Technical Analysis

Runs away from the 100 hour MA The USDJPY has caught the dollar buying fever and trades at its highest level since Tuesday.  That is not saying much as the pair has been in a narrow range of 105.293 to 105.866 since Tuesday afternoon.  That is not a lot of price action. Nevertheless the price is breaking outside of the range and running
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Dow industrial average is still negative The S&P and NASDAQ index have turned back positive. The S&P is up 0.03% the 3350.34. The NASDAQ index is up 0.15% at 11124.83. The S&P index has been up for 5 consecutive days. The NASDAQ index has been up for 7 consecutive days. The S&P index reached a new high going back
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Nasdaq leads the way lower today. The NASDAQ and S&P are reaching new session lows. The NASDAQ is leading the way with a decline of 1.67%. It is currently down 186 points to 10921.44. The S&P index is down 20 points or -0.61% at 3328.80 Looking at the hourly chart of the NASDAQ index, the pair is getting closer to
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Lots of ups and downs in the pair but buyers are testing a key target area The NZDUSD has seen a lot of ups and downs going back to July 21. Most of the price action has been between 0.66134 and 0.66925. Yes there has been extensions higher and there been extensions lower, but the value (or
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The EURUSD reaches the July highs and backs off The EURUSD trended higher into the NY session and looked toward the July highs at 1.1904-08. The high reached 1.19043 but could not go any further. Sellers leaned and the price has rotated lower over the last 3+ hours.  See the earlier post.   The move to
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Major indices get off to a good start for the month of August The US stock indices are all closing higher with the NASDAQ leading the way to the upside.  The NASDAQ is on a 4 day winning streak. The S&P and Dow have been up for 2 consecutive days. The S&P 500 is closing less than
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Is that the dollar higher? The pattern of late has been lower dollar/higher stocks.  The dollar continues its move to the upside today, its Friday, its month end. The earnings fears are gone mostly at least for most of the high flyers. The coronavirus bill is an impasse.  So why not go the other way in
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