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Technical Analysis

Technical Analysis

USDCHF trades to a new high but backs off again on the first test

USDCHF

USDCHF trades to a new high but backs off again on the first test

  • The 0.9152 high from yesterday was broken but the high could only reach 0.91558.
Greg Michalowski
Greg Michalowski
Thursday, 25/04/2024 | 13:57 GMT-0
25/04/2024 | 13:57 GMT-0

Kickstart the FX day for April 25 with a technical look at EURUSD, USDJPY and GBPUSD

Forex

Kickstart the FX day for April 25 with a technical look at EURUSD, USDJPY and GBPUSD

  • The US dollar has moved higher after the US GDP report with lower growth and higher inflation
Greg Michalowski
Greg Michalowski
Thursday, 25/04/2024 | 13:17 GMT-0
25/04/2024 | 13:17 GMT-0

Nasdaq Composite Technical Analysis

Nasdaq Composite

Nasdaq Composite Technical Analysis

  • The Nasdaq Composite finds resistance near some key levels. What’s next?
FL Contributors
FL Contributors
Thursday, 25/04/2024 | 12:07 GMT-0
25/04/2024 | 12:07 GMT-0

The AUD is the strongest and the JPY is the weakest as the North American session begins

forex

The AUD is the strongest and the JPY is the weakest as the North American session begins

  • The USD is mostly lower
Greg Michalowski
Greg Michalowski
Thursday, 25/04/2024 | 12:04 GMT-0
25/04/2024 | 12:04 GMT-0

Dow Jones Technical Analysis

Dow Jones

Dow Jones Technical Analysis

  • The Dow Jones rejects a key resistance level. What’s next?
FL Contributors
FL Contributors
Thursday, 25/04/2024 | 11:01 GMT-0
25/04/2024 | 11:01 GMT-0

GBPUSD Technical Analysis - We are at a cluster of resistance levels

GBPUSD

GBPUSD Technical Analysis - We are at a cluster of resistance levels

  • The GBPUSD pair pulled back into some key resistance levels. What’s next?
FL Contributors
FL Contributors
Thursday, 25/04/2024 | 09:44 GMT-0
25/04/2024 | 09:44 GMT-0
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easymarkets

Crypto in the Spotlight: easyMarkets Q1 2024

  • Q1 2024 saw a surge in trading volumes for easyMarkets for crypto and major market indices
easyMarkets
Thursday, 25/04/2024 | 07:34 GMT-0
25/04/2024 | 07:34 GMT-0

S&P 500 Technical Analysis

S&P 500

S&P 500 Technical Analysis

  • The S&P 500 pulled back into some key resistance levels. What’s next?
FL Contributors
FL Contributors
Thursday, 25/04/2024 | 08:25 GMT-0
25/04/2024 | 08:25 GMT-0

Gold Technical Analysis

Gold

Gold Technical Analysis

  • Gold is consolidating around a key trendline. What’s next?
FL Contributors
FL Contributors
Thursday, 25/04/2024 | 07:11 GMT-0
25/04/2024 | 07:11 GMT-0
NZDUSD holds resistance against 50% retracement this week and rotates lower. What next?

Russell 2000 Technical Analysis

Russell 2000

Russell 2000 Technical Analysis

  • The Russell 2000 pulled back into the key 2020 resistance zone. What’s next?
FL Contributors
FL Contributors
Thursday, 25/04/2024 | 05:57 GMT-0
25/04/2024 | 05:57 GMT-0

GBPUSD ping pongs between technical levels

gbpusd

GBPUSD ping pongs between technical levels

  • The 200-hour MA and high of swing area is support. The 38.2% of April move lower is resistance.
Greg Michalowski
Greg Michalowski
Wednesday, 24/04/2024 | 18:43 GMT-0
24/04/2024 | 18:43 GMT-0

S&P index gives up gains. Down on the day.

S&P

S&P index gives up gains. Down on the day.

  • Critical level at 5056 must hold for a potential upside reversal
Greg Michalowski
Greg Michalowski
Wednesday, 24/04/2024 | 15:40 GMT-0
24/04/2024 | 15:40 GMT-0

Higher Australian CPI sent the AUDUSD higher, but the 200-day MA stalled the rally.

audusd

Higher Australian CPI sent the AUDUSD higher, but the 200-day MA stalled the rally.

  • Swing area between 0.6476 to 0.6486 is now support. The 100-hour MA and 50% of the April range is between 200 -day MA above, and swing area below at 0.65028.
Greg Michalowski
Greg Michalowski
Wednesday, 24/04/2024 | 15:19 GMT-0
24/04/2024 | 15:19 GMT-0
Sponsored

FBS Financial Market Analysts Forecast Gold Prices to Rise to $2,800

FBS

FBS Financial Market Analysts Forecast Gold Prices to Rise to $2,800

  • Inflationary pressures make gold more attractive as a hedge against currency devaluation.
FBS
Wednesday, 24/04/2024 | 11:29 GMT-0
24/04/2024 | 11:29 GMT-0

USDJPY climbs above 155.00 again as buyers remain in control

USDJPY

USDJPY climbs above 155.00 again as buyers remain in control

  • Sellers struggle as buyers dominate, holding support near 100-hour MA
Greg Michalowski
Greg Michalowski
Wednesday, 24/04/2024 | 14:56 GMT-0
24/04/2024 | 14:56 GMT-0

USDCHF buyers try to keep the short term bias in their favor.

usdchf

USDCHF buyers try to keep the short term bias in their favor.

  • Staying above the 100/200 hour MAs will be a short term barometer for traders today.
Greg Michalowski
Greg Michalowski
Wednesday, 24/04/2024 | 14:24 GMT-0
24/04/2024 | 14:24 GMT-0

USDCAD moves higher helped by fundamental data/technical bounce.

usdcad

USDCAD moves higher helped by fundamental data/technical bounce.

  • The price of the USDCAD found support at a key swing area and was then helped by weaker Canada data/strong US data.
Greg Michalowski
Greg Michalowski
Wednesday, 24/04/2024 | 13:37 GMT-0
24/04/2024 | 13:37 GMT-0

Kickstart your FX trading for April 24 with a technical look at EURUSD, USDJPY and GBPUSD

Forex

Kickstart your FX trading for April 24 with a technical look at EURUSD, USDJPY and GBPUSD

  • The USDJPY moves above 155.00 but backs off. Still above the 100 hour MA.
Greg Michalowski
Greg Michalowski
Wednesday, 24/04/2024 | 13:12 GMT-0
24/04/2024 | 13:12 GMT-0

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

forex

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

  • The USD is tilting modestly to the upside
Greg Michalowski
Greg Michalowski
Wednesday, 24/04/2024 | 12:13 GMT-0
24/04/2024 | 12:13 GMT-0

WTI Crude Oil Technical Analysis

WTI Crude Oil

WTI Crude Oil Technical Analysis

  • Crude Oil fell below the key $83 zone as the geopolitical risk faded. What’s next?
FL Contributors
FL Contributors
Wednesday, 24/04/2024 | 12:04 GMT-0
24/04/2024 | 12:04 GMT-0
Sponsored

Market Psychology in Bitcoin Trading: Understanding Emotions and Trends

BTC

Market Psychology in Bitcoin Trading: Understanding Emotions and Trends

  • Excessive emotions and failure to leverage trends can undermine your experience and profitability as a Bitcoin trader.
Animus Webs
Thursday, 04/04/2024 | 08:19 GMT-0
04/04/2024 | 08:19 GMT-0

GBPJPY Technical Analysis

GBPJPY

GBPJPY Technical Analysis

  • The GBPJPY pair got stuck in a range. What’s next?
FL Contributors
FL Contributors
Wednesday, 24/04/2024 | 10:52 GMT-0
24/04/2024 | 10:52 GMT-0

Nasdaq Composite Technical Analysis

Nasdaq Composite

Nasdaq Composite Technical Analysis

  • The Nasdaq Composite extends the rally following weaker US PMIs. What’s next?
FL Contributors
FL Contributors
Wednesday, 24/04/2024 | 09:45 GMT-0
24/04/2024 | 09:45 GMT-0

Copper Technical Analysis

copper

Copper Technical Analysis

  • Copper broke out into a new cycle high. What’s next?
FL Contributors
FL Contributors
Wednesday, 24/04/2024 | 08:22 GMT-0
24/04/2024 | 08:22 GMT-0

EURUSD Technical Analysis

EURUSD

EURUSD Technical Analysis

  • The EURUSD pair reached the key 1.07 resistance zone. What’s next?
FL Contributors
FL Contributors
Wednesday, 24/04/2024 | 07:10 GMT-0
24/04/2024 | 07:10 GMT-0
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