Category Archive: 4.) Forex Live

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EURJPY ping pongs between swing high resistance and swing low/MA support

2022-10-05

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Traders play the range with sellers more in control today

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USDCAD follows the USD higher. Trades back above 100/200 hour MAs

2022-10-05

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Despite the higher oil, the USDCAD is moving higher today (lower CAD). The USDCAD is moving higher back above its 100/200 hour moving averages near the 1.3666 area. Stay above keeps the buyers more in con from a shorter-term technical perspective.

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Why is the 11130 area in the Nasdaq index so important this week?

2022-10-03

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If you were to take a short to long term view of the Nasdaq index the move higher today based nicely against key support on the daily chart. However if you were to drill to the hourly chart, the index is finding some resistance near downward sloping trend line and ahead of the high from last week (on Wednesday) and the falling 100 hour MA.  

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FOREX QUICK: GBPUSD rotates back toward 4-hour MA support

2022-10-03

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The run to the upside in the GBPUSD is running out of steam and rotates back toward MA support. The GBPUSD ran higher in NY trading but is seeing a rotation back toward the broken 4-hour 100 bar MA level.  Can the pair stay above that and keep the buyers in more control?

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October 3, 2022: A review of the major technical levels in play for the major currency pair and why.

2022-10-03

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0.40 - EURUSD - The EURUSD has moved away from the overhead resistance near the 50% midpoint of the move down from the October higher and rotates back toward the 200 and 100 hour MA barometers on the downside. 

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NVDA technical analysis

2022-10-02

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The next technical analysis video for Nvidia Corp. stock shows that bulls can plan a series of buys and set buy orders at lower prices to target a reversal. I created a new approach. The 'Fibonacci Entry' Why? As the price falls, Fibonnaci orders are placed. 1 NVDA is purchased Then 2 NVDA stocks are bought at a lower price Then 3 NVDA stocks are bought at a lower price 5, 8, 11, etc. You decide the series' length. So are entry prices (which...

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Twitter stock analysis: Using Finviz to find an interesting lead when the stock market is down

2022-10-01

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Musk began buying Twitter for $44 billion in March. Some believe Musk's contract was a mistake, and they point to the fact that he's eager to expose his dirty laundry in court as proof. Musk may be ordered to buy Twitter against his will but I leave those considerations, and focus on the relative strength of Twitter's (TWTR) stock price and technical analysis. TWTR stock has been strong while its US peers have been selling. And how Twitter...

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FOREX QUICK: EURUSD rebounds from new 2022 lows and tilts short term bias back to the upside

2022-10-01

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The EURUSD moved to a new low going back to 2002 this week, but rebounded into the close for the week and is closing with a short term bullish bias. Could the low be in for the pair? In this video, I outline the levels that would keep the bias more bullish, and the key targets to get to and through to increase that bias.

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FOREX QUICK: A record low for the GBPUSD, but the closing level for the week is short term bullish

2022-10-01

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The GBPUSD moved to a new all time record low this week. However, by the close, the price had rebounded and is closing the week with a more bullish bias in the short term. What needs to be done to keep the ST bias intact in the new trading week?

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FOREX QUICK: The USDJPY is still dealing with the BOJ intervention extremes.

2022-10-01

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The USDJPY has the ghost of the verbal and actual intervention extremes to deal with near the 145.00 level and above. The highs this week respected the 145.00 level, but is closing the week near the level. Can the sellers continue to keep the lid on the pair and perhaps push lower in the new trading week?

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FOREX QUICK: USDCHF closes with more of a bullish bias. Can the buyers keep the momentum going?

2022-10-01

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The USDCHF closed the week with more of a bullish bias in an up and down week. Can the buyers in the new trading week keep the momentum going?

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FOREX QUICK: USDCAD closes near highs for the year and highest level since May 2020. What now?

2022-10-01

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With the USDCAD closing at new highs for the year and highest level since May 2020, the buyers are in firm control. What would weaken the bullish trend for that pair in the new trading week?

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With the RBNZ set to raise rates by 50 BPs, what do the buyers have to do to get the NZDUSD higher?

2022-09-30

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Like the AUDUSD, the week ending September 30, 2022, the NZDUSD buyers had their shot to take more control. That move failed and the price is closing near the lows for the week. What would have to happen in the new trading week for the NZDUSD to tilt the bias back to the upside?

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FOREX QUICK: The buyers in the AUDUSD had their shot to move higher. They missed.

2022-09-30

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In this FOREX QUICK video, I look at the AUDUSD. The buyers this week had their shot but are ending the week with the sellers back in control in the short term and the long term.   The pair is closing below the 100 hour MA and a channel trend line. Going forward, it will take a move back above those areas to tilt the bias back to the upside (that would be the minimum).  Absent that and the sellers are in firm control in the short and long term.

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S&P technical analysis: Watch these price levels.

2022-09-30

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The marker is still bearish and bulls should wait. When can they enter? For those seeling a healthy confirmation, the S&P futures (ES) should close a 4hr candle, or daily candle, above 3750.

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FOREX QUICK:A technical look at USDCHF as it finds support buyersnear trendline support

2022-09-30

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Trend line stalls the USDCHF fall today twice. What levels are in play for that currency pair today and why

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It is Friday, month end and quarter end. Flow of funds may dominate trading today

2022-09-30

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It is Friday, month end, quarter end which could cause the flow of funds to dominate trading. That may lead to volatile price action. Technicals may not be the major focus as the needs dominate vs the trader focused risk defining levels.   Nevertheless, the technicals tell a story and the video tells the story for the EURUSD, USDJPY, GBPUSD and AUDUSD. Good fortune with your trading.  1:00 EURUSD 4:15 USDJPY 5:42 GBPUSD 7:10 AUDUSD

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Ups and downs continue in the USDCHF

2022-09-29

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The USDCHF ping pongs between the100 hour MA above and the 200 hour MA below

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EURUSD and GBPUSD move toward 200 hour MA targets

2022-09-29

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Key target areas being tested in the two major currency pairs

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The USD fell yesterday but is seeing modest rebound today. What are the key levels in play?

2022-09-29

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0:59 - The EURUSD moved back above a key swing area going back to 2002 between 0.9662 to 0.9708 but could not sustain upside momentum. THe price is back in that range at the start of the NY session 3:45 - The USDJPY moved back into swing area ahead of the 145.00 ceiling. That swing arear comes between 144.56 and 145.00 6:12 - The GBPUSD moved down to retest the lower 100 hour MA and found some support buying against the level. Getting above and...

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