Category Archive: 4.) Forex Live

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The CPI came in weaker but there are some retracements in the USD and stocks

2022-12-13

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Dollar lower but off the lowest levels. Stocks show some upside reluctance too. The USD moved lower and the stocks moved higher after the weaker CPI data, but there is some backtracking going on that needs monitoring from a technical perspective.  In this report Greg Michalowski of Forexlive.com takes a technical look at the EURUSD, USDJPY, GBPUSD, AUDUSD and the S&P and Nasdaq indices.

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S&P 500 technical analysis before Dec FOMC meeting

2022-12-12

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We are coming near an interesting technical junction at 3937. An area of tripple support on one hand, but, on the other hand, a potential break down of a bear flag. Watch the 2hr timeframe chart for ES, the S&P 500 E-mini Futures and note the patterns and price junction as the market heads into the Big Wednesday and most important day of the end of the year, the FOMC meeting. Visit ForexLive.com for additional perspectives.

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Central Banks. CPI. Technicals. The major drivers in the markets this week.

2022-12-10

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A look at the technicals in play as well for the week starting December 12, 2022. The week is finally here.  The US CPI will kickstart the markets on Tuesday and that will transition into the Fed decision on Wednesday. Then when that is done, the SNB, BOE and ECB will all announce their interest rate decisions on Friday before the transition into the year end.   To better prepare, it is important to understand the key levels in play from a...

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HMMMMM.. What are the forex technicals saying heading into the last day of the trading week?

2022-12-09

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A technical look at the EURUSD, USDJPY, AUDUSD and NZDUSD. The USD has a lower bias heading into Friday's trading vs the EUR, AUD and NZD helped by the run lower on Thursday.  The USDJPY is more neutral as it trades between the 100/200 hour MAs With the EURUSD, AUDUSD and NZDUSD tilting more to the upside, what targets lie above and what are the risk levels that might hurt the bullish bias heading into the new trading day? With the USDJPY...

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The Head and Shoulders Pattern Checklist

2022-12-08

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Technical analysis uses a head-and-shoulders pattern. It forecasts a bullish-to-bearish trend reversal. The pattern is a baseline with three peaks, with the middle peak tallest. To recognize a head-and-shoulders trend reversal, grasp how they're formed. When investors lose interest, the left shoulder develops. The head develops when excitement rises and falls to the stock's prior low. The right shoulder occurs when the stock price climbs then...

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What technical levels are in play for some of major currency pairs today.BOC rate decision

2022-12-07

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The EURUSD is running back to the upside after moving above the 100 hour MA. The 200 hour MA stalled the fall earlier in the day giving the buyers some hope. The USDJPY is moving lower and below its 200 hour MA in early trading after the break above failed. The GBPUSD is moving higher and looks toward the 100 hour MA above at 1.2220. The USDCAD will be influenced by the BOC rate decision at 10 AM ET. The expectations are between 25 and 50...

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The major forex currency pairs are seeing up and down price action.What to look for today?

2022-12-06

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A technical look at the EURUSD, USDJPY, GBPUSD and AUDUSD after the RBA rate hike. There is up and down price action in some of the major currency pairs. In the morning forex technical report, I look at the EURUSD, GBPUSD, USDJPY and the AUDUSD after the RBA rate hike and outline the levels in play after up and down activity dominated the trading action so far today.

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MORNING VIDEO: A look at the EURUSD, USDJPY and GBPUSD from a technical perspective

2022-12-05

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What levels are in play for the EURUSD, USDJPY and GBPUSD and why? The new trading week is underway, with the EURUSD making a new cycle high and backing off. The USDJPY started below its 200 day MA after closing below that key level on Friday, but has moved back higher and looks toward the 38.2% of the range last week (and high from Friday). The GBPUSD has seen up and down action in that pair today. A new cycle high was made above an upside...

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Light crude oil futures technical analysis & trade idea

2022-12-04

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Setting up a short swing trade for a 3 to 1 short on CL1 (light crude oil futures). Trade oil at your own risk and visit ForexLive.com for additional perspectives.

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Opinion: DOGE Coin to 24.5 cents. 136% profit potential

2022-12-04

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This is an opinion only for potetential Doge coin buyers or holders, not investmenet advice. Doge coin is riskly and can go to zero, too. However, the technicals show me a 136% upside potential. Furthermore, fundamentally, if Elon Musk and Twitter announce at any future stage, a deeper integration for Doge coin, or some other news catalyst comes out of the top Doge coin fan named Elon Musk, who is still one of the biggest influencers in the world,...

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The Weekend Forex Report: A look back and ahead to the Dec 5, 2022 trading week

2022-12-04

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What levels are in play technically. What are the major bias and risk defining levels. In the weekend forex report, Greg Michalowski of Forexlive.come, reviews the fundamentals in play and the importance, and then outlines the bias and risk defining levels for each of the major currencies vs the USD: EURUSD (5:51) USDJPY (10:13) GBPUSD- (13:18) USDCHF (16:42) USDCAD (18:21) AUDUSD (19:52) NZDUSD (22:53)

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USDCHF bounces higher on the jobs report. Holding support on the dip. What next?

2022-12-02

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Buyers have work to do in the USDCHF pair to take back more control. What levels are in play for the USDCHF now?

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What next in the forex after the stronger US jobs report

2022-12-02

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The US jobs data came in much stronger than expected at 263K versus 200 K expected. The unemployment rate remained steady at 3.7%. The average hourly earnings rose 0.6% versus 0.3% expected. The USD moved higher. What next?

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The key technical levels in play before the US jobs report

2022-12-02

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What levels are in play ahead of the US (and Canada) jobs reports at 8:30 AM ET. I will look at the EURUSD, USDJPY, GBPUSD and the USDCAD ahead of the US and Canada jobs reports

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The morning forex technical report. The USD moves down w/ the EURUSD testing its 50% level

2022-12-01

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A look at some of major currency pairs near the start of the US session. In the morning forex technical report: - The EURUSD is trading higher and in the process moving away from its 200 day moving average and testing its 50% midpoint of the 2022 trading range at 1.05155. - The USDJPY move below a key target at the 38.2% retracement of the move up from the 2022 low at 137.24. Sellers push lower after the break. - The GBPUSD has moved above its...

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Nasdaq technical analysis in 30 seconds

2022-12-01

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For 01 December, 2022.

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UPST technical analysis showing early hints about the crash coming

2022-12-01

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When someone on TV or anywhere else, talks positively about a stock, then that person should know to answer what the company does. If you do not get an answer, that is a sign that we might have reached ridiculous times. Remember that for next time. It might be, and will probably be, a different type of 'ridiculous' but it will be ridiculous when the herd is greedy, and a sign for you to be fearful. Technical analysis is your friend in such...

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VIDEO: Soft landing? Happy days are here a again. A look at the markets post Fed Powell speech.

2022-11-30

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"Soft landing" may be still a hope, but the market likes those words. The Chair Powell speech/comments were laced with "slower pace", and "soft landing" which was comforting to the markets. So stocks moved higher and that gave dollar sellers the go-ahead to sell the green back, the lower USD, gave the bond traders the go-ahead to buy bonds and send yields lower, and all of that fed on itself.  Happy days are here...

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The morning forex technical report for November 30, 2022. Markets prepare for Fed Powell.

2022-11-30

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The major currency pairs are settling and waiting for the Fed Chair. The major currency pairs are seeing some mixed price action, but with the pairs like the EURUSD, GBPUSD and USDJPY trading between their 100 and 200 hour MAs. That is indicative of a market that is awaiting the next shove. That shove may come from the Fed Powell's speech later today at 1:30 PM.  Will the Fed chair tilt to a more dovish bias or keep his relative hawkish bias from...

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A trade plan for natural gas futures

2022-11-30

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The example shows a real setup and possible trade plan, but more than that, it shows swing traders in general how to look and plan their entries (with a technical reasoning and trigger), and their stop loss as well as take profit targets, as they assess their 'risk reward ratio' (also mentioned as reward vs risk ratio, which is the more precise description of the ratio itself). And how a higher or lower ratio relates to the probability of them...

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