Category Archive: 4.) Forex Live

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The ECB raises by 75 basis points. How is the EURUSD reacting?.

2022-09-08

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1:32: The EURUSD remains contained with a short term bullish bias ahead of the 75 basis point hike, but there is work to do. 4:00: The USDJPY is trying to move lower but is having some trouble finding downside momentum 6:01: The GBPUSD is reacting up and down to new economic measures by PM Truss, but is back below the 100 hour MA in early trading in the US session.

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Unity Software (U) Stock Analysis

2022-09-08

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Unity stock between $33 and $40 seems to me as a CLASSIC area and time where an investor can be greedy when others are fearfull and start accumilating a Long position. Posted on 09 August, the time to start doing that is probably today, but do leave some additional ammunition for possible buys at some lower prices, as mentioned in the video, to average out your entry point, if the stock sells a little more.

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The USDJPY is sharply higher. The Bank of Canada rate will hike. What are the technicals saying?

2022-09-07

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The USDJPY is continuing it's trend move to the upside. Trends are fast, directional and tend to go farther than traders expect. That is what we are seeing in that pair (and JPY crosses now as well).  The Bank of Canada is expected to raise rates by 75 basis points when they announce at 10 AM today.  The EURUSD is lower but up and down. The GBPUSD got within a few pips of the pandemic low at 1.1408.

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Trends are FAST, DIRECTIONAL and tend to go FARTHER than what traders expect

2022-09-07

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Trends are where the most money is made and lost. Most retail traders don't trade trends well. In fact they tend to lose more when the price trends. In this video, I show traders how they can recognize trends, get on the trend and stay on the trend.

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The morning Forex Report for September 6, 2022

2022-09-06

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In the morning report, I look at the EURUSD, USDJPY, and GBPUSD to kick off the trading bias defining levels.

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Japanese Yen technical analysis USD vs Japanese Yen. Getting ready to short!

2022-09-05

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The U.S. is headed toward higher interest rates faster than Japan, which makes dollar-denominated assets more tempting. The Japanese yen has fallen against the dollar. Technical analysis shouldn't care. A technical analysis doesn't care about the news or why things are or should be. A 'pure' chartist knows we don't know everything. The chartist examines the price chart to find the next viable deal. She or he tries to determine whether the benefit...

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The weekend Forex Report for the week starting September 4,2022: The USD remains the king

2022-09-04

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The dollar continued to move higher last week. The US jobs report did show a modestly higher than expected NFP value, but there were other dampening details including more people entering the workforce which may take some pressure off wages.  US yields move higher out the curve as traders prepare for a tighter Fed for longer.   The US stocks fell for the 3rd week in a row led lower by the Nasdaq once again.  Russia continues to be a focus as...

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Russell analysis and recap of trading ideas

2022-09-04

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A review of the recent trade ideas: S&P 500 https://www.forexlive.com/technical-analysis/sp-technical-analysis-in-10-seconds-including-a-trade-idea-20220901/ Gold https://www.forexlive.com/technical-analysis/gold-technical-analysis-in-10-seconds-20220831/ Ethereum https://www.forexlive.com/technical-analysis/ehereum-technical-analysis-ethusd-at-1500-whats-next-20220828/ Natural gas...

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Do you have the FEAR OF SUCCESS when you trade?

2022-09-03

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Most traders know about the FEAR OF FAILURE, but do you know about the FEAR OF SUCCESS? In this video, Greg Michalowski describes the FEAR OF SUCCESS that stifles traders and causes them to do things they never planned on doing. What is it? How can you conquer it?

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S&P technical analysis for the start of Sept 2022. Bear or bull market?

2022-09-02

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See full technical analysis for ES S&P Emini futures at https://www.forexlive.com/technical-analysis/sp-technical-analysis-in-10-seconds-including-a-trade-idea-20220901/

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What has been the reaction to the jobs report in the major currency pairs? Watch and learn

2022-09-02

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The USD moved up and down after the mixed jobs report. The expectations for a 75 basis point hike remains little changed, but the markets are a little relieved (at least not getting worse). THe US stocks are a little higher. The yields are a little lower.  The USD is a little lower.

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The Morning Forex Technical report for September 1, 2022

2022-09-01

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The morning forex report will outline the key technicals for some of the major currencies vs the USD - EURUSD: The EURUSD is back down after testing its 38.2% retracement level yesterday and finding willing sellers. The today the price is knocking on the 200 hour moving average at 0.99829. A move below should increase the bearish bias. Key level to start the North American session - GBPUSD: The GBPUSD reached another new low going back to the...

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How to control the FEAR OF FAILURE in your trading

2022-08-31

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Most traders are intuitively aware of the fear of failure, but knowing how to control it is a different thing. In this video, I give ways that you can ratchet down your fear of failure in your trading.

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The Morning Forex Technical report for August 31, 2022

2022-08-31

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The Morning Forex technical report is out. in the report I set the levels for the following pairs. Take a look: - EURUSD after dipping below its 100 and 200 hour moving averages is back above as traders consolidate the trading range and figure out where the next shove is going to be - USDJPY is also consolidating near highs and near the highs for 2022 (and going back to 1998). The ceiling has been able to hold resistance giving sellers some hope...

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K.I.S.S. in your trading

2022-08-31

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It is is important to use the K.I.S.S. principle in your trading. For me the K.I.S.S. principle is Keep It Simple to be Successful, not stupid. I use three simple tools in total. The three have specific characteristics that allow me to use them on any chart, and gives me an unambiguous bias, that defines risk, defines trends and non trends, and are used by many because I want to trade with the crowd. If you find your trading decisions are...

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What are the technicals that are driving the Forex markets heading into the new trading day?

2022-08-30

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- The EURUSD is trading above its 100/200 hour moving averages which is bullish, but remains below its 38.2% retracement of the recent move lower - The GBPUSD traded to a new low going back to March 2020, but could not sustain the momentum and is trying to build off of a swing low from yesterday 1.1648 be aware. - The USDJPY move closer to the July high at 139.384 (high reached 139.07), but backed off a bit. - The USDCHF ran away from its 100 day...

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A quick look at the forex major currencies as the better data sends the dollar higher

2022-08-30

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Looking around the forex market the USD is moving back to the upside and declines from earlier today are being erased. The AUDUSD and NZDUSD have nearly completed an up and down lap. The EURUSD is back testing the 200 hour MA. The GBPUSD is testing the low from yesterday and also  the lowest level since the start of the pandemic.

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Do you need a technical overview of the forex market? Then watch this video.

2022-08-30

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The USD moved lower into the US trading but is off the lowest levels. - The EURSD moved above its 200 hour MA with momentum. Can it stay above and further probe the upside - The GBPUSD followed the EURUSD but ran into the 100 hour MA resistance and backed off - The USDJPY came off it's boil and retraced some of the gains from yesterday. - The AUDUSD is down retesting 100/200 hour MAs - The NZDUSD held resistance against its 200 hour MA earlier...

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NATURAL GAS short continues, bearish head and shoulders coming?

2022-08-30

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See more on https://www.forexlive.com/technical-analysis/natural-gas-futures-natgas-technical-analysis-and-trade-idea-short-20220829/

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Russell 2000 technical analysis and trade idea (Long)

2022-08-30

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Russell 2000 futures (RTY) is at the bottom band of a potential bear flag but we are in the green and buyers may protect this touch point, and buy, which would expedite the short covering. The stop loss would be close, in relation to the take profit target, making this area interesting for a bull. https://www.forexlive.com/technical-analysis/russell-2000-technical-analysis-and-trade-idea-long/

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