Category Archive: 4.) Forex Live

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VIDEO: A follow-up to the GBPJPY trade idea. Did the anticipation work?

2022-11-02

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Yesterday, Greg Michalowski of ForexLive.com looked at the GBPJPY. The hourly chart showed 6 separate tests of the 200 hour MA and support buyers leaning.  With 6 separate tests, traders who are looking for more downside in the pair, can anticipate a break below with momentum. Moreover, risk could be defined and limited on the break. There was indeed a break of the 200 hour MA in the trading day today, but the momentum stalled a short time...

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It’s FOMC Day:What technical levels are in play ahead of the rate decision? Be prepared!

2022-11-02

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A technical look at some of the major currency pairs and why for your pre-FOMC preparation. In this video Greg Michalowski of Forexlive, outlines the technical levels in play for some of the major currency pairs through the FOMC rate decision.   If you trade technically, the price action and technical tools applied to the price action, define the bias and the risk.  Knowing what levels that are in play, allow traders to game plan in case they...

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VIDEO: Are you anticipating the next trade? The GBPJPY technicals are setting up a trade.

2022-11-01

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The last 6 tests of a key technical in the GBPJPY have seen a bounce. What would you expect if it doesn't bounce. Traders need to react...yes. They also need to anticipate the next low risk trade. The GBPJPY has a trade setup that might open the door for a low risk/high reward trade, but you have to be ready for it.

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The USD is the weakest of the major currencies ahead of the FOMC rate decision tomorrow

2022-11-01

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The morning technical video looks at the price action dominating in the EURUSD, USDJPY, GBPUSD and USDCHF. The USD is the weakest of the major currencies in trading today ahead of the Fed rate decision as markets react to the hope of China abandoning their zero-covid policy.  Stocks are higher. Yields are lower.  Hopes are the Fed is more dovish tomorrow or at least they signal the near end of policy rate hikes.   - EURUSD (2:04)- The EURUSD is...

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Coffee Price Forecast: Looking Strong!

2022-11-01

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The price of coffee is predicted to rise for the rest of 2022 and into 2023, based on the following technical analysis and price chart of coffee futures, provided by ForexLive.com For additional perspectives on a variety of financial assets, please visit: https://www.forexlive.com/technical-analysis Trade cofee futures at your own risk.

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Three down.Three to go. The RBA, BOE and Fed will be the next CBs to report policy changes

2022-10-31

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IN the weekend report, I also look at the technicals that will drive the major currency pairs in the new trading week

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Russell 2000 technical analysis

2022-10-30

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There is a double magnet pulling price to 1885 to 1900 where partial profit taker will probabably be waiting. But on the medium term, this will probably be temporary selling within a bigger bullish reversal up.

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Apple stock forecast for 2023: Going to $170

2022-10-29

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37 analysts have predicted a 12-month median price of $180 for Apple Inc. Apple stock forecasts range from $200 to $122.

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AAPL trade plan post earnings Q4 2022 weighted average entries – Google Sheets

2022-10-29

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This is a supplement video explaining one advanced way to scale into a buy of Apple stock, part of the stock price forecast at The method includes heavier buying as the price declines, a stop loss and take profit target with a note that buyers can consider taking partial profit (eg, 50%) if the target is reached.

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The technicals are having a profound impact in the major currency pairs today.Find out why

2022-10-28

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Being in tune with the rhythm of the markets is just as important as a musician's instrument being in tune with the orchestra's instruments. If you are not in tune, you will not do well in your trading/sound well in your orchestra.  In the morning technical report, I look to get you in tune with the technicals that are driving the markets and show why. So take a few minutes to get in tune with the market.

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EURUSD moves toward session low. What next?

2022-10-27

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The 0.99515 level in the EURUSD is being eyed as the next downside target. Close risk is now the parity level at 1.0000. Say below would be the best news for the sellers now.

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The EURUSD trades above and below the parity level as the market digests the ECB rate move

2022-10-27

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The EURUSD, USDJPY and GBPUSD are analyzed in the morning forex technical report. The ECB raised rates by 75 basis points as expected, but the bias is lower. The EURUSD is trading above and below the parity level with support target at 0.9951. ON the topside, the 100 day MA did a good job of stalling the rise at 1.0088. It would take a move above that level to give the buyers more control. Right now the sellers are more in control in the short...

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AUDUSD runs higher but runs into some MA resistance. Can the buying continue?

2022-10-26

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The AUDUSD ran up to some MA resistance at the 200 bar MA on the 4-hour chart, but failed on the first look. What now?

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The USD is moving lower but seeing a little of a rebound in early NY trading. What next?

2022-10-26

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Bank of Canada rate decision on tap. The 1.3500 level defined a low. What about the upside ahead of the rate decision. The USD moved lower vs the major currency pairs: - EURUSD moved to the highest levels since September 19 and back above the parity level. The price has rotated back down to the parity level. Do buyers stall the fall and continue the upside run.  What are the charts saying? - GBPUSD is also higher on the day and rotated above...

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USDJPY cracks lower but having trouble staying below the 50% retracement

2022-10-25

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USDJPY needs to stay below the 50% retracement level at 147.727

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The morning forex technical report for October 25, 2022 looks at 4 major currency pairs

2022-10-25

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In the morning forex technical report, Greg Michalowski looks at 4 major currency pairs vs the USD.

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DAX technical analysis: Key prices to watch

2022-10-25

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The German DAX is consolidating, possibly before the next attempt to break out up. Watch these key levels and visit ForexLive.com for additional technical analysis perspectives.

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Boeing (BA) technical analysis: Looking good for Q3 2022 earnings

2022-10-25

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ForexLive.com technical analysis of Boeing stock showing the volume profile on the weekly and timely timeframe and showing signs that the next earnings report may be good for Boeing. Watch price levels within the video and visit https://www.forexlive.com/technical-analysis for additional perspectives.

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The morning forex technical report for October 24, 2022

2022-10-24

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A quick look at the EURUSD, USDJPY, GBPUSD and USDCAD to start the trading week. The EURUSD is finding support near the 100 hour MA keeping the bias in the favor of the buyers despite the declines from Friday's trade and the early Asian session run to the upside. The USDJPY moved sharply lower on BOJ intervention. The price moved down to a low of 145.45 before snapping back higher toward the 200 and 100 hour MA. The pair trades between those MAs...

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Russell 2000 technical analysis: Bulls looking fine.

2022-10-23

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Russell 2000 is the most used benchmark for "small-cap" mutual funds, whereas S&P 500 is used for large-cap equities. It's the most-quoted gauge of small- to mid-cap stock performance. Because it focuses on small-cap U.S. enterprises, it's considered an economic indicator. Bulls are looking good for the week starting 24 Oct and before the most important earnings week of the 4th quarter of 2022, where Amazon, Google, Apple,...

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