Key levels tested as GBPUSD continues its downward move
Testing the 1.27974 (call it 1.2800) area GBPUSD falls to trendline support In a previous post on the GBPUSD, we discussed the breaking of…
Showing posts with the label levelsShow all
USDCAD Reverses Course after Weak CPI Data, Key Levels to Monitor
200 hour moving average at 1.3735 being tested USDCAD runs to the 200 hour MA The USDCAD initially saw an increase after weaker-than-expect…
Ethereum retests broken levels
Ethereum rebounded in the short term and it was trading at 1,556 at the time of writing. The bounce back was natural after the last sell-off. It coul…
The EURUSD is reacting to the technical levels as traders lean against support/resistance
The EURUSD pair awaits the next shove. The EURUSD tested a higher low area of support, then shot through the swing low from July 2022. That led…
USDJPY at overbought levels and continues moving higher.
Black lines- Fibonacci retracement levels Red line- Fibonacci extension levels Yellow lines- two equal size advances USDJPY is trading above 137 …
AUDUSD trades between technical levels that just make sense. What do I mean?
AUDUSD finds support just ahead of the 200 hour MA and 50% retracement after breaking below the 100 hour MA Technical levels work because a lot…
S&P index and NASDAQ index tests - and now moves above - 50% midpoint levels
Both indices are above their 100 day moving averages. Bullish S&P index extending above its 50% midpoint Both the NASDAQ index and the …
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