Category Archive: 4) FX Trends

Main Author Marc Chandler
Marc Chandler
He has been covering the global capital markets in one fashion or another for more than 30 years, working at economic consulting firms and global investment banks. After 14 years as the global head of currency strategy for Brown Brothers Harriman, Chandler joined Bannockburn Global Forex, as a managing partner and chief markets strategist as of October 1, 2018.

Week Ahead: War and More War

The Middle East war changes everything. And President Trump's demand for an unconditional surrender makes a near-term off-ramp more difficult to envision. Moreover, the impact ripples through a wide swath the global economy. Food is very oil and gas intensive, taking into account transportation, fertilizer, and pesticides. Worker remittances are important to many developing nations …

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EURUSD Technicals: The EURUSD is closing just below the 100 hour MA. Key barometer into new week.

The EURUSD moved lower early in the US session but did fins support buyers near a swing area between 1.15422 and 1.15549. The low price bottomed off the level and bounced to the 100 hour MA where the price is settling into the weekend. That MA will be the barometer for buyers and sellers in the new week.

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GBPUSD rebounds off trendline support but key resistance levels loom

GBPUSD held support at an upward-sloping trendline on the hourly chart earlier today and then pushed higher, breaking above the 100-hour moving average and holding above it into the New York afternoon session. That move gives buyers something to build on in the near term. However, there is still work to be done to strengthen the bullish bias. The next upside hurdles include the 100-day moving average at 1.3395, followed by the falling 200-hour...

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USDJPY buyers defend key support as pair eyes break above 158.08

USDJPY is trading higher on the day despite weaker U.S. jobs data. The move has been supported by favorable technicals, with the low for the day holding near the rising 100-hour moving average at 157.45, which also aligns with an upward-sloping trendline at roughly the same level. With the price currently above those supports, buyers retain the near-term control. A move back below that support zone would give sellers a foothold and could open the...

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USDCAD Technicals: USDCAD breaks lower as oil surge weighs on the pair

USDCAD is breaking lower as oil prices surge more than 12% on the day, adding pressure to the pair alongside a weaker U.S. dollar following the softer jobs report. The decline has pushed the price below the key trading range between 1.3624 and 1.3724, triggering further selling momentum. With that break, the pair has moved through additional swing levels at 1.3603 and 1.3593 and is now targeting the next downside level near 1.3575. For the bias to...

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AUDUSD Technicals: AUDUSD based at a floor near 0.6972 but has work to do . What next technically

The AUDUSD bias remains tilted to the downside, but support near 0.6972–0.6985 has stalled the decline over the last three trading days, with those lows holding above Tuesday’s weekly low at 0.6945. A break below 0.6972 would likely open the door for further downside momentum. On the topside, the 100-hour moving average near 0.7040 has capped rallies on Thursday and Friday. Moving above and holding that level would target the 200-hour moving...

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NZDUSD Teechnicals: The NZDUSD is trading near 100 hour MA. That will be the barometer going forward

The NZDUSD is rallying off the low for the week after sellers had their shot below a lower channel trend line. The price is bouncing higher and testing the 100 hour MA in to the close. That will be the key barometer going into the new trading week.

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The USD moved lower but has since bounce back after the weaker than expected jobs report

What are the technicals telling traders now? A technical look at the EURUSD, USDJPY, GBPUSD, USDCHF and USDCAD. Get on track with the key technical levels in play.

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US Non-farm Payroll takes center stage. What are the technicals telling traders?

IN the video, I take a look at the EURUSD, USDJPY and GBPUSD from a technical perspective ahead of the Non-farm payroll, Retail sales, Fed speak and war headlines.

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War Continues to Roil the Markets

The war continues to disrupt the global capital markets. The US dollar remains firm though mostly within the ranges seen in recent days. It is threatening to break higher against the Japanese yen, where the JPY158 level is coming under pressure. Still, the yen, despite Japan’s reliance on imported oil and refined products is the …

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NZDUSD finding support against a familiar channel trend line

An old channel trend line broken earlier this week, is revisited and hold this time.

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USDCHF Technical Analysis: “Swissie” grinds within tight 40-Pip range

US Dollar bulls face a critical test at the 50% Fibonacci retracement level.

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Market Update: Gold reverses gains amid central-bank selling chatter

Poland's Central bank is considering selling gold to pay for defense spending

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The USD is higher to start the North American session

What key levels are in play for the 3 major currency pairs - the EURUSD, USDJPY and GBPUSD.

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War-Driven Markets

The Gulf War continues rage. China has reportedly told top oil refiners to suspend exports of diesel and gasoline. The disruption is beginning to impact shipments of fertilizer, chemicals, aluminum, as well as natural gas and oil fuels. In the next few days, several countries will reportedly run out of storage capacity and will have …

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USDJPY retains the bullish bias as traders pare back Fed rate cut bets; BoJ lacks support

#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. ---------------------------------------------------------------------- Topics covered in the video: 0:00 Fundamental Overview 1:24 Technical Analysis with Optimal Entries 2:30 Upcoming Catalysts...

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Bitcoin racing higher as it follows the technical clues

Risk-on buying in Bitcoin, push the price sharply higher.

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NZDUSD higher on the day and testing topside resistance targets

The NZDUSD has resistance at a swing area between 0.5927 and 0.59355 and the falling 100 hour MA at 0.5944.

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AUDUSD Analysis: Risk appetite returns as AUDUSD test major moving average cluster

Technical Pivot: After a failed break of the 200 bar moving average on the 4 hour chart, can the buyers in the AUDUSD get through a moving average cluster at 0.7078 area

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USDJPY Price Analysis: Yen gains as pair tests critical 100-hour moving average

Technical Breakdown: Can support at 156.87 hold, or is a drop to 156.17 next?

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