Category Archive: 4.) Forex Live

Filter archive by: Show All Show only Articles Show only Videos

MORNING VIDEO: A look at the EURUSD, USDJPY and GBPUSD from a technical perspective

2022-12-05

by

What levels are in play for the EURUSD, USDJPY and GBPUSD and why? The new trading week is underway, with the EURUSD making a new cycle high and backing off. The USDJPY started below its 200 day MA after closing below that key level on Friday, but has moved back higher and looks toward the 38.2% of the range last week (and high from Friday). The GBPUSD has seen up and down action in that pair today. A new cycle high was made above an upside...

Read More »

Light crude oil futures technical analysis & trade idea

2022-12-04

by

Setting up a short swing trade for a 3 to 1 short on CL1 (light crude oil futures). Trade oil at your own risk and visit ForexLive.com for additional perspectives.

Read More »

Opinion: DOGE Coin to 24.5 cents. 136% profit potential

2022-12-04

by

This is an opinion only for potetential Doge coin buyers or holders, not investmenet advice. Doge coin is riskly and can go to zero, too. However, the technicals show me a 136% upside potential. Furthermore, fundamentally, if Elon Musk and Twitter announce at any future stage, a deeper integration for Doge coin, or some other news catalyst comes out of the top Doge coin fan named Elon Musk, who is still one of the biggest influencers in the world,...

Read More »

The Weekend Forex Report: A look back and ahead to the Dec 5, 2022 trading week

2022-12-04

by

What levels are in play technically. What are the major bias and risk defining levels. In the weekend forex report, Greg Michalowski of Forexlive.come, reviews the fundamentals in play and the importance, and then outlines the bias and risk defining levels for each of the major currencies vs the USD: EURUSD (5:51) USDJPY (10:13) GBPUSD- (13:18) USDCHF (16:42) USDCAD (18:21) AUDUSD (19:52) NZDUSD (22:53)

Read More »

USDCHF bounces higher on the jobs report. Holding support on the dip. What next?

2022-12-02

by

Buyers have work to do in the USDCHF pair to take back more control. What levels are in play for the USDCHF now?

Read More »

What next in the forex after the stronger US jobs report

2022-12-02

by

The US jobs data came in much stronger than expected at 263K versus 200 K expected. The unemployment rate remained steady at 3.7%. The average hourly earnings rose 0.6% versus 0.3% expected. The USD moved higher. What next?

Read More »

The key technical levels in play before the US jobs report

2022-12-02

by

What levels are in play ahead of the US (and Canada) jobs reports at 8:30 AM ET. I will look at the EURUSD, USDJPY, GBPUSD and the USDCAD ahead of the US and Canada jobs reports

Read More »

The morning forex technical report. The USD moves down w/ the EURUSD testing its 50% level

2022-12-01

by

A look at some of major currency pairs near the start of the US session. In the morning forex technical report: - The EURUSD is trading higher and in the process moving away from its 200 day moving average and testing its 50% midpoint of the 2022 trading range at 1.05155. - The USDJPY move below a key target at the 38.2% retracement of the move up from the 2022 low at 137.24. Sellers push lower after the break. - The GBPUSD has moved above its...

Read More »

Nasdaq technical analysis in 30 seconds

2022-12-01

by

For 01 December, 2022.

Read More »

UPST technical analysis showing early hints about the crash coming

2022-12-01

by

When someone on TV or anywhere else, talks positively about a stock, then that person should know to answer what the company does. If you do not get an answer, that is a sign that we might have reached ridiculous times. Remember that for next time. It might be, and will probably be, a different type of 'ridiculous' but it will be ridiculous when the herd is greedy, and a sign for you to be fearful. Technical analysis is your friend in such...

Read More »

VIDEO: Soft landing? Happy days are here a again. A look at the markets post Fed Powell speech.

2022-11-30

by

"Soft landing" may be still a hope, but the market likes those words. The Chair Powell speech/comments were laced with "slower pace", and "soft landing" which was comforting to the markets. So stocks moved higher and that gave dollar sellers the go-ahead to sell the green back, the lower USD, gave the bond traders the go-ahead to buy bonds and send yields lower, and all of that fed on itself.  Happy days are here...

Read More »

The morning forex technical report for November 30, 2022. Markets prepare for Fed Powell.

2022-11-30

by

The major currency pairs are settling and waiting for the Fed Chair. The major currency pairs are seeing some mixed price action, but with the pairs like the EURUSD, GBPUSD and USDJPY trading between their 100 and 200 hour MAs. That is indicative of a market that is awaiting the next shove. That shove may come from the Fed Powell's speech later today at 1:30 PM.  Will the Fed chair tilt to a more dovish bias or keep his relative hawkish bias from...

Read More »

A trade plan for natural gas futures

2022-11-30

by

The example shows a real setup and possible trade plan, but more than that, it shows swing traders in general how to look and plan their entries (with a technical reasoning and trigger), and their stop loss as well as take profit targets, as they assess their 'risk reward ratio' (also mentioned as reward vs risk ratio, which is the more precise description of the ratio itself). And how a higher or lower ratio relates to the probability of them...

Read More »

EURUSD fails on the try higher today. Sellers look to take back more control.

2022-11-29

by

What sellers need to do, to keep control in the short term for the EURUSD.

Read More »

FOREX QUICK: AUDUSD and NZDUSD retrace back below MA support

2022-11-29

by

Sellers in the AUDUSD and NZDUSD have taken the pair back below MA support in the short term. Can the sellers maintain control after the failed break above resistance targets?

Read More »

Nasdaq technical analysis for 29 Nov

2022-11-29

by

Today is looking good for the bulls. Watch the price levels where bulls can take partial profit, and where the bullish premise might change.

Read More »

Nasdaq technical analysis: Bears taking it to 11570 ?

2022-11-28

by

I like to look for a 'story' that a chart tells me (in my opinion) and also follow charts in hindsight to learn where those stories developed, where there were hints on the way, etc. For example, if there was a failed breakout up, bulls are trapped, and will be disappointed, which hints on more down. Or if a key level was almost tested but market is still indecisive or weak, that it will probably be retested again. Markets love to poke around and...

Read More »

The forex week ahead. A look a the risk and bias defining levels for the week starting November

2022-11-26

by

The week ahead has as catalysts the US jobs report on Friday where the NFP is expected to add a less than trend 200K jobs. Before that the Fed Chair Powell will be speaking at the Brookings Institute on Wednesday. Two key events that are a prelude to the Fed decision later in the month. In the video, Greg Michalowski of Forexlive, also looks at the technicals that are driving the bias and risk levels for the major US currency pairs vs the US...

Read More »

The USD is making new highs in early NY trading. What are the charts telling us?

2022-11-25

by

A look at the EURUSD, USDJPY, GBPUSD and the USDCHF to start the trading day. The USD is moving higher in early NY trading helped by rising yields. The EURUSD, GBPUSD, USDJPY and USDCHF are trading to new extremes as a result. What next?  What key levels are in play and why?  Learn by watching the morning forex report.

Read More »

ES technical analysis as it gets close to 4050 area.

2022-11-24

by

The following shows a speculative and unconfirmed channel, since confirmed onces must have at least 2 touch points on each lower and top band of the channel. However, this is one method of ANTICIPATING the next junction to watch, assuming other traders and algos will be looking at that possible touch point and channel and it is created, if it will be created. Till now and since our last call, via the comments are on ForexLive.com (do follow the...

Read More »