A technical look at some major pairs as the day comes to a close

Dollar mixed in trading today

USDCAD

The USDCAD mad it down to the trend line and 100 (currently 1.2734) and 200 (1.2730) hour MAs. You can add the 50% of the move up from last week's low at 1.2727. The low came in at 1.2727 and bounced. Yesterday, the high price stalled at the 50% of the move down from the October 31 high (not show but level came in at 1.27989). In the new day, those are the extremes. It can go either way, depending on how you look at the market, but the holding of the cluster of support gives the buyers a little more of the nod.

EURUSD

The EURUSD chopped up and down today and the price is close to the lows for the day. However, the 100 hour MA is racing up to meet the 100 day MA at 1.1743 level and that may be a key test if the price wanders a little lower in the new trading day. The high from yesterday took out the highs from October 18 and 19 but quickly rejected that idea. So sellers are probably feeling more in control despite what has been and up and down trading day. That 100 day MA and 100 hour MA convergence, may make it tough though....

USDJPY

The USDJPY completed a lap in trading today with the price moving higher into the London morning session, then moving back lower (and to the low) in the New York session. The price bounced off the earlier lows. At the top today, the price stalled right before the 100 hour MA (blue line). It did the same thing at different times yesterday and on Monday. We currently trade between the double bottom low and the falling 100 hour MA at 113.29 (and moving lower). Flip a coin in between the extremes (we can go either way). At least the bookends are pretty well developed.

GBPUSD

This time yesterday, the price was trading between the 100 bar MA on the 4-hour chart and 200 bar MA on the same chart (blue and green lines. A break of the lower MA (blue line) looked like the price was going lower,but not so fast. The price bounced and moved above the 200 bar MA (green line). That move did get above the topside trend line but that went no where. For the new day, move below the 200 and 100 bar MA (yellow area) more bearish. Break above the 1.3212 (61.8%), more bullish.