GBPUSD corrects higher after 200 hour MA stalled the fall

The 1.23038-1.23292 is a ceiling area now The GBPUSD is moving higher after the 200 hour MA (green line) held support.  The low for the day reached 1.22037.  The pair currently trades at 1.22738 after just reaching a high of 1.2287. On more upside momentum there is a swing area ceiling that starts at 1.23038 and extend up to […]

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It’s the last hour of the day (and week)… Buckle your seat belt

Major indices off the low levels but still down on the day if the last hour of the day- and the week – which means buckle up your seat belt.  Volatility in the last hour has been high. With the weekend approaching, it’s hard to think that we won’t get a continuation of them volatility today. At 3 […]

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US major indices close lower but off the low levels for the day

Prices recover in the last hour of trading The major indices are closing lower but off the low levels for the day. The last hour of trading saw prices move higher. The major indices have moved lower in 3 last 4 trading days The final numbers are showing: The S&P index fell -38.34 points or -1.52% at 2488.56. […]

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US stocks run higher into the close. Major indices close near session highs

Major indice rise by 1.6% to 2.2% The US stocks ran higher into the close with the major indices rising about 0.9% more in the last hour of trading. The final numbers are showing: The S&P index rose 56.09 points or 2.28% at 2526.90 The NASDAQ index rose 126.73 points or 1.72% at 2487.31 The Dow Industrial Average rose 1 and […]

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AUD/USD holds just above 0.6100 but near-term price action remains trapped

AUD/USD keeps higher but unable to break above the 100-hour moving average ForexLive The aussie had a bit of an odd situation in trading yesterday, where it caught a wild bid all the way from 0.6070 to just above 0.6180, likely caused by some liquidity air pockets. But ultimately, the move faded and moved back […]

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