Category Archive: 4.) Forex Live

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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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What technical levels are driving the EURUSD, USDJPY and GBPUSD today?

2023-04-05

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The EURUSD, GBPUSD and USDJPY made breaks yesterday and revisited those break levels today.  What key technical levels are driving those three major trading pairs today and why?

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Morning FX technical report: What levels are in play for some of the major currency pairs

2023-04-04

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In the morning forex technical report, I take a look at the EURUSD, USDJPY, GBPUSD and AUDUSD. The EURUSD moved to a key swing target and found willing sellers.  For the USDJPY, it held support at a key swing area, and moved back above the 100 hour MA. Can it stay above that MA level now? The GBPUSD meanwhile made a break higher, but has shown some signs of some profit taking. The buyers and sellers are battling in the short term.  The RBA...

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US morning technical report: USDCAD moves lower on higher oil prices

2023-04-03

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The USDCAD moved lower on the back of higher oil prices and in the process moved below the 100 day MA. That MA break shifts the sellers more in control. Stay below and traders will look toward the 200 day MA which has not been broken since August. The EURUSD moved lower and back higher. The pair is back into a swing area between 1.0866 and 1.08868.  The GBPUSD snapped back higher extending back above the 200 and 100 hour MAs in the process...

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Gold technical analysis: Getting ready for the big short

2023-04-01

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Is gold on the verge of a big short? Learn about the potential trading opportunity with a 7 to 1 reward vs. risk ratio in this gold technical analysis video. We discuss the triple top formation, signs of market fatigue, and the yellow channel with touchpoints at 1800 and 1975. Our strategy suggests shorting gold on the next possible spike up at 2010.8, with a final target around 1827 and a stop loss set at 2037 to manage risk. Keep in mind that...

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It’s quarter, month and week end. What to expect from some of the major currency pairs.

2023-03-31

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The US PCE came in weaker than expected and the USD is showing some weakness in trading today. In this report, we take a technical look at the EURUSD, USDJPY, GBPUSD and AUDUSD and outline the key levels in play. Stay up to date on the latest price action and potential trading opportunities.

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The GBPUSD fell to support on Friday, and buyers stepped in. Buyers in control.

2023-03-26

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In this video, we'll take a closer look at the recent movement of the GBPUSD, which fell to support on Friday before buyers stepped in. With the buyers now more in control heading into the new trading week, we'll explore the key levels to watch and potential trading opportunities that could arise. Join us as we provide you with valuable insights and analysis that can help you navigate the Forex market and make informed trading decisions.

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USDJPY: The USDJPY has a small bullish bias heading into the new trading week

2023-03-26

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In this video, we'll analyze the current state of the USDJPY and examine the potential bullish bias heading into the new trading week. Despite the recent move to the downside, the USDJPY is showing some technical signs of strength, and we'll explore the key levels to watch and the potential trading opportunities that could arise. Join us as we provide you with valuable insights and analysis that can help you navigate the Forex market and make...

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A drill down look at the EURUSD

2023-03-26

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In this video, we'll take a drill-down look at the EURUSD and examine the key levels in play from both a short-term and long-term perspective to start the trading week. Whether you're a short-term or long-term trader, we've got you covered with valuable insights and analysis that can help you make informed trading decisions. Join us as we explore the latest trends and provide you with actionable strategies that can help you succeed in the volatile...

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S&P technical analysis: Bulls are holding

2023-03-26

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In this video, we'll examine the current support and resistance levels in the market and discuss the VAL (value area low) price level of 3930. As long as the market doesn't close a day below this level, bulls are holding. We'll then take a closer look at the next targets of 4029 and 4080 and what they could mean for traders. Please note that trading involves risks, and we encourage you to conduct your own analysis and research before making any...

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Where do I start?

2023-03-25

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Last week was eventful, with numerous releases and events, making it difficult to know where to begin. In this video, we'll start from the very beginning and discuss the highlights of the week that was, including the Federal Reserve's actions and how the market reacted. We'll explore the apparent tensions between the Fed and the market and discuss how both may have been performing their roles. Join us as we provide valuable insights into the...

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Don’t miss #FMAS, the ultimate Expo for #traders , #investors , and #Forex enthusiasts !

2023-03-24

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Financial contagion causes more anxiety in the financial markets.

2023-03-24

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The financial contagion has affected Deutsche Bank shares, causing them to drop by 10% during trading. This decline has led to lower movements in other European shares and US financials, prompting investors to seek refuge in safe-haven currencies like the USD and JPY. In this forex technical report, we will analyze the EURUSD, USDJPY, and GBPUSD currency pairs, highlighting the key levels in play for today. Stay up-to-date on the latest market...

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