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AUDJPY fell off the cliff yesterday after the BoJ intervened in the market to boost the wounded yen. Although the fall triggered some buy orders near 93.

Technical Analysis – GER 40 index slumps to 2022 floor

The German 40 index (cash) unlocked an almost two-year low at 12,347, set on a pace to re-activate its 2022 downtrend below the 12,385 base, which kept the market in a horizontal move over the past six months.

Technical Analysis – USDCAD unlocks fresh 26-month high

USDCAD skyrocketed to a higher high on yesterday’s session at 1.3543, which is a new 26-month peak. The pair looks to be creating a floor above the 1.

Technical Analysis – USDCHF outlook unchanged despite fast rally

USDCHF experienced its most volatile daily session since June 2021 on Thursday, fluctuating vigorously between a low of 0.

Technical Analysis – WTI oil futures hold above 81.00, but broader trend stays bearish

WTI oil futures traded higher on Thursday, after hitting support near 82.35. The black liquid continues to hold above the key barrier of 81.

Technical Analysis – CHFJPY sinks to 2-week low; bullish structure intact

CHFJPY lost almost 2.0% within two hours during Thursday’s European trading hours, plunging to a two-week low of 143.

EURUSD is gaining ground after the sharp selling interest towards a new 20-year low of 0.9806 and questions are rising now about whether the market can sustain the upside move in the coming sessions.

Technical Analysis – GBPJPY swings higher ahead of BoE rate decision

GBPJPY rotated from a flash drop to a two-week low of 161.44 early on Thursday, hoping for a close above the March support trendline at 162.

Technical Analysis – AUDUSD tumbles to new 28-month low

AUDUSD is plummeting for the third straight day towards a fresh 28-month low of 0.6580, remaining within a downward sloping channel since the beginning of June.

Technical Analysis – JP 225 index holds above 200-SMA after two-month low

Japan’s 225 stock index (cash) slid to a new two-month low of 27,196 on Wednesday but encouragingly it erased some losses to climb back above the 200-day simple moving average (SMA) and stay out of the broken bearish channel.

Technical Analysis – ETHUSD plummets despite successful Merge

ETHUSD (Ethereum) has been trending upwards since mid-June when its long-term decline ceased at the 2022 low of 880.

Technical Analysis – NZDUSD slides below 0.5920 as bears stay in charge

NZDUSD slipped below 0.5920 yesterday, a level marked as a support by the low of May 15, 2020. Overall, the pair continues to trade below a tentative downside resistance line drawn from the high of April 5, as well as below all the plotted moving averages.

Technical Analysis – Facebook breaks the lower bound of a range

Facebook has been trading in a sliding mode since September 13, when it broke the key support – now turned into resistance – hurdle of 154, which acted as the lower bound of a sideways range that had been in place since June 10.

GBPJPY is finding strong support at the 200-period simple moving average (SMA) after the spike towards a new two-week low of 162.

Technical Analysis – US 100 index consolidates ahead of FOMC meeting

The US 100 stock index (cash) has been experiencing a steep decline in the short term, which was bolstered by the hotter-than-expected August CPI inflation report.

Technical Analysis – Gold rebounds from 1,660 again but stays in downtrend

Gold spiked up today, after finding support once again near the 1,660 zone yesterday. Although some further recovery may be on the cards, the precious metal remains in a downtrend and this is supported by the fact that it is trading below a downside line drawn from the high of August 10, as well as below all three of the plotted moving averages.

Technical Analysis – EURGBP rally overbought but still supported

EURGBP started the week on the back foot after securing seven consecutive green weeks, with the price gradually retreating from Monday's 19-month high of 0.

Technical Analysis – USDJPY struggles to surpass 145.00; consolidates in short-term

USDJPY is moving sideways below the 24-year high of 144.98 but remains well above the bullish crossover within the 20- and 50-day simple moving averages (SMAs) and the long-term uptrend line.

Technical Analysis – EURAUD meets resistance at cloud top; bullish bias weakens

EURAUD has lost some upward momentum over the last three days as the rebound from August’s five-year trough hit a wall at the top of the Ichimoku cloud.

Amazon’s stock has been experiencing a downside correction in the short term after its latest advance got curbed by the 200-day simple moving average (SMA).

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