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.
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The AUDUSD tests the high from last week, but finds willing sellers

2023-09-19

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The high from last week at 0.64729 stalled the rally today. The price has rotated lower to a swing area between 0.64536 and 0.64607.

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Kickstart your trading with a technical look at the EURUSD, USDJPY and GBPUSD

2023-09-19

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A technical look of the 3 major currency pairs to kickstart your trading day on September 19, 2023

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The Canadian Dollar Shines in a Mostly Consolidative FX Market Ahead of the Flurry of Central Bank Meetings

2023-09-19

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2023-09-19

Overview: Ahead of the flurry of central bank meetings, starting with the Federal Reserve and Brazil tomorrow, the dollar is largely consolidating in narrow ranges. The euro, sterling, and yen are trading slightly heavier, while the dollar bloc and Scandis enjoy a firmer bias. The Canadian dollar stands out as is trades at its best level since mid-August ahead of its CPI report and despite a diplomatic dispute with India and the failure of...

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GBPUSD Technical Analysis

2023-09-19

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

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USDJPY mired in a 32 pip trading range but nontrend transitions to trend. Be aware.

2023-09-18

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The USDJPY is doing nothing, but that is the time to think about the next move. It may be a trend move too.

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Broader US stock indices try to shift its bias in the short term more to the upside

2023-09-18

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S&P indexes back above its 200 hour moving average. NASDAQ indexes just below that the moving average level

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USDCAD sellers are making a play with a break below 1.34923

2023-09-18

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The USDCAD is breaking below a key support at 1.34923 and will now target the 38.2% retracement/200 day moving average at the 1.3464 level. Will below that level opens a door for further selling....

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Kickstart your trading day (and week) with a look at the EURUSD, USDJPY and GBPUSD

2023-09-18

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Join us as we kickstart your trading day and week with an insightful analysis of the EURUSD, USDJPY, and GBPUSD. Despite a slow start to the trading week, we examine the modest trading ranges in these major currency pairs. In this video, we outline the pivotal levels currently in play and provide a comprehensive explanation of why these levels are crucial for your trading decisions in the EURUSD, USDJPY, and GBPUSD.

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Calm Before the Storm: Greenback Confined to Narrow Ranges

2023-09-18

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2023-09-18

Overview:  With many central bank meetings in the days ahead, the dollar has begun the new week on a quietly and mostly in tight ranges, helped by a holiday in Tokyo. G10 currencies, outside of the Scandis are slightly firmer in European turnover. Emerging market currencies are narrowly mixed, but of note the 0.25% decline makes the Chinese yuan the weakest. The Mexican peso is extending its recovery into the seventh consecutive session. While...

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Week Ahead: Thumbnail Sketch of Central Bank Meetings

2023-09-16

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2023-09-16

The week ahead is dominated by central bank meetings. Six of the G10 central banks meets. The post-Covid monetary tightening cycle is ending. The start was not synchronized, and neither will be end. It is tempting to think that those that began the tightening cycle early will among the first to finish. Among emerging markets that is true for Brazil and Chile, both of whom have begun cutting rates. And Brazil is likely to deliver the second cut in...

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WTI crude futures settle at $90.77. What are the technicals telling traders?

2023-09-15

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WTI crude oil futures are up $0.61 or 0.68% on the trading day

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GBPUSD tests low of swing area as traders work toward the day end and look to next week’s trading

2023-09-15

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What key levels are in play and why heading into the new trading week starting on September 18, 2023

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EURJPY trading up and down over the last 5 – 6 weeks. What is needed to get out of range?

2023-09-15

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Buyers today push the price toward moving average levels on the 4 hour chart near 158.00

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AUDUSD bounces off the 100 hour MA for the 3rd day in a row

2023-09-15

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The buyers in the AUDUSD holding onto control above the 100 hour MA at 0.64307. Staying above keeps the buyers in play and more in control.

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USDCHF higher this week and above a swing area. What next?

2023-09-15

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The USDCHF is above a swing area between 0.89347 and 0.89472. Stay above is more bullish

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The USDCAD rebounds higher to test a key barometer at the 100 hour moving average

2023-09-15

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The 100 hour moving average currently comes in at 1.3547. Key barometer for both buyers and sellers today.

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Kickstart the trading day with a technical look at the EURUSD, USDJPY and GBPUSD

2023-09-15

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In the morning forex video, I kickstart the trading day by taking at technical look at the EURUSD, USDJPY and GBPUSD.

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USDJPY Technical Analysis

2023-09-15

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

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The EURUSD is lower and so are the EURGBP and the EURJPY. What are the technicals saying?

2023-09-14

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The EURUSD is lower after the ECB rate decision. What about some of the other cross-currency pairs including the EURGBP and EURJPY. In this video, I take a technical look at those currency pairs.

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AUDUSD trades the short term retracement levels today. What next?

2023-09-14

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The 38.2% holds support in the AUDUSD today at 0.64198. The 61.8% holds resistance at 0.64587. The levels of support and resistance are defined. In between sits the 50% at 0.64392,

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