A technical look at the key levels in play through the key FOMC rate decision.

What next for this pair as the FOMC rate decision looms?

There is some profit taking of the run higher yesterday ahead of the Fed rate decision

What is the next key target area for the pair? In this video, I answer the questions in this video..

What are the key technical levels that will drive the major currency pairs going into the key FOMC rate decision?

The FOMC rate decision looms at 2:00 PM ET tomorrow and the USD is making a break for it to the upside. What are the charts telling us now?

The 50% midpoint of the price action this month comes in at 0.65028. The price of the AUDUSD is trading within a few pips of that level today.

Traders today will watch the 38.2% retracement of the move down from the April high at 1.37134 support

The swing area between 0.91469 and 0.9156 continues to stall rallies in the USDCHF effects they go.

The USD is higher after the US employment cost index came in stronger. What are the technicals telling us now?

#usdjpy #forex #technicalanalysis

In this video you will learn about the latest fundamental developments for the USDJPY pair. You will also find technical analysis across different timeframes for a better overall outlook on the market.

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Topics covered in the video:

0:00 Fundamental Outlook.
1:26 Technical Analysis with Optimal Entries.
3:03 Upcoming Economic Data.

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Website: https://www.forexlive.com/
Twitter: https://twitter.com/ForexLive
Facebook: https://www.facebook.com/forexlive/
Telegram: https://t.me/forexlive

#trading #daytrading #fundamentalanalysis

The swing area between 1.0722 to 1.07327 are topside targets

The 50% of the April trading range stailed the rallies last week. Today, there has been a break but the price has traded above and below the MA as well. Can the buyers keep the momentum going?

The stall at the 100-day MA gives the sellers some hope that a corrective move lower is possible in the AUDUSD.

The 50% midpoint comes in at 1.3661. The 100 hour MA at 1.36718 is resistance. On the downside, the 1.3631 is support followed by 1.3604 to 1.3621.

The 38.2% of the April trading ranges comes in at 0.90953. The ceiling comes in at 0.9145 to 0.9156.

The BOJ intervention in the USDJPY is the major story today in the 3 major currencies

#gold #xauusd #technicalanalysis

In this video you will learn about the latest fundamental developments for Gold. You will also find technical analysis across different timeframes for a better overall outlook on the market.

———————————————————————-

Topics covered in the video:

0:00 Fundamental Outlook.
0:55 Technical Analysis with Optimal Entries.
2:19 Upcoming Economic Data.

———————————————————————-

Website: https://www.forexlive.com/
Twitter: https://twitter.com/ForexLive
Facebook: https://www.facebook.com/forexlive/
Telegram: https://t.me/forexlive

#trading #futures #commodities

The yen is in a terrible spot at the moment. It’s hitting fresh 34-year lows daily, including a 200 pip move on Friday. Adam Button from ForexLive spoke with BNNBloomberg about the outlook for the yen and the US dollar.
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The price moves lower into trend line and swing area support.

In this video, I take an updated look at the EURUSD, USDJPY, GBPUSD, USDCHF and USDCAD and update the technical views given the move higher in the USD.

The support near the 0.9095 technical levels stalls the fall. The price is back near highs.

The US CPE data was less fearful than expectations. What did the data do to the value of the dollar? In this video, I take a look at three of the major currency pairs from a technical perspective. Watch and learn.

The 50% of the April trading range is being tested at 1.36612

The volatile move to the upside in the dollar after the US GDP, has reversed course after holding support against it broken 38.2% retracement of the April trading range. The corrective move has also stalled against the 50% of the same range.

High CPI in Australia supported the AUD, but higher PCE inflation in the US rotates the pair back lower today

What next for the EURUSD pair? Find out in this video.

The 0.9152 high from yesterday was broken but the high could only reach 0.91558.

The US dollar has moved higher after the US GDP report with lower growth and higher inflation