Technical Analysis

Stalled at the 61.8% and swing highs.   The GBPUSDs ups and downs continue as the EU Summit progresses. The most recent run higher took the price to the the swing areas at 1.31154 to 1.31209. The high price reached 1.31192, stalled and the price moved back down. Earlier in the NY session, the price fell
Technically speaking They suggest: Selling the pair on a small rally to 126.20  Target at 123.65 and  Stop at 126.90.  What is may take? From my technical perspective, I like the sell, and the highs from today were a decent level to do that.  Looking at the hourly chart above, the highs today (and yesterday)
Down -$0.42 or -0.65% The price of crude oil is settling at $63.98. That is down $.42 or -0.65%. The high reached $64.79 today. The low extended to $63.68. Technically, looking at the hourly chart below, the highs today found sellers near a topside trend line connecting highs from March 26, April 2 and April
Intraday support also keeps the track to the upside The AUDUSD is back up testing the ceiling area in the 0.7128-309 area (see yellow area in the chart below). That area is home to swing highs from last week’s trading.  As outlined in an earlier post, on the 5-minute intraday chart, the price moved above
Up down since the morning employment reports The US was not the only country to report unemployment statistics.  In Canada, after string of 6 months of employment gains and two months where gains were an oversized 66.8K and 55.9k (in November the gain was 78.4K as well), the jobs numbers showed a decline of -7.2K