October 31, 2024 at 03:25PM The GBPUSD has moved below the 1.2938 level. That level corresponded with a number of swing lows and highs going back to mid-July (see red numbered circles on the chart below). See earlier video HERE at 4:15 mark. Last week the price fell below that…
October 31, 2024 at 01:25PM Kickstart your trading day for October 31 with a technical look at the EURUSD, USDJPY and GBPUSD. What levels are in play and why. All is explained in the above video. EURUSD: The EURUSD has been confined between 1.07609 and 1.08725 over the last few…
October 30, 2024 at 03:01PM The GBPUSD early in the US session retested the low price from Monday’s trade at 1.2938. That level was also a swing level going back in time to July and August. Support held and the price was able to rebound back above its 100 day…
October 30, 2024 at 01:15PM As we head into a myriad of economic releases and events including US jobs, inflation data, key earnings, US election, central bank decisions, it is important to understand where we stand from a technical perspective. IN the video, I take a look at 3 of…
October 28, 2024 at 07:29PM The GBPUSD buyers had their shot to make a move today. After bouncing off a key support level at 1.2938, the price surged higher, breaking above the 100 hour MA, 100 day MA, and 200 hour MA. However, despite achieving this technical breakthrough, the buyers…
October 28, 2024 at 01:39PM EURUSD: Key Levels: 100-hour MA: 1.08014 (current support) 200-hour MA: 1.08244 (current resistance) Recent Price Action: EURUSD moved above 100-hour MA on Thursday Touched and slightly broke 200-hour MA on Friday, but couldn’t sustain momentum Fell back below 100-hour MA to 1.07813, then rebounded Currently…
October 24, 2024 at 10:56AM Fundamental Overview The USD has been on a hell of a run recently despite the lack of catalysts and no major repricing in interest rates expectations. The main culprit for the recent strength in the US Dollar has been the rally in long term Treasury…
October 23, 2024 at 05:18PM The GBPUSD moved below its 100-day moving average earlier today at 1.2963. The price also fell below the 61.8% retracement of the move up from August low at 1.29580. Both those levels would need to be rebroken on the topside to give the buyers more…
October 22, 2024 at 08:01PM At the start of the US session today I posted on the GBPUSD: GBPUSD: Traders have been targeting the 100 day MA and the 61.8% of the move up from the August low at 1.2962 and 1.2958. The low price today reached within 3 pips…
October 21, 2024 at 08:52PM The GBPUSD is trading near its lows for the day and looks to test: Low from last week at 1.29729 100-day MA at 1.2960 61.8% retracement at 1.2958 As the day comes to a close, those levels will be key targets in the new trading…
