Articles by Greg Michalowski

Break below will have traders looking back toward 0.9938.
The USDCHF has drifted lower and tests the 200 hour MA at 0.9976. A move below (and staying below) will have traders looking toward the 0.9938 area, where there are a number of swing levels.&nbs…

The post Forex technical analysis: USDCHF tests 200 hour MA appeared first on Forex news forex trade.

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100/200 hour MA. 50% retracement.  100 bar MA on 4-hour chart all ahead
Earlier the GBPUSD had moved above its 100 day MA but stayed underwraps by a swing area in the 1.3110-25 area ().
The post Forex technical analysis: GBPUSD gets the push highe…

The post Forex technical analysis: GBPUSD gets the push higher. Cluster of MAs ahead. appeared first on fastforexprofit.com, الفوركس بالنسبة لك.

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Highest since January 2016
The USDCAD dipped (higher CAD) on the news but only about 8 pips (from 1.2776 to 1.2768). The price is currently trading at 1.2772. The survey can have it’s share of ups and downs, but the rise and good news. Employment in Ca…

The post Canada Ivey PMI 63.8 vs 59.6 last month appeared first on Forex news forex trade.

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USD is mixed/ranges limited
As far as the price action as North American traders enter for the day, the AUD is the strongest while the EUR is the weakest. The USD is mixed with the greenback up the most vs. the EUR in the morning snapshot (+0.20%).&nbs…

The post The AUD is the strongest and the EUR is the weakest as the week starts for NA appeared first on Forex news forex trade.

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USD buying helps the rebound
The USDCAD fell after the better than expected Canada jobs data (35.3K vs 15K and full time employment leads) and weaker earnings in the US. However, the rebound in the USD as the morning trading progresses has led to a reb…

The post Forex technical analysis: USDCAD corrects 50% of the day’s range. appeared first on Forex news forex trade.

The post Forex technical analysis: USDCAD corrects 50% of the day’s range. appeared first on fastforexprofit.com, الفوركس بالنسبة لك.

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Majors indices close well off day lows
The US major indices are ending little changed/higher.  The indices are well off lows for the day.
Apple earnings is the big release after the close.  Apple’s shares traded at $168.11 at the close up 0.7…

The post Dow has a record close. S&P up marginally. Nasdaq near unchanged. appeared first on Forex news forex trade.

The post Dow has a record close. S&P up marginally. Nasdaq near unchanged. appeared first on fastforexprofit.com, الفوركس بالنسبة لك.

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Big move down but stalls at key support.
The GBPCAD has moved sharply to the downside today. The pair is down 1.79% currently. The low reached 1.6713. The pair trades at 1.6729 currently.
The post Forex technical analysis: GBPCAD tests a key support le…

The post Forex technical analysis: GBPCAD tests a key support level. Buyers leaning. appeared first on fastforexprofit.com, الفوركس بالنسبة لك.

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