Category Archive: 4.) Forex Live

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A trade plan for natural gas futures

2022-11-30

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The example shows a real setup and possible trade plan, but more than that, it shows swing traders in general how to look and plan their entries (with a technical reasoning and trigger), and their stop loss as well as take profit targets, as they assess their 'risk reward ratio' (also mentioned as reward vs risk ratio, which is the more precise description of the ratio itself). And how a higher or lower ratio relates to the probability of them...

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EURUSD fails on the try higher today. Sellers look to take back more control.

2022-11-29

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What sellers need to do, to keep control in the short term for the EURUSD.

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FOREX QUICK: AUDUSD and NZDUSD retrace back below MA support

2022-11-29

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Sellers in the AUDUSD and NZDUSD have taken the pair back below MA support in the short term. Can the sellers maintain control after the failed break above resistance targets?

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Nasdaq technical analysis for 29 Nov

2022-11-29

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Today is looking good for the bulls. Watch the price levels where bulls can take partial profit, and where the bullish premise might change.

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Nasdaq technical analysis: Bears taking it to 11570 ?

2022-11-28

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I like to look for a 'story' that a chart tells me (in my opinion) and also follow charts in hindsight to learn where those stories developed, where there were hints on the way, etc. For example, if there was a failed breakout up, bulls are trapped, and will be disappointed, which hints on more down. Or if a key level was almost tested but market is still indecisive or weak, that it will probably be retested again. Markets love to poke around and...

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The forex week ahead. A look a the risk and bias defining levels for the week starting November

2022-11-26

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The week ahead has as catalysts the US jobs report on Friday where the NFP is expected to add a less than trend 200K jobs. Before that the Fed Chair Powell will be speaking at the Brookings Institute on Wednesday. Two key events that are a prelude to the Fed decision later in the month. In the video, Greg Michalowski of Forexlive, also looks at the technicals that are driving the bias and risk levels for the major US currency pairs vs the US...

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The USD is making new highs in early NY trading. What are the charts telling us?

2022-11-25

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A look at the EURUSD, USDJPY, GBPUSD and the USDCHF to start the trading day. The USD is moving higher in early NY trading helped by rising yields. The EURUSD, GBPUSD, USDJPY and USDCHF are trading to new extremes as a result. What next?  What key levels are in play and why?  Learn by watching the morning forex report.

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ES technical analysis as it gets close to 4050 area.

2022-11-24

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The following shows a speculative and unconfirmed channel, since confirmed onces must have at least 2 touch points on each lower and top band of the channel. However, this is one method of ANTICIPATING the next junction to watch, assuming other traders and algos will be looking at that possible touch point and channel and it is created, if it will be created. Till now and since our last call, via the comments are on ForexLive.com (do follow the...

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November 23, 2022: The morning forex technical report with Greg Michalowski of Forexlive

2022-11-23

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The forex technical report for November 23, 2022. In the report, Greg Michalowski of Forexlive.com outlines the key technical levels in play and outlines the bias for traders today.

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Nasdaq technical analysis in 60 seconds. Bullish.

2022-11-23

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Nasdaq is looking bullish as buying volume dominates the double bottom pattern and the daily candles are above the 20 EMA (exponential moving average).

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The Morning Forex Technical report for November 22, 2022

2022-11-22

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The EURUSD, USDJPY, GBPUSD and USDCHF are covered in the morning forex technical report by Greg Michalowski at Forexlive.com. The morning forex technical report for November 22, 2022 takes a look at the EURUSD, USDJPY, GBPUSD and USDCHF to get the trading day started.   What levels are in play? What are the bias' and why?  Find out by watching and learning.

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The morning forex technical report for November 21, 2022

2022-11-21

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A technical review of the major currency pairs as Monday trading in the US gets underway. In the morning forex technical report for November 21, 2022, Greg Michalowski of Forexlive.com outlines the key levels in play as the USD starts the week with a bid.

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Russell 2000 technical analysis in 30 seconds.

2022-11-21

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Looks like RTY is headed towards the area close to the 1800 round number, next. Watch the double technical support as mentioned within the chart. Updates may be provided within the comment section on: https://www.forexlive.com/technical-analysis/russell-2000-technical-analysis-in-30-seconds-20221121/

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The weekend forex technical report for the week starting November 21, 2022

2022-11-20

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Greg Michalowski of Forexlive.com looks at the technicals that are driving the forex market heading into the new trading week starting November 21, 2022. In the video, he looks at the EURUSD, USDJPY, GBPUSD, USDCHF, USDCAD, AUDUSD and the NZDUSD

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The US morning technical report for November 18, 2022

2022-11-18

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EURUSD, USDJPY, GBPUSD, USDCAD and NZDUSD all covered. In the morning forex technical report from Greg Michalowski, the markets are seeing some consolidation in most of the pairs into the US session.  - The EURUSD is battling around its 100 hour MA with the 38.2% holding support earlier this week on the downside and the 200 day MA looming above as a key resistance level that was broken this week, but could not sustain momentum. - The USDJPY is...

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The USD moves higher today. What does that mean for the EURUSD, USDJPY, GBPUSD and USDCAD?

2022-11-17

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A technical look at 4 major currency pairs to start your trading day. In the morning forex technical report, Greg Michalowski of Forexlive takes a technical look at the price action impacting EURUSD, USDJPY, GBPUSD and the USDCAD in early North American trading. What next? Get in synch with the market and the technicals as they help define the bias and the risk for your trading.

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Natural Gas is bullish since bears got busted. An example of ‘Bulkowski’s Busted Pattern Setup’.

2022-11-17

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What is unique about this Natural gas (NATGAS) technical anlsysis is that it presents a busted pattern setup. According to Tom Bulkowski and 'Bulkowski's Busted Pattern Setup', when the price breaks out in one direction, moves less than 10% away from the breakout price, then reverses, and then breaks out in the new direction, this is known as a broken pattern. When a pattern is broken, prices often start moving in a new direction, which creates...

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Tesla price forecast: Watch for $163.20 gap fill

2022-11-16

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It's probably not time to be buying TSLA stock yet. This is a followup to this post asking if one should buy Tesla right after earnings, posted on ForexLive.com on Thursday, 20/10/2022 https://www.forexlive.com/technical-analysis/tesla-technical-analysis-should-i-buy-20221020/ Trade Tesla stock at your own risk.

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VIDEO:The retail sales? Impressive. It keeps the Fed on target. What about the technicals?

2022-11-16

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A technical look at the EURUSD, USDJPY, GBPUSD, and USDCAD. The retail sales data came in better than expectations this morning - inflation adjusted too - and that will keep the Fed playbook of continued hikes in the near term in motion. The Fed may slow the pace, but they will continue to fight inflation.  The EURUSD moved higher earlier today but has backed off after the data. The 200 day MA is key resistance on the topside that is helping to...

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The USD moves lower after the better PPI data. Can the momentum continue?

2022-11-15

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The USD has moved lower after the weaker than expected PPI data. Stocks are higher with the Dow futures implying a gain of 375 points or so. The S&P is up about 75 points and the Nasdaq is up about 320 points. Yields are lower with the 10 year down -8.4 basis points at 3.782%.   In the forex, - The EURUSD moved above its 200 day MA at 1.0428, and ran to a high of 1.0480, but has moved back to retest the 200 day MA.  Key level today....

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