BTCUSD is in the middel of the presented regression channel and traders seem to be waiting for the next move.

See also
Bitcoin traders are battling it out in the short term. Find out why in this video.
https://www.forexlive.com/Cryptocurrency/bitcin-traders-are-battling-it-out-in-the-short-term-20220804/

ETHUSD technical analysis @ 1663.27 on 05 Aug. Will the bull flag be broken to the upside?
-frxYQ

Major US indices open mixed. NASDAQ up. S&P near unchanged
Dow industrial average marginally lower. https://www.forexlive.com/news/major-us-indices-open-mixed-nasdaq-up-sp-near-unchanged-20220804/

Russell 2000 broke up the bull flag and showing some resting, probably temporarily.

Also see Nasdaq related news at Forexlive as USD slides, oil falls to the worst since Feb 2
https://www.forexlive.com/news/forexlive-americas-fx-news-wrap-usd-slides-oil-falls-to-the-worst-since-feb-2-20220804/

Other technical analysis from ForexLive https://www.forexlive.com/technical-analysis

Etheruem technical analysis follow up to https://www.forexlive.com/technical-analysis/profitable-ethereum-short-position-ethusd-technical-analysis-snapshot-20220802/

And previously to the trade idea provided in the 1st technical analysis for ETHUSD on https://www.forexlive.com/technical-analysis/ethereum-technical-analysis-20220731/

The price of bitcoin has been consolidating near low levels and maintains a negative bias on the daily chart. However, there is some ambiguity from a short term perspective for the pair.

In this video, I breakdown the battle that is going on and explain the risks and bias from a technical perspective..

The USDJPY finds sellers near the 200 hour MA and USDCHF cracks back below the 100 day MA and tests 200 hour MA below

The morning video looks at the EURUSD, USDJPY, GBPUSD and USDCAD

A look at a number of currency pairs in this morning video including the EURUSD, USDJPY, GBPUSD, USDCHF, USDCAD and the AUDUSD. What levels are in play? Watch and find out.

A followup to the technical analysis on Ethereum and its short trade idea from 2 agao go, provided here: –nI

Now that etheruem is at $1560, the trade is successful, but the stop loss of the ETHUSD short trade is too far. What should be done? Lower the entrance stop to prevent loss? Or abandon the trade? Or partial profit, and how much?

The AUDUSD has been rebounding since the low on July 14 and has moved up to test the 38.2% of the 2022 range on the daily chart.  

The hourly chart has shown some up and down volatility of late but some bullish buying tendencies.

The 5-minute correction today held the 50% but is stalling at a ceiling for the day. 

What does the combined story – and drill down – tell us about the pair’s bias and risk levels along with key targets ahead?

The EURUSD moved higher into the London morning session but backed off after reaching the top end of the recent up and down price action (once again). Still waiting for a break.

The USDJPY moved to a new low and in the process inched closer to a key cluster of support on the daily chart. Sellers in control.

The GBPUSD moved to a new high and left some short term support floors on the downside.

See the full technical analysis at https://www.forexlive.com/technical-analysis/usdjpy-technical-analysis-with-video-explanation/

Some say the most significant component of technical analysis is price movement.

ETHUSD hasn’t closed a daily candle around $1700 in 3 days. This indicates a lack of bullish momentum to drive Ethereum to a new price level.

Technically, ETH is a bear flag. Bear flags continue downtrends. Bear flags have a strong downward move followed by an upward consolidation channel. ETHUSD looks to be in a channel, even without a bear channel, after touching its upper band. Previously lucrative Longs may take partial or full profit, and fresh bears may begin short positions.

The Ethereum technical analysis video illustrates the 14-day RSI and simple moving average, and we search for an approaching crossing. RSI shows market strength and weakness. Many traders use it to spot price momentum changes

The US core PCE data was a bit stronger than expected and that has pushed the USD higher in early NY trading after moves lower earlier in the day. The core PCE is a favored inflation figure used by the Fed.  The US stocks are mixed in pre-market trading.

The USD GDP came in negative which put the US in a technical recession.  How has it impacted the currency markets.  In this video, I take a look at the EURUSD, USDJPY, GBPUSD and the USDCHF from a technical perspective and traders react to the data today and the FOMC decision yesterday.

The FOMC decision will be announced at 2 PM ET with expectations for a 75 basis point hike (see Adam’s preview HERE)..

Rate decision days can be a long drawn out affair between the rate decision and the press conference that lasts an hour. That time and running headlines can cause additional market volatility. Traders have to decide if they want to take on that additional risk.

Those that do, need to fully understand the bias defining levels that would tilt the momentum in the direction of the bulls or bears and use those levels to their advantage.

In this video, I outlines the key levels in play for the EURUSD, USDJPY and GBPUSD — the 3 major currency pairs vs the USD.  Traders can use them to define and limit risk as well as fully understand the bias that is controlling the

Yesterday, Google reported earnings. GOOG’s 3% after-hours gain after the results report reinforces the view that its 32.5 percent drop from its all-time high (in January 2021) to its most recent low (in May 2022) may be adequate.

This may mean good companies have changed enough and bad ones need to shrink.

The video presents a technical analysis of the Google stock, with a weekly Anchored VWAP from the COVID collapse bottom. VWAP considers price and volume and tends to act as resistance and support for the stock price.

Also, a daily technical analysis of Google stock uses regression channels to suggest buy/sell spots.

Google stock analysis & trade idea after earnings: https://www.forexlive.com/technical-analysis/google-stock-analysis-trade-idea-after-earnings/

Signs of an economic slowdown are here but what will move markets on the FOMC decision are signs of a slowdown in the pace of rate hikes.
The market can get laser-focused on the small difference between 75 basis points and 100 basis points but what ultimately matters is the terminal destination of rates. Don’t look for the Fed to say anything explicit, like that they see a peak in inflation. The Fed is missing its mandate on price stability badly with inflation at 9.1% y/y and the failure to foresee rising prices or act quickly enough has left it wounded politically. What happens when Fed officials see evidence of rapidly-slowing growth? We may be about to find out. In all likelihood, it means they shift to a slower pace of rate hikes or more of a wait-and-see mode.
LET’S CONNECT!

In bitcoin, the most active digital currency, traders ask me if they follow technical tools like the ones I use in analyzing currencies, stocks, bonds, and commodities.

The answer is …..YES.

Traders like to define and limit risk and certain technical tools do just that no matter the instrument.

IN this video, I look at the price action of bitcoin on the daily and hourly chart and show how traders can and did, use technicals that led to some big dollar moves in the digital currency

The USD is stronger to start the day. How has that impacted the technical picture for the EURUSD, USDJPY, GBPUSD, AUDUSD and USDCAD

In this video, I look at a random pair – the CADJPY – and outline what technical levels have contributed to the downs and ups for the pair.

You have the opportunity to find those levels in all your charts and learn how to define and limit your risk and have the potential to benefit from that work.

To kickstart the NY session, what has the price action in the EURUSD, USDJPY, GBPUSD and USDCAD showed us so far in the day.  What levels are in play.

Asia follows Wall Street’s bearish lead from Friday. Slow growth and tighter regulations affect markets.

Today’s losses on the Australian stock market extend yesterday’s. The S&P/ASX 200 fell below 6,800 on Friday.

After Snapchat’s (SNAP) dismal results and stock price drop last week, investors wonder if this is a sign of bigger economic concerns. Alphabet, Apple, Intel, Microsoft, and Meta will report earnings this week.

Oil fell in Asia Monday on concerns a Fed rate hike will reduce demand.

Bitcoin -3.4%, $21827; ETH -5.3%, $1513; BNB -2.5%, $254.8 S&P futures are down 0.22 percent this morning due to Asian markets.

Technical Analysis: This S&P futures video forecasts today’s stock market. This is just one viewpoint; do your own research and trade the stock market at your own

In this video, Greg Michalowski of Forexlive.co;m, takes a look at the technical driving the forex markets for the week starting July 25,2022

We follow up on the trade idea shown here:
https://www.forexlive.com/technical-analysis/a-bitcoin-technical-analysis-with-a-bearish-measured-move-20220721/

And how to manage a profitable trade by adjusting a stop in order to break even within a worse case scanrio. We do that by exiting one third of the position at a new take profit target. We show the principle of calculating that.

Furthermore, Bitcoin is cooling off after faking out a breakout at the top of th presented channel, so the bears have gained control for the short term, at least. Watch how price reacts at the upcoming 20 EMA of the daily, as shown within the video.

See the full technical analysis and trade idea followup:

Marrying technicals vs fundamentals from Bank of America in the USDCAD

What technicals are moving the major currency pairs today

IN this video, I extend the short term EURUSD analysis to incorporate a view from the daily chart and ask "What if?". I hope you find it interesting.

Leaning is a key way traders enter trades, and more importantly exit trades with risk defined and limited. What does that mean.
Let me show you in the this video using the AUDUSD as my guide.

The ECB rate decision has pushed the EURUSD higher. WHat is in play for that pair and what about the GBPUSD and the USDJPY too