Category Archive: 4) FX Trends
USDCHF runs higher after better CPI and trades to highest level since March 2022
USDCHF traders are watching the 0.9224 area in the short term. Barometer for buyers and sellers today and going forward. In this video, I outline the importance of the level.
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Dollar Stabilizes After Extending Gains
Overview: The dollar's gains were initially extended before a
consolidative tone emerged. The euro has been sold to $1.0460
and has returned to almost $1.05. Sterling fell to nearly $1.2060 and has
recovered though has stopped short of $1.2100. The dollar edged closed to
JPY150 but stalled near JPY149.95 and has held above JPY149.65. The Australian
dollar near $0.6300 and the greenback rose to CAD1.3725.
Benchmark 10-year yields are firm, though...
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USDJPY Technical Analysis
Here's a quick technical analysis on USDJPY with some fundamental background.
For more visit ForexLive.com
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NZDUSD is lower on day, but moves toward an equilibrium level defined by 100/200 bar MA
The NZDUSD is approaching its100/200 bar MAs on the 4-hour chart at 0.5935. Key barometer for the pair going forward.
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EURUSD moves to key swing area and finds dip buyers (again).
A key swing area in the EURUSD comes in between 1.0483 up to 1.0533. The price low today has reached 1.0491, just above the lows from last week at 1.0487 and the low of the swing area. The price has bounced marginally higher. What next? This video outlines the technical levels in play today and going forward.
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USDCHF makes a break for it. Trades back above 100 hour MA tilting bias back to the upside.
The USDCHF is being pushed higher up by rising yields in the US today. The move to the upside has now taken the price above the 100 hour MA at 0.91609. That level is now close risk. Stay above is more bullish.
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Kickstart your FX trading on October 2 with a technical look at EURUSD, USDJPY and GBPUSD
What technicals are driving the markets in the EURUSD, USDJPY and GBPUSD to start your October 2, 2023 day.
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US Yields and Dollar Rise After US Government Closure Averted
Overview: The US avoided a government shutdown,
barely, and this eased one of the headwinds that were anticipated. In turn,
this is spurring new gains in US interest rates and helping underpin the dollar
at the start of the new quarter. The 10-year Treasury is holding above 4.60%
and nearing last week's high (4.68%). The two-year yield gapped higher and is
near 5.10%. The high from September 21 was almost 5.20%. The Swiss franc is the
only G10...
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S&P 500 Technical Analysis
Here's a quick technical analysis on the S&P 500 with some fundamental background.
For more visit ForexLive.com
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October 2023 Monthly
There are four large
macro forces shape the investment and business climate here at the start of the
last quarter of the year. First, the US economic outperformance has been stark.
This has helped underpin US rates and bolsters the dollar. The divergence is
likely to narrow in coming months as US growth slows rather than stronger
growth prospects in other high-income countries. Second, Beijing has taken
numerous measures, which although stopping...
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NZDUSD: What technical levels are in play for the week starting October 2, 2023.
In this video, I take a look at the NZDUSD and outlines the key technical levels in play heading into the new trading week starting October 2, 2023.
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USDJPY: What technical levels are in play for the week starting October 2, 2023.
The USDJPY fell sharply earlier in the day and stalled at a cluster of support defined by the 200 hour MA and 50% retracement. What next? Find out in this video analysis.
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.EURUSD: What technical levels are in play for the week starting October 2, 2023.
The EURUSD is closing the trading week below the 200 hour MA and a cluster of resistance near 1.0610, but above the 100 hour MA at 1.05614. Those levels will be the barometers for buyers and sellers in the new trading week.
Watch the video to prepare for the new trading week starting October 2, 2023.
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USDCAD snaps back higher and in the process is retesting 100/200 bar MA on 4-hour chart
The USDCADs 100/200 bar MAs on the 4-hour chart stalled the rally earlier this week. They are now being tested on a sharp run higher in the pair today.
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GBPUSD moves back down to test the 100 hour MA. Will buyers come in?
The GBPUSD buyers took the price above the 200 hour MA today for the 1st time since September 1, but failed. The rotation lower, sent the pair to retest its 100 hour moving average. That MA stalled the fall. What now?
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AUDUSD technical bias shifts to the upside today, but work to do to get outside “Red Box”
This week the sellers had their shot, but failed. Buyers took back control. In this video, I take a look at what needs to be done to take back more control for the buyers and break out to the upside.
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Kickstart your FX trading on September 29 w/ a technical look at EURUSD, USDJPY and GBPUSD
What technicals are driving the markets in the EURUSD, USDJPY and GBPUSD to start your Tuesday September 29 trading.
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Dollar Sets Back into Month- and Quarter-End Ahead of likely US Government Shutdown
Overview: The dollar's surge stalled yesterday, and
follow-through selling has pressed it lower against all the G10 currencies
today. The dollar-bloc and Scandis are leading the move. Month-end, quarter-end
pressures, coupled with a likely partial shutdown of the government beginning
Monday, and after key chart levels were approached or violated earlier this week,
serving as a bit a cathartic event. The Swiss franc snapped a 12-day losing
streak...
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