 17/03/2022 | 09:19 GMT-0
17/03/2022 | 09:19 GMT-0

Further crude oil gains add to the case for a breakout

oil

Further crude oil gains add to the case for a breakout

  • WTI crude up $3 on the day
Adam Button
Adam Button
Thursday, 05/05/2022 | 13:33 GMT-0
05/05/2022 | 13:33 GMT-0
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