A move below is a bearish clue
The price of bitcoin has moved from a high of $17,027 to a low of $15,823. At the low the cryptocurrency tested the 200 bar MA (green line), and is finding some support buyers. We are retesting the 100 bar MA at $16,320.35 currently (blue line).
Head and shoulders too
The GBPJPY yesterday fell through a floor at the 150.54 level and extended that fall through the 50% retracement of the move up from November 28th low (at 149.956). Selling dried up and the price has wandered higher.
Back to where the market broke yesterday
The USDJPY is moving toward the 100 hour MA. Recall from yesterday's trading, in the Asia-Pacific session, the pair fell below the 100 hour moving average, retested it, and then proceeded toward support against the 50% retracement at 111.959 and the 200 hour moving average at 111.97. The low reached 111.984.
Where does it stop?
Bitcoin is up another 11% today and has topped $13,000 for the first time.
The frenzy is a full-scale mania at the moment.
So long as prices continue to rise, Bitcoin will continue to attract buyers. The story has divorced itself from anything other than a momentum play but it's a truly incredible one.
CAD/JPY down more than 1%
The yen is the best performer today and the Canadian dollar the laggard. The pair is an interesting technical study.
Earlier this week, the 55-day moving average capped intraday gains while the pair failed to close above the 100-day moving average on a closing basis.
USD/CAD gets a double boost from oil and BOC
USD/CAD continues to recover from Friday's jobs-fueled rout.
The pair has risen above 1.2800 and the 61.8% retracement of last week's tumble. That's a positive signal looking ahead as the pair reestablishes the 1.2650 to 1.2900 range.
Canadian dollar drops on the headlines
The market feared a hawkish shift from the Bank of Canada after last week's strong jobs report but it didn't come.
Instead, the Bank of Canada said "the current stance of monetary policy remains appropriate" but that policymakers will "continue to be cautious" as they assess how the economy has coped with recent rate hikes.
EUR/USD at the lows of the day
The euro bounced off 1.1800 yesterday and eventually climbed to 1.1840. A fresh test today broke the 1.1800 barrier to 1.1796, which is the 100-day moving average (and the 21-dma).
At least it broke away from the 200 hour MA
The NZDUSD spent 9 hours trading above and below the 200 hour MA and the 50% retracement. The 10th hourly bar trader below both. The price must be going lower, right?. There is a change and it is to the downside.
Quick 20 pip move to to the upside
The EURUSD has made a quick move to the upside over the last few minutes. Looking at the 5-minute chart below , the 200 bar MA moved down to catch up with the price. The price moved above and the price has seen a momentum move.
"Cabinet revolt" on Brexit as per The Telegraph
The GBPUSD has been moving lower in the first few hours of the Asian Pacific session.
There is an article in "The Telegraph" titled "". That may be contributing to the softness in the currency.
The NZD is the strongest. The EUR is the weakest.
As December 5th is put in the record books, and the NZD is the strongest, while the EUR is the weakest. The USD is ending with modest gains against most of the major pairs but is lower vs the NZD and the AUD as commodities (like gold and silver) fell on the day.