Category Archive: 4.) Forex Live

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USDJPY overbought but buyers are still in control

2023-06-29

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Trending markets can get overbought and stay overbought. That is the case with the USDJPY. It has been up 6 of the last 7 days (and up strongly in June), and the RSI on the daily is overbought, but trending markets can get overbought and overbought and overbought. Having said that the pair has a topside channel trend line along that could be a level to lean against. Also the low of a swing area on the daily chart. Both are near the 145.00 area....

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GBPUSD falls to support target at 1.2599. Can the price move below the target?

2023-06-29

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The better claims and GDP sends the USD higher and the GBPUSD lower. The price low has moved down to a downside target at 1.2599 (call it 1.2600). A move below that level is needed to increase the bearish bias technically today.

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EURUSD bias shifts back to the downside after better US data, but support still holding

2023-06-29

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The EURUSD value area low at 1.0867 to 1.0896. Needs to be broken and remain broken.

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S&P 500 Technical Analysis

2023-06-29

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Here's a quick technical analysis on the S&P 500 with some fundamental background. For more visit ForexLive.com

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For the AUDUSD, stay below 0.6652 in the new trading day

2023-06-28

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Sellers are in firm control below 0.6652 in the AUDUSD

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USDCHF trading higher on the day with the bias tilting back to the upside.

2023-06-28

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The 100 and 200 hour moving averages at 0.8955

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The NZDUSD breaks lower and is the biggest mover. What led to the decline? What next?

2023-06-28

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The 200 day MA was broken, some weaker price data in Australia, and other technical breaks lest the pair lower

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USDCAD finally breaks above the 200 hour moving average.

2023-06-28

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USDCAD's first break above the 200-hour MA since early June

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GBPUSD tumbles lower after floor is broken at 1.2687

2023-06-28

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GBPUSD breaks belowswing area between 1.2687 to 1.26988

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USDJPY makes new eight-month highs ahead of central bankers chat. What levels are in play?

2023-06-28

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BOE, ECB, Fed and BOJ leaders to speak at 9:30 AM ET

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The EURUSD is hangin around the 100/200 hour MA (mid-range).

2023-06-28

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The EURUSD pair trades mostly in a range between 1.0890 and 1.0975

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GBPJPY Technical Analysis

2023-06-28

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

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NZDUSD ping pongs between 100 day MA above and 200 day MA below today

2023-06-27

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Traders looking for the next shove with the 100 day MA above at 0.6202, and the 200 day MA below at

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USDJPY trades to a new 2023 high but not by a lot. Buyers still in control though.

2023-06-27

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The sellers need to do more to take back control. Until then, the buyers are still winning.

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GBPUSD price action remains confined, with the 200 hour MA key on the topside

2023-06-27

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GBPUSD buyers try to make a play

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EURUSD moves to new session high continuing the run to the upside

2023-06-27

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Join us as we witness the continued upward surge of EURUSD, with the price reaching new session highs. In this video, we will delve into the key factors driving this upward momentum, focusing on the price's progression towards a crucial swing area between 1.09618 and 1.09728, which aligns with recent highs. Gain valuable insights into the technical indicators and chart patterns supporting this bullish move and explore the potential implications...

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NZDUSD Technical Analysis

2023-06-27

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Join us as we provide a comprehensive technical analysis of the NZDUSD currency pair, accompanied by essential fundamental background information. Dive into the key technical indicators and chart patterns that are currently influencing NZDUSD's movements. Gain valuable insights into the potential future trajectory of the pair based on the technical and fundamental factors at play. To further enhance your understanding, visit ForexLive.com for more...

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The USDJPY corrects lower today, but are the buyers winning? Not now.

2023-06-26

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Join us as we explore the recent correction in USDJPY, shedding light on the prevailing buyer dominance observed on both the daily and hourly charts. In this video, we will analyze the key factors contributing to the buyers' control, providing a comprehensive understanding of the market dynamics. Gain valuable insights into the technical indicators and chart patterns supporting buyer dominance and discover the potential implications for future...

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The USDCAD skims along support while resistance pushes down from above.

2023-06-26

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The battle is on in the USDCAD. Looking at the technical, the pair today stalled just above support at the 50% of the move up from the October 21 low to the October 2022 high. That level comes in at 1.3132. The low reached 1.3135 just above that level. On the topside, the high today stalled just ahead of the swing area at 1.31778. Just above that is the falling 100 hour MA. Getting and staying above each, would increase the bullish bias with the...

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EURUSD inches above 200 hour MA in early US trading

2023-06-26

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The EURUSD is now higher on the day. The EURUSD had a lid on the upside in the Asian/early European session against its 200-hour MA,  and then was pressured in the European session helped by weaker German IFO data. However, the fall has seen a rebound in the early US session and the rise has seen the price move above the 200-hour MA at 1.09145. The price is not "running" higher, but the bias is tilting more to the upside above that...

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