GBPUSD technical recap as 1 hour candle closes
Deeper pullback Well, that is my mind made up. The close of the 1 hour candlestick off the 50 EMA (Yellow line) and a dithery looking body leaves me waiting… Read more »
Tag: hour
USDCAD dips back below the 100 hour MA
Not ready to move above the 200 hour MA The USDCAD is trading in a 49 pip range today (thanks to a dip to new lows in the NY session)…. Read more »
AUDUSD moves back above 100 day MA after 200 hour MA stalls the fall
Break lower ran out of steam The AUDUSD fell in the London session and in the process cracked back below the 100 day MA and for a brief moment at… Read more »
NZDUSD corrects up to 200 hour MA/200 day MA. Sellers should lean.
200 hour MA at 0.67815 and 0.67875 The NZD is the weakest of the majors today but we are seeing a correction higher in the early NA session. The price… Read more »
USDCHF tests 100 hour MA/38.2% retracement
Retrace part of the run higher Last Thursday, the CHF was the weakest currency on the day. There was chatter of some intervention by the SNB. The price trended to… Read more »
USDJPY backs off after testing 200/100 hour MAs
Price extends higher but MAs do the job at stalling the rise The USDJPY extended higher but did find sellers leaning against the 200 and 100 hour MAs (green and… Read more »
USDCAD moves toward the low for the day/100 hour MA
The 100 hour MA was broken but with caution The USDCAD moved above the 100 hour MA (blue line on chart below) on Friday and stayed above. Today that range… Read more »
EURUSD trades between the 100 and 200 hour MA
Also below the 100 day MA for most of the day The EURUSD is trading little changed on the day (closed at 1.1462) in a narrow trading range (32 pips)…. Read more »
Baker Hughes rig count due at the top of the hour
Crude oil is traded down -$0.86 or -1.71% today at $51.69 The weekly Baker Hughes rig count data will be released at the top of the hour Last week, the… Read more »
USDJPY chops a little lower/away from 100 and 200 hour MAs
Trades at new session low The USDJPY only has a 33 pip trading range today which is low relatively. The pair is trading lower and in the process extended the… Read more »