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 USD is moving higher vs. the CAD, AUD and NZD today and making some breaks technically

2023-08-24

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What next for the USDCAD, AUDUSD and NZDUSD today?

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August 24, 2023: Kickstart your FX trading with a technical look at the EURUSD, GBPUSD and USDJPY

2023-08-24

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What technical levels are driving the Forex market in 3 of the major currency pairs

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BRICS to Expand a Little, USD Steadies after Yesterday’s Retreat, Attention Turns to Jackson Hole

2023-08-24

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2023-08-24

Overview: Strong Nvidia's earnings after the US markets closed yesterday helped lift Asia Pacific markets today. All the large bourses were higher but India. Hong Kong, South Korea, and Taiwan indices rose more than 1%. Europe's Stoxx 600 is higher for the fourth consecutive session and US index futures are higher, led by the NASDAQ. European benchmark bond yields have extended yesterday's PMI-induced decline and are mostly 1-2 bp lower. The...

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Dow Jones Technical Analysis

2023-08-24

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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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Broader US indices making new highs

2023-08-23

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Both the S&P and NASDAQ index are correcting higher. Indices trading at new week highs

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The USDCHF falls to moving averages support on the 4 hour chart and is stalling.What next?

2023-08-23

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Looking at the USDCHF, the 100 bar moving average on the 4-hour chart comes in at 0.8771. That level is so far holding support, and remains a key barometer for buyers and sellers in the short term..

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USDCAD moves higher after Canadian retail sales data. What are the charts telling traders nOw?

2023-08-23

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Canadian core retail sales weaker than expectations sends the USDCAD higher on the day and above a swing area between 1.3564 and 1.3585. Buyers making a play.

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August 23: Kickstart your FX trading with a technical look at the EURUSD, USDJPY & GBPUSD

2023-08-23

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The EURUSD and GBPUSD are sharply lower after weaker PMI flash data

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Euro and Sterling Slump on Poor PMI

2023-08-23

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2023-08-23

Overview: Poor European flash PMI pushed on open door, giving the market a new reason to do what it was doing and that buying the dollar. The euro has approached important support around $1.08 and sterling is approaching the lower end of its two-cent trading range (~$1.26-$1.28). The greenback is consolidating against the yen and holding above JPY145. The Chinese yuan is little changed while the Mexican peso is extending yesterday's gains. Despite...

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WTI Crude Oil Technical Analysis

2023-08-23

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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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EURJPY rotates back down toward swing area support

2023-08-22

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The price of the EURJPY is testing a low swing are between 157.90 and 155.04

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NVIDIA: A technical look at Nvidia as the market gears up for key earnings tomorrow

2023-08-22

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Nvidia shares are lower today after trading to a new all time high earlier in the session. What key levels will be in play through the earnings release tomorrow?

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EURUSD tumbles to key support target. Will buyers lean against the key swing area?

2023-08-22

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Buy zone for willing dip buyers in the EURUSD between 1.0833 and 1.08485

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A technical look at the USDCAD, AUDUSD and NZDUSD for the US trading session.

2023-08-22

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The technicals that are driving the commodity currency pairs on August 22, 2023. Including is a look at the USDCAD, AUDUSD and the NZDUSD.

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August 22, 2023: Kickstart the FX trading day w/ a look at the EURUSD, USDJPY and GBPUSD

2023-08-22

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A technical look at 3 of the major currency pairs: EURUSD, USDJPY and GBPUSD

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Dollar Eases, Stocks and Bonds Advance

2023-08-22

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2023-08-22

Overview: For the first time in more than a week, North American dealers will take to their posts with the dollar softer against all the G10 and most of the emerging market currencies. Despite stepped up efforts by Chinese officials and a firmer yen, the yuan remains on the defensive and is one of the handful of emerging market currencies softer on the day. Stocks and bonds are mostly higher too. The yuan might not be benefitting from a softer...

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EURUSD Technical Analysis

2023-08-22

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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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AUDUSD heads into the US close with the price testing a key hourly MA

2023-08-21

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The 100 hour MA is being tested as the day works toward the close in the NY session

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S&P index trades above and below unchanged today

2023-08-21

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The low price in the S&P index today took the index down -9.42 points. The high price took the index up 25.88 points

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EURUSD buyers and sellers taking their shots and missing. What next?

2023-08-21

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Buyers above the 100 hour MA failed. Sellers on the move back below the 100 hour MA failed too. What next?

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