Category Archive: 4.) Forex Live

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The GBPUSD retraces most of the CPI gains, but finds support

2023-05-10

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Discover the recent price action of GBPUSD as it breaks above previous highs and retraces CPI gains. Watch the 100-hour moving average and early session high for key intraday clues. Stay updated on GBPUSD technical analysis and make informed trading decisions.

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USDJPY breaks below key hourly MA. What next?

2023-05-10

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Discover the reasons behind the recent decline in USDJPY as we analyze the impact of better-than-expected CPI data. The price drops below its 100-hour moving average mark a key technical break with short-term implications. Sellers maintain control as long as the price remains below this level, while a move above it could lead to disappointment due to the failed break. Stay updated on the USDJPY chart and make informed trading decisions with our...

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EURUSD moves higher (lower dollar) and tests the 100/200 hour MA

2023-05-10

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Discover the recent sharp rise in EURUSD after the release of US CPI data. Stocks are up, and yields are lower. Watch as we analyze the pair's testing of the 100/200-hour moving averages (1.1003 - 1.1008) and the significant 50% retracement level (1.10157) from last week's high. Breaking above these levels indicates a more bullish outlook. Stay tuned for a concise technical analysis of EURUSD, uncovering key levels and insights. Subscribe for...

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USDCAD rotates from oversold levels to swing area resistance

2023-05-09

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Join us as we analyze the recent rebound in USDCAD from oversold levels. Yesterday, buyers stepped in near April's lows around 1.33137, preventing further downside. Today, the price has rallied to a high near 1.3406, entering a swing area between 1.34044 and 1.34214. For the buyers to maintain control, surpassing this level is crucial. Traders will then set their sights on the key 200-day moving average at 1.34459. Stay informed about the USDCAD...

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USDCHF makes a break into a more bullish bias today

2023-05-09

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In this video, we analyze the recent price action of USDCHF. Today, the price of USDCHF made a notable move back above the 200-hour Moving Average (MA) at 0.8911, which has shifted the bias more towards the upside. The buyers showed support near the MA during a corrective dip, providing confirmation for further upward movement. What can we expect next for USDCHF? Watch the video to gain valuable insights and a comprehensive analysis of the price...

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USDCAD bounces higher after reaching toward April low

2023-05-08

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The USDCAD is bouncing after sharp selling took the price toward the April lows and a key swing area on the daily chart.  IN this video I look at the levels in play and explain why.

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The GBPUSD moved to a key target level on the daily chart, and found sellers. What next?

2023-05-08

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The GBPUSD moved to a key target level on the daily chart and found sellers. That level comes against swing eyes going back to 2022. Getting above it would open the door for further upside probing. Staying below it and moving below the low of the swing area 1.25987 would likely disappoint the buyers and lead to some downside probing.

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The USDJPY battle is on. In this video, I outline the key levels in play.

2023-05-08

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The USDJPY traders are battling it out with hourly moving averages stalling the move higher, and the 100 bar moving average on the 4 hour chart, providing support.  A key swing area on the 4 hour chart is also a key resistance area that would need to be broken to increase a bullish bias.

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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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