Category Archive: 4.) Forex Live

The NZDUSD is trading near lows for 2023 ahead of RBNZ rate decision. What are the key levels?

A look at the targets above and below for the NZDUSD

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USDCAD uses moving averages as support and last week’s high as resistance.

Explore the intriguing movements of USDCAD! Join us as we dissect the price action above the 100-hour and 200-day moving averages at 1.3445, and unveil the significance of the swing level near 1.3500 from last week.

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GBPUSD higher on the day, but there is up and down volatility too

IF the price of the GBPUSD can stay above the 100 and 200 hour MAs, the bias is higher in the short term for the pair. Watching a break above 1.2739 for a more bullish clue in the short term.

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The USDJPY is up for 6-days in a row, can it be 7 today?

The price of USDJPY is trading near unchanged as the market digests a lot of data and events. Watching the close from yesterday at 145.54 for a short term bias today.

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EURUSD whips around as markets react to economic data, and Fitch, and stocks and China and yields

There is a lot going on today with retail sales which came in better-than-expected, a Fitch warning about US Bank ratings, stocks moving lower, China cutting rates unexpectedly in reaction to slower growth, yields moving higher and then back down. What levels are key for the EURUSD technically? will talk about it in the morning technical review of the EURUSD.

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EURUSD Technical Analysis

Here's a quick technical analysis on EURUSD with some fundamental background. For more visit ForexLive.com

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NZDUSD – like the AUDUSD – trades to a new low for the year but bounces.

What is needed to give buyers in the NZDUSD more control?

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What do buyers in the AUDUSD need to do to take back more control?

AUDUSD trades to new low for the year, but momentum fades. Can buyers take back control?

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USDCAD traders try to stay above its key 200 day MA

The 200 day MA at 1.34478 in the USDCAD and traders will be eyeing that level for support. Staying above and then moving above the 50% midpoint at 1.34766 would increase the bullish bias.

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GBPUSD is looking toward its 100 day MA at 1.2611. Key MA target for the pair.

GBPUSD has swing area support near 1.2590 to 1.26239 on 4-hour chart

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EURUSD moves below its key 100 day moving average at 1.0930

The price of EURUSD also moved below the 50% midpoint of the range since January 2021 at 1.0942

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USDJPY extends to new highs and above 145.00 for the first time since November 2011

The price of the USDJPY is between swing area between 144.984 and 145.90.

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Russell 2000 Technical Analysis

Here's a quick technical analysis on the Russell 2000 with some fundamental background. For more visit ForexLive.com

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NZDUSD trades to a new low for the week and trades below the 50% midpoint

Dive into a comprehensive analysis of the NZDUSD pair as we explore its recent price movements and trends. In this video, we dissect the significance of the pair trading to a new weekly low and dipping below the crucial 50% midpoint.

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What are the charts telling us for the EURUSD, USDJPY and GBPUSD?

Join us for an insightful technical analysis of three major currency pairs – EURUSD, USDJPY, and GBPUSD. As we approach the European trading session, we uncover what the charts have to say about these influential pairs. Discover potential trends, key support and resistance levels, and important price action signals that could shape your trading decisions.

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EURJPY pushes against ceiling area. Key area for both buyers and sellers in the pair.

Join us as we delve into the intriguing movements of the EURJPY, which is currently testing a critical ceiling area spanning from 157.90 to 158.046. This week's price action has brought the pair closer to this significant resistance, raising questions about a potential breakout. Discover the historical context of this level and its implications for traders. We explore scenarios for both bullish and bearish outcomes, shedding light on the dynamics...

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AUDUSD sellers in control. Find out why in this technical video analysis.

Dive into the dynamics of the AUDUSD as sellers approach August lows and grapple with a significant daily chart swing area dating back to September 2022. Join us as we dissect the factors influencing the bearish bias and explore the potential catalysts that could impact the currency pair's future direction. Uncover the critical levels to watch and gain valuable insights into the evolving market sentiment.

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The GBPUSD bias is more bearish short term, but more bullish long term. What next and why?

Join us as we dissect the intricate relationship between the upcoming US CPI report and its influence on GBPUSD. Delve into the contrasting short-term bearish bias and the technically bullish stance on the daily chart. Discover the crucial levels that will shape the market's future direction and gain insights into potential trading opportunities that lie ahead.

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It is time to get ready for the US CPI. What levels are key for the EURUSD?

Join us for an insightful analysis of the ongoing battle between buyers and sellers as the current price action toggles above and below the critical 100/200 hour Moving Averages (MAs). Gain valuable insights into the dynamics at play and uncover potential trading opportunities in this intriguing market scenario.

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USDJPY ticks to a new high and moves away from a key swing area in the process

Explore the USDJPY's impressive 3-day consecutive rise and its potential implications in this comprehensive analysis. Discover how the price has surged above a critical swing area ranging from 143.44 to 143.54, establishing a new risk level for traders. Staying above this level could signal a more bullish sentiment, while a move below may trigger a downside retracement following the break. In anticipation of the upcoming US CPI release, where...

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