Technical Analysis

Technical Analysis

Major US indices close higher for the day and the week

S&P

Major US indices close higher for the day and the week

  • NASDAQ does the best today/this week
Greg Michalowski
Greg Michalowski
Friday, 03/05/2024 | 20:21 GMT-0
03/05/2024 | 20:21 GMT-0

NZDUSD buyers took their shot above 200 day MA/50% retracement and missed

NZDUSD

NZDUSD buyers took their shot above 200 day MA/50% retracement and missed

  • The NZDUSD broke above the 50% of the move down from the March high and the 200-day MA at 0.6033 to 0.6040 and failed.
Greg Michalowski
Greg Michalowski
Friday, 03/05/2024 | 19:24 GMT-0
03/05/2024 | 19:24 GMT-0

Oil falls $5.50 on the week as a head-and-shoulders pattern forms

oil

Oil falls $5.50 on the week as a head-and-shoulders pattern forms

  • WTI posts weekly close below $80 for the first time since early March
Adam Button
Adam Button
Friday, 03/05/2024 | 18:38 GMT-0
03/05/2024 | 18:38 GMT-0
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Octa crypto snapshot: will investors continue to buy Bitcoin after the halving?

Octa

Octa crypto snapshot: will investors continue to buy Bitcoin after the halving?

  • On the night of 20 April, the Bitcoin network experienced its fourth halving.
Octa
Thursday, 02/05/2024 | 10:45 GMT-0
02/05/2024 | 10:45 GMT-0

Crude oil trading at session lows going into the settlement

Crude

Crude oil trading at session lows going into the settlement

  • Crude oil price hits session lows at $78.21, traders eye 100-day MA near $78 for potential bounce
Greg Michalowski
Greg Michalowski
Friday, 03/05/2024 | 18:29 GMT-0
03/05/2024 | 18:29 GMT-0

EURUSD sets technical levels in the ups and downs after the US jobs report.

EURUSD

EURUSD sets technical levels in the ups and downs after the US jobs report.

  • What are the EURUSD key barometers technically after the ups and downs.
Greg Michalowski
Greg Michalowski
Friday, 03/05/2024 | 16:35 GMT-0
03/05/2024 | 16:35 GMT-0

AUDUSD runs higher after US jobs report but stalls at a key ceiling.What next technically?

AUDUSD

AUDUSD runs higher after US jobs report but stalls at a key ceiling.What next technically?

  • The AUDUSD backs off toward key 100-day MA level at 0.6580
Greg Michalowski
Greg Michalowski
Friday, 03/05/2024 | 15:58 GMT-0
03/05/2024 | 15:58 GMT-0

USDCAD bounces back higher after sellers had their shot and missed after the softer jobs.

USDCAD

USDCAD bounces back higher after sellers had their shot and missed after the softer jobs.

  • The good news for USDCAD traders is the support held. Resistance is holding. The 50% midpoint sits between the extremes to act as a rudder for buyers and sellers technically in the USDCAD.
Greg Michalowski
Greg Michalowski
Friday, 03/05/2024 | 15:19 GMT-0
03/05/2024 | 15:19 GMT-0

USDCHF falls to the April low/swing area and bounces. Resistance now eyed at 0.9070 now.

USDCHF

USDCHF falls to the April low/swing area and bounces. Resistance now eyed at 0.9070 now.

  • USDCHF technical levels are set after the soft US data
Greg Michalowski
Greg Michalowski
Friday, 03/05/2024 | 14:40 GMT-0
03/05/2024 | 14:40 GMT-0
NZDUSD buyers took their shot above 200 day MA/50% retracement and missed

Kickstart the FX trading day (post NFP) with a technical look at EURUSD, USDJPY, GBPUSD.

FX

Kickstart the FX trading day (post NFP) with a technical look at EURUSD, USDJPY, GBPUSD.

  • The US jobs report was weaker than expected and that has kicked the USD lower. What are the technicals telling us now?
Greg Michalowski
Greg Michalowski
Friday, 03/05/2024 | 13:13 GMT-0
03/05/2024 | 13:13 GMT-0
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FXIFY

FXIFY Celebrates 1 Year Anniversary: Establishing Itself as an Industry Leader

  • Celebrating its first anniversary, FXIFY has gained global recognition and trust.
FXIFY
Thursday, 02/05/2024 | 07:43 GMT-0
02/05/2024 | 07:43 GMT-0

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

forex

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

  • Stocks are higher in the US, yields are modestly lower ahead of the US jobs report..
Greg Michalowski
Greg Michalowski
Friday, 03/05/2024 | 12:03 GMT-0
03/05/2024 | 12:03 GMT-0

S&P 500 E-mini futures technical analysis

S&P 500

S&P 500 E-mini futures technical analysis

  • The market is waiting for a catalyst to break out of the consolidation
Giuseppe Dellamotta
Giuseppe Dellamotta
Friday, 03/05/2024 | 10:26 GMT-0
03/05/2024 | 10:26 GMT-0

Gold technical analysis - waiting for the US data to give us a direction

Gold

Gold technical analysis - waiting for the US data to give us a direction

  • The market is consolidating around a key trendline ahead of the key US reports today
Giuseppe Dellamotta
Giuseppe Dellamotta
Friday, 03/05/2024 | 08:21 GMT-0
03/05/2024 | 08:21 GMT-0

S&P index trades near highs. Remains between 100 day MA below/50 day MA above

S&P

S&P index trades near highs. Remains between 100 day MA below/50 day MA above

  • Apple reports after the close today.
Greg Michalowski
Greg Michalowski
Thursday, 02/05/2024 | 18:00 GMT-0
02/05/2024 | 18:00 GMT-0

EURGBP found support near swing floor area.

EURGBP

EURGBP found support near swing floor area.

  • Rotates up to the 100/200 bar MAs on the 4 hour chart
Greg Michalowski
Greg Michalowski
Thursday, 02/05/2024 | 17:34 GMT-0
02/05/2024 | 17:34 GMT-0

NASDAQ index can't stay below it 100 day moving average

Nasdaq

NASDAQ index can't stay below it 100 day moving average

  • Buyers stay in play
Greg Michalowski
Greg Michalowski
Thursday, 02/05/2024 | 16:22 GMT-0
02/05/2024 | 16:22 GMT-0
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2024 Mobile Trends in the Fintech Industry

fintech360

2024 Mobile Trends in the Fintech Industry

  • Main solutions and trend-setters in the sector.
Fintech360
Tuesday, 30/04/2024 | 08:08 GMT-0
30/04/2024 | 08:08 GMT-0

Major European stock indices closing the day with mixed results

USDJPY

Major European stock indices closing the day with mixed results

  • German DAX and France CAC move lower
Greg Michalowski
Greg Michalowski
Thursday, 02/05/2024 | 15:40 GMT-0
02/05/2024 | 15:40 GMT-0

AUDUSD traders looking for the next shove. The buyers have the tilt after sellers had shot

AUDUSD

AUDUSD traders looking for the next shove. The buyers have the tilt after sellers had shot

  • The sellers had their shot and missed. The price is back above MA levels.
Greg Michalowski
Greg Michalowski
Thursday, 02/05/2024 | 15:16 GMT-0
02/05/2024 | 15:16 GMT-0

USDCHF breaks lower today and down to a swing area low. Finds buyers.

USDCHF

USDCHF breaks lower today and down to a swing area low. Finds buyers.

  • The pair broke low and back below a key old ceiling area from April between 0.9147 to 0.91558.
Greg Michalowski
Greg Michalowski
Thursday, 02/05/2024 | 14:43 GMT-0
02/05/2024 | 14:43 GMT-0

EURUSD falls below key moving averages and sees increased selling pressure.

EURUSD

EURUSD falls below key moving averages and sees increased selling pressure.

  • The EURUSD price falls below 100/200 hour MAs at 1.0695 to 1.0699
Greg Michalowski
Greg Michalowski
Thursday, 02/05/2024 | 13:52 GMT-0
02/05/2024 | 13:52 GMT-0

USDCAD stays within a cluster of technical levels and waits for the next shove.

FOREX

USDCAD stays within a cluster of technical levels and waits for the next shove.

  • The support comes at 1.36966. The resistance comes at 1.37281
Greg Michalowski
Greg Michalowski
Thursday, 02/05/2024 | 13:20 GMT-0
02/05/2024 | 13:20 GMT-0

Kickstart the FX trading for May 2 w/a technical look at the EURUSD, USDJPY and GBPUSD

Forex

Kickstart the FX trading for May 2 w/a technical look at the EURUSD, USDJPY and GBPUSD

  • What next after the Fed decision for the USD and for the 3 major currency pairs?
Greg Michalowski
Greg Michalowski
Thursday, 02/05/2024 | 12:45 GMT-0
02/05/2024 | 12:45 GMT-0
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Octa's market snapshot: The Fed is stuck between recession and high inflation

Fed

Octa's market snapshot: The Fed is stuck between recession and high inflation

  • The Fed is expected to leave rates unchanged.
Octa
Monday, 29/04/2024 | 13:58 GMT-0
29/04/2024 | 13:58 GMT-0
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