Category Archive: 4.) Forex Live

Filter archive by: Show All Show only Articles Show only Videos

A technical look of the major US currency pairs for October 10, 2022

2022-10-10

by

The day after the better than expected US jobs report is seeing a modestly higher USD. - The EURUSD and GBPUSD are lower but consolidating near low levels. - The USDJPY remains above the 145.00 level as they brave potential intervention, but it is hard to fight the fundamentals in that pair. - The USDCHF is higher and trading above its September highs as it now looks toward the 2022 highs.  - Finally, the USDCAD is consolidating with a short...

Read More »

Jobs. Inflation.The Fed.

2022-10-10

by

The US jobs report is in the rear view mirror. Inflation is this week. The Fed? They are on track to move to more restrictive policy.

Read More »

Bitcoin may heading towards $10k

2022-10-10

by

Here is a 4 to 1 trade idea if it does. Trade at your own risk. See the full technical analysis for BTCUSD at ForexLive: https://www.forexlive.com/technical-analysis/bitcoin-technical-analysis-20221010/

Read More »

The EURUSD backs off from 200 hour MA test. Bears in control.

2022-10-07

by

FOREX QUICK: In a forex quick look video, Greg Michalowski of ForexLive.com reviews the price action in the EURUSD after the US jobs report. The corrective high off of the lows moved up to test a key technical target at the 200 hour MA. Sellers leaned. The price moved back down. The pair now looking to move back below the 50% midpoint of the move higher from the 2022 low. What next for the pair?

Read More »

US dollar higher after better than expected US jobs report.

2022-10-07

by

Fed tightening course is still on track after jobs data shows little let up. The US dollar has moved higher after the better than expected report does not pour any water on the expectations for a Fed let up any time soon.  US stocks are tumblingYields are moving higher as well.What are the charts telling us in the major currencies. In this video I outline the technicals (start times in parentheses).  Review of the employment data and markets (up...

Read More »

Some key technical levels for the EURUSD, GBPUSD and USDCAD going into the jobs reports

2022-10-07

by

Both the US and the Canadian jobs reports will be released at 8:30 AM ET.  For a technical review of the EURUSD, GBPUSD, and USDCAD ahead of the report, click on the video below.  In it I look at the levels in play that would tip the technical bias more in the favor of the bears or the bulls given data outside the expected range.

Read More »

AUDUSD falls toward low from yesterday. What next as markets prepare for US jobs report?

2022-10-06

by

The AUDUSD is moving to a new low and in the process is testing the low of a up and down trading range.  That level should find support on the dip. The 100/200 hour MAs are now topside resistance in what is an up and down market for the pair as it waits for the next shove.

Read More »

OCTOBER 6, 2022:The morning forex technical report.The USD is stronger with the US jobs due tomorrow

2022-10-06

by

The EURUSD, GBPUSD, USDJPY and USDCHF all have their 100 hour MAs in play as trading consolidates with a dollar higher bias ahead o the key NFP report.  Traders are trading with focus on the key technical barometers which should lead the way as they define and limit the risk.

Read More »

EURUSD and GBPUSD have similar price action moves to hourly MA support. What next?

2022-10-05

by

Both the EURUSD and the GBPUSD moved lower in trading today and in the process erased much of the gains from yesterday.   Each also saw the price move below their respection 100 hour MAs (rising) and fail on those breaks. The corrective moves  have seen a rebound to shorter term upside targets that would give the buyers more hope IF the targets and momentum would continue.   IN this video, I outline the targets needed to be broken and explain...

Read More »

EURJPY ping pongs between swing high resistance and swing low/MA support

2022-10-05

by

Traders play the range with sellers more in control today

Read More »

USDCAD follows the USD higher. Trades back above 100/200 hour MAs

2022-10-05

by

Despite the higher oil, the USDCAD is moving higher today (lower CAD). The USDCAD is moving higher back above its 100/200 hour moving averages near the 1.3666 area. Stay above keeps the buyers more in con from a shorter-term technical perspective.

Read More »

Why is the 11130 area in the Nasdaq index so important this week?

2022-10-03

by

If you were to take a short to long term view of the Nasdaq index the move higher today based nicely against key support on the daily chart. However if you were to drill to the hourly chart, the index is finding some resistance near downward sloping trend line and ahead of the high from last week (on Wednesday) and the falling 100 hour MA.  

Read More »

FOREX QUICK: GBPUSD rotates back toward 4-hour MA support

2022-10-03

by

The run to the upside in the GBPUSD is running out of steam and rotates back toward MA support. The GBPUSD ran higher in NY trading but is seeing a rotation back toward the broken 4-hour 100 bar MA level.  Can the pair stay above that and keep the buyers in more control?

Read More »

October 3, 2022: A review of the major technical levels in play for the major currency pair and why.

2022-10-03

by

0.40 - EURUSD - The EURUSD has moved away from the overhead resistance near the 50% midpoint of the move down from the October higher and rotates back toward the 200 and 100 hour MA barometers on the downside. 

Read More »

NVDA technical analysis

2022-10-02

by

The next technical analysis video for Nvidia Corp. stock shows that bulls can plan a series of buys and set buy orders at lower prices to target a reversal. I created a new approach. The 'Fibonacci Entry' Why? As the price falls, Fibonnaci orders are placed. 1 NVDA is purchased Then 2 NVDA stocks are bought at a lower price Then 3 NVDA stocks are bought at a lower price 5, 8, 11, etc. You decide the series' length. So are entry prices (which...

Read More »

Twitter stock analysis: Using Finviz to find an interesting lead when the stock market is down

2022-10-01

by

Musk began buying Twitter for $44 billion in March. Some believe Musk's contract was a mistake, and they point to the fact that he's eager to expose his dirty laundry in court as proof. Musk may be ordered to buy Twitter against his will but I leave those considerations, and focus on the relative strength of Twitter's (TWTR) stock price and technical analysis. TWTR stock has been strong while its US peers have been selling. And how Twitter...

Read More »

FOREX QUICK: EURUSD rebounds from new 2022 lows and tilts short term bias back to the upside

2022-10-01

by

The EURUSD moved to a new low going back to 2002 this week, but rebounded into the close for the week and is closing with a short term bullish bias. Could the low be in for the pair? In this video, I outline the levels that would keep the bias more bullish, and the key targets to get to and through to increase that bias.

Read More »

FOREX QUICK: A record low for the GBPUSD, but the closing level for the week is short term bullish

2022-10-01

by

The GBPUSD moved to a new all time record low this week. However, by the close, the price had rebounded and is closing the week with a more bullish bias in the short term. What needs to be done to keep the ST bias intact in the new trading week?

Read More »

FOREX QUICK: The USDJPY is still dealing with the BOJ intervention extremes.

2022-10-01

by

The USDJPY has the ghost of the verbal and actual intervention extremes to deal with near the 145.00 level and above. The highs this week respected the 145.00 level, but is closing the week near the level. Can the sellers continue to keep the lid on the pair and perhaps push lower in the new trading week?

Read More »

FOREX QUICK: USDCHF closes with more of a bullish bias. Can the buyers keep the momentum going?

2022-10-01

by

The USDCHF closed the week with more of a bullish bias in an up and down week. Can the buyers in the new trading week keep the momentum going?

Read More »