Category Archive: 4.) Forex Live
What is key technically for the USDJPY as the new week begins
A key level on the USDJPY held support on Friday and earlier today. The technical level will be a key barometer at the start of the trading week.
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EURUSD bias tilts marginally in the sellers favor to start the trading week
The EURUSD is trading with a small negative bias in the short term to start the new trading week. The pair is trading below the 100/200 hour MAs today, giving the sellers the advantage. It will take a move above to tilt the bias more to the upside.
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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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GBPUSD Technical Analysis
Here's a quick technical analysis on GBPUSD with some fundamental background.
For more visit ForexLive.com
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EURUSD sellers test the 38.2% target at 1.0867. What next?
The sellers are working the price lower...and back down to key retracement level. Can the sellers keep the momentum going now?
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EURUSD bounces and tests a key short term resistance. Can the sellers stall the rally?
The swing area between 1.0886 and 1.0896 is being tested. Key short term barometer for the EURUSD pair.
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USDCAD buyers trying to push higher but fail at topside resistance target
The USDCAD moved above the 200-hour MA yesterday but stalled in a swing area target between 1.3271 to 1.32853.
Today, the buyers pushed against that target again on two separate occasions and stalled on both tries. That helps to neutralize the buyer's bias. What next for the pair?
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USDJPY overbought but buyers are still in control
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?
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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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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