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Kickstart the FX trading day for May 9 w/a technical look at the EURUSD, USDJPY and GBPUSD

FOREX

Kickstart the FX trading day for May 9 w/a technical look at the EURUSD, USDJPY and GBPUSD

  • The BOE kept rates unchanged but suggested softer policy ahead.
Greg Michalowski
Greg Michalowski
Thursday, 09/05/2024 | 13:21 GMT-0
09/05/2024 | 13:21 GMT-0

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

forex

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

  • The Bank of England keeps rate unchanged with 2 members looking for a cut
Greg Michalowski
Greg Michalowski
Thursday, 09/05/2024 | 12:03 GMT-0
09/05/2024 | 12:03 GMT-0

Crude Oil Technical Analysis – Dead cat bounce or the start of a rally?

WTI Crude Oil

Crude Oil Technical Analysis – Dead cat bounce or the start of a rally?

  • After the big selloff, crude oil bounced around a trendline as expectations for an extension of the output cuts into the end of the year start to build. What’s next?
Giuseppe Dellamotta
Giuseppe Dellamotta
Thursday, 09/05/2024 | 10:23 GMT-0
09/05/2024 | 10:23 GMT-0
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Thursday, 09/05/2024 | 12:41 GMT-0
09/05/2024 | 12:41 GMT-0

Gold Technical Analysis – Waiting for a catalyst for some action.

Gold

Gold Technical Analysis – Waiting for a catalyst for some action.

  • Gold got stuck in a consolidation as the lack of catalysts led to a rangebound price action. What’s next?
Giuseppe Dellamotta
Giuseppe Dellamotta
Thursday, 09/05/2024 | 08:16 GMT-0
09/05/2024 | 08:16 GMT-0

What is the technical roadmap for the GBPUSD through the BOE interest rate decision.

GBPUSD

What is the technical roadmap for the GBPUSD through the BOE interest rate decision.

  • The BOE decision is tomorrow. What levels will help guide the pair through either a more bullish run or a more bearish run. Look for the break.
Greg Michalowski
Greg Michalowski
Wednesday, 08/05/2024 | 19:45 GMT-0
08/05/2024 | 19:45 GMT-0

USDJPY buyers are keeping control at least in the short and medium term. Stay above 155.00

USDJPY

USDJPY buyers are keeping control at least in the short and medium term. Stay above 155.00

  • The 155.00 level in the USDJPY will be eyed by buyers looking for more upside momentum going forward.
Greg Michalowski
Greg Michalowski
Wednesday, 08/05/2024 | 19:10 GMT-0
08/05/2024 | 19:10 GMT-0

EURUSD muddles along with support and resistance defined by technical swing levels/MAs

EURUSD

EURUSD muddles along with support and resistance defined by technical swing levels/MAs

  • The EURUSD traders are waiting for the next shove
Greg Michalowski
Greg Michalowski
Wednesday, 08/05/2024 | 15:41 GMT-0
08/05/2024 | 15:41 GMT-0

AUDUSD continues its move lower into retracement support, but below key 100D MA.

USDCAD

AUDUSD continues its move lower into retracement support, but below key 100D MA.

  • The battle lines are drawn by traders with the 100 day MA above and the broken 38.2% retracement below
Greg Michalowski
Greg Michalowski
Wednesday, 08/05/2024 | 14:58 GMT-0
08/05/2024 | 14:58 GMT-0
Kickstart the FX trading day for May 9 w/a technical look at the EURUSD, USDJPY and GBPUSD

USDCAD rotates back lower in the early NA session & looks to test support target support.

USDCAD

USDCAD rotates back lower in the early NA session & looks to test support target support.

  • The 1.37159 to 1.3727 in the USDCAD is support. Will the buyers come in to stall the fall?
Greg Michalowski
Greg Michalowski
Wednesday, 08/05/2024 | 14:28 GMT-0
08/05/2024 | 14:28 GMT-0
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Wednesday, 08/05/2024 | 13:54 GMT-0
08/05/2024 | 13:54 GMT-0

USDCHF consolidates gains. Traders use swing area resistance as lean point/low risk target

USDCHF

USDCHF consolidates gains. Traders use swing area resistance as lean point/low risk target

  • The sellers lean against the high of a swing area at 0.9095
Greg Michalowski
Greg Michalowski
Wednesday, 08/05/2024 | 13:36 GMT-0
08/05/2024 | 13:36 GMT-0

AUDUSD Technical Analysis – The RBA disappointed the hawks

AUDUSD

AUDUSD Technical Analysis – The RBA disappointed the hawks

  • The AUDUSD pair has been falling steadily since the RBA’s policy decision as the central bank disappointed the hawks. What’s next?
Giuseppe Dellamotta
Giuseppe Dellamotta
Wednesday, 08/05/2024 | 13:14 GMT-0
08/05/2024 | 13:14 GMT-0

Kickstart the FX trading day for May 8 w/ a technical look at EURUSD, USDJPY and GBPUSD

forex

Kickstart the FX trading day for May 8 w/ a technical look at EURUSD, USDJPY and GBPUSD

  • The USD is higher to start the North American trading day. What to look for ahead?
Greg Michalowski
Greg Michalowski
Wednesday, 08/05/2024 | 12:47 GMT-0
08/05/2024 | 12:47 GMT-0

USDCAD Technical Analysis - The buyers are in control

USDCAD

USDCAD Technical Analysis - The buyers are in control

  • The USD has basically erased all the losses from the prior week. What's next?
Giuseppe Dellamotta
Giuseppe Dellamotta
Wednesday, 08/05/2024 | 12:34 GMT-0
08/05/2024 | 12:34 GMT-0

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

forex

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

  • The USD was the strongest currency yesterday as well
Greg Michalowski
Greg Michalowski
Wednesday, 08/05/2024 | 12:07 GMT-0
08/05/2024 | 12:07 GMT-0

Bitcoin price forecast - I have bought some BTCUSD at 62k with target 70k

bitcoin good for long, imo, at 62k

Bitcoin price forecast - I have bought some BTCUSD at 62k with target 70k

  • My bullish Bitcoin forecast, with key levels to watch - $62,195 and $60,851. Watch the BTCUSD technical analysis video. Explore trading strategies for long positions and tips on risk management. Don't miss out.
Itai Levitan
Itai Levitan
Wednesday, 08/05/2024 | 10:51 GMT-0
08/05/2024 | 10:51 GMT-0
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Tuesday, 07/05/2024 | 14:27 GMT-0
07/05/2024 | 14:27 GMT-0

USDJPY Technical Analysis – The 160.00 handle is now in sight.

USDJPY

USDJPY Technical Analysis – The 160.00 handle is now in sight.

  • The USDJPY pair breached the key 155.00 handle with the buyers now eyeing the 160.00 level. What’s next?
Giuseppe Dellamotta
Giuseppe Dellamotta
Wednesday, 08/05/2024 | 09:27 GMT-0
08/05/2024 | 09:27 GMT-0

GBPUSD Technical Analysis - A look at the chart ahead of the BOE decision

GBPUSD

GBPUSD Technical Analysis - A look at the chart ahead of the BOE decision

  • The GBPUSD pair faked out of a trendline and faded the US NFP gains. What’s next?
Giuseppe Dellamotta
Giuseppe Dellamotta
Wednesday, 08/05/2024 | 07:18 GMT-0
08/05/2024 | 07:18 GMT-0

USDCAD runs higher and breaks through a series of technical targets along the way.

USDCAD

USDCAD runs higher and breaks through a series of technical targets along the way.

  • The pair moved above the 100/200 hour MA and then the 100 bar MA on the 4-hour chart.
Greg Michalowski
Greg Michalowski
Tuesday, 07/05/2024 | 19:51 GMT-0
07/05/2024 | 19:51 GMT-0

S&P index tops out at 5200 and reverses lower

S&P

S&P index tops out at 5200 and reverses lower

  • S&P index is now unchanged on the day
Greg Michalowski
Greg Michalowski
Tuesday, 07/05/2024 | 18:47 GMT-0
07/05/2024 | 18:47 GMT-0

EURUSD trades to a new low for the day/week and approaches a key target support level

EURUSD

EURUSD trades to a new low for the day/week and approaches a key target support level

  • The EURUSD is moving closer to a key support target defined by a cluster of technical levels at 1.07458
Greg Michalowski
Greg Michalowski
Tuesday, 07/05/2024 | 18:33 GMT-0
07/05/2024 | 18:33 GMT-0

AUDUSD bounces ahead of the 100-day MA today. What next technically for the pair?

AUDUSD

AUDUSD bounces ahead of the 100-day MA today. What next technically for the pair?

  • On the topside, the high price from last week and this week stalled at a key swing ceiling area between 0.6635 and 0.6648
Greg Michalowski
Greg Michalowski
Tuesday, 07/05/2024 | 15:23 GMT-0
07/05/2024 | 15:23 GMT-0
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Thursday, 02/05/2024 | 10:45 GMT-0
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