TECHNICAL ANALYSIS

No more buying dollars as London traders leave


New lows for EUR, JPY, CHF, AUD, NZD him

There is a bit more buying of dollars as the London traders come out. The EUR, JPY, CHF, AUD and NZD all just moved to new session lows against the greenback. The USDCAD retreated after quickly falling below the 100-hour moving average and failing. GBPUSD reluctantly drops, but trades at North American session lows.

EURUSD. EURUSD has moved down to a low of 1.1786 and looks to its rising 100 hour moving average at 1.17753. Price has not traded below its 100 hour moving average since July 20

GBPUSD: GBPUSD returned below Monday’s low at 1.31046 and also below a broken trendline just above that level.

New lows for EUR, JPY, CHF, AUD, NZD lui_

USDJPY: The USDJPY broke through its 200 hour moving average at 105.829 and the 50% retracement of the decline from the July 20 high at 105.85 3. The price is trading as high as 105.989. Stay above the 200 hour moving average in the Buyers Tilt.

USDCHF: USDCHF peaks above an uptrend line on the hourly chart AND the 38.2% retracement of the week’s trading range. These two levels are around the 0.9122 level. On top of the 100 hour moving average at 0.91456 currently (and going down). The price has not traded above its 100 hour moving average since July 17th.

USDCHFF

AUDUSD: AUDUSD is lower testing its 200 hour moving average and 50% retracement from last Friday low of 0.7143-449. Remember yesterday, the price bounced off its 200 hour moving average (to a lower level).

AUDUSD

NZDUSD: The NZDUSD is testing a lower trendline from July 14th. Price is also below the 38.2% retracement of the upward movement from the July 14 low at 0.66336.

NZDUSD

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