GBPJPY finds sellers near the 200 hour MA
GBPJPY finds sellers near the 200 hour MA The GBPJPY GBP/JPY The GBP/JPY is the currency pair encompassing the British pound of the United Kingdom (symbol £, code GBP), and the Japanese yen of Japan (symbol ¥, code JPY). The pair’s rate indicates how many Japanese yen are needed in order to purchase one British […]
GBPUSD dips back below the 100/200 hour MAs
GBPUSD falls below the 100/200 hour moving averages The GBPUSD GBP/USD The GBP/USD is the currency pair encompassing the United Kingdom’s currency, the British pound sterling (symbol £, code GBP), and the dollar of the United States of America (symbol $, code USD). The pair’s rate indicates how many US dollars are needed in order […]
Feds Waller to speak at the top of the hour
Fed Governor speaking for the first time since November The final Fed speaker will be speaking at the top of the hour. Federal Reserve Governor CHristopher Waller will be speaking. Waller – being a Governor – has a permanent vote on the FOMC board. He has last spoken back in November. So hearing his views […]
EURUSD tries below 100 hour MA again
EURUSD back below the 100 hour MA The price has since moved back below the 100 hour moving average, and as I speak is extending away from that 100 hour moving average. The current price just extended below the 1.08 level and is trading at 1.0795. Sellers are making play with the next key target […]
Aussie faces finest hour. Forecast as of 17.01.2023
2023.01.17 2023.01.17 Aussie faces finest hour. Forecast as of 17.01.2023 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ It’s hard to remember the times when the AUDUSD had so many growth drivers. Support from Chinese exceptionalism, the Fed’s move from the standard 25-basis-point rate hiking, and the strength of the Australian economy are the reasons for the pair’s rally. Let’s discuss […]
AUDUSD dips to the 100 hour MA and finds buyers on the first look
AUDUSD bounces near the 100 hour moving average The move down in stocks and up in yields sent the price lower in the late London morning session, in the early New York session, the price fell below the swing highs from Monday and swing lows from yesterday and today between 0.6943 and 0.6949. The price […]
USDCHF returns to the 100 hour MA, low for the day, and swing area
USDCHF moves down to retest swing, 100H MA and earlier low For the USDCHF, looking at the hourly chart, the price has seen up and down trading today. The high just an hour or so ago, was back up testing the high from earlier in the day, but held. The subsequent move lower has rotated […]
How To Use 1 & 4 hour Chart Time-Frames to Confirm Daily Chart Signals » Learn To Trade The Market
A common question beginning traders ask me is whether or not I use intraday or “lower time frame charts” and if so, how do I use them? For the most part, the answer is yes, I do use intraday charts. However, (you knew there was going to be a however, right?) there is a time […]
USDCHF falls below its 100 hour MA
The USDCHF opened the week below the 100 hour MA (blue line in the chart above). On Tuesday, the price soared higher reaching the 50% of the move down from the November 21 high. That level comes in at 0.93988. On Wednesday, the price tumbled back down and in the process moved briefly back below […]
S&P index approaches, but closes below 200 hour MA. Monday will be a key day ahead of CPI
The US major indices are closing higher on the day and for the week. All the major indices are closing with gains over 2% on the day. For the week the gains are from around 1% to 1.5% for the major indices. The final numbers are showing: Dow industrial average rose 700.53 points o 2.13% […]