The USD is moving higher against major currencies. What did that do to the technical aspects?

The USD is moving higher and in doing so, shifts the technical bias more towards the buyers. In this video I look at five of the major currency pairs including EURUSD, USDJPY, GBPUSD, USDCHF and USDCAD.

EURUSD: EURUSD is now below its 100 hour moving average at 1.0695 but is finding some support buying near its 200 hour moving average at 1.06715. These levels will dictate the pair’s barometer going forward, with sellers playing a game.

USDJPY: The USDJPY continues its upward march. In a trending market like USDJPY, it is wise not to try to pick the top but to let the market tell you, from a technical standpoint, when a top might be in place. I describe what would give sellers a victory against buyers. Absent this, buyers are in firm control (and the trend may continue)

GBPUSD: GBPUSD has fallen like EURUSD and is down at a 100-day moving average of 1.2442 and a 200-hour moving average of 1.2436. Going below these levels is necessary to increase the downtrend.

USDCHF: USDCHF is moving higher and in doing so, is approaching the ceiling zone between 0.9146 and 0.9156. This area has blocked gatherings for the past month. Moreover, on the breaks, the momentum ran out of steam very quickly. The price must therefore reach and stay above this level to increase the bullish bias.

USDCAD: USDCAD is rebounding and in doing so, moving above its 100-day moving average, and its 100-hour moving average on the 4-hour chart is near 1.3682 – 1.3686. Stay at -above these levels would give more confidence to buyers. Earlier today, USDCAD hit its lowest level since April 10 and below a swing zone between 1.3654 and 1.3668.