Category Archive: 4) FX Trends
Dollar Recovers from Yesterday’s Slide, but Slumps Against the Yen
Overview: The dollar's losses scored after yesterday's disappointing ISM manufacturing report were extended initially in Asia Pacific turnover earlier today before it recovered. The recovery has stretched the intraday momentum indicators, warning against expected strong follow-through dollar buying in North America, without fresh impetus.
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USDJPY Technical Analysis – The weak ISM report weighed on the greenback
#usdjpy #forex #technicalanalysis
In this video you will learn about the latest fundamental developments for the USDJPY pair. You will also find technical analysis across different timeframes for a better overall outlook on the market.
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Topics covered in the video:
0:00 Fundamental Outlook.
0:49 Technical Analysis with Optimal Entries.
2:31 Upcoming Economic Data....
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USDCAD trades higher after support targets held. BOC rate decision this week.
The USD is higher vs the CAD. That runs counter to the other currencies after the weaker ISM data today.
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USD weakens post US ISM data: Technical update on major currency pairs
The USD has moved lower after the weaker US I sent data and push the price's vs the major currencies to new levels. Some are breaking. Some have reached technical targets and found traders willing to lean against those levels.
EURUSD0:13
USDJPY 2:30
GBPUSD 4:00
USDCHF 4:56
NZDUSD 5:48
AUDUSD 6:38
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Macro Conviction: Techniques to Ride the Wave | Sponsored by PU Prime
Join Adam Button, Chief Currency Analyst at ForexLive, in this webinar, "Macro Conviction: Techniques to Ride the Wave", sponsored by PU Prime and explore the importance of conviction in trading, emphasizing that belief alone isn't enough.
Adam covers key principles like seeing the world as it is, predicting future trends, and maintaining positions despite challenges. Common trading traps such as fear, greed, and FOMO are discussed,...
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Kickstart the FX trading day for June 3 w/a technical look at the EURUSD, USDJPY & GBPUSD
The USD is lower vs the JPY but near unchanged vs the EUR and GBP in up and down trading.
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Election Results Lift India But Weigh on Mexico
The dollar has returned from the weekend with a better bid tone. It is firmer against all the G10 currencies but the yen, Swiss franc, and Swedish krona, which are marginally firmer. The market seems reluctant to extend the euro or Canadian dollar upticks ahead of the central bank meetings this week, though, ironically, sterling's 0.25% decline leads the major currencies. Election news is a key driver today.
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Crude Oil Technical Analysis – The price remains stuck in the range
#crudeoil #futures #technicalanalysis
In this video you will learn about the latest fundamental developments for Crude Oil. You will also find technical analysis across different timeframes for a better overall outlook on the market.
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Topics covered in the video:
0:00 Fundamental Outlook.
0:31 Technical Analysis with Optimal Entries.
1:57 Upcoming Economic Data....
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June 2024 Monthly
There
are two forces that shape the investment climate: politics and economics, and
they are both at the fore in the coming weeks.Among the highlights will be the European
Central Bank meeting that will mostly likely begin its easing cycle. The Bank of
Canada is a close call. If it does not cut rates in June, it will probably do
so in July. The Swiss National Bank may deliver its second hike in the cycle,
while the Bank of England will likely...
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EURUSD sellers push the pair down to the 100/200 hour converged MAs. Stalls the fall.
The 100 and 200 hour MA was resistance yesterday. Today the price moved above the levels and pushed higher before correcting back to the MA levels. Key barometer for buyers and sellers.
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Japan Confirms Intervention, China’s PMI Disappoints, EMU CPI Firms, Ahead of US PCE Deflator
Overview: The dollar is mostly consolidating
yesterday's losses ahead of month-end and the US income and consumption data. The
PCE core deflator may have risen by 0.2%, the least this, year, but the
year-over-year rate is expected to be steady at 2.8%. The dollar is recovering
from a five-day low against the yen recorded yesterday near JPY156.40 and is
near JPY157.30 in the late European morning turnover. The yen's retreat and a
disappointing...
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USDJPY Technical Analysis – The path of least resistance remains to the upside
#usdjpy #forex #technicalanalysis
In this video you will learn about the latest fundamental developments for the USDJPY pair. You will also find technical analysis across different timeframes for a better overall outlook on the market.
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Topics covered in the video:
0:00 Fundamental Outlook.
0:50 Technical Analysis with Optimal Entries.
2:19 Upcoming Economic Data....
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NZDUSD rebounds w/the US selling after floor area & 100-bar MA holds support at the lows
The price of the NZDUSD is trading between the 200-hour MA at 0.6118 and 100-hour MA at 0.6132.
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EURUSD tests key MA targets. The 100/200 hour MAs being tested at 1.0844.
The EURUSD is trading to a new high and tests a key dual MA level at 1.0844. Key barometer for buyers and sellers.
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USDCAD falls with the overall USD decline. The pair is settled between 100/200 bar MAs
The 100 and 200 hour MA is also in play today for traders. They will help to define the bullish or bearish bias.
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