Category Archive: 4.) Forex Live

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What levels are in play for the GBPUSD and why through the Fed Chair speech

2023-05-19

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In this insightful video, we examine the recent price action of GBPUSD, focusing on its retracement higher and subsequent rejection at the 100-hour moving average. Sellers stepped in at the critical level, driving the price back below a significant swing area. By staying below this level, sellers maintain their dominance in the market. We also discuss the importance of the 100-hour moving average as a conservative stop level for sellers...

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GBPUSD continues move lower. What would ruin the trend move now?

2023-05-18

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Join us in this comprehensive video analysis as we delve into the current trend of GBPUSD, which is exhibiting a downward trajectory. We explore the key factors that could potentially disrupt or invalidate this bearish move. By breaking down the technical aspects driving the market, we provide valuable insights into the bias, risks, and targets for GBPUSD. Stay informed and gain a deeper understanding of the GBPUSD market dynamics by watching this...

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AUDUSD moves to new session low and new low for May 2023

2023-05-18

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The AUDUSD has been stepping lower since peaking last week. The corrective moves higher have been finding willing sellers against the falling 100 hour moving average. That has kept the sellers more in control. In trading yesterday and again today the price moved up toward that moving average and found sellers giving them the go-ahead to take the price lower from a technical perspective. The low price just extended below the early May low but only...

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GBPUSD stayed below a key hourly MA today and that gave sellers the go-ahead to push lower

2023-05-18

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The GBPUSD moved below the 100 hour moving average late in the day yesterday after a break above a failed. In trading today in the Asian session, the high found the sellers against that moving average, and it gave the sellers the go-ahead to push to the downside. That move to the downside has taken the price below the low price from yesterday near 1.2421 and also below an old swing area on the daily chart between 1.24228 and 1.2447. If the sellers...

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The USDJPY breaks to the upside after Fed Logan comments

2023-05-18

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The USDJPY is trading and breaking to the upside after Fed's Logan said that the data does not support a pause in June. The move to the upside has taken the price away from its 200-day moving average and above a swing area between 137.499 and 138.139. The price is also above the May 1 high at 137.75 and the early March high at 137.91. Those levels are now close risk for the pair.

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EURUSD falls below KEY support targets. What next?

2023-05-18

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The EURUSD is breaking to the downside and in the process is falling below its key 100 day moving average currently at 1.0805. The 50% midpoint of the move up from the March 15 low is also at that level increasing its importance. As always a price remains below the 1.0805 level the sellers remain in control and the doors open for further downside momentum.

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USDCAD moves below series of MAs today with one more to go

2023-05-17

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Join us as we analyze the recent price action of USD/CAD in this insightful video. Witness the back-and-forth movement of the pair, including today's trading session. Although the price has dipped below key moving averages such as the 100-day MA, 100-hour MA, and 200-day MA, it has found support from buyers at the 200-hour MA. The question arises: Will this last moving average be broken? Higher oil prices, up approximately $2 on the day,...

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GBPUSD rebounds after a break below downside target fails

2023-05-17

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Explore the latest developments in GBP/USD trading as we analyze the pair's rebound in this engaging video. Witness the reversal of earlier declines experienced during the London session, propelling the pair higher. The move brings GBP/USD closer to the 100-hour moving average, a level likely to provide resistance. Additionally, a swing area aligns with this level, preceded by natural resistance at 1.25000. Join us to uncover the details and...

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USDJPY makes a break for it…

2023-05-17

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Join us as we delve into the current market dynamics of USD/JPY in this informative video. Witness the pair's decisive move above the crucial 200-day moving average and a significant swing area ranging from 136.912 to 137.095. But what makes this area so important? Find out all the details and insights in this video.

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EURUSD sniffs key support target and finds early buyers

2023-05-17

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Discover the latest developments in EUR/USD trading in this engaging video. Witness the extended downward movement, bringing the pair to a new low not seen since early April. The price now approaches critical support levels, defined by the 100-day moving average and the 50% retracement of the upward move from below March 15. Key support is anticipated at the level of 1.0805, with the price reaching as low as 1.08127 today, just a few pips away from...

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The USD is moving higher vs the EUR, GBP and JPY, but is lower vs CAD after higher CAD CPI

2023-05-16

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Join us for the morning forex technical report as we examine the latest developments in the currency markets. In today's session, the USD demonstrates strength against the EUR, GBP, and JPY, while experiencing a decline against the CAD. This shift comes in response to the stronger-than-expected Canada CPI data released today. Stay updated with the morning forex technical report to gain valuable insights into the currency market dynamics and make...

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Aloha. The morning forex technical report outlines the key levels in play for key pairs

2023-05-15

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Aloha. The morning forex technical report looks at the EURUSD, USDJPY, and GBPUSD. What levels are in play? Why? What's next?

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The USDJPY Story: What the 4-hour chart tells traders about the trading bias

2023-05-12

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The USDJPY traded up and down this week with clearly defined support and resistance levels. When a break higher failed earlier this week, the price rotated lower. However, the low found support against a key MA level, giving the buyers the go-ahead to re-probe the upside. On Friday, May 12, the price moved above a key MA level, a key swing area going back to February, and the storyline took a twist with buyers taking more control. What next?...

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EURUSD trades to a new session low as selling/bearish bias increases

2023-05-12

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The EURUSD is trading to new session lows as a selling/bearish bias increases. In trading this week, the pair broke outside of a 4 – 5 week trading range. What was key was a corrective high back to that breakout level, and found willing sellers. That gave sellers the go-ahead to push lower. What next from a trading perspective?  What's the next key target? What's the close risk? Selling levels if the USD is to stay strong?

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USDJPY moves back to the comfort of the 100/200 hour MAs

2023-05-12

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In this video, we analyze the recent price action of USD/JPY and discuss the upcoming factors that could influence the pair's movement as the week comes to a close. Join us as we explore key levels and potential scenarios. Yesterday, USD/JPY sellers attempted to push prices lower, breaking below a swing area near 133.876. However, their momentum could not be sustained, leading to a bounce back higher in today's trading session. As a result, the...

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EURUSD moves to a new session low as the pair continues its break to the downside

2023-05-12

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Discover key technical breaks and the recent downside breakout in EUR/USD trading. Join Greg Michalowski of Forexlive.com as he analyzes the price action and provides valuable insights in this short video. The EURUSD has made a break to the downside in trading this week, which took the pair outside an up-and-down trading range over the last month or so of trading.  The price is moving down toward 38.2% to end the week at 1.08735. The low price...

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AUDUSD falls back below the 200 day MA

2023-05-11

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Discover the latest analysis of AUD/USD price action in this informative video. Explore key levels and developments impacting the market. Today, AUD/USD fell sharply after encountering selling pressure near the 100-day moving average. The subsequent decline took the price below the important 200-day moving average at 0.6725. Currently, the price is trading near the 50% midpoint of the move up from the April low at 0.6693, suggesting a...

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EURUSD finds support at 1.0900 and bounces. Resistance at 1.0942. Why?

2023-05-11

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In this video, we analyze the recent price action of EUR/USD, focusing on the key levels and developments that impacted the market. Today, the EUR/USD pair experienced a sharp downward movement, facing significant resistance against its 100-hour moving average during the Asia-Pacific session. The subsequent downside move found support just below the 1.0900 level. Moreover, several option expirations took place at that strike price today, adding...

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USDJPY buyers and seller square off as selling stalls. What now?

2023-05-11

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Discover the latest analysis of USD/JPY price action in this informative video. Explore the key resistance and support levels that are currently influencing the market. The USD/JPY pair recently moved lower, breaching a target level on the downside. However, selling pressure subsided, resulting in a corrective upward correction. In this video, we examine what lies ahead for this currency pair. Join us as we dive into a comprehensive technical...

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The GBPUSD retraces most of the CPI gains, but finds support

2023-05-10

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Discover the recent price action of GBPUSD as it breaks above previous highs and retraces CPI gains. Watch the 100-hour moving average and early session high for key intraday clues. Stay updated on GBPUSD technical analysis and make informed trading decisions.

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