LewkP_FX

LewkP_FX

The Nasdaq 100 index is currently showing signs of a bullish trend, which suggests that we may be seeing the beginning of a bull market rather than just a rally in a bear market. In this report, we will analyze the technical indicators and fundamentals that support this trend. The Nasdaq 100 closed above the important long-term trend line of the 200-week moving...

LewkP_FX

The Japanese Yen is currently experiencing a bullish market trend, as indicated by technical indicators such as a CHoCH and confirmation by 4 BMS. The currency is currently trading above key moving averages, and indicators such as RSI and MACD are showing consolidation in the bullish zone. Japan has a large and unique economy, known for its manufacture and export...

LewkP_FX

The USD/JPY pair is currently being analyzed on a 15-minute chart, and the technical analysis suggests that the price is consolidating between the top of the zone (ToZ) and the bottom of the zone (BoZ). This means that the pair is currently trading in a narrow range and is not showing a clear trend. The Relative Strength Index (RSI) is flagging, which means that...

LewkP_FX

The technical analysis of the USD/JPY pair suggests that the price is currently trending downward, with the 50 day moving average crossing below the 200 day moving average. Yesterday, the price did try to cross above the 20 day moving average but failed. This suggests that the overall trend of the pair is bearish. Additionally, the Relative Strength Index (RSI) is...

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The bearish 3 line strike pattern is a bearish reversal pattern that is formed when an uptrend or bullish trend is about to reverse. It is made up of three orange bullish candles, which indicate that the bulls are in control of the market and prices are moving higher. These candles represent a bullish trend, where prices are making higher highs and higher lows....

LewkP_FX

The EURUSD currency pair is currently in a bullish market trend. This is indicated by the 20-day exponential moving average trending upward while the price is making higher highs and respecting previous lows. The relative strength index (RSI) is showing a strong jump above the midline and is diverging in favor of buyers. Additionally, the commodity channel index...

LewkP_FX

Whales swimming south. In summary, the technical indicators and trend lines being discussed in the information provided are pointing towards a bearish market trend. The moving averages, such as the Exponential and Simple Moving Averages, are all indicating a downward trend, with values below the current market price. The RSI is also showing that the market is...

LewkP_FX

The JXY is showing bullish market flow, with the RSI consolidating above the 50 line, the CCI at the bottom of a down stroke, and price making new structure highs. The 20 and 50 DEMA are trending up with price. Volatility increased on Friday due to profit taking and the upcoming Lunar New Year holiday in Asia. Speculators are betting that the Bank of Japan, the...

LewkP_FX

The DXY, or U.S. Dollar Index, is currently trading near the top of the zone it was in before President Biden's election, and is under bearish market flow while the stock market is rising. Technical indicators such as the RSI and CCI are not showing any signs of reversal, and the 50-day moving average has just crossed above the 200-day moving average. The dollar...

LewkP_FX

As an analyst, I am observing that the trend of AU is currently on an upward trajectory, as evidenced by the movement of its 20 day, 50 day, and 200 day exponential moving averages. The relative strength index and the commodity channel index are also showing bullish signals, with the RSI converging with price action and shooting above the 50 line and the CCI...

LewkP_FX

The USDCHF currency pair is currently trending downwards, as indicated by the RSI and the fact that it has broken through key structural points. The RSI is also below the midline and has recently recovered from being oversold. The cci is at its midline and trending upward. The Swiss franc is currently close to its ten-month high against the US dollar, due to a...

LewkP_FX

1/19/2023 From a technical perspective, the USDJPY pair holds a bearish tone on the daily charts, as the upward momentum is fading. This can be seen on the 4 hour chart's RSI which is trending up but still remains under the midline. Additionally, the CCI (Commodity Channel Index) is sitting in the consolidation zone. The recent upthrust from Tuesday...

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The Canadian dollar strengthened to its highest level in nearly two weeks against its U.S. counterpart on Monday as oil prices climbed and investors awaited CPI data this week. The price of oil, one of Canada's major exports, rose as Iranian nuclear talks appeared to hit obstacles and an embargo on Russian oil shipments loomed. U.S. crude CL1! prices were up...

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The Canadian dollar gave back much of its gains on Friday after a significant shift in labor market dynamics. Even with the earlier 75bps interest rate hike by the Bank of Canada (BoC), the narrative quickly shifted back in favor of the U.S. dollar which remains supported by an aggressive Federal Reserve, robust economy and safe-haven demand as recessionary...