Category Archive: 4.) Forex Live
AUDUSD corrects higher to 100 hour MA and finds sellers. Snaps 5 day slide though.
The AUDUSD corrected higher to the 100-hour moving average and found willing sellers. The move to the upside snapped a 5-day slide. That is the good news. The not-so-good news for the buyers is the sellers remain in control below its 100-hour moving average.
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NZDUSD finds support at key levels, awaits next move
The NZDUSD tested swing and moving average support before bouncing back. Traders are watching for a breakout above 0.5906 or a drop below 0.5870 for further direction.
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USDCAD sellers are making a play Break below 100 hour MA.
Work to do on the downside for the sellers including getting below the 200 hour and 50% retracement
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Kickstart your FX trading with a technical look at the EURUSD, USDJPY and GBPUSD
In this morning video on November 13, 2023, I kickstart the Forex trading day with a technical look at the EURUSD, USDJPY and GBPUSD. What are the biases, the risks, the targets for those three major currency pairs?
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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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USDJPY closing up for the 5th consecutive day. Pushes toward 2022 multi-decade high.
The USDJPY has been up for 5 consecutive days this week. The push higher has taken the price closer to the high from 2023 at 151.71. Above that is the 2022 high at 151.93 which represents a multi-decade high for the pair.
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EURUSD reaches 38.2% retracement but fails this week, sellers take control with more work.
EURUSD fails to break above the 38.2% retracement, giving sellers the upper hand. Buyers find support at the 200-hour moving average but face resistance at the 100-hour moving average. Traders watch these levels for a potential breakout.
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USDCHF price action volatile but finds support at key technical levels today. What next?
The USDCHF has experienced ups and downs in its price action, but has found support at important technical levels like the 200-day moving average and the 50% midpoint. Staying above these levels would be bullish, while moving below them would be bearish.
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AUDUSD dips for 5th consecutive day, Testing key support levels
The AUDUSD has fallen for the 5th day in a row, breaking below key support levels. Traders await further downside towards swing lows from October for potential targets.
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USDCAD surges to new highs for the day. Topside targets eyed.
The USDCAD is extending higher, reaching new highs for the week. It is trading above a swing level at 1.3813, with the next upside target at 1.3840 - 1.38512. The daily chart shows additional resistance at 1.3860, corresponding to swing highs from October 2022. This surge marks a significant move for the USDCAD.
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Unveiling the Currency Market technically: A look at the EURUSD, USDJPY, and GBPUSD
Discover the latest insights and trends in the EURUSD, USDJPY, and GBPUSD currency pairs. Get a technical analysis of the key biases, risks, and targets, along with the longer-term daily chart outlook. Stay updated on the current market movements and potential directional breaks.
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USDJPY Technical Analysis
Here's a quick technical analysis on the USDJPY pair with some fundamental background.
For more visit ForexLive.com
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USDCHF breaks key resistance levels, maintains bullish bias
The USDCHF has climbed above its 200-hour moving average and broken the 38.2% retracement level, indicating a stronger upside bias. The price remains above the 100-hour and 200-day moving averages, further supporting the bullish sentiment. Traders await a sustained move above these levels to confirm the upward momentum.
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Jerome Powell speech interrupted by climate protestors
Jerome Powell IMF speech interrupted by climate protestors. The video feed cuts away but the audio stays live as he tells them to "close the f**king door".
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AUDUSD: Potential upside momentum as price threatens to snap 3-day decline
The AUDUSD has moved lower recently but is now showing potential for upside momentum as the price threatens to end its 3-day decline. Buyers have come in near support levels, and if they can hold above the rising 200-hour moving average, there is the possibility of a move towards the 100-hour moving average and a swing area. Stay updated on the AUDUSD's price action.
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USDCAD struggles to maintain bullish technical momentum. A deep dive into the USDCAD pair.
The USDCAD faces resistance as buyers fail to push the price above key levels and falling oil prices weigh on the upside. With the price below the 200-hour moving average, sellers are gaining confidence for a potential downside move.
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NZDUSD Holds Support, Buyers Attempt to Take Control Above Moving Averages
The NZDUSD has moved lower but found support near the swing area and is now attempting to stay above key moving averages. Buyers are showing willingness to keep control and push the price higher, but need to stay above specific levels to gain more control.
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Kickstart your FX trading with a technical look at the EURUSD, USDJPY and GBPUSD.
Get the latest insights on the EURUSD and USDJPY currency pairs in today's Forex trading update. Discover swing levels for EURUSD and key support for USDJPY, and see how market traders are battling with their biases. Stay informed and make informed trading decisions.
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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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