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

2023-09-25

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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

2023-09-25

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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

2023-09-25

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2023-09-25

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

2023-09-23

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2023-09-23

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

2023-09-22

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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?

2023-09-22

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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

2023-09-22

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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?

2023-09-22

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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

2023-09-22

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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

2023-09-22

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2023-09-22

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

2023-09-21

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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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AUDUSD bias shifts to the downside on the move below MAs on 4-hour chart. What next?

2023-09-21

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The AUDUSD has been trading in an up and down range over the last 6 or so trading weeks.

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USDCAD runs higher breaking above its 200 day moving average in the process. What next?

2023-09-21

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The 100 hour moving average comes in at 1.3476. The 200 day moving average comes in at 1.3461. Staying above those levels is key for buyers now.

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The EURUSD technical projection on a rebound

2023-09-21

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The morning kickstart video, outlined the trade to the upside for the EURUSD today.

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USDCHF trades above its 200 day MA for the 1st time since November 2022

2023-09-21

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The USDCHF 200 day moving average is currently at 0.90346. Key barometer for both buyers and sellers today (and going forward).

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

2023-09-21

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The kickstart video for September 21, 2023

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Higher for Longer Lifts the Dollar, while SNB Surprises Many by Standing Pat–Over to the BOE

2023-09-21

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2023-09-21

Overview: The Federal Reserve's hawkish hold, which included 50 bp less of cuts next year than it had signaled in June, has lifted the dollar against most currencies today. The notable exception is the Japanese yen. The greenback did extend its advance to new highs for the year before the market turned cautious ahead of the outcome of the Bank of Japan meeting tomorrow. The Swiss franc is the weakest of the G10 currencies after the Swiss National...

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S&P 500 Technical Analysis

2023-09-21

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Here's a quick technical analysis on the S&P 500 with some fundamental background. For more visit ForexLive.com

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Exxon Mobil is setting for the breakout | Market Outlook with Exness

2023-09-20

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In this week's Market Outlook with Exness, we take a look at Exxon Mobil, amid the strength of Crude oil and increasing bullish sentiment for energy assets. Technically, it might break the 119.50 level: should this happen, bullish momentum can accelerate. The main event in focus: FED's decision and a press conference of Jerome Powell.

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AUDUSD is the biggest mover today with a gain of 0.74%. What are the technicals saying pre-FOMC?

2023-09-20

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As the clock ticks toward the FOMC rate decision, the AUDUSD is the biggest mover with a gain of 0.74%. What are the technicals saying ahead of the big decision.

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