Category Archive: 4.) Forex Live

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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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Nasdaq futures technical analysis in 5 minutes

2022-11-15

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NQ analysis starting 15 November. Watch a level for bulls to strengthen their control, or for bears to regain it.

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FTX lacked in their risk focus & the rest is history.That and a CPI miss led to a USD rout

2022-11-14

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The weekend forex technical report too. RISK Or lack thereof, led to the demise of the FTX currency exchange last week. That story led to sharply lower digital currencies, including a 92% decline in the FTX token FTT.   From an economic perspective, the US CPI proved to be the binary release that many thought it would be. The subsequent wave sent the USD sharply lower, the stocks soaring and yields lower in the US (the USD is driving the global...

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Dow Jones technical analysis till the end of 2022

2022-11-13

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Dow Jones futures is looking bullish till the end of year 2022, and probably heading to 35000. Visit ForexLive.com for additional technical analyses.

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S&P futures technical analysis

2022-11-13

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FTX coin: Seeing the signs of weakness via weekly technical analysis

2022-11-13

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Look at technical signs hinting on the significant weakness of FTX coin, even before the sh*t hit the fan. Similar signs will return in the future. Visit ForexLive.com for additional perspectives.

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Has the US dollar topped?

2022-11-13

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Last week's US dollar decline was one of the largest ever. What's driving the move and how to know it will last.

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Here we go. CPI ahead. What levels are in play?

2022-11-10

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A look at some of the key levels in play for the major currency pairs. The US CPI will be released at the bottom of the hour. Risk is increased so be careful.  Don't confuse gambling with trading.  However, if stronger than expectations or weaker we could see some good trend like moves. So know your levels that define the bias and your risk.   What levels are in play for the major currency pairs? I look at the  EURUSD, USDJPY, GBPUSD, USDCHF and...

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NZDUSD bounces near 100 hour MA/broken 38.2% retracement. What now?

2022-11-09

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The NZDUSD has bounced off a target support level after correcting lower from a key resistance level during trading yesterday. The buyers and sellers are lining up against the target support and resistance levels with the buyers trying to keep technical control.

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The USD moves higher after 3 days of declines. Technical levels did help reverse the bias.What next?

2022-11-09

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Greg Michalowski of Forexlive takes a technical look at the EURUSD, USDJPY, GBPUSD and AUDUSD to start your trading day in the US. The USD moved lower for 3 consecutive days (the US stocks moved higher as a result). That move is seeing some retracement today. Technical targets were reached in a number of currency pairs to help the reversal. The move back higher in the USD is taking back some bearish technical breaks. EURUSD: The EURUSD is moving...

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The USDCAD made break down.The AUDUSD & NZDUSD held below some solid resistance.What next?

2022-11-08

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A technical look at the USDCAD, AUDUSD and NZDUSD.

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The USD has seen a little move higher vs the EUR and GBP. The USD is lower vs the JPY.

2022-11-08

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What is driving those currency pairs from a technical perspective as US voters go to the polls? It is election day in the US with the House elections and some key Senate seats up for grabs. The USD is mixed with the greenback higher vs the EUR and GBP in early NY trading, but lower vs the JPY.   What is helping to drive those three currency pairs in early NY trading? What levels are in play for trading today and going forward?

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The USD is lower to start the trading week, piggybacking on the declines on Friday

2022-11-07

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What at the technical levels in play today In the morning forex technical report, Greg MIchalowski of Forexlive.com looks at the major currency pairs and outlines the bias and levels in play to start the trading week. ON Friday, the dollar moved helped by the technicals. That trend has continued into the trading today.   In the report today, I take a look at the EURUSD, USDJPY, GBPUSD and the USDCAD.

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The Fed and jobs are behind. Inflation is ahead

2022-11-06

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In this video, Greg Michalowski of Forexlive.com reviews the Fed and the US jobs report and previews the CPI data ahead. He also looks at the technicals that define the bias and the risk levels for the major currencies vs the USD. EURUSD (9:45) USDJPY (14:10) GBPUSD (15:38) USDCHF (17:00) USDCAD (18:48) AUDUSD (20:30) NZDUSD (21:46)

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EURUSD moves to a new high. Tests the July swing low at 0.99515

2022-11-04

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The EURUSD is moving to a new session high and in the process is up testing one of my old favorite levels.  The 0.99515 level.  That level was the swing low back in July after the price broke below the parity level for the first time. In September the price moved down to test it, before breaking to the cycle low for the year. Last month, the pair used the level as a risk defining target as well. We are back testing it. A move above would have...

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