Category Archive: 4) FX Trends

Main Author Marc Chandler
Marc Chandler
He has been covering the global capital markets in one fashion or another for more than 30 years, working at economic consulting firms and global investment banks. After 14 years as the global head of currency strategy for Brown Brothers Harriman, Chandler joined Bannockburn Global Forex, as a managing partner and chief markets strategist as of October 1, 2018.

A technical look at the major US stock indices.

In this video, I take a technical look at the 3 major indices.

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EURUSD stalls against key resistance at session highs and rotates back down. What next?

The 1.0610 to 1.0616 area stalls the rally and now looks toward the day lows. Sellers remain in full control.

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USDCHF keeps its bulish run, but it pushing toward key retracement resistance.

The USDCHF is looking to test the key 38.2% retracement level on the daily chart at 0.9162 area

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The AUDUSD technical story remains the same, with a negative tilt.

The AUDUSD remains below 100/200 bar MA on the 4-hour chart.

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Kickstart your FX trading on September 26 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 26 trading.

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Neither the Threat of Intervention Nor a Possible US Government Shutdown is Derailing the Greenback

Overview: The US dollar is stabilizing a bit but only after extending its gains initially It reached almost JPY149.20, while the euro slipped to $1.0570 before recovering to straddle $1.06 in the European morning. Sterling sank a little through $1.2170 but stabilized to return to almost $1.2200. The Australian dollar tested last week's low slightly below $0.6390 before resurfacing above $0.6400. The US dollar toyed with CAD1.3500, where there is a...

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Nasdaq Composite Technical Analysis

Here's a quick technical analysis on the Nasdaq Composite with some fundamental background. For more visit ForexLive.com

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USDCAD is back down testing 100 hour moving average and 200 day moving average in up and down day

The 100 hour moving averages at 1.34645. The 200 day moving averages at 1.3459. Key support levels for USDCAD.

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The USDCHF moves toward the end of May swing high at 0.9165

The USDCHF is up 9 of last 10 trading days

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Sellers are making a play in the AUDUSD below the 100/200 bar MAs on the 4-hour chart

For the AUDUSD, the 100 bar moving averages at 0.6426. The 200 bar moving averages at 0.6440.

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Kickstart your fx trading on September 25 w/ a technical look at EURUSD, USDJPY and GBPUSD

What technicals are driving the markets in the EURUSD, USDJPY and GBPUSD to start the trading week

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Dollar Edges to New High for the Year against the Japanese Yen, While Developer Woes Hit Chinese Stocks and Yuan

Overview: The US dollar begins the new week on a firm note. It is trading at new highs for the year against the Japanese yen and is bid against nearly all the G10 currencies, though the Swedish krona and Canadian dollar are resisting the greenback's push. Most emerging market currencies are heavier, with the Polish zloty and a few East Asian currencies holding their own. Gold is trading with a heavier bias near $1922, but within the ranges seen at...

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Week Ahead: Digesting Implications of the FOMC, EMU and Tokyo August CPI, and China’s PMI

The most important outcome of the last week's flurry of central bank meetings was the median forecast of Fed officials for 50 bp less in cuts next year than it had anticipated in June as it revised up its growth forecasts for this year and next. The prospect for higher rates for pushed equities lower. Sterling and the Swiss franc were the weakest currencies in the G10 last week, falling by a little more than 1.1%. Both central banks did not hike...

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USDCAD has a down, up and down week and is closing the week between MA levels

What clues can we find from the technicals going into the new trading week?

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USDCHF higher this week and back above 200 day MA. What’s up for next week?

The USDCHF moved above its 200-day moving average at 0.90335. That level is now close risk for buyers.

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EURUSD bangs against the 100 hour MA for the 2nd consecutive day

The EURUSD 100-hour MA comes in at 1.06715 and it stalled the rally at the MA for the 2nd consecutive trading day.

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The AUDUSD and NZDUSD charts are telling the same story. What next?

Buyers in the AUDUSD and NZDUSD are making a play above 4-hour moving average levels. Can the buyers keep the momentum going?

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Kickstart your trading day: A technical look at the EURUSD, USDJPY and GBPUSD for September 22

What are the technical saying for the 3 major currency pairs including the EURUSD, USDJPY and GBPUSD?

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Yen Drops After BOJ Does Nothing and Says Little

Overview:  The BOJ's failure to do anything or further ideas that an exit of the negative target rate, despite the firm CPI report helped the dollar recover the ground lost yesterday against the yen. The focus has returned to "intervention watch" and the market continues to press for the official pain threshold. Sterling is the weakest of the G10 currencies, off another 0.5% today following the BOE's decision not to hike yesterday. The...

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NZDUSD corrects higher off lower swing area today and test 4-hour MA levels

The 4-hour MAs in the NZDUSD come in at 0.5919 for the 100 or moving average and 0.5943 for the 200 bar moving average

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