It all started with a move back above the 100 bar MA 

The intraday corrective move got its start on a move back above its 100 bar MA (blue line in the chart below).  After...

Reacting to stock fall

The broad US stock indices are now in the red and trading near low levels, and that has helped to lead to fall in the USDJPY. 


The USDJPY is trading...

Tests 100 bar MA on 4-hour and 200 hour MA

The EURJPY has been moving lower in trading today in reaction to the weakness in the EURUSD mainly. 


Technically, the pair fell to...

Falls below intraday MA and scooted lower

Was it a break of MAs or some flows from the London 4 PM fixing?

Who knows, but going into the fixing, the price of the USDCHF saw...

Gets back above the 100 bar MA

The intraday look at the EURUSD made a little turn the upside. 


Looking at the 5-minute chart, after a couple tests of the 100 bar MA in the NY morning trading (blue...

A snapshot of the markets as London/European traders day comes into the close

The European major stock indices are ending the session with mixed results. A summary is showing:

  • German DAX up...

It is hard to pick a top, but....

It is hard to pick a top in a US stock market that is up 4-5% in the first few months of the year.

However, if you look at the hourly...

The high got close to 1.2300 yesterday. Backing off today.

The EURUSD last week broke to levels not seen since the end of 2014.  In the process, the price moved above the...


!--[if !excel]  ![endif]--!--The following information was generated by Microsoft Excel's Publish as Web Page wizard.--!--If the same item is republished from Excel, all information between the...

!--[if !excel]  ![endif]--!--The following information was generated by Microsoft Excel's Publish as Web Page wizard.--!--If the same item is republished from Excel, all information between the...

!--[if !excel]  ![endif]--!--The following information was generated by Microsoft Excel's Publish as Web Page wizard.--!--If the same item is republished from Excel, all information between the...

!--[if !excel]  ![endif]--!--The following information was generated by Microsoft Excel's Publish as Web Page wizard.--!--If the same item is republished from Excel, all information between the...

!--[if !excel]  ![endif]--!--The following information was generated by Microsoft Excel's Publish as Web Page wizard.--!--If the same item is republished from Excel, all information between the...

!--[if !excel]  ![endif]--!--The following information was generated by Microsoft Excel's Publish as Web Page wizard.--!--If the same item is republished from Excel, all information between the...

!--[if !excel]  ![endif]--!--The following information was generated by Microsoft Excel's Publish as Web Page wizard.--!--If the same item is republished from Excel, all information between the...

!--[if !excel]  ![endif]--!--The following information was generated by Microsoft Excel's Publish as Web Page wizard.--!--If the same item is republished from Excel, all information between the...

USD/JPY hits a fresh session low

USD/JPY can't even catch a break on a holiday. This is the fifth day in a row of losses for the struggling US dollar against the yen.

The drop today cut through the...


!--[if !excel]  ![endif]--!--The following information was generated by Microsoft Excel's Publish as Web Page wizard.--!--If the same item is republished from Excel, all information between the...