Category Archive: 4.) Forex Live

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VIDEO: The EURUSD is higher but remains stuck in the mud.The USDJPY has bullish tendencies

2022-08-03

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The morning video looks at the EURUSD, USDJPY, GBPUSD and USDCAD

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VIDEO: The EURUSD made a break and failed. The USDJPY got closer to key support.Key levels in play.

2022-08-02

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A look at a number of currency pairs in this morning video including the EURUSD, USDJPY, GBPUSD, USDCHF, USDCAD and the AUDUSD. What levels are in play? Watch and find out.

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ETHUSD technical analysis and how to manage a profitable short trade

2022-08-02

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A followup to the technical analysis on Ethereum and its short trade idea from 2 agao go, provided here: --nI Now that etheruem is at $1560, the trade is successful, but the stop loss of the ETHUSD short trade is too far. What should be done? Lower the entrance stop to prevent loss? Or abandon the trade? Or partial profit, and how much?

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Drilling down through the AUDUSD charts. What are they showing?

2022-08-01

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The AUDUSD has been rebounding since the low on July 14 and has moved up to test the 38.2% of the 2022 range on the daily chart.   The hourly chart has shown some up and down volatility of late but some bullish buying tendencies. The 5-minute correction today held the 50% but is stalling at a ceiling for the day.  What does the combined story - and drill down - tell us about the pair's bias and risk levels along with key targets ahead?

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VIDEO: A technical look at the EURUSD, USDJPY and GBPUSD to start the trading week

2022-08-01

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The EURUSD moved higher into the London morning session but backed off after reaching the top end of the recent up and down price action (once again). Still waiting for a break. The USDJPY moved to a new low and in the process inched closer to a key cluster of support on the daily chart. Sellers in control. The GBPUSD moved to a new high and left some short term support floors on the downside.

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USDJPY Technical Analysis

2022-08-01

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See the full technical analysis at https://www.forexlive.com/technical-analysis/usdjpy-technical-analysis-with-video-explanation/

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Ethereum technical analysis

2022-07-31

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Some say the most significant component of technical analysis is price movement. ETHUSD hasn't closed a daily candle around $1700 in 3 days. This indicates a lack of bullish momentum to drive Ethereum to a new price level. Technically, ETH is a bear flag. Bear flags continue downtrends. Bear flags have a strong downward move followed by an upward consolidation channel. ETHUSD looks to be in a channel, even without a bear channel, after touching...

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VIDEO: The USD moves higher after the higher core PCE inflation numbers today

2022-07-29

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The US core PCE data was a bit stronger than expected and that has pushed the USD higher in early NY trading after moves lower earlier in the day. The core PCE is a favored inflation figure used by the Fed.  The US stocks are mixed in pre-market trading.

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GDP came out negative putting the US in a technical recession.How has it impacted the USD?

2022-07-28

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The USD GDP came in negative which put the US in a technical recession.  How has it impacted the currency markets.  In this video, I take a look at the EURUSD, USDJPY, GBPUSD and the USDCHF from a technical perspective and traders react to the data today and the FOMC decision yesterday.

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FOMC Day. What levels are in play for the EURUSD, USDJPY and GBPUSD

2022-07-27

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The FOMC decision will be announced at 2 PM ET with expectations for a 75 basis point hike (see Adam's preview HERE).. Rate decision days can be a long drawn out affair between the rate decision and the press conference that lasts an hour. That time and running headlines can cause additional market volatility. Traders have to decide if they want to take on that additional risk. Those that do, need to fully understand the bias defining levels...

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Google stock analysis & trade idea after earnings

2022-07-27

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Yesterday, Google reported earnings. GOOG's 3% after-hours gain after the results report reinforces the view that its 32.5 percent drop from its all-time high (in January 2021) to its most recent low (in May 2022) may be adequate. This may mean good companies have changed enough and bad ones need to shrink. The video presents a technical analysis of the Google stock, with a weekly Anchored VWAP from the COVID collapse bottom. VWAP considers...

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FOMC preview: Watch for a subtle shift

2022-07-27

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Signs of an economic slowdown are here but what will move markets on the FOMC decision are signs of a slowdown in the pace of rate hikes. The market can get laser-focused on the small difference between 75 basis points and 100 basis points but what ultimately matters is the terminal destination of rates. Don’t look for the Fed to say anything explicit, like that they see a peak in inflation. The Fed is missing its mandate on price stability badly...

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Bitcoin follows the key technicals that can lead to big dollar moves

2022-07-26

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In bitcoin, the most active digital currency, traders ask me if they follow technical tools like the ones I use in analyzing currencies, stocks, bonds, and commodities. The answer is .....YES. Traders like to define and limit risk and certain technical tools do just that no matter the instrument. IN this video, I look at the price action of bitcoin on the daily and hourly chart and show how traders can and did, use technicals that led to some...

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VIDEO: The morning technical look at some of the major currency pairs for July 26, 2022

2022-07-26

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The USD is stronger to start the day. How has that impacted the technical picture for the EURUSD, USDJPY, GBPUSD, AUDUSD and USDCAD

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EDUCATION VIDEO: Do you want to learn how to read a chart from a technical perspective?

2022-07-25

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In this video, I look at a random pair - the CADJPY - and outline what technical levels have contributed to the downs and ups for the pair. You have the opportunity to find those levels in all your charts and learn how to define and limit your risk and have the potential to benefit from that work.

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VIDEO:A technical look at some of the major currencies to start the US session on July 25, 2022

2022-07-25

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To kickstart the NY session, what has the price action in the EURUSD, USDJPY, GBPUSD and USDCAD showed us so far in the day.  What levels are in play.

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Stock Market Today: Updates, S&P technical analysis and stock market forecast

2022-07-25

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Asia follows Wall Street's bearish lead from Friday. Slow growth and tighter regulations affect markets. Today's losses on the Australian stock market extend yesterday's. The S&P/ASX 200 fell below 6,800 on Friday. After Snapchat's (SNAP) dismal results and stock price drop last week, investors wonder if this is a sign of bigger economic concerns. Alphabet, Apple, Intel, Microsoft, and Meta will report earnings this week. Oil fell in Asia...

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A technical look at the forex major currencies for the week starting July 25, 2022

2022-07-24

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In this video, Greg Michalowski of Forexlive.co;m, takes a look at the technical driving the forex markets for the week starting July 25,2022

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Bitcoin technical anlalysis & managing a profitable bitcoin short trade

2022-07-23

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We follow up on the trade idea shown here: https://www.forexlive.com/technical-analysis/a-bitcoin-technical-analysis-with-a-bearish-measured-move-20220721/ And how to manage a profitable trade by adjusting a stop in order to break even within a worse case scanrio. We do that by exiting one third of the position at a new take profit target. We show the principle of calculating that. Furthermore, Bitcoin is cooling off after faking out a breakout...

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Is the USDCAD a buy from a technical perspective? BofA likes it fundamentally. Do I like technically

2022-07-22

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Marrying technicals vs fundamentals from Bank of America in the USDCAD

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