Category Archive: 4.) Forex Live

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The AUDUSD story changed today with buyers taking control. Want to hear the new chapter?

2023-07-12

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In this video, we unveil the new chapter of the AUDUSD story, where buyers have assumed control in response to risk-on flows. The pair experienced a significant upward surge today, but what lies ahead? Join us as we analyze key support and resistance levels, chart patterns, and market dynamics to provide insights into the potential future movements of AUDUSD.

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USDJPY continues it tumble to the downside. Down over 650 pips over the last 5 days

2023-07-12

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In this video, we dive into the ongoing downtrend of USDJPY, which has experienced a substantial decline of over 650 pips in the past 5 days. The sellers are relentlessly pushing the pair towards key daily technical targets. Join us as we analyze the critical support and resistance levels, chart patterns, and trend indicators to gain insights into the driving forces behind USDJPY's significant decline.

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EURUSD technical update: EURUSD breaks to new 2023 highs. What next for the pair?

2023-07-12

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Join us as we analyze the recent technical developments in EURUSD, where the pair has broken to new highs for 2023. The buyers remain in control, propelling the pair higher amidst a market in motion. In this video, we delve into key support and resistance levels, chart patterns, and trend indicators to provide insights into potential future movements of EURUSD.

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Post the BOC rate hike, what are the technical telling us in the USDCAD

2023-07-12

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In this analysis, we examine the technical implications of the Bank of Canada (BOC) rate hike on USDCAD. The pair has approached the 50% midpoint of the move up from the October 2021 low, located at 1.3132. Furthermore, the year's low has reached 1.31157. Join us as we explore key support and resistance levels, chart patterns, and trend indicators to provide insights into the potential future movements of USDCAD.

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GBPUSD moves higher and toward 2023 highs and the key 1.3000 level

2023-07-12

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The GBPUSD is moving sharply higher after the better-than-expected CPI data and in the process is looking to test the next swing area targets on the daily chart up to the 1.29987 level. Of course, the natural resistance at the 1.3000 level is also a key target. The price has not traded above that key level since April 2022. Buyers remain in control technically after US CPI data.

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The EURUSD is higher after the US CPI and approaches the highs from 2023

2023-07-12

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In this analysis, we explore the recent price action of EURUSD, which has surged higher following the release of better-than-expected CPI data. The pair is currently testing a key swing area between 1.10669 and 1.1075 as it approaches the highs from 2023 at 1.1091 and 1.1095. Join us as we analyze the significance of these levels and discuss the potential implications for EURUSD's further upside momentum.

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AUDUSD shifts short term bias back higher with daily MAs looming to the topside

2023-07-10

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AUDUSD shifts short term bias back higher with daily MAs looming to the topside. The pair has the 100 and 200-day MAs above at 0.6684 and 0.66963 repectively. Last week, the price moved above those MAs but stalled ahead of the next target at the 38.2% retracement at 0.6711.

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Killing two birds with one stone: A technical early week look at the EURUSD and USDJPY

2023-07-10

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In this video, we conduct a technical analysis of both EURUSD and USDJPY pairs, providing an early-week overview of their price action. Both pairs have experienced up-and-down movements as the trading week commenced. Join us as we examine key technical levels, support and resistance areas, and chart patterns that have influenced the price action of EURUSD and USDJPY.

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The GBPUSD falls toward 100 hour MA and swing area to start the trading week | ForexLive Video

2023-07-10

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In this ForexLive video, we take a close look at the first price change of GBPUSD as the trade week starts. The pair has gone down and is close to a big swing area and the 100-hour moving average. We talk about how important these levels are and how they could affect how the price of the pair changes. We also talk about how GBPUSD got into trouble at the June high on Friday, which caused a drop in today's trading session.

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Russell 2000 Technical Analysis

2023-07-10

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

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USDJPY extends below its 38.2% retracement level and lower swing area.

2023-07-07

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The USDJPY trades at the lowest level since June 22. The range for the day is up to 210 pips well above the 22 day average at 109 pips.

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USDCHF remains in an up and down trading range but with a bearish bias. Here is why.

2023-07-07

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A technical look at the USDCHF as it plods along within a 116 pip trading range. Find out the technicals that are driving traders and this currency pair.

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The USD moved lower initially after the US jobs report but some downside limitation

2023-07-07

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A bounce back higher in the USD from session lows

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A look at the EURUSD key technical levels ahead of the US jobs report

2023-07-07

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The EURUSD stays below the 200 hour MA

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GBPUSD Technical Analysis

2023-07-07

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

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Through the upa and downs today, the EURUSD has defined key support/resistance levels

2023-07-06

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The ups and downs levels in the EURUSD may contain the price action before the jobs data tomorrow. Traders will then look for a break and run.

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Nasdaq and S&P indices move below 100 hour MAs. Can sellers keep the lid on the indices?

2023-07-06

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The short term bias shifts to the downside with the price moving below the 100 hour MA. Can the sellers stay in control?

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Do you need a technical look at the GBPUSD? Here it is.

2023-07-06

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The GBPUSD buyers made a play earlier, but the ADP changed that idea

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USDCAD runs higher to test the 38.2%, but backs off. What next?

2023-07-06

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In this video, we analyze the recent price action of USDCAD as it runs higher to test the 38.2% Fibonacci retracement level but faces selling pressure. The key level of 1.33213, representing the 38.2% retracement of the move down from the May 25 high, was briefly broken before sellers reentered the market. Join us as we discuss the significance of this price development and explore potential scenarios for the USDCAD going forward. Will the...

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USDJPY bounces higher after much stronger ADP jobs. Yields surge.

2023-07-06

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Join us as we discuss the recent price action of USDJPY, which experienced a bounce higher following the release of much stronger ADP jobs data and a surge in yields. The pair has entered a neutral area, trading between the 100-hour and 200-hour moving averages. In this video, we analyze the implications of the positive economic data and rising yields on the USDJPY, exploring potential trading opportunities within this neutral zone.

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