Category Archive: 4.) Forex Live

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The USD continues to chop as the market gets pushed and pulled

2023-04-20

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The USD continues to chop as the market gets pushed and pulled from higher inflation and lower growth, lower inflation and higher growth, good data, bad data, hawkish Fed members, less hawkish Fed members.  Good earnings but lower earnings YoY. Lower margins, etc., etc. etc.  The USD has moved lower after the Philly Fed index was the lowest in 3 years (the Empire manufacturing surprised the upside on Tuesday so go figure).  Yields are lower with...

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AUDUSD buyers and sellers start to look for a break. Here’s why?

2023-04-19

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The AUDUSD is consolidating with the lows and highs - along with technical levels - starting to converge. When that happens, it is time to anticipate a break and hopefully a run in the direction of the break.  In this video, I outline what I mean and what levels are key going forward.

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The USD is selling off in early US trading after rising into the session.

2023-04-19

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The ups and downs continue in the forex market. The USD was the strongest of the majors coming into the US session but is coming off and retracing some of those gains as US trading gets underway. What levels are in play for the EURUSD, USDJPY, GBPUSD and USDCAD from a technical perspective.

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NZDUSD price action and tools applied define the key levels for traders

2023-04-18

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The NZDUSD is using technical levels to define the range. The borderlines are set.

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USDCHF trades between hourly MAs as buyers and sellers battle

2023-04-18

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The USDCHF moved above the 100 hour moving average but remains below the falling 200 hour moving average. Buyers and sellers are battling it out between the moving averages. Meanwhile, for the EURCHF, it has the 100 hour moving average in 200 day moving average converged at 0.9827. That will be a key barometer for traders today with the 200 hour moving average above at 0.98488 as a key target to get to and through.

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The USD is lowered to start the day but all low levels

2023-04-18

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The USD is lower on the day but off the low levels. What next for the greenback?

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S&P 500 technical analysis from 2009 todate: The big picture

2023-04-18

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Watch the giant channel from 2009 which shall be your guide, should you choose it. Invest and trade at your own risk and visit ForexLive.com for additional views. https://www.forexlive.com/technical-analysis/sp-500-technical-analysis-from-2009-todate-the-big-picture/

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Wheat Futures price forecast: Going to 700, and later to 800.

2023-04-16

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This technical analysis shows that on a lower (4 hour) time frame, ZW has broken out of an ascending wedge. The next probable target, in my opinion, is the 700 round number. However, investors or traders of wheat related assets may want to time their entries with a possible retest, while willing to pay a price that it might not do that and miss their entries. A balanced approach might be to scale into the trade. Trade at you own risk and visit...

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S&P 500 E-mini Futures Technical Analysis

2023-04-15

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Despite the surprising selloff, following a rally on Friday, this video shows the technical lines and junctions why the sell off occurred (trigered by trading algos usually). Watch this possible map for further guidance. There are always many maps and many participants watching more than one map, but this is one of the main ones that I am watching. Visit ForexLive.com for additional views.

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The USD moves higher and retraces some of the week’s declines

2023-04-14

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Fed's Waller spoke to inflation remaining too high with more hikes needed ("hikes" as in more than 1 more hike). That has given the USD a boost in early NY trading.  The 2 year is up 10 basis points. The 10 year is up 6 basis points. In this technical report, I take a look at the EURUSD, USDJPY, GBPUSD and the USDCAD and outline the levels in play and show/explain why.

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BREAKOUT. The PPI and claims data send the USD lower.What next?

2023-04-13

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BREAKOUT! The USD is breaking to new lows vs the EUR and GBP for the year, and the USDCAD is breaking below its 200 day MA for the first time since August 2022. For the USDJPY, it is making a break below its 200 hour MA.  So lots of breaks technically for the major currency pairs. Learn about it, and what's next in the morning forex technical report.  - EURUSD 2:18 - USDJPY 4:42 - GBPUSD 5:56 - USDCAD 7:12

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US CPI sends the USD lower. What next for some of the major currency pairs

2023-04-12

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The USD moved lower after the US CPI data. The CPI showed a headline increase of 0.1% for the headline and 0.4% for the core. The Shelter costs continue to elevate the core measure (accounts for 1/3 of CPI data). It increased by 0.6%. Traders and analysts continue to look for lower shelter costs to start to kick in.   Nevertheless, the numbers has lowered yields and pushed up stock prices. The USD has moved lower.  In this video, I take a...

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USDCHF falls to a swing area support target and stalls. What next?

2023-04-11

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Can the sellers keep control in the USDCHF? A day after buyers pushed the USDCHF higher and above the 200 hour MA - and failed - sellers have take control today and pushed the price of the pair back to where the price has found support buyers going back to last week's trading. Can the buyers now push the price back higher?  Or will the sellers remain in control and push the pair even lower?   IN this video, I explain the levels in play TODAY as...

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The EURUSD and the GBPUSD move back toward the 100/200 hour MAs

2023-04-11

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The USDJPY is trading back below its 100 day MA. What next? In the morning Forex technical report, I take a look at the EURUSD, USDJPY and the GBPUSD. Both the EURUSD and GBPUSD or higher, but have backtracked lower and tests the 100 and 200 are moving average areas. For the USDJPY, it had a shot above its 100 day moving average both yesterday and into today's trading, but has failed and trades below the level.  Can the sellers stay below that...

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Bullish S&P 500 E-mini Futures: Technical Analysis Reveals 4170+ Price Surge! Don’t Miss Out

2023-04-08

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Good Friday hinted that we are going up. The demonstrated technical analysis hints support more up for ES. Trade at your own risk and visit ForexLive.com for additional views. See possible updates within the comment section at https://www.forexlive.com/technical-analysis/bullish-sp-500-e-mini-futures-technical-analysis-reveals-4170-price-forecast/

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SPX technical analysis: Anticipating 4200 next

2023-04-07

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S&P 500 index is holding well and at the bring of breaking out of the bull flag. I am targeting 4200. Visit ForexLive.com for additional views. Updates may be published in the comments section here: https://www.forexlive.com/technical-analysis/spx-technical-analysis-im-bullish-with-a-4200-target/

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VIDEO: Initial claims data readjustments from seasonals influencing the major currencies

2023-04-06

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The US initial jobless claims seasonal adjustments mainly due to volatility of covid data (still living that nightmare), sent that series to the upside and change the trend of jobs since mid-January from strong to getting weaker. There markets reacted to that data. In this video I explain the early moves in yields and then in some of the major currency pairs including the EURUSD, USDJPY and the GBPUSD.

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Party with the elite at the Networking Blitz – the opening party of #FMAS23

2023-04-05

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AUDUSD rebounds off lows but retracement stalls near resistance

2023-04-05

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The AUDUSD fell sharply today but has seen a bounce with the USD selling. The price trades between short term support and resistance. What does that look like? What's next? Those questions are answered in this trading video.

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VIDEO: USDCAD tries to end 7-day slide, but technical resistance keeps a lid on the pair

2023-04-05

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The USDCAD has rebounded today and tries to break a 7 day slide.  The correction higher, however, has run into some short term resistance that puts a lid on the pair.   In this video, I step through the daily and hourly charts of the pair and show in detail what levels are in play.  It is important as a trader to understand the "whys". This video explains so you can replicate the ideas in your trading going forward.

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