Technical Analysis

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Dow leads the move down today.  For the second consecutive day, all the major indices closed lower. Today’s moves were led by the Dow 30 stocks. That index is down at the lows -667 points. It is ending the session down -472.21 points. The NASDAQ index ended marginally lower after being down as much as -2.20%. The final numbers

NASDAQ down -2.27% the NASDAQ and S&P are trading to new session lows. The Dow industrial average remains positive but gives back most of the days gains: S&P index is down -26.57 points or -0.63% at 4205.61. That is just off the lows of 4204.17 NASDAQ index -311 points or -2.26% at 13440. The low

Stocks tilting lower As stocks tilt more to the downside, the AUDUSD is losing some upside momentum and has not dipped below a swing area in from some intraday highs and lows over the last two days between 0.78609 and 0.78643 the current price is trading at 0.78562 as I type. The next target would

Swing highs from March at 0.78375 to 0.7848 are targeted now The AUDUSD is at a new high going back to March. The swing highs in March came in at 0.78375 and 0.78487 on March 3 and March 18 respectively.  The high price just reached 0.78446.  A move above the March high at 0.78487 should solicit more buying.  Drilling to the hourly

New highs as London/European traders look to exit The EURUSD is trading to a new session highs and in the process has broken above the April high of 1.2149 and trades the highest level since February 26. The next targets comes at 1.2169 and 1.2189.  Looking at the daily chart, the pair has also moved into a swing area