Category Archive: 4.) Forex Live
VIDEO:The USD is keeping a negative bias after PPI data.What technical levels are in play?
The US PPI came in lower than expected which is helping to keep the USD down.
In the morning video, I take a look at the 3 major pairs vs the USD (EURUSD, USDJPY and GBPUSD) and outline the bias, the risk and the targets for each. Good fortune with your trading.
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Bitcoin runs higher with risk on sentiment. What are the upside hurdles that lie ahead?
A technical look at Bitcoin after a run higher today off the back of lower CPI and risk on sentiment.
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Bitcoin technical analysis 05 Aug 2022
BTCUSD is in the middel of the presented regression channel and traders seem to be waiting for the next move.
See also
Bitcoin traders are battling it out in the short term. Find out why in this video.
https://www.forexlive.com/Cryptocurrency/bitcin-traders-are-battling-it-out-in-the-short-term-20220804/
ETHUSD technical analysis @ 1663.27 on 05 Aug. Will the bull flag be broken to the upside?
-frxYQ
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Russell futures technical analysis for 05 Aug 2022
Major US indices open mixed. NASDAQ up. S&P near unchanged
Dow industrial average marginally lower. https://www.forexlive.com/news/major-us-indices-open-mixed-nasdaq-up-sp-near-unchanged-20220804/
Russell 2000 broke up the bull flag and showing some resting, probably temporarily.
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Nasdaq futures technical analysis 05 Aug 2022
Also see Nasdaq related news at Forexlive as USD slides, oil falls to the worst since Feb 2
https://www.forexlive.com/news/forexlive-americas-fx-news-wrap-usd-slides-oil-falls-to-the-worst-since-feb-2-20220804/
Other technical analysis from ForexLive https://www.forexlive.com/technical-analysis
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ETHUSD technical analysis @ 1663.27 on 05 Aug. Will the bull flag be broken to the upside?
Etheruem technical analysis follow up to https://www.forexlive.com/technical-analysis/profitable-ethereum-short-position-ethusd-technical-analysis-snapshot-20220802/
And previously to the trade idea provided in the 1st technical analysis for ETHUSD on https://www.forexlive.com/technical-analysis/ethereum-technical-analysis-20220731/
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Bitcoin traders are battling it out in the short term
The price of bitcoin has been consolidating near low levels and maintains a negative bias on the daily chart. However, there is some ambiguity from a short term perspective for the pair.
In this video, I breakdown the battle that is going on and explain the risks and bias from a technical perspective..
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The morning technical review fore August 4 of the major currencies. GBP falls. EURUSD stays confined
The USDJPY finds sellers near the 200 hour MA and USDCHF cracks back below the 100 day MA and tests 200 hour MA below
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VIDEO: The EURUSD made a break and failed. The USDJPY got closer to key support.Key levels in play.
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
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?
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
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
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
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
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?
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
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
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
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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