Category Archive: 4.) Forex Live
The USDCAD bounces off support at the 200 day MA today keeping the buyers in control
Although the USDCAD price is above the 200-day MA, the 50% midpoint of the move down from the November 2023 high remains a key target needed to get above to increase the bullish bias.
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Kickstart your FX trading for Jan 18 with a technical look at the EURUSD, USDJPY and GBPUSD
The dollar strengthens as jobless claims beat expectations, impacting EURUSD and GBPUSD. Buyers and sellers look to the key barometer of moving averages. GBPUSD remains range-bound within mid-December levels.
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Gold Technical Analysis
#gold #xauusd #technicalanalysis
In this video you will learn about the latest fundamental developments for Gold. You will also find technical analysis across different timeframes for a better overall outlook on the market.
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Topics covered in the video:
0:00 Fundamental Outlook.
0:41 Technical Analysis with Optimal Entries.
1:57 Upcoming Economic Data....
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AUDUSD keeps the trend going to the downside but reaches a key swing level target. What next?
The 0.65229 level in AUDUSD was near the low today and that was a low back in November and December before running higher.
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EURUSD bounces off the 200 day MA. Buyers and sellers continue to battle
The EURUSD dipped to a new low in the early NY session but did hold the support at the 200 day MA. On the topside, swing area resistance is between 1.08788 and 1.0894.
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Kickstart the FX trading for January 17, 2024.with a look at EURUSD, USDJPY and GBPUSD
What levels are in play for the major currency pairs to start the US trading day on January 17, 2024
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Crude Oil Technical Analysis
#crudeoil #futures #technicalanalysis
In this video you will learn about the latest fundamental developments for Crude Oil. You will also find technical analysis across different timeframes for a better overall outlook on the market.
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Topics covered in the video:
0:00 Fundamental Outlook.
0:44 Technical Analysis with Optimal Entries.
1:51 Upcoming Economic Data....
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Heading into the new trading day, the GBPUSD is trying to hold above a key floor.
The GBPUSD is facing intense selling pressure, with the price breaking below key support levels. Traders are closely watching the crucial 1.2602-1.26137 floor, which will determine the direction of the pair in the upcoming trading session.
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USDJPY moves to new session highs and in doing so, moves closer to a key technical target
USDJPY gains momentum as it approaches the 100-day moving average and 61.8% retracement, setting sights on resistance at 147.45. Traders anticipate potential correction after recent upward movement.
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USDJPY Technical Analysis
#usdjpy #forex #technicalanalysis
In this video you will learn about the latest fundamental developments for USDJPY. You will also find technical analysis across different timeframes for a better overall outlook on the market.
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Topics covered in the video:
0:00 Fundamental Outlook.
2:24 Technical Analysis with Optimal Entries.
3:50 Upcoming Economic Data....
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What levels are in play for the major currency pairs to start the new trading week?
EURUSD and GBPUSD trade between 100/200 hour MAs, while USDJPY faces resistance near midpoint of downward move. Technical analysis for the week ahead as Martin Luther King Day ends.
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The playbook for 2024 trading
The big picture the question is: Will we return to a 2010s style regime of low inflation and low rates? Last week's CPI data showed that we are and I think that's a big tailwind for all risk assets.
The focus right now is on central banks but waiting longer to cut rates probably won't be bullish for risk-sensitive currencies because headwinds are mounting, particularly due to housing and immigration.
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Gold Technical Analysis
#gold #xauusd #technicalanalysis
In this video you will learn about the latest fundamental developments for Gold. You will also find technical analysis across different timeframes for a better overall outlook on the market.
----------------------------------------------------------------------
Topics covered in the video:
0:00 Fundamental Outlook.
0:37 Technical Analysis with Optimal Entries.
2:18 Upcoming Economic Data....
Read More »
Read More »
ForexLive Video
Despite closing the week with a bearish bias, the AUDUSD shows potential for a reversal as it hovers near key support and resistance levels. Traders should watch for a breakout above the swing level at 0.6738 or a breakdown below the swing area at 0.6676 for further confirmation of direction.
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EURJPY tests cluster of technical levels creating a low risk opportunity to buyers/sellers
Swing level, moving averages, and Fibonacci retracement converge, providing low-risk/high-reward possibilities in EURJPY trading.
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The ups and down in the USDCAD continue. The buyers are shifting toward more control again.
Amid a volatile trading week, the USDCAD is making a comeback as buyers regain control. The price surged above swing areas and returned to sellers, but is now back above the 100 hour moving average. To increase the bullish bias, a move above the swing area is needed.
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