Category Archive: 4) FX Trends
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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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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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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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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