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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AUDUSD is oversold technically, but can the buyers muster the needed momentum higher?

2023-08-16

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Watch 0.64586 in the short term, then get above and the 100 hour MA at 0.6489, and buyers can feel more confident.

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RBNZ kept rates unchanged, remains concerned on inflation, but technicals remain bearish

2023-08-16

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Key Price Obstacle Unveiled: The NZDUSD's Attempted Rally Halted by the 100-Hour Moving Average.

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USDCAD has bullish technical overtones on daily chart

2023-08-16

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Unveiling USDCAD's Bullish Momentum: Dive into this video to uncover the reasons behind the bullish sentiment on both the daily and hourly charts.

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Kickstart your trading day w/ a technical review/overview of the EURUSD, USDJPY and GBPUSD

2023-08-16

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Mastering USDJPY Momentum: Discover the insights behind the USDJPY's impressive 7-day winning streak and gain a comprehensive understanding of the recent downward movement of EURUSD and GBPUSD. Join us for an in-depth analysis that unpacks the market dynamics and potential trading opportunities.

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Dollar’s Rally Pauses Near Key Levels

2023-08-16

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2023-08-16

Overview: The US dollar is trading with a slightly heavier tone in the European morning. It has stalled in front of JPY145.90, where the BOJ intervened last September and ahead of CNY7.30, which some observers think Chinese officials are defending. We are less convinced that either central bank has drawn a line at a particular level and suspect it is too early to be confident that the greenback has peaked against either. On the back of yesterday's...

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WTI Crude Oil Technical Analysis

2023-08-16

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

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The NZDUSD is trading near lows for 2023 ahead of RBNZ rate decision. What are the key levels?

2023-08-15

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A look at the targets above and below for the NZDUSD

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USDCAD uses moving averages as support and last week’s high as resistance.

2023-08-15

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Explore the intriguing movements of USDCAD! Join us as we dissect the price action above the 100-hour and 200-day moving averages at 1.3445, and unveil the significance of the swing level near 1.3500 from last week.

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GBPUSD higher on the day, but there is up and down volatility too

2023-08-15

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IF the price of the GBPUSD can stay above the 100 and 200 hour MAs, the bias is higher in the short term for the pair. Watching a break above 1.2739 for a more bullish clue in the short term.

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The USDJPY is up for 6-days in a row, can it be 7 today?

2023-08-15

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The price of USDJPY is trading near unchanged as the market digests a lot of data and events. Watching the close from yesterday at 145.54 for a short term bias today.

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EURUSD whips around as markets react to economic data, and Fitch, and stocks and China and yields

2023-08-15

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There is a lot going on today with retail sales which came in better-than-expected, a Fitch warning about US Bank ratings, stocks moving lower, China cutting rates unexpectedly in reaction to slower growth, yields moving higher and then back down. What levels are key for the EURUSD technically? will talk about it in the morning technical review of the EURUSD.

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Surprise-Packed Tuesday: China Cut Rates, Japan’s Q2 GDP Rises Twice as Fast as Expected, and UK Wages Accelerate

2023-08-15

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2023-08-15

Overview: Today's highlights include a surprise rate cut from China after another series of disappointing data and much stronger than expected Japanese Q2 GDP (6% annualized pace). The UK reported an unexpected sharp jump in average weekly earnings, which were sufficient to get renew speculation of a 50 bp hike by the Bank of England next month. The US dollar is mixed. The Swedish krona and dollar-bloc currencies are struggling, while the Swiss...

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EURUSD Technical Analysis

2023-08-15

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

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NZDUSD – like the AUDUSD – trades to a new low for the year but bounces.

2023-08-14

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What is needed to give buyers in the NZDUSD more control?

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What do buyers in the AUDUSD need to do to take back more control?

2023-08-14

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AUDUSD trades to new low for the year, but momentum fades. Can buyers take back control?

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USDCAD traders try to stay above its key 200 day MA

2023-08-14

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The 200 day MA at 1.34478 in the USDCAD and traders will be eyeing that level for support. Staying above and then moving above the 50% midpoint at 1.34766 would increase the bullish bias.

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GBPUSD is looking toward its 100 day MA at 1.2611. Key MA target for the pair.

2023-08-14

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GBPUSD has swing area support near 1.2590 to 1.26239 on 4-hour chart

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EURUSD moves below its key 100 day moving average at 1.0930

2023-08-14

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The price of EURUSD also moved below the 50% midpoint of the range since January 2021 at 1.0942

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USDJPY extends to new highs and above 145.00 for the first time since November 2011

2023-08-14

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The price of the USDJPY is between swing area between 144.984 and 145.90.

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Greenback Remains Firm, with Yen and Aussie Falling to New 2023 Lows

2023-08-14

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2023-08-14

Overview: The dollar and US rates remain firm. The greenback rose to new highs for the year against the Japanese yen and Australian dollar before steadying. Outside of the Swedish krona, which is off nearly 0.5%, the G10 currencies are nursing small losses late in the European morning, mostly less than 0.1%. Most emerging market currencies are also lower. The Chinese yuan gapped lower for the second consecutive session and is also approaching this...

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