Category Archive: 4.) Forex Live

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BTCUSD 24816.27 technical analysis update for 15 Aug

2022-08-15

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Bitcoin technical analysis update for 15 Aug: Following another "fakie" above the recent high and the 25k mark, bitcoin is testing the diagonal line, now acting as support. Watch for 4 hour candles to close above the recent high or below the VWAP (purple line). The stop loss of the original trade idea, presented in the video at the top of this page, is still active and has not been reached, despite the recent rally. When trading crypto,...

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The weekend forex technical report for the week of August 15, 2022

2022-08-13

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In this video, I preview the upcoming week in the forex market with the focus on the major currencies vs the USD.

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Bitcoin technical analysis and shorting BTCUSD close to $24500 since bulls might be giving up soon.

2022-08-13

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Today's daily candle, while closing only in apx 4 hours, is now showing a sign that bulls are NOT about to break the presented channel to the upside, following this 4th attempt to do so, on the daily timeframe. Even if we had a coin flip for this trade, the reward vs risk merits to short BTCUSD here. Why? Because the stop loss is half the take profit target for the first part of this trade plan, and only 25% of the profit target of the 2nd part,...

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AUDUSD stays above key MA support level. What is giving the pair a boost?

2022-08-12

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The AUDUSD moved above the 100 day MA on Wednesday for the first time since June 8th, but the momentum could not be sustained. Yesterday, the price move back above the moving average level and has been able to stay above despite a dip back lower today. The low prices today tested the 100 day moving average on 2 separate occasions, and each found support buyers. Traders are leaning. See why in this video.

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The USD is moving higher in US trading. What are the key drivers in the FX markets today?

2022-08-12

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In today's morning video, I look at the EURUSD, USDJPY, GBPUSD, NZDUSD and USDCHF and explain the trading bias, the risk, targets and levels in play. The EURUSD is heading back into the trading range after the break higher this week shows signs of failing. The USDJPY is back up testing its 100 and 200 hour MA. Key barometer going forward. The GBPUSD is below its converges 100/200 hour MAs tiling the bias back to the downside. The NZDUSD is...

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Bitcoin can’t work it’s way above all the key upside targets

2022-08-11

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The price of bitcoin traded higher again today, but has stalled the run to the upside ahead of other key targets including the 50% retracement of the recent move lower and the key 100 day MA. As a result, the crypto winter thaw is still in jeopardy.

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USDCAD falls below the 50% and 200 day MA

2022-08-11

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The sellers are making a play on the break of the 50% and 200 day MA in the USDCAD in early NA session trading.

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VIDEO:The USD is keeping a negative bias after PPI data.What technical levels are in play?

2022-08-11

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The US PPI came in lower than expected which is helping to keep the USD down. In the morning video, I take a look at the 3 major pairs vs the USD (EURUSD, USDJPY and GBPUSD) and outline the bias, the risk and the targets for each.   Good fortune with your trading.

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Bitcoin runs higher with risk on sentiment. What are the upside hurdles that lie ahead?

2022-08-10

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A technical look at Bitcoin after a run higher today off the back of lower CPI and risk on sentiment.

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Bitcoin technical analysis 05 Aug 2022

2022-08-05

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BTCUSD is in the middel of the presented regression channel and traders seem to be waiting for the next move. See also Bitcoin traders are battling it out in the short term. Find out why in this video. https://www.forexlive.com/Cryptocurrency/bitcin-traders-are-battling-it-out-in-the-short-term-20220804/ ETHUSD technical analysis @ 1663.27 on 05 Aug. Will the bull flag be broken to the upside? -frxYQ

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Russell futures technical analysis for 05 Aug 2022

2022-08-05

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Major US indices open mixed. NASDAQ up. S&P near unchanged Dow industrial average marginally lower. https://www.forexlive.com/news/major-us-indices-open-mixed-nasdaq-up-sp-near-unchanged-20220804/ Russell 2000 broke up the bull flag and showing some resting, probably temporarily.

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Nasdaq futures technical analysis 05 Aug 2022

2022-08-05

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Also see Nasdaq related news at Forexlive as USD slides, oil falls to the worst since Feb 2 https://www.forexlive.com/news/forexlive-americas-fx-news-wrap-usd-slides-oil-falls-to-the-worst-since-feb-2-20220804/ Other technical analysis from ForexLive https://www.forexlive.com/technical-analysis

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ETHUSD technical analysis @ 1663.27 on 05 Aug. Will the bull flag be broken to the upside?

2022-08-05

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Etheruem technical analysis follow up to https://www.forexlive.com/technical-analysis/profitable-ethereum-short-position-ethusd-technical-analysis-snapshot-20220802/ And previously to the trade idea provided in the 1st technical analysis for ETHUSD on https://www.forexlive.com/technical-analysis/ethereum-technical-analysis-20220731/

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Bitcoin traders are battling it out in the short term

2022-08-04

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The price of bitcoin has been consolidating near low levels and maintains a negative bias on the daily chart. However, there is some ambiguity from a short term perspective for the pair. In this video, I breakdown the battle that is going on and explain the risks and bias from a technical perspective..

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The morning technical review fore August 4 of the major currencies. GBP falls. EURUSD stays confined

2022-08-04

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The USDJPY finds sellers near the 200 hour MA and USDCHF cracks back below the 100 day MA and tests 200 hour MA below

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VIDEO: The EURUSD is higher but remains stuck in the mud.The USDJPY has bullish tendencies

2022-08-03

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The morning video looks at the EURUSD, USDJPY, GBPUSD and USDCAD

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VIDEO: The EURUSD made a break and failed. The USDJPY got closer to key support.Key levels in play.

2022-08-02

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A look at a number of currency pairs in this morning video including the EURUSD, USDJPY, GBPUSD, USDCHF, USDCAD and the AUDUSD. What levels are in play? Watch and find out.

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ETHUSD technical analysis and how to manage a profitable short trade

2022-08-02

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A followup to the technical analysis on Ethereum and its short trade idea from 2 agao go, provided here: --nI Now that etheruem is at $1560, the trade is successful, but the stop loss of the ETHUSD short trade is too far. What should be done? Lower the entrance stop to prevent loss? Or abandon the trade? Or partial profit, and how much?

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Drilling down through the AUDUSD charts. What are they showing?

2022-08-01

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The AUDUSD has been rebounding since the low on July 14 and has moved up to test the 38.2% of the 2022 range on the daily chart.   The hourly chart has shown some up and down volatility of late but some bullish buying tendencies. The 5-minute correction today held the 50% but is stalling at a ceiling for the day.  What does the combined story - and drill down - tell us about the pair's bias and risk levels along with key targets ahead?

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VIDEO: A technical look at the EURUSD, USDJPY and GBPUSD to start the trading week

2022-08-01

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The EURUSD moved higher into the London morning session but backed off after reaching the top end of the recent up and down price action (once again). Still waiting for a break. The USDJPY moved to a new low and in the process inched closer to a key cluster of support on the daily chart. Sellers in control. The GBPUSD moved to a new high and left some short term support floors on the downside.

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