Category Archive: 4.) Forex Live

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The USD fell yesterday but is seeing modest rebound today. What are the key levels in play?

2022-09-29

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0:59 - The EURUSD moved back above a key swing area going back to 2002 between 0.9662 to 0.9708 but could not sustain upside momentum. THe price is back in that range at the start of the NY session 3:45 - The USDJPY moved back into swing area ahead of the 145.00 ceiling. That swing arear comes between 144.56 and 145.00 6:12 - The GBPUSD moved down to retest the lower 100 hour MA and found some support buying against the level. Getting above and...

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USDJPY falls to profit taking/support target. What now?

2022-09-28

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The USDJPY stalled yesterday and into today against the 145.00 ceiling. Coming into the NY session the price was nearer that high but with the dollar selling has seen a drift back down toward the 100/200 hour MA target. Profit takers/dip buyers leaned on the first look so far. WIll that level hold or will it be broken?  That is the next trade that traders are pondering.

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FOREX QUICK: EURUSD moves back to its 100 hour MA and into a key swing area going back to 2002

2022-09-28

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The EURUSD buyers are making more of a play as they take the EURUSD higher and above the 100 hour MA and into a key swing area from June/October of 2002. What next?  If you like /don't like these short videos, please let me know and subscribe to our YouTube station.

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Forex Quick: The USDCAD sellers are making a play. What next?

2022-09-28

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In this Forex Quick video, I discuss the sellers making a play in the USDCAD after a trend like move in the pair.  What do the sellers have to do to keep control. I look at it in this short video technical view.

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When the markets are volatile, technical levels are key barometers for risk/bias

2022-09-28

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When markets are volatile - and they are volatile - you need technical levels to give you bias and risk defining clues.  Absent that and you are driving with your eyes closed. The Bank of England is trying to come to the rescue as investors staged a mass exodus and of UK debt and equity's and the pound in general. Their actions sent the GBPUSD higher but only to the high from yesterday before rotating back to the downside. In this video I outlined...

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The USD is seeing some selling today tarnishing thebullish crown but with more work needed

2022-09-27

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The USD is seeing some selling today tarnishing the bullish crown. HOwever there is more work needed for the bias to shift further in favor of the short term USD sellers.  In the morning video, I look at the: GBPUSD 0.45 EURUSD 4:10 USDJPY 6:24 USDCAD 8:28

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DAX technical analysis & trade idea (contrarian long!)

2022-09-27

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DAX analyses the performance of Germany's 40 largest blue chip companies traded on the Frankfurt Stock Exchange. Some traders use the DAX as a "tell" and indication for US stocks. In the following DAX technical analysis video, and trade suggestion, I present a low probability but high return vs risk possible trade, wherein a support that many people (primarily trading algos) are monitoring. When a support breaks, fresh bears start...

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Nasdaq technical analysis: Trading this swing Long potential

2022-09-27

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Trading this Nasdaq rebound potential with a stop below the 11k round number and scaling out in 3 'take profit' parts. See the video for details and follow possible updates within the post or comment of this page on ForexLive.com https://www.forexlive.com/technical-analysis/nasdaq-technical-analysis-trading-this-swing-long-potential/ Trade the Nasdaq at your risk only.

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The Dollar is King. What will keep it king this week?

2022-09-25

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The dollar is king with the EURUSD trading to the lowest level since 2002. The GBPUSD traded to the lowet level since 1985. The AUDUSD, NZDUSD and the NZDUSD traded to the lowest level since the 2020 pandemic plunge. Even the USDCHF rallied despite the 75 basis point hike. The USDJPY rebounded Friday and is back at neutral short term technical levels even after a BOJ intervention this week.   The trend to the upside in the USD is strong but...

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The markets are in motion. Stocks are lower. Yields are higher. The USD is higher.

2022-09-23

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The major markets from stocks to bonds to currencies are on the move again today. The UK proposed a sharp tax cut along with energy helped to the consumers, and the markets are not taking it well. UK yields are up sharply, stocks  are down sharply. German yields above 2% for the 1st time since 2011. US yields continued their move to the upside with the 10 year moving above 3.8% earlier today. US stocks are looking to open lower with the...

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The BOJ intervenes sending the USDJPY lower. The SNB raises rates by 50 BPS. CBs go wild

2022-09-22

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Lots of central bank action as they go wild with policy signal. The action sends currency rates around. - The Federal Reserve raised rates by 75 basis points yesterday - The Bank of Japan kept rates unchanged but intervene in the currency markets - The Swiss National Bank raise rates by 75 basis points and the threaten to intervene in the currency market - The Bank of England raise rates by 50 basis points with some dissenters looking for a higher...

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As the FOMC dust settles, what are the technical driving the currencies vs the USD

2022-09-21

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The FOMC raised rates by 75 basis points and also sent the market a warning that they see even higher rates than the market expects.  The price action saw the dollar move higher initially , but then down as comments in the presser showed less hawkishness from the Fed chair. However, as the dust settled, the more hawkish overtures restarted and the dollar moved higher.   What next? In the vidoe, Greg Michalowski looks at ALL the major...

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The USD runs higher after stronger CPI. A look at the technicals after the US CPI data

2022-09-13

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USDJPY: The USDJPY moved above its 100 hour MA and looks toward the high from last week at 144.498 EURUSD: The EURUSD has moved back below its 100 hour MA at 1.0054 and looks toward the 200 hour MA at 0.9998 now. The pair fell back in the lower swing area on the daily below 1.0096 to 1.0121

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Making sense of your senses in your trading

2022-09-13

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We as humans use our senses in all aspects of life, and such is the case with trading. Do you feel and hear what the market is telling you?

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The morning forex technical report for September 12, 2022

2022-09-12

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The USD is trying to move lower, but finding some resistance in doing so. I look at the EURUSD, USDJPY and GBPUSD in the morning technical report.

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Ethereum technical analysis and trade idea. Hunting for a Long.

2022-09-11

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This article analyzes ethereum's price against the dollar on September 11. The full analysis is at https://www.forexlive.com/technical-analysis/ethereum-technical-analysis-trade-idea-20220911/ Daily time frame channel bull flag. Green arrows in the video indicate the lower frequency band, while red arrows indicate the higher. Cryptocurrencies are recovering alongside the stock market. Even temporarily, it's tradeable. Since the recent rally is...

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The Weekend Forex Report for the week starting September 12, 2022

2022-09-10

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In this report, I look at some of the fundamental stories that are shaping the markets, and then look at the technical which have seen the start of a move lower in the USD. Can that shift continue this week? Fundamental review: - 0:00 to 7:00 Technical analysis by currency pair: - EURUSD 7:10 - USDJPY: 12:19 - GBPUSD 15:10 - USDCHF 17:31 - USDCAD 20:15 - AUDUSD 22:12 - NZDUSD 23:15

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Bitcoin technical analysis: Watch this trading range.

2022-09-10

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Technical analysis for BTCUSD for 10 September. Watch the horizontal trading range, and the yellow channel, which is also a potential bull flag.

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Why this could be the bottom in Europe

2022-09-09

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We’re seeing the covid playbook rolled out on energy. During covid, businesses had to shut down but all the costs were taken on the government balance sheet. That’s when we saw the huge turnaround in markets. The UK is signaling that it will do the same thing by capping/subsidizing energy and more countries in Europe are leaning that way as well. Like covid, this could be a turning point. What’s different this time is that monetary policy isn’t...

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A technical look at the EURUSD, GBPUSD, USDJPY, and USDCAD to start the US trading day

2022-09-09

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The USD has moved lower but found a bottom. What next? The USD moved lower today but is finding some buying in the early NY session. That buying of the USD (selling of the currency) has seen traders lean against targeted technical levels. I look at 4 currency pairs.  0:16: USDJPY 2:44: EURUSD 5:14: GBPUSD 6:56: USDCAD Take a look and understand the "why's" for today's trading and what needs to happen next.

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