Category Archive: 4.) Forex Live

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

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

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?

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

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

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

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

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

Marrying technicals vs fundamentals from Bank of America in the USDCAD

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The EURUSD and GBPUSD are rebounded off lows, but USDJPY remains near session low extremes

What technicals are moving the major currency pairs today

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What if? Traders are constantly asking “What if”, but what does that mean?

IN this video, I extend the short term EURUSD analysis to incorporate a view from the daily chart and ask "What if?". I hope you find it interesting.

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What does it mean to “lean” in your trading?. The AUDUSD price action today shows what that means.

Leaning is a key way traders enter trades, and more importantly exit trades with risk defined and limited. What does that mean. Let me show you in the this video using the AUDUSD as my guide.

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The EURUSD moves higher after the ECB 50 basis point hike

The ECB rate decision has pushed the EURUSD higher. WHat is in play for that pair and what about the GBPUSD and the USDJPY too

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Bitcoin technical analysis, short the measured move

Bitcoin seems to be in a good spot for a potential bearish measured move driven trade, with an attractive reward vs risk. See the technical analysis for BTCUSD and the potential bearish measured move. https://www.forexlive.com/technical-analysis/a-bitcoin-technical-analysis-with-a-bearish-measured-move/ Reminder: technical analysis can increase your chances of better reading the market but does not guarantee it. That is why traders must have...

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EURUSD backs off resistance, but price action remains contained as buyers/sellers battle.

With the ECB meeting tomorrow. the price action in the EURUSD is being contained by technical levels. A battle is going on. However, in preparing for the decision it is important to know the levels that will give the pair the next shove. In this video, I talk to those levels so you can prepare your trade.

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The EURUSD and GBPUSD are lower today on dollar buying. What are the technical telling us NOW

The dollar is modestly higher in trading today. What are the levels in play and why.

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Bitcoin breaks outside recent up and down range and pushes toward next key target

The price of bitcoin breaks out of it's recent up and down trading range and looks toward the 38.2% retracement target

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USDCAD moves to a new low and tests a key swing area

The USDCAD is trading to a new low and in the process is testing the low from yesterday and swing area down to 1.28929

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A technical look at the EURUSD, GBPUSD and USDJPY to start the trading day on July 19, 2022

What levels are in play for the 3 major currency pairs today

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AUDUSD technical analysis

See the complete technical analysis for the Aussie dollar vs the US dollar here https://www.forexlive.com/technical-analysis/audusd-technical-analysis/

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Another crypto trade lost? This simple rule will probably save your ass next time.

If you have been trading crypto, you have been there... and it can happen when trading many other assets as well.

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