Technical Analysis

CFTC commitments of traders: USD shorts increase led by CAD longs Coming Up! Title text for next article LON +1 SDNY+11 NY -4 TYO +9 GMT Technical Analysis Weekly forex futures positioning data from the CFTC for the week ending May 11, 2021. EUR long 94K vs 85K long last week. Longs increased by 9K GBP […]

Stocks close near session highs The major US stock indices are close higher for the second consecutive day.  Some other highlights for the day/week Week ends with 2 strong days higher after three down days to start the week S&P has best day since late March 26th All 11 sectors of the S&P close higher Dow S&P NASDAQ

Bounce off the swing low target The USDCAD moved below the 100 hour MA at 1.21167 after the US retail sales and the better than expected wholesale sales from Canada. The next downside target at the time was at 1.20781. That was home to swing lows from May 10, May 11 and May 12 before

NASDAQ still 7% below the all-time high The major indices snapped there three days losing streak.  However,  The Dow, S&P are on track for the worst week since late January. The NASDAQ is on track for its worst week since February 26  The NASDAQ is still 7% below its all-time high On a positive note

First move above the 100 hour moving average since May 5 The USDCAD has cracked above its 100 hour moving average 1.21193. That is the first look above that moving average since May 5. The price has moved down from the 100 hour moving average at 1.22912 on that day, to the low price today at

Dow fell -700 points at the lows The major indices are closing at the session lows with each closing 2%+ lower on the day. The major indices have closed lower for the third consecutive day.   The NASDAQ index is leading the way, and is has moved down about -8.5% from the highs so far (in 9 trading days).  Decliners to