Category Archive: 4.) Forex Live

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AUDUSD breaks above key resistance at 0.6656, but fails to sustain bullish momentum

2023-11-29

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The AUDUSD has surpassed its 200-day moving average and swing area, establishing them as support levels. However, the pair struggles to close above the 61.8% retracement, which now acts as resistance.

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Reserve Bank of New Zealand hints at possible tightening to control inflation. NZDUSD up.

2023-11-29

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Reserve Bank of New Zealand leaves rates unchanged but suggests potential future tightening to tackle inflation, pushing NZDUSD higher. Buyers and sellers battle for control as market awaits the next move.

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USDCHF test support and bounces back, boosting the dip buying traders confidence

2023-11-29

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USDCHF falls to support target area near 0.8728 – 0.8743 but rebounds, giving dip buyers confidence. What next?

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GBPUSD reverses a key retracement level, potential for further downside

2023-11-29

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The GBPUSD reached the 61.8% retracement level but failed to sustain above it, leading to a reversal. Traders cautious for a correction lower would want the price to stay below this level at 1.27189.

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USDJPY falls below 100-day moving average, Investors eyeing 148.000 level. Sellers had their shot.

2023-11-29

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The USDJPY fell below the 100-day moving average for the first time since April 2023, reaching 146.66. Buyers returned as the price rose above the moving average, but breaking the 148.000 level is essential for a bullish trend.

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EURUSD weakens as German CPI disappoints, paving the way for EU CPI data tomorrow

2023-11-29

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The weaker than expected German preliminary CPI data has led to a softer EURUSD in trading today, setting the stage for the upcoming EU CPI data. A move below key retracement levels could turn buyers into sellers, while holding support may lead to a bullish bias.

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A BOUNCE in BABA stock price? | ALIBABA stock chart analysis | Market Outlook with Exness

2023-11-29

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In this week's Market Outlook with Exness, we are diving into Alibaba Group Holding Ltd's stock, aka BABA stock. You're in the right spot for key trading insights! 📈 We delve deep into the Alibaba stock chart, examining the significant 25% value drop since July. Is there a glimmer of hope on the horizon for BABA stock? We'll explore if the overall trend for Chinese shares could signal a recovery for BABA. 📊 Plus, we'll assess the current demand...

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WTI Crude Oil Technical Analysis

2023-11-29

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

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RBNZ Decision: Key barometer for buyers and sellers at a dual technical level at 0.6092.

2023-11-28

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Will the Reserve Bank of New Zealand's interest rate decision shift the NZDUSD bias? Currently above key technical levels, traders should watch for a move below 0.6092 for more bearish clues

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USDJPY breaks key support level, eyes on 100-day MA

2023-11-28

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The USDJPY plummeted below the crucial 147.33 support level, increasing the bearish bias. Traders to now anticipate a potential bounce off the 100-day moving average at 146.90.

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EURUSD soars to new heights, bulls take charge

2023-11-28

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The EURUSD pair is extending its range to the upside, with buyers pushing the price higher. Moving above key retracement levels, the pair is aiming for further gains, targeting swing area ceilings and showing strong bullish momentum.

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USDCAD retreats as dollar selling strengthens, technicals indicate bearish momentum

2023-11-28

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The USDCAD is moving lower as sellers gain control, with the 38.2% retracement level as a key risk. Breaking the 100-day moving average could further increase bearish bias.

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AUDUSD Breakout: Bulls gain control as price surges above key levels

2023-11-28

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The AUDUSD broke above the 38.2% retracement and the 200-day moving average, signaling a bullish momentum. Buyers are taking control with resistance expected at 0.67000 and 0.67134.

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Maximize low risk trading opportunities in USDCHF with these expert tips

2023-11-28

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Discover how to take advantage of low risk trading opportunities in USDCHF and gain a technical edge in your trades.

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Kickstart your FX trading on Nov 28 with a technical look at the EURUSD, USDJPY and GBPUSD

2023-11-28

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The low to high trading range in the EURUSD and the GBPUSD are very narrow today. There is room to roam.

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EURUSD Technical Analysis

2023-11-28

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

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Platinum’s possible breakout | Market Outlook with Exness

2023-11-28

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In this week's Market Outlook with Exness, we see that platinum is poised for a potential breakout from its downward trend in the coming days, following a solid short-term rebound that countered its previous decline. Current market dynamics for metals, platinum included, are heavily influenced by the Fed's less aggressive stance in light of the USA's easing inflation. However, this positive sentiment is somewhat tempered by reduced demand from...

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Gold could recover | Market Outlook with Exness

2023-11-28

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In the near future, gold might bounce in a primarily technical move as the price emerges from oversold conditions and the appetite to push lower appears limited. At the Fed's next meeting in a month, the funds' rate will likely remain at 5.25-5.5%, which is the primary narrative. Nevertheless, this idea may be invalidated if the American inflation data are surprising.

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USDJPY makes new session lows. Seller making a play. Can they keep the momentum going?

2023-11-27

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The USDJPY is making new session lows and in the process is moving below last Tuesday's high and last Wednesday's low. That level comes in at 148.59. Going forward getting and staying below that level will keep the sellers more in control.

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EURUSD high today stalls at retracement level again

2023-11-27

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What next for the EURUSD?

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