Category Archive: 4.) Forex Live

EURUSD consolidates strong gains this week.

In this analysis, we examine the EURUSD's impressive performance this week, consolidating substantial gains. The pair have recorded a 2.3% increase, marking the largest weekly gain since November 2022. Join us as we delve into the factors driving this significant rise, explore key technical levels, and discuss the implications for traders.

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USDCAD Technical Analysis

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

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AUDUSD approaches its highest level going to February 2023

Join us as we examine the AUDUSD's impressive rally this week, propelling the pair towards its highest level since February 2023. With a gain of 2.9% in the pair, the AUDUSD is testing critical levels, including the 61.8% retracement of the 2023 range and the June 2023 high range between 0.68899 and 0.68989. A successful break above and sustained stay above these levels would further solidify the buyers' control. In this video, we delve into the...

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USDCAD makes new 2023 lows (low going back to Sep 2022). What keeps the sellers in control?

Join us as we analyze the recent price action of USDCAD, which has reached new lows not seen since September 2022. The sellers continue to dominate the pair, but what factors are keeping them in control? In this video, we explore the key technical levels, resistance areas, and market dynamics that contribute to the ongoing selling pressure. Watch the video to gain insights into the forces influencing USDCAD and understand why the close...

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The USD is moving to new lows vs major currencies

In this analysis, we examine the recent price action of the USD as it continues to move to new lows against major currencies. The ongoing dollar selling pressure has resulted in significant breaks in some of the major currency pairs. Join us as we explore the technical dynamics, support and resistance levels, and market trends driving the USD's decline.

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GBPUSD buyers remain in full control. Biggest gain this week since November 2022.

The GBUSD is breaking higher today with the move above a swing area on the daily chart between 1.29496 and 1.3000. The price is trading above 1.3100 currently and looks toward a topside target area around 1.3135-40 up to 1.3185. Buyers are in control. The move higher this week, is the strongest since November 2022.

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EURUSD stretches to another new high and tests a key week technical level

In this analysis, we explore the recent price action of EURUSD, which has extended to another new high and is currently testing crucial technical levels. The pair is challenging the 200-week moving average at 1.11805 and a significant swing area on the daily chart around the 1.1185 region. These levels serve as a key barometer for buyers and sellers, providing valuable insights into the pair's future trajectory. Join us as we analyze the...

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EURUSD TECHNICAL ANALYSIS, WATCH 1.122

Join us at ForexLive.com for EUR/USD technical analysis. Currently, the pair sits at 1.1154, having broken upwards from a blue channel visible on the daily time frame - a bullish indication as short sellers and algorithms adjust their positions. We're also examining a red channel derived from the low points on the 15th of March and the 31st of May. Extend this channel, and we foresee possible resistance at the 1.122 area. Remember, this is an...

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S&P 500 Technical Analysis

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

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The NZDUSD breaks higher and gets close to the next key targets

Join us as we delve into the recent price action of NZDUSD, where the pair broke higher following the Reserve Bank of New Zealand's decision to keep rates unchanged at 5.5%. However, it was the release of US CPI data that truly ignited the pair's momentum. In this video, we analyze the key technical levels, support and resistance areas, and chart patterns that have contributed to the NZDUSD's upward surge.

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

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

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?

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

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

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

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

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

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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