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Technical Analysis

GBPUSD ping pongs between technical levels

gbpusd

GBPUSD ping pongs between technical levels

  • The 200-hour MA and high of swing area is support. The 38.2% of April move lower is resistance.
Greg Michalowski
Greg Michalowski
Wednesday, 24/04/2024 | 18:43 GMT-0
24/04/2024 | 18:43 GMT-0

S&P index gives up gains. Down on the day.

S&P

S&P index gives up gains. Down on the day.

  • Critical level at 5056 must hold for a potential upside reversal
Greg Michalowski
Greg Michalowski
Wednesday, 24/04/2024 | 15:40 GMT-0
24/04/2024 | 15:40 GMT-0

Higher Australian CPI sent the AUDUSD higher, but the 200-day MA stalled the rally.

audusd

Higher Australian CPI sent the AUDUSD higher, but the 200-day MA stalled the rally.

  • Swing area between 0.6476 to 0.6486 is now support. The 100-hour MA and 50% of the April range is between 200 -day MA above, and swing area below at 0.65028.
Greg Michalowski
Greg Michalowski
Wednesday, 24/04/2024 | 15:19 GMT-0
24/04/2024 | 15:19 GMT-0
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FBS

FBS Financial Market Analysts Forecast Gold Prices to Rise to $2,800

  • Inflationary pressures make gold more attractive as a hedge against currency devaluation.
FBS
Wednesday, 24/04/2024 | 11:29 GMT-0
24/04/2024 | 11:29 GMT-0

USDJPY climbs above 155.00 again as buyers remain in control

USDJPY

USDJPY climbs above 155.00 again as buyers remain in control

  • Sellers struggle as buyers dominate, holding support near 100-hour MA
Greg Michalowski
Greg Michalowski
Wednesday, 24/04/2024 | 14:56 GMT-0
24/04/2024 | 14:56 GMT-0

USDCHF buyers try to keep the short term bias in their favor.

usdchf

USDCHF buyers try to keep the short term bias in their favor.

  • Staying above the 100/200 hour MAs will be a short term barometer for traders today.
Greg Michalowski
Greg Michalowski
Wednesday, 24/04/2024 | 14:24 GMT-0
24/04/2024 | 14:24 GMT-0

USDCAD moves higher helped by fundamental data/technical bounce.

usdcad

USDCAD moves higher helped by fundamental data/technical bounce.

  • The price of the USDCAD found support at a key swing area and was then helped by weaker Canada data/strong US data.
Greg Michalowski
Greg Michalowski
Wednesday, 24/04/2024 | 13:37 GMT-0
24/04/2024 | 13:37 GMT-0

Kickstart your FX trading for April 24 with a technical look at EURUSD, USDJPY and GBPUSD

Forex

Kickstart your FX trading for April 24 with a technical look at EURUSD, USDJPY and GBPUSD

  • The USDJPY moves above 155.00 but backs off. Still above the 100 hour MA.
Greg Michalowski
Greg Michalowski
Wednesday, 24/04/2024 | 13:12 GMT-0
24/04/2024 | 13:12 GMT-0

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

forex

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

  • The USD is tilting modestly to the upside
Greg Michalowski
Greg Michalowski
Wednesday, 24/04/2024 | 12:13 GMT-0
24/04/2024 | 12:13 GMT-0
GBPUSD ping pongs between technical levels

WTI Crude Oil Technical Analysis

WTI Crude Oil

WTI Crude Oil Technical Analysis

  • Crude Oil fell below the key $83 zone as the geopolitical risk faded. What’s next?
FL Contributors
FL Contributors
Wednesday, 24/04/2024 | 12:04 GMT-0
24/04/2024 | 12:04 GMT-0
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Thursday, 04/04/2024 | 08:19 GMT-0
04/04/2024 | 08:19 GMT-0

GBPJPY Technical Analysis

GBPJPY

GBPJPY Technical Analysis

  • The GBPJPY pair got stuck in a range. What’s next?
FL Contributors
FL Contributors
Wednesday, 24/04/2024 | 10:52 GMT-0
24/04/2024 | 10:52 GMT-0

Nasdaq Composite Technical Analysis

Nasdaq Composite

Nasdaq Composite Technical Analysis

  • The Nasdaq Composite extends the rally following weaker US PMIs. What’s next?
FL Contributors
FL Contributors
Wednesday, 24/04/2024 | 09:45 GMT-0
24/04/2024 | 09:45 GMT-0

Copper Technical Analysis

copper

Copper Technical Analysis

  • Copper broke out into a new cycle high. What’s next?
FL Contributors
FL Contributors
Wednesday, 24/04/2024 | 08:22 GMT-0
24/04/2024 | 08:22 GMT-0

EURUSD Technical Analysis

EURUSD

EURUSD Technical Analysis

  • The EURUSD pair reached the key 1.07 resistance zone. What’s next?
FL Contributors
FL Contributors
Wednesday, 24/04/2024 | 07:10 GMT-0
24/04/2024 | 07:10 GMT-0

USDCHF Technical Analysis

USDCHF

USDCHF Technical Analysis

  • The USDCHF pair continues to consolidate around a key resistance level. What’s next?
FL Contributors
FL Contributors
Wednesday, 24/04/2024 | 05:57 GMT-0
24/04/2024 | 05:57 GMT-0

USDCAD stretches to a key support target defined by a cluster of technical levels

usdcad

USDCAD stretches to a key support target defined by a cluster of technical levels

  • A swing area, 100 bar MA on the 4-hour chart, and 50% of the April trading range is being tested.
Greg Michalowski
Greg Michalowski
Tuesday, 23/04/2024 | 19:03 GMT-0
23/04/2024 | 19:03 GMT-0
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XCAD Network
Wednesday, 27/03/2024 | 17:25 GMT-0
27/03/2024 | 17:25 GMT-0

USDJPY increases the 100 hour MA as a key downside support target

USDJPY

USDJPY increases the 100 hour MA as a key downside support target

  • Key barometer going forward near the 100-hour MA at 154.57 area. Resistance at 155.00.
Greg Michalowski
Greg Michalowski
Tuesday, 23/04/2024 | 18:24 GMT-0
23/04/2024 | 18:24 GMT-0

EURUSD has a cap near the 38.2% retracement, but buyers are pushing.

EURUSD

EURUSD has a cap near the 38.2% retracement, but buyers are pushing.

  • The 38.2% retracement of the April training range comes in at 1.0709
Greg Michalowski
Greg Michalowski
Tuesday, 23/04/2024 | 16:50 GMT-0
23/04/2024 | 16:50 GMT-0

US broader indices up over 1%. S&P up 1.01%. NASDAQ index up 1.43%

S&P

US broader indices up over 1%. S&P up 1.01%. NASDAQ index up 1.43%

  • Stocks rise as yields move lower. Economy slows.
Greg Michalowski
Greg Michalowski
Tuesday, 23/04/2024 | 15:57 GMT-0
23/04/2024 | 15:57 GMT-0

NZDUSD extends to the upside on the back of a lower dollar today

nzdusd

NZDUSD extends to the upside on the back of a lower dollar today

  • The weaker data and lower yields has the NZDUSD pair moving above the close target resistance. Can the momentum continue?
Greg Michalowski
Greg Michalowski
Tuesday, 23/04/2024 | 15:37 GMT-0
23/04/2024 | 15:37 GMT-0

AUDUSD reacts to the weaker US data. Pair moves higher as yields move lower/stocks higher.

AUDUSD

AUDUSD reacts to the weaker US data. Pair moves higher as yields move lower/stocks higher.

  • Lower yields and risk on flows sends the AUDUSD higher. Buyers take price above 38.2% of the April trading range
Greg Michalowski
Greg Michalowski
Tuesday, 23/04/2024 | 15:01 GMT-0
23/04/2024 | 15:01 GMT-0

The USDCHF is not doing much in trading today, but the buyers are trying to take control.

USDCHF

The USDCHF is not doing much in trading today, but the buyers are trying to take control.

  • The USDCHF buyers are leaning against the 100-hour MA in early US trading. Are the buyers making a play?
Greg Michalowski
Greg Michalowski
Tuesday, 23/04/2024 | 13:39 GMT-0
23/04/2024 | 13:39 GMT-0
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Wednesday, 27/03/2024 | 10:11 GMT-0
27/03/2024 | 10:11 GMT-0
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