Reserve Bank of Australia Statement on Monetary Policy (SoMP) I posted a preview earlier: JPM recommended selling some AUD to taker profit on longs ahead of the announcement: But AUD… Read more »
Ping ponging between MAs The USDCHF is down testing the 100 hour MA (well now ticking below it) at 0.91376. Earlier in the day, the price stalled just ahead of… Read more »
CHFJPY 1 hour chart formation CHF/JPY OANDA:CHFJPY Generation_Forex Trade the breakout when the 1 hour candle breaks out the zone and closes out of the zone. Read more here
The low today could not fall below the 38.2% retracement The GBPUSD bottomed in the NY session just above the 38.2% at 1.2509. In an earlier post, I outlined how… Read more »
Breaking back above swing area…. The AUDUSD corrected lower into the London morning session. However, after reaching the 100 hour moving average (blue line currently at 0.69734), the price bounced as buyers leaned against the… Read more »
Breaks outside of its channel The AUDUSD is also saying more selling as risk off trades are pressuring the pair. The price high today stalled against a topside channel trendline. The fall has… Read more »
Earlier run lower found support at the 61.8% retracement The EURUSD has moved down and up and back down (marginally) in trading today. The initial moved to the downside was able to… Read more »
Buyers taking back some control As US stocks show some upside life – well the Nasdaq – the AUDUSD is seeing some upside life too. Technically, the price moved lower… Read more »
Stay above is bullish The USDCAD is pushing back above its 200 hour MA at 1.3578. It is also above the 38.2% of the move down from the June 26… Read more »
100 hour MA broken at 1.1297 The EURUSD started the New York session testing swing high levels between 1.13449 and 1.13527 (see earlier post outlining key area). The tumbled stocks have… Read more »