Category Archive: 4) FX Trends
USDCHF buyers are making a play. Can they keep the upside momentum going.
The USDCHF held support at the 100 bar MA on the 4-hour chart and then moved above the 50% at 0.9105.
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Buyers had their shot in the USDCAD after CPI, but could not get above key MA resistance.
The price of the USDCAD has rotated back down after the test of the 100 and 200 bar MA on the 4-hour chart failed.
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Kickstart the FX trading day for May21 w/a technical look at the EURUSD, USDJPY and GBPUSD
The price action is limited but there are some key levels that could help your trading today.
In the kickstart video, I take a look at 3 major currency pairs from a technical perspective - the EURUSD, USDJPY and GBPUSD. What is driving the pairs technically? What would either increase the bullish or bearish bias for each for traders today (and why)?
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Consolidative Tuesday
Overview: The dollar is consolidating but with a somewhat
heavier bias today. The G10 currencies are firmer but for the New Zealand and
Canadian dollars, which are slightly softer. Most emerging market currencies
are also firmer, except for a handful of Asian currencies. The news steam is
light. Equities are trading off. The MSCI Asia Pacific Index
snapped a seven-day rally, and Hong Kong shares and the mainland shares that
trade there led the...
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USDCAD Technical Analysis – A look at the chart ahead of the Canadian CPI
#usdcad #forex #technicalanalysis
In this video you will learn about the latest fundamental developments for the USDCAD pair. You will also find technical analysis across different timeframes for a better overall outlook on the market.
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Topics covered in the video:
0:00 Fundamental Outlook.
0:43 Technical Analysis with Optimal Entries.
2:11 Upcoming Economic Data....
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Jump in Japanese Bond Yields Fails to Lift the Yen
Overview: The foreign exchange market is quiet. Most
of the G10 currencies are +/- 0.1% against the dollar. The crash that took the
of Iran's president and foreign minister may have helped lift gold to new
record highs ($2450), the impact seems more muted, as poor weather rather than
foul play, seems to be main narrative. July WTI reached nearly $80, its best
level since May 1 but is hovering around unchanged levels (~$79.50). Canadian
markets are...
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USDJPY Technical Analysis – The uptrend remains intact
#usdjpy #forex #technicalanalysis
In this video you will learn about the latest fundamental developments for the USDJPY pair. You will also find technical analysis across different timeframes for a better overall outlook on the market.
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Topics covered in the video:
0:00 Fundamental Outlook.
0:41 Technical Analysis with Optimal Entries.
1:49 Upcoming Economic Data....
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Week Ahead: After Rallying Since mid-April, are the G10 Currencies Tired?
The
monthly cycle of central bank meetings and high-frequency data slow in the
week ahead, though the UK and Canada report on prices and demand (retail sales).
The highlight of the week may be the preliminary May PMI estimates. We play
down its significance in the US because its strength seems to be an outlier and
it is in expansion territory while the ISM not. The dollar has generally been
trending lower, with the yen being the only exception...
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The USD is moving lower. How has the technicals helped in that decline?
An updated technical look at the EURUSD, USDJPY, GBPUSD, USDCHF and AUDUSD in this video review.
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USDCHF finds willing sellers near week highs, moving averages and key swing area
The swing area at 0.9087 to 0.9098, and converged 100/200 bar MA on 4-hour chart at 0.9091 are topside resistance and a key barometer for buyers and sellers going forward.
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The Dollar Continues To Recover
Overview: The dollar's recovery begun yesterday has
extended into today's activity. The greenback is higher against all the G10
currencies and most emerging market currencies, but the Indian rupee and
Mexican peso. The BOJ did not reduce its bond buying at today's operation and
the market sold the yen on the news. After reaching JPY153.60 yesterday, the
greenback is near JPY156 now. New initiatives to support the beleaguered
property market was not...
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Gold Technical Analysis – New all-time high ahead?
#gold #xauusd #technicalanalysis
In this video you will learn about the latest fundamental developments for Gold. You will also find technical analysis across different timeframes for a better overall outlook on the market.
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Topics covered in the video:
0:00 Fundamental Outlook.
0:29 Technical Analysis with Optimal Entries.
1:44 Upcoming Economic Data....
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EURUSD traders play the technical levels on the corrective move lower today. What next?
The 38.2-50% retracement of the move higher yesterday held support, but MAs on the 5 minute chart also stalled the bounce higher. Traders are battling it out.
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