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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USDCHF finds a pause point at dual technical target

2023-10-20

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The 100-day MA and 50% midpoint stalls the fall in the USDCHF. What next for traders.

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Kickstart your FX trading for October 20 with technical look at EURUSD, USDJPY and GBPUSD

2023-10-20

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What technicals are driving the 3 major currency pairs to start the North American trading day on October 20, 2023?

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The Dollar Continues to Press Against JPY150; Risk Off Ahead of the Weekend

2023-10-20

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2023-10-20

Overview: True to the market's penchant, it heard a dovish Fed Chair Powell yesterday. He seemed to suggest that the bar to another hike was high. This helped cap the 10-year yield just in front of 5.00% and allowed foreign currencies to recover against the dollar. The US two-year yield reversed lower after rising above 5.25%. It is now around 5.15%. Still, Powell appeared to cover similar ground as several other officials, including Fed governors...

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Gold Technical Analysis

2023-10-20

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

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AUDUSD moves to a new high but can the momentum continue?

2023-10-19

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The AUDUSD moved above the 100 hour MA and high of swing area near 0.6334. Can the price stay above and push toward the 200 hour MA at 0.6363?

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What levels are in play for EURUSD, USDJPY and the Nasdaq index ahead of Fed Powell. Be aware.

2023-10-19

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Fed Powell is speaking at 12 noon ET. What should traders look for technically? Be aware. Be prepared.

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USDCAD steps higher and in the process finds the next upside target area and stalls.

2023-10-19

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What next for the USDCAD after extending to the next target area?

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Sellers in USDCHF take the price back below retracement target giving sellers some hope.

2023-10-19

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The 38.2% retracement of the move up from the July low comes in at 0.89808. Staying below would be more bearish for the USDCHF technically.

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Kickstart your FX trading for October 19 with a technical look at EURUSD, USDJPY and GBPUSD

2023-10-19

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What technicals are driving the 3 major currency pairs to start the North American trading day on October 19, 2023

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Greenback Remains Bid and the Market has not Given Up on JPY150

2023-10-19

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2023-10-19

Overview:  The greenback did not strengthen yesterday in Asian and European turnover despite the deteriorating conditions in the Middle East, but it did rally as North American participants entered the fray. Indeed, the Dollar Index rose from a marginal new four-day low to a marginally new four-day high. The safe haven bid seen in gold and oil, was reflected in the foreign exchange market by the strength of the Swiss franc, the only G10 currency to...

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Gold shows strength | Market Outlook with Exness

2023-10-19

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In this week's Market Outlook with Exness, we focus on Gold which is amid a strong demand, fueled by the conflict in the Middle East. This time, the narrative is simple: Gold acts as a hedge against a geopolitical crisis. Technically, it had almost reached the 1940 area, which is a 200-day moving average. It may try to test this area soon and continue moving higher. The speech of the Fed's governor Jerome Powell on Thursday may add some pieces to...

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Dow Jones Technical Analysis

2023-10-19

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

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What has today’s anxiety meant for the EURUSD, USDJPY and GBPUSD heading into the close

2023-10-18

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What next technically for the EURUSD, USDJPY and GBPUSD?

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NZDUSD falls to new 2023 lows. Sellers making a break for it.

2023-10-18

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The NZDUSD is trading to its lowest level since November 2022

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NASDAQ index trades down over 1%. Approaches a key short-term support area.

2023-10-18

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Nasdaq index tests key support defined by 100 hour moving average and swing area

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EURUSD sellers make a play on break below 100 hour MA

2023-10-18

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Sellers push the pair lower on USD buying.

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USDCAD moves higher and runs away from 100/200 hour MAs

2023-10-18

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The price of the USDCAD based against its 100 hour moving average of 1.36467 and is now trading to new highs at 1.3675.

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Sellers in the AUDUSD taking back control after the run higher on China data fails

2023-10-18

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AUDUSD back below its 200 hour moving average of 0.63687. Staying below keeps the sellers more in control.

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Kickstart your FX trading for October 18 with technical look at EURUSD, USDJPY and GBPUSD

2023-10-18

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What technicals are driving the 3 major currency pairs to start the North American trading day on October 18, 2023?

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Geopolitical Tensions Lift Oil and Gold, but little Sign of Haven Buying in FX

2023-10-18

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2023-10-18

Overview: US economic data surprised to the upside yesterday, and although interest rates rose as one would expect, the dollar's initial gains were pared, and the Dollar Index finished slightly lower on the day. This seemed, in some respects, to echo how the greenback reacted to the recent jobs report. However, then, interest rates softened, but the inability to rally on seemingly good news is notable. The heightened tensions in the Middle East...

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