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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USDCAD corrects lower on day, but there is work to do for sellers to take more control.

2023-08-17

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Join us as we delve into the intricacies of the USDCAD currency pair, focusing on the pivotal 100 hour moving average situated at 1.34819. Discover why this critical level holds the key to understanding market sentiment and potential price movements. In this insightful analysis, we unravel the significance of the 100 hour MA and explore its implications for traders seeking to make informed decisions in the dynamic world of forex trading.

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Both the AUDUSD and NZDUSD found support buyers on the break to new 2023 lows today

2023-08-17

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Trend line and retracement/swing area support levels held support at lows in the AUDUSD and the NZDUSD pairs today

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

2023-08-17

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In today's forex analysis, we delve into the dynamic movements of the EURUSD, USDJPY, and GBPUSD currency pairs. The EURUSD makes a move towards testing the 100-hour Moving Average, then retraces – a pivotal juncture that calls for a closer look. Meanwhile, the USDJPY's impressive 8-day winning streak faces uncertainty, and the GBPUSD finds a base at the 100-hour Moving Average, shaping today's trading landscape.

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Aussie Recovers from Poor Jobs Data, but Nokkie is Weaker Despite Rate Hike

2023-08-17

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2023-08-17

Overview: Encouraged by the continued stream of US data, which suggests that the world's largest economy is accelerating, the US 10-year yield is approaching last year's 4.33% high, and the dollar's run has lifted it to new highs for the year against the Japanese yen, Chinese yuan, and the Australian and New Zealand dollars. Even a rate hike by Norway did not stop the dollar from rising against the krone. The greenback is firmer against most of the...

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Possible decline for EURJPY | Market Outlook with Exness

2023-08-17

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The euro-yen pair is currently trading close to its all-time high, but technical indicators suggest the possibility of a correction towards the downside. The first point of support is expected to be around the ¥156 price area. The yen's continuous incline of the decade bond yields is the primary narrative driving its possible further strength. This week, the Japanese and European inflation rates are the most significant releases expected on...

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S&P 500 Technical Analysis

2023-08-17

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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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Buyers and sellers are battling it out in the USDCHF. What would tilt the bias?

2023-08-16

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The USDCHF pair is testing a support target for the USDCHF between 0.8779 and 0.8782

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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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