Technical Analysis

First time back above 200 hour moving average cents September 20 The EURUSD has now broken and closed an hourly bar above its 200 hour moving average at 1.09553.  The pair also moved above its 38.2% retracement at 1.09537.     Looking at the 5 minute chart below, the 1st look at the moving average, stalled the rally and the price modestly
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Below 100 hour MA and trend line keeps the sellers more in control The EURJPY is lower on the day and over the last 14 or so hours, has been chopping above and below lows from Thursday, Friday and Monday (between 117.44 and 117.535).  The current price is in that “yellow area”.   Can the price
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Not a good day for the major stock indices The major US stock indices were spooked by weaker than expected ISM manufacturing data . Shortly after the data came out, the major indices turned from being up to being down.   The momentum continued through the day. The final numbers are showing: S&P index, -36.56 points or -1.23% in
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It was good times for the bulls until double top and some weak ISM data The USDJPY reached up to  test the September 18/19 highs at 108.471 in the London and New York morning session. Then the ISM manufacturing data came out much weaker than expected (10 year lows) and the price tumbled lower. Looking at the hourly chart, the trend line was broken
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