Yesterday was the sixth consecutive bull candlestick for after the reversal up from below the bottom of the year long trading range. Six consecutive bull bars is sustained buying. It increases… Read more »
100 hour moving average at 0.92311 The USDCHF moved to the lowest level since September 16 on the hourly chart. That move took out last week’s low at 0.91938 in the… Read more »
High price from last week at 1.16238 eyed by traders The EURUSD is traded to a new session high at 1.16213. That has the price just below the high price from… Read more »
200 hour MA stalls the fall today The EURUSD is back up and trading to a new day high in early US trading. The move higher only came after an… Read more »
The USD/NOK has resumed its bearish momentum in early trading this morning, and is now challenging crucial technical support last tested in late June. Advertisement Technical traders will need to… Read more »
The failure above the 50% turned buyers to sellers. Late on Friday, I outlined the key levels for the GBPUSD to eye going into the new week. I wrote: “The… Read more »
A lesson in what happens when something can’t go down Bitcoin is up $3200, or 6%, since Friday and has broken above $57,000 for the first time since May. On… Read more »
A break would have traders looking toward the low for the year at 0.84496 As the GBPUSD has moved higher in the US morning session and extended a narrow 48 pip… Read more »
Or more consolidation? has been trading sideways for a few months now, with support around 128 and resistance 130.50. While there’s nothing to suggest the pair will break out in… Read more »
Buyers into the London close keep the hopes for a rebound in play The GBPUSD moved above the 100 hour MA earlier in the US session and after some up… Read more »