Technical Analysis

Bitcoin technical analysis. Bitcoin tests intraday 200 bar MA

A move below is a bearish clue The price of bitcoin has moved from a high of $17,027 to a low of $15,823. At the low the cryptocurrency tested the 200 bar MA (green line), and is finding some support buyers. We are retesting the 100 bar MA at $16,320.35 currently (blue line).  

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SP Thu 7 Dec

US major indices ending the session with gains across the board

Off highs but still ok gains The major stock indices are ending off the highest levels (the Dow was up 120 points at the highs) but still end with ok gains.

GBPJPY Thu 7 Dec

Forex technical analysis: GBPJPY's floor yesterday, is the ceiling today

Head and shoulders too The GBPJPY yesterday fell through a floor at the 150.54 level and extended that fall through the 50% retracement of the move up from November 28th low (at 149.956). Selling dried up and the price has wandered higher.


Japan markets rebound today.

Japan's Topix and Nikkei  both up over 1% The Japan major indices are off to a good start at the morning close. In other markets at the Japan morning close:


Forex technical analysis: USDJPY moves toward 100 hour MA target/test

Back to where the market broke yesterday The USDJPY is moving toward the 100 hour MA.  Recall from yesterday's trading, in the Asia-Pacific session, the pair fell below the 100 hour moving average, retested it, and then proceeded toward support against the 50% retracement at 111.959 and the 200 hour moving average at 111.97.  The low reached 111.984.  

USDJPY Thu 7 Dec

Saudi Arabia: US decision is unjustified and irresponsible

Saudi Arabia weighs in on Trump decision to move embassy to Jerusalem and recognizing Jerusalem as a capital of Israel They say:


Bitcoin breaks $13,000 as the frenzy continues

Where does it stop? Bitcoin is up another 11% today and has topped $13,000 for the first time. The frenzy is a full-scale mania at the moment. So long as prices continue to rise, Bitcoin will continue to attract buyers. The story has divorced itself from anything other than a momentum play but it's a truly incredible one.

CADJPY Wed 6 Dec

CAD/JPY takes a tumble. What's next

CAD/JPY down more than 1% The yen is the best performer today and the Canadian dollar the laggard. The pair is an interesting technical study. Earlier this week, the 55-day moving average capped intraday gains while the pair failed to close above the 100-day moving average on a closing basis.

USDCAD Wed 6 Dec

USD/CAD climbs above 1.28

USD/CAD gets a double boost from oil and BOC USD/CAD continues to recover from Friday's jobs-fueled rout. The pair has risen above 1.2800 and the 61.8% retracement of last week's tumble. That's a positive signal looking ahead as the pair reestablishes the 1.2650 to 1.2900 range.

USDCAD Wed 6 Dec

USD/CAD jumps after Bank of Canada preaches caution on interest rates

Canadian dollar drops on the headlines The market feared a hawkish shift from the Bank of Canada after last week's strong jobs report but it didn't come. Instead, the Bank of Canada said "the current stance of monetary policy remains appropriate" but that policymakers will "continue to be cautious" as they assess how the economy has coped with recent rate hikes.

EURUSD Wed 6 Dec

Euro dips below 1.1800 in fresh test of 100-dma

EUR/USD at the lows of the day The euro bounced off 1.1800 yesterday and eventually climbed to 1.1840. A fresh test today broke the 1.1800 barrier to 1.1796, which is the 100-day moving average (and the 21-dma).

NZDUSD Wed 6 Dec

Forex technical analysis: NZDUSD runs higher, but stalls at trend line resistance

At least it broke away from the 200 hour MA The NZDUSD spent 9 hours trading above and below the 200 hour MA and the 50% retracement. The 10th hourly bar trader below both.  The price must be going lower, right?. There is a change and it is to the downside.  

EURUSD Wed 6 Dec

EURUSD makes a break to the upside

Quick 20 pip move to to the upside The EURUSD has made a quick move to the upside over the last few minutes. Looking at the 5-minute chart below , the 200 bar MA moved down to catch up with the price. The price moved above and the price has seen a momentum move.  


Bitcoin extends above $12,000. What next?

Reaches a high or $12,224.13 (so far)... The price of bitcoin has cracked the $12,000 level (for the first time) and extended up to a high of $12,224.13 - so far at least.

GBPJPY Wed 6 Dec

Forex technical analysis: GBPJPY toys with going higher but keeps failing

Stay below 151.818 The GBPJPY was cited at Barclays as the trade of the week (). They cite Brexit for the potential weakness. How does it look technically?

USDJPY Wed 6 Dec

Forex technical analysis: USDJPY falls below 100 hour MA

Can it stay below... The USDJPY tested the 100 hour MA yesterday, and found buyers against the level.  The price moved back up by about 46 pips, reversed and fell back down.  

AUDUSD Tue 5 Dec

AUDUSD back toward the midpoint of the recent range

Also just above the hourly MA A day ago the AUDUSD moved higher on the back of better retail sales.  That helped to push the pair to the highest level since November 13th. 

GBPUSD Tue 5 Dec

Forex technical analysis: GBPUSD tests 200 hour MA

"Cabinet revolt" on Brexit as per The Telegraph The GBPUSD has been moving lower in the first few hours of the Asian Pacific session. There is an article in "The Telegraph" titled "".  That may be contributing to the softness in the currency.

FOREX Tue 5 Dec

The winners and losers in the forex market on December 5th

The NZD is the strongest. The EUR is the weakest. As December 5th is put in the record books, and the NZD is the strongest, while the EUR is the weakest.  The USD is ending with modest gains against most of the major pairs but is lower vs the NZD and the AUD as commodities (like gold and silver) fell on the day.


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