0.0 00 S&P 500 (1993.60) The market is aiming squarely for 2,000 after clearing the key technical barrier at 1985.50 then 1990.50. Buyers are now looking to challenge 2,005.50. A daily close above this aims for …
Read More »Daily Market Technical Analysis: USD/JPY Rallies to ¥104
0.0 00 USD/JPY (103.773) The Dollar is nearing a five month peak after rallying this week. We have not seen this kind of rally since March. A move above ¥104 would be very positive and a …
Read More »Daily Market Technical Analysis: The Kiwi Moves Below 0.84
0.0 00 USD/CAD (1.0984) The U.S. dollar is resuming its bullish trend against the Canadian “Loonie.” We note this move occurred after it formed a bullish candlestick around 1.06 and has been inching higher ever since. …
Read More »Daily Forex Analysis: BOE Leave Rates the Same, GBP Pushes Higher
0.0 00 After the Bank of England(BOE) voted to leave rates the same, the British pound pushed higher against the dollar. The Monetary Policy Committee (MPC) voted 7-2 to keep rates the same. Technically speaking, the …
Read More »Daily Technical Analysis: S&P 500 Breaks Higher
0.0 00 S&P 500 (1979.10) The market has shot higher and crashed through the technical level at 1963.75. We are now aiming for 1980.00 then 1985.30. A break there can test 1991.59. Alternatively, a break below …
Read More »Daily Forex Technical Analysis: The USD/JPY Nears the Range Top
0.0 00 The Dollar is at another key moment against the Japanese yen. The USD/JPY is now nearing the range top and there are no key signs of a reversal. We are looking for any bearish …
Read More »Daily Market Technical Analysis: The Pound Looks for a Bottom
0.0 00 GBP/USD (1.67209) The Sterling is still trying to make an unconvincing move higher. We have a temporary low near 1.6658 however while below 1.6690, we remain unconvinced of any rally higher. We have gone …
Read More »Daily Market Technical Analysis: The S&P 500 Moves Lower
0.0 00 S&P500 (1960.90) The market declined sharply as we expected. We note the appearance of an evening star, which is typically bearish in nature then the market pulled back. We do see the strong technical …
Read More »Daily Forex Technical Analysis: USD/CHF Stuck in a Range
0.0 00 USD/CHF (0.90641) The USD/CHF is consolidating below 0.91. Since falling below this critical level, the dollar has been digesting what to do next. Looking at the RSI moving negative, there is a chance the …
Read More »Forex Technical Analysis: Dollar is Strong Versus the Yen
0.0 00 USD/JPY (102.489) We have seen some indecisive price action in the Forex pair. This could mean range trading positions for traders. As the yen moves higher we can see it moving towards it multi …
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