Technical Analysis

Technical Analysis

NZDUSD runs higher as risk on flows send the pair higher. Lower yields. Higher stocks.

NZDUSD

NZDUSD runs higher as risk on flows send the pair higher. Lower yields. Higher stocks.

  • Lower Yields + Higher stocks = Buy NZDUSD
Greg Michalowski
Greg Michalowski
Wednesday, 15/05/2024 | 19:40 GMT-0
15/05/2024 | 19:40 GMT-0

All three major US indices on pace for record closing levels

10 year yield

All three major US indices on pace for record closing levels

  • Dow above all-time high close at 39807.38 now. S&P and Nasdaq closed at record levels yesterday.
Greg Michalowski
Greg Michalowski
Wednesday, 15/05/2024 | 18:33 GMT-0
15/05/2024 | 18:33 GMT-0

Update technical look at the EURUSD as the price stretches to new session highs

EURUSD

Update technical look at the EURUSD as the price stretches to new session highs

  • What next for the EURUSD? Approaches the next swing area between 1.0875 and 1.0887
Greg Michalowski
Greg Michalowski
Wednesday, 15/05/2024 | 17:05 GMT-0
15/05/2024 | 17:05 GMT-0
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Wednesday, 15/05/2024 | 07:50 GMT-0
15/05/2024 | 07:50 GMT-0

The USDCHF is trading above and below the 38.2% @0.90347. Key barometer for buyers/sellers

USDCHF

The USDCHF is trading above and below the 38.2% @0.90347. Key barometer for buyers/sellers

  • A floor is also key target in the USDCHF at 0.8997 and 0.9005
Greg Michalowski
Greg Michalowski
Wednesday, 15/05/2024 | 16:06 GMT-0
15/05/2024 | 16:06 GMT-0

AUDUSD runs higher, extending above the recent ceiling area. What next?

AUDUSD

AUDUSD runs higher, extending above the recent ceiling area. What next?

  • The next swing area is in play along with the 61.8% comes in between 0.66759 to 0.66896
Greg Michalowski
Greg Michalowski
Wednesday, 15/05/2024 | 15:24 GMT-0
15/05/2024 | 15:24 GMT-0

USDCAD bounces off the 38.2% and rebounds to new session highs. What next?

usdcad

USDCAD bounces off the 38.2% and rebounds to new session highs. What next?

  • The USDCAD is back up and testing a swing area between 1.3654 and 1.3668
Greg Michalowski
Greg Michalowski
Wednesday, 15/05/2024 | 14:39 GMT-0
15/05/2024 | 14:39 GMT-0

EURUSD moves back down toward 100-day moving average

EURUSD

EURUSD moves back down toward 100-day moving average

  • The 100 day moving out comes at 1.08233
Greg Michalowski
Greg Michalowski
Wednesday, 15/05/2024 | 14:14 GMT-0
15/05/2024 | 14:14 GMT-0

Kickstart the FX trading day for May 15 with a technical look at EURUSD, USDJPY & GBPUSD

FOREX

Kickstart the FX trading day for May 15 with a technical look at EURUSD, USDJPY & GBPUSD

  • What technical levels are driving the 3-major currency pairs
Greg Michalowski
Greg Michalowski
Wednesday, 15/05/2024 | 13:30 GMT-0
15/05/2024 | 13:30 GMT-0
NZDUSD runs higher as risk on flows send the pair to the upside. Lower yields. Higher stocks.

The JPY is the strongest and the USD is the weakest as the NA session begins

forex

The JPY is the strongest and the USD is the weakest as the NA session begins

  • The CPI data is on deck with
Greg Michalowski
Greg Michalowski
Wednesday, 15/05/2024 | 12:08 GMT-0
15/05/2024 | 12:08 GMT-0
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Octa's research: a strong dollar is inevitable with any U.S. inflation data

USA

Octa's research: a strong dollar is inevitable with any U.S. inflation data

  • The dollar is still strong this week, the week of the publication of U.S. inflation data.
Octa
Tuesday, 14/05/2024 | 13:10 GMT-0
14/05/2024 | 13:10 GMT-0

Bitcoin bulls protect this critical price level. Again. Do not short BTCUSD

Bitcoin bulls looking fine

Bitcoin bulls protect this critical price level. Again. Do not short BTCUSD

  • Bitcoin bulls defend vital level at 61241, cautioning against shorting BTCUSD. Purple anchored VWAP safeguarded.
Itai Levitan
Itai Levitan
Wednesday, 15/05/2024 | 10:19 GMT-0
15/05/2024 | 10:19 GMT-0

Gold Technical Analysis – All eyes on the US CPI report

Gold

Gold Technical Analysis – All eyes on the US CPI report

  • Gold is about to make a new higher high ahead of the US CPI release. What’s next?
Giuseppe Dellamotta
Giuseppe Dellamotta
Wednesday, 15/05/2024 | 09:28 GMT-0
15/05/2024 | 09:28 GMT-0

AUDUSD Technical Analysis – Will we finally break the resistance?

AUDUSD

AUDUSD Technical Analysis – Will we finally break the resistance?

  • The AUDUSD pair trades near the key resistance zone around the 0.6650 level. What’s next?
Giuseppe Dellamotta
Giuseppe Dellamotta
Wednesday, 15/05/2024 | 07:06 GMT-0
15/05/2024 | 07:06 GMT-0

GBPUSD has the 50% of the 2024 trading range, being tested

GBPUSD

GBPUSD has the 50% of the 2024 trading range, being tested

  • The 50% of the 2024 trading range comes in at 1.25957
Greg Michalowski
Greg Michalowski
Tuesday, 14/05/2024 | 20:03 GMT-0
14/05/2024 | 20:03 GMT-0

USDCHF bounces off support and stays below hourly MAs

USDCHF

USDCHF bounces off support and stays below hourly MAs

  • The 100/200 hour MAs stalls the bounce back rally in the USDCHF
Greg Michalowski
Greg Michalowski
Tuesday, 14/05/2024 | 19:02 GMT-0
14/05/2024 | 19:02 GMT-0

Crude oil settles at $78.02

Crude oil

Crude oil settles at $78.02

  • Down $1.10 or 1.39%
Greg Michalowski
Greg Michalowski
Tuesday, 14/05/2024 | 18:39 GMT-0
14/05/2024 | 18:39 GMT-0
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Tuesday, 14/05/2024 | 07:39 GMT-0
14/05/2024 | 07:39 GMT-0

EURUSD did find sellers at 100 day MA target

EURUSD

EURUSD did find sellers at 100 day MA target

  • The sellers increases the levels importance going forward.
Greg Michalowski
Greg Michalowski
Tuesday, 14/05/2024 | 17:15 GMT-0
14/05/2024 | 17:15 GMT-0

AUDUSD down and back up. Trades above and below 50% midpoint of range since Dec. high

AUDUSD

AUDUSD down and back up. Trades above and below 50% midpoint of range since Dec. high

  • The 50% of the move down from the December high comes in at 0.66159. Key barometer going forward.
Greg Michalowski
Greg Michalowski
Tuesday, 14/05/2024 | 16:22 GMT-0
14/05/2024 | 16:22 GMT-0

EURUSD tests key 100-day MA at 1.0825 . Key barometer for both buyers and sellers

EURUSD

EURUSD tests key 100-day MA at 1.0825 . Key barometer for both buyers and sellers

  • Sellers leaning on the first test
Greg Michalowski
Greg Michalowski
Tuesday, 14/05/2024 | 15:07 GMT-0
14/05/2024 | 15:07 GMT-0

The USDCAD found sellers near MAs on topside, and willing buyers against swing area below

USDCAD

The USDCAD found sellers near MAs on topside, and willing buyers against swing area below

  • The trading range between 1.3628 and 1.3692 is confining the ups and downs in the USDCAD.
Greg Michalowski
Greg Michalowski
Tuesday, 14/05/2024 | 14:42 GMT-0
14/05/2024 | 14:42 GMT-0

NZDUSD continues to trade between swing area below and 50% /200 day MA above.

NZDUSD

NZDUSD continues to trade between swing area below and 50% /200 day MA above.

  • Traders are waiting for the next shove higher or lower
Greg Michalowski
Greg Michalowski
Tuesday, 14/05/2024 | 14:13 GMT-0
14/05/2024 | 14:13 GMT-0

EURUSD spikes higher and toward 100 day MA

EURUSD

EURUSD spikes higher and toward 100 day MA

  • The 100 day MA is at 1.0825
Greg Michalowski
Greg Michalowski
Tuesday, 14/05/2024 | 13:28 GMT-0
14/05/2024 | 13:28 GMT-0
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