Category Archive: 4.) Forex Live

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EURUSD trades above moving averages giving a modest bullish bias

2023-05-08

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The EURUSD traded up and down last week, with Friday's low stalling at a key "floor" level (the 50% of the move up from April low also stalled the fall).  Today, the price moved above the 100 and 200 hour moving averages and have been able to stay above on 2 separate tests today.  Those moving averages come between 1.1021 and 1.10278. They will be the barometer for trader's bias today (and going forward).  Stay above is more positive....

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S&P 500 e-mini futures technical analysis. Bulls still taking this market to 4200.

2023-05-06

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USDCHF runs higher today and back above hourly MAs

2023-05-05

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The USDCHF moved to the lowest level since January 2021 this week, but found support buyers against state support area from the end of 2020/early 2021. In trading today, the pair got a boost from lower Swiss CPI inflation. That took the price above the 200 hour moving average or support buyers leaned.  The US employment report pushed price to the high for the day, before rotating back to the downside. What next? The 200 hour moving average is...

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USDCAD moves down toward a key support target

2023-05-05

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The USDCAD is moving closer to its 200 day moving average at 1.3440 after a couple days of steady selling in the pair.  Higher oil prices have contributed to the Canadian dollars strength. The price of oil intraday yesterday reached a low of $63.70 yesterday. It is trading above $71 today.   Will buyers come in against the 200 day moving average?

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USDJPY moves up to the 200 hour MA.. and stops

2023-05-05

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The USDJPY has moved higher after the US jobs reports, but found willing sellers near the broken 38.2% of the April to May trading range. The rise also found willing sellers near the 200 hour MA as well.  What now?  I speak to the pair and the options.

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Markets reacting to the central banks and regional bank concerns

2023-05-04

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A technical look at the EURUSD, USDJPY and GBPUSD to start your trading day. The ECB matched the Fed hike of 25 basis points today. Yesterday the USD fell. Today the EUR fell after the hikes.  Go figure.  Concerns about banking is weighing and adding another dimension to the markets.   IN the report this morning, I strip out the fundamentals and focus on technicals on 3 the major currency pairs - the EURUSD, USDJPY and GBPUSD.

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It is time to get ready for the FOMC fireworks. What levels are in play for major pairs.

2023-05-03

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The FOMC will announce a rate decision at 2 PM ET. The rotations are 25 basis points although the regional bank pressure has brought down the expectations a bit ahead of that rate decision.  The question may be how can the Fed execute a dovish hike. IN this report I look at the EURUSD, USDJPY and GBPUSD. The EURUSD moved back above its 100/200 hour MAs tilting the bias more to the upside once again. The USDJPY fell back below its 100 hour MA but...

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Our first impression at Sandton Convention Centre🤩 #fmas #fmas23 #fmevents #financemagnates

2023-05-02

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The RBA surprises with a 25 bp hike. What next for the AUDUSD?

2023-05-02

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The Reserve Bank of Australia increase rates by 25 basis points in a surprise move and that sent the AUDUSD sharply to the upside.  What next for that currency pair as traders next prepare for the FOMC rate decision tomorrow? In the US morning Forex typing report, I also take a look at the technicals driving the EURUSD and the USDJPY at the start of the US session.

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Nasdaq futures technical analysis: Aiming for 13500

2023-04-30

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See more at https://www.forexlive.com/technical-analysis/nasdaq-futures-technical-analysis-and-price-forecast-key-levels-to-watch-13500-target-20230430/

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Drive your dream supercar at FMAS:23!

2023-04-28

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Experience the ultimate thrill at 🎉FMAS:23🎉 and seize the opportunity to win your dream ride! Stay tuned for exciting updates on how you can become one of the lucky ones to unleash your need for speed in these remarkable supercars!🏎 Don't miss your chance to awaken the inner adrenaline junkie within you!🔥

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The USDJPY is soaring after BOJ decision. The GBPUSD tries another upside break.

2023-04-28

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The USDJPY soared in trading today as new BOJ head Ueda signaled no change in policy.  That has the USDJPY moving toward its 200 day MA at 137.00 area.  The EURUSD moved below the 200 hour MA and trend line, but stalled near the week lows (Tuesday's low). Stay below 200 hour MA keeps the sellers more in control today  A move back above, not so bearish. GBPUSD is trying to break above a swing area. Prior breaks this week failed fairly quickly....

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Fireside Chat about fintech & regulation in Africa🇿🇦

2023-04-27

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USDCAD backs off from topside resistance but the 100 hour MA stalls the fall

2023-04-27

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The USDCAD moved to a swing area target and 61.8 Retracement level this week and that area stalled the rise. In trading today, sellers have pushed lower but has run into support at the 100 hour MA.  So buyer and sellers have defined the close support and resistance. Traders are waiting for the next shove outside one of those technical levels.

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US GDP lower but core PCE higher. That sends yields and the USD higher in early US trading

2023-04-27

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The US GDP came in lower-than-expected but core PCE was higher. That has sent the US yields to the upside and the US dollar higher in early US trading.  However, the moves post the data, has the pair trading back to 100/200 are moving average levels in the EURUSD, USDJPY and GBPUSD - and stalled. Those moving averages will be barometers in the new trading day. What is clear is the ups and downs have continued in those major currency pairs.

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The EURUSD and GBPUSD rebound today. The AUDSD moves to a new year low

2023-04-26

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The EURUSD and the GBPUSD fell sharply yesterday on flight to safety flows, but in trading today, those declines are being erased.  The USDJPY chops around after yesterday saw a decline on flight to more safety into the JPY on banking concerns.  The AUDUSD is lower after YoY inflation fell more than expected in Australia today despite the slightly higher QoQ data.

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AUDUSD transit to the downside and approaches a floor area. What next?

2023-04-25

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The AUDUSD corrected higher into the Asian session today, and in the process tested the 100 hour MA. Sellers leaned against the level, and has been trending the pair lower since then. In the NY session the pair has moved below a swing area between 0.6649 and 0.66526. Stay below is more bearish going forward. The move lower has looked to approach the March 24 low at 0.6625 in the April 10 low at 0.66186. Move below that area opens the door for...

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The USD is stronger and retraces the declines from yesterday. What are the chart saying?

2023-04-25

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The USD is stronger today retracing some of the declines from yesterday's trading.  What are the charts saying?  In this video, Greg Michalowski of Forexlive.com takes a deep dive into the technicals supporting the price action for the EURUSD, USDJPY, and GBPUSD major currency pairs.

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Set yourself up for the new trading week by understanding the key levels in play

2023-04-23

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A non trending week last week, will have traders looking for more action this week. A number of major currency pairs vs the USD had very low ranges in trading last week. The non-trending nature of the price action will have traders anticipating something more in trading this week. That would involve breaks of key technical levels.  In this weekend technical report, Greg Michalowski of Forexlive.com discusses this dynamic and outlines the levels...

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Making some sense technically from the up & down chop in some of the major currency pairs

2023-04-21

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The up and down chop this week in the some of the major currency pairs, has some traders frustrated (when you think it is going down it goes up and visa versa), and some traders happy (the up and down range traders).  The EURUSD and GBPUSD is non trending. The USDJPY is trying to reverse lower after reaching a key topside target on Wednesday.  To get up to speed, watch the morning technical video. Although there is some up and down volatility,...

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