Tests 38.2% of the move down from September high

The price of gold has been waffling higher and lower since mid October. The low reached $1263.35 on October 27. That low was higher than the low...

Can it stay below and run?

The USDJPY is trying to extend below a low trend line at 112.38. Earlier in the day, the price dipped below the line and stalled.  Looking back...

Stops triggered

The EURJPY held support against the  200 hour MA and the 100 bar moving average on the 4-hour chart - and bounced. The 2nd look, just cracked below those MA...

Fall takes the price below trend line

The USDJPY has been testing and bouncing "near" thelower trend line on the hourly chart. Earlier today, there was another test of the...

European stocks ending the week on a down note. Yields are mixed. Gold and oil are higher.   PS. Bitcoin is up to $8000

The European stock markets are closing and the major...

Near 50% retracement of last move higher.

The USDCHF this week, 

  • Stayed below the 1.0000 parity level. The high on Monday stalled at 0.9986.
  • Defined a downward sloping trend line this week and tested...

Crude oil is up 2.35%

The Baker Hughes rig count will be released at the top of the hour. 

Last week:

  • total rigs 907
  • Oil rigs 738
  • gas rates 169

The rise of crude oil is up sharply today.  Currently...

CPI as expected but remains well below targets

The Canada CPI came in as expected but the YoY numbers remain well below targets for the Bank of...

The first of a series of MA being tested as the pair rotates back lower

The GBPUSD is now trading lower on the day, after a run higher (and a break to a new 11 day highs...

Falls below triple bottom.

The NZDUSD fell below a triple bottom at the 0.6817 level today and the price ran lower. That break is real folks.  What was a floor now becomes a ceiling.  Stay below is...


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