Category Archive: 4.) Forex Live

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Russell 2000 technical analysis and trade idea (Long)

2022-08-30

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Russell 2000 futures (RTY) is at the bottom band of a potential bear flag but we are in the green and buyers may protect this touch point, and buy, which would expedite the short covering. The stop loss would be close, in relation to the take profit target, making this area interesting for a bull. https://www.forexlive.com/technical-analysis/russell-2000-technical-analysis-and-trade-idea-long/

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What exactly did Powell say at Jackson Hole?

2022-08-29

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The short but sweet speech by Chair Powell was firm and unambiguous. Here is the review of his comments

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NQ technical analysis update after market opened on 28 Aug

2022-08-29

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See the full analysis at https://www.forexlive.com/technical-analysis/nasdaq-technical-analysis-a-contrarian-long-on-nasdaq-20220829/

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The USD is seeing some selling in early NY trading.

2022-08-29

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The USD is seeing a move to the downside in early US trading. Recall that the UK is off today in observance of the summer bank holiday so liquidity conditions may be less.  Nevertheless, the EURUSD is squeezing back toward the 200 hour MA at 1.00177.  The USDJPY is still higher on, the day but off its highs. The pair in the short term intraday chart is below the 100 bar MA and testing the 200 bar MA.  The GBPUSD traded to the lowest level...

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Natural gas (NATGAS) technical analysis and trade idea (short)

2022-08-29

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Reward vs risk is quite attractive for a 3 part short trade here on natural gas futures. See the full Natgas futures technical analysis at: https://www.forexlive.com/technical-analysis/natural-gas-futures-natgas-technical-analysis-and-trade-idea-short/

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Risk a little to make more than a little

2022-08-26

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Are you one to do trades with $%&*# trade location? If so you need to change your trading mindset and start to focus more on the idea of risking a little to make more than a little. In this video, I will speak to to this topic and get you away from your $%&*# trade location.

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The US morning forex technical report. Fed Powell speech. Better PCE data weakens the USD

2022-08-26

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Fed Powell to speak at 10 AM ET The core PCE data in the US came in better than expectations with helped to lower the dollar on hopes that a terminal rate can be found sooner rather than later. However, Fed Chair Powell will be speaking at 10 AM ET and could cause a shifting of the bias if he chooses to talk more above quantitative tightening. However, that would be outside his lane and that of Fed officials. So it is not expected.  The EURUSD,...

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It’s ALL about Anticipation….

2022-08-25

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If you can anticipate the nuances of the market, you can become an All Star trader. Athletes and traders have a lot of parellels that make comparisons easy and informative. A medical study on athletes showed that pro athletes don't have reflexes that are faster than the general public. What differentiates the all stars from the rest, is their ability to anticipate the future. Successful traders need to anticipate as well. Traders need to...

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Major US indices higher and trading between 100/200 hour MA and awaits the next shove.

2022-08-25

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The last week, the major US stock indices have seen the price come off the short covering boil and return between the shorter term 100 and 200 hour MA. Today the prices are higher and that took the indices more toward the middle of those MA ranges.  Often ahead of a key event, traders will take the price toward these neutral areas as a way to keep both the bullish and bearish options open.   With Jackson Hole Symposium getting underway, the...

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The morning forex technical report for August 25: Start the Jackson Hole Symposium

2022-08-25

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What levels are in play as the Jackson Hole Symposium kicks off The Jackson Hole symposium is kicking off officially today. That means central bankers will be speaking.  The course Fed chair Powell will be the highlight tomorrow when he addresses the attendees at 10 AM ET. So what levels are in play today? - EURUSD trades back below the 100 hour MA after the "try" above failed. That MA is at a0.9977. Stay below is more bearish. -...

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A lesson in trading from a legend…

2022-08-24

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Tiger Management Founder Julian Robertson dies at 90 years old.

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Technical levels in the EURUSD control the price action

2022-08-24

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The EURUSD tested a higher low area of support, then shot through the swing low from July 2022. That led to buyers into the London fixing that pushed the pair to the 100 hour MA and parity level. Sellers leaned. The price came back down. Technical levels are controlling the flows in choppy price action.

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August 24 technical report: The USD moves higher today as Jackson Hole approaches

2022-08-24

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What technical levels are in play for August 24, 2022 In the morning forex report, i outline the levels in play for the major currency pairs as the clock ticks toward the Jackson Hole Symposium and the Chair Powell speech on Friday at 10 AM. The USD is higher on the day with some of the pairs breaking away from MA levels increasing the dollar bullish bias.  The AUDUSD, USDCHF, USDJPY are all making a break. The EURUSD is moving closer to the 20...

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The morning forex technical report for August 23, 2022. What is driving the forex market

2022-08-23

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The EURUSD made another new low going back to December 2002, reaching to 0.9900. The price high stayed below the swing low from July 2022 at 0.99515 keeping the sellers in firm control.  The 14 day RSI is diverging and moving toward oversold, but the price still needs to get and stay above 0.99515 if the pair is going higher.  The USDJPY move  to a new high going back to July, and on the downside stalled just ahead of the June high near 137.00. ...

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USDCAD trades to the highest level since July 15

2022-08-22

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The USDCAD on the daily chart has admittedly been sloppy. There are a lot of moves higher and moves lower on the daily chart going back to October 2021.   In the short term, however, the price of the USDCAD has been up 5 of the last 6 trading days.  Price action is more trending, or is it? The price is approaching topside swing levels between 1.3076 to 1.3092. That area will be eyed for the next clues for that pair. Move above is more bullish....

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The morning technical report: The EURUSD/GBPUSD drag along lows.The USDJPY is up & down.

2022-08-22

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- The trading week is off and running.  - The EURUSD is lower and trading above and below the key parity level. Sellers in control. What might give a short term positive bias in the face of difficult fundamentals - GBPUSD is also suffering largely from the same fundamental down bias.  The price got closer to the low for 2022 at 1.1759.  Sellers are more in contol, but the price action is confined - USDJPY is up for the 5th day, in an up and down...

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Ethereum technical analysis update, Long is now active on ETHUSD

2022-08-21

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The weekend Forex report for the week starting August 22, 2022

2022-08-21

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In this weekend video, I review and preview the fundamental influences in the market and then look at the technicals in the market that are defining the bias, and risk with the focus on the major currencies vs the USD.

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August 19, 2022: The morning technical report looks at the EURUSD, USDJPY and GBPUSD

2022-08-19

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The USD is the strongest of the major currencies as Fed comments send the greenback higher. That has the EURUSD and GBPUSD moving to new week (and multi-week) lows.  The USDJPY has also broken in favor of the USD as well.   What levels are in play with a focus on risk and targets from a technical perspective as trading heads toward the weekend.

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Bitcoin technical analysis

2022-08-19

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Bear flag still seems in play for BTCUSD, so we may be at the end of a bullish retracement within a down trend that is still in play. Bears are looking better than the bulls. Long term buyers seeking to enter or increase positions should wait for a daily candle to close above $26000.

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