Category Archive: 4.) Forex Live

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AUDUSD trades to the lowest level since November and below a key swing area

2023-05-25

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The AUDUSD is making a break lower in trading today on the daily chart with the price entering the low extreme area from 2022 below 0.65448 to 0.65847.  Stay below 0.65448 keeps the sellers in firm control.

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The USD moves higher and the USDJPY and GBPUSD are breaking key areas.

2023-05-25

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Can the momentum continue? The USD is moving higher and the USDJPY and GBPUSD are breaking key areas. There is chatter about a debt deal possible today. Initial jobless claims and GDP were better.  Stocks are higher thanks to Nvidia. The market is starting to price in a hike in June.  All are helping the dollar move higher. The question is can the momentum continue?

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EURUSD moves below a key floor. Old floor is now the ceiling.

2023-05-25

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The EURUSD closed near a floor level on the daily chart near 1.0750. In trading today, that level was breached with momentum. What was once the floor is now the ceiling. Stay below is more bearish.

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USDJPY buyers in control. Watch to understand why and what would hurt that bias today

2023-05-24

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The buyers are holding support on the hourly and daily chart with work to do. What would keep that bias in the favor of the USDJPY? What are the targets and why?  Learn about it by watching this video on the USDJPY.

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EURUSD sellers had their shot. Buyers had their shot. Both are bad shots so far.

2023-05-24

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Sellers tried to push the EURUSD to new lows and below a floor and key swing area but failed. The snapback rally the price back to the falling 100-hour moving average. That, along with the 100-day moving average of 1.0813 and the following 200-hour moving average of 1.08274 are tires that would need to be broken to increase the bullish bias from a technical perspective in the short term at least.   For now, sellers are in more control, but there is...

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AUDUSD heads into the new trading day near lows from last week

2023-05-23

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The AUDUSD is looking to end the day near lows.  Stocks moved lower. The USD moved higher.  Risk off flows?  Maybe a little.  In this video, I talk about the technicals that are dominating the price action in the pair. The 100-hour MA has seen price action above and below over the last 3 trading days, but the price is back below and moving away (bearish). The higher 200-hour MA has not been broken to the topside since May 11. It would take a move...

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USDJPY makes new highs for the year, but momentum slowsLive Video

2023-05-23

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The USDJPY moved to a new high going back to November 2022 in trading today, but could not maintain momentum. The price is rotated back to the downside ahead of the US stock market open.  Technically, failure to extend hire is a disappointment, but if the price can remain above 138.139 on the daily chart, that would keep the buyers and control. Watch that level in trading today for short and long term-term clues.

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EURUSD stretches toward the low from last week and away from 100 day MA. What next?

2023-05-23

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Join us as we delve into the EURUSD's current price action and uncover its potential for a downside move. The pair is currently approaching the low from last week, indicating a significant level to watch. A breakthrough below this level, along with the 1.0750 support level from the daily chart, could pave the way for further downside momentum. Traders will closely monitor whether the pair can sustainably stay below its 100-day moving average at...

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The table is set for the buyers and sellers in the USDCAD. Traders await the next shove.

2023-05-22

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Join us as we analyze the USDCAD's trading session on Victoria Day, a national holiday in Canada. Despite the subdued price action, important resistance and support areas have emerged, setting the stage for potential momentum in the coming days. The resistance area lies between 1.3517 and 1.35266, while the support area is defined by the 50% midpoint and a cluster of moving averages, including the 100-hour moving average at 1.3486, the 200-hour...

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USDCHF settle between 100/200 hour MA after sharp up and down trading day

2023-05-22

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Join us as we unravel the ongoing battle between buyers and sellers in the USDCHF pair amidst a volatile trading session. The pair has been navigating through key technical levels, showcasing a fascinating tug-of-war between bullish and bearish forces. After finding support at the 50% midpoint, the price has witnessed a push higher, challenging resistance levels on the topside. Notably, the pair has tested the 200-hour moving average above, along...

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GBPUSD sellers try to take more control in up and down day

2023-05-22

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Dive into the latest GBPUSD analysis and discover a recurring pattern that spells opportunity for sellers. The failed attempts to surpass the 100-hour moving average (MA) have tilted the balance in favour of sellers, as long as the price remains below this critical MA level. Additionally, the 4-hour chart unveils a significant test of the key 200-bar MA during Friday's upward move, where eager sellers emerged. Keep a close watch on this MA level...

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USDJPY buyers make a play again. Can the buyers keep the control?

2023-05-22

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Witness the USDJPY buyers in action as Fed's Bullard adopts a more hawkish stance, driving the price higher. In this captivating video, explore the swing areas on both the 4-hour and daily charts that indicate buyer strength. Keep an eye on the key resistance level at 138.74, which marks the high from last week. If the buyers manage to stay above the swing area support, their target becomes the 50% Fibonacci retracement level from the 2022 high to...

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Technical Analysis and Trade Idea for TSLA Bulls (using Fib entry)

2023-05-21

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🔍 Uncover Tesla's stock price forecast for 2023 through a comprehensive technical analysis! 📈 Explore a unique Fibonacci entry method that optimizes trade entry points. 💡 Discover potential accumulation opportunities and effective risk management strategies for traders. For additional perspectives, visit Forex Live! Don't miss out on this insightful analysis and trade idea! #TeslaStockForecast #TechnicalAnalysis #FibonacciMethod

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What levels are in play for the GBPUSD and why through the Fed Chair speech

2023-05-19

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In this insightful video, we examine the recent price action of GBPUSD, focusing on its retracement higher and subsequent rejection at the 100-hour moving average. Sellers stepped in at the critical level, driving the price back below a significant swing area. By staying below this level, sellers maintain their dominance in the market. We also discuss the importance of the 100-hour moving average as a conservative stop level for sellers...

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GBPUSD continues move lower. What would ruin the trend move now?

2023-05-18

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Join us in this comprehensive video analysis as we delve into the current trend of GBPUSD, which is exhibiting a downward trajectory. We explore the key factors that could potentially disrupt or invalidate this bearish move. By breaking down the technical aspects driving the market, we provide valuable insights into the bias, risks, and targets for GBPUSD. Stay informed and gain a deeper understanding of the GBPUSD market dynamics by watching this...

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AUDUSD moves to new session low and new low for May 2023

2023-05-18

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The AUDUSD has been stepping lower since peaking last week. The corrective moves higher have been finding willing sellers against the falling 100 hour moving average. That has kept the sellers more in control. In trading yesterday and again today the price moved up toward that moving average and found sellers giving them the go-ahead to take the price lower from a technical perspective. The low price just extended below the early May low but only...

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GBPUSD stayed below a key hourly MA today and that gave sellers the go-ahead to push lower

2023-05-18

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The GBPUSD moved below the 100 hour moving average late in the day yesterday after a break above a failed. In trading today in the Asian session, the high found the sellers against that moving average, and it gave the sellers the go-ahead to push to the downside. That move to the downside has taken the price below the low price from yesterday near 1.2421 and also below an old swing area on the daily chart between 1.24228 and 1.2447. If the sellers...

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The USDJPY breaks to the upside after Fed Logan comments

2023-05-18

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The USDJPY is trading and breaking to the upside after Fed's Logan said that the data does not support a pause in June. The move to the upside has taken the price away from its 200-day moving average and above a swing area between 137.499 and 138.139. The price is also above the May 1 high at 137.75 and the early March high at 137.91. Those levels are now close risk for the pair.

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EURUSD falls below KEY support targets. What next?

2023-05-18

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The EURUSD is breaking to the downside and in the process is falling below its key 100 day moving average currently at 1.0805. The 50% midpoint of the move up from the March 15 low is also at that level increasing its importance. As always a price remains below the 1.0805 level the sellers remain in control and the doors open for further downside momentum.

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USDCAD moves below series of MAs today with one more to go

2023-05-17

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Join us as we analyze the recent price action of USD/CAD in this insightful video. Witness the back-and-forth movement of the pair, including today's trading session. Although the price has dipped below key moving averages such as the 100-day MA, 100-hour MA, and 200-day MA, it has found support from buyers at the 200-hour MA. The question arises: Will this last moving average be broken? Higher oil prices, up approximately $2 on the day,...

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