Technical Analysis

Major indices are now positive The major stock indices have turned positive after the FOMC meeting minutes. The S&P is up 4.33 points or 0.15% at 2747.92 The NASDAQ is a 14.7 points or 0.2% 7306 The Dow industrial average is up 49 points or 0.11% 25415 for the NASDAQ index the price after trading
Seller tries to take control The USDCAD has moved to a support area on the 4-hour chart.  The area is defined by a trend line off swing lows from this week AND swing highs and low (see red circles) going back to earlier in November.   Helping to keep the sellers engaged is that at the
Down $.07 or -0.14% The price of crude oil futures tried to get below the $50 level for the third day in a row, but fell short. Today’s low reached $50.30. The low yesterday reached $50.10. The low on Friday reached $50.15.   The price rebounded off the low and settled today at $51.56. The high
Move above and stay above would be more bullish The GBPJPY is trending higher today. You can see that clearly on the 5-minute chart. The price opened above its 100 bar MA (blue line), corrected toward the line in the early Asia-Pacific session and has remained above that MA line, and a slightly higher trend