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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Here we go again. The USDCAD back above 100 hour MA. Can the 200 hour MA be broken next?

2023-06-23

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The price of the USDCAD has not traded above the 200 hour moving averages since June 1

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Despite the 50 bp hike by the BOE, the GBPUSD is lower on the week and below MA support

2023-06-23

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The GBPUSD has moved below the rising 200 hour MA giving sellers some control

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EURUSD now lower on the week. The price is below the low of a key up and down area.

2023-06-23

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The EURUSD tumbles lower but sees a bounce in early US trading. What next for traders?

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Greenback Jumps on Weak Flash PMIs

2023-06-23

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2023-06-23

Overview: As the market reluctantly edges toward the Fed's guidance, the disappointing PMIs from Europe (but also Japan and Australia) helped boost the greenback. The Dollar Index is trading at seven-day highs above 103 after briefly dipping below 102 to set a new low since mid-May yesterday. The unwinding of cross positions is helping the yen hold its own today as it consolidates near its worst level of the year. The surging dollar and risk-off...

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USDCAD Technical Analysis

2023-06-23

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

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NZDUSD has an up and down trading day with sellers taking more control below 100/200H MAs

2023-06-22

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100 and 200 hour MAs at 0.6192 and 0.61847

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USDCHF bounces higher today. Back above 100 hour MA with 200 hour MA looming on topside

2023-06-22

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The USDCHF now has the 100 hour MA as support at 0.8955. The 200 hour moving average is resistance above at 0.89848

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USDCAD sniffs the 50% midpoint of the move up from October 2021 low

2023-06-22

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50% at 1.3132. The low reached 1.3137 today. Watching 1.3178 for short term barometer. Get above and then the 100 hour MA at 1.32015 to give the buyers some hope.

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AUDUSD buyers and sellers battle it out between technical support and resistance

2023-06-22

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200-hour moving average on the topside. Swing area on the downside

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The USDJPY keeps bouncing off the 100 hour MA.

2023-06-22

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Discover the consistent pattern of USDJPY bouncing off the 100-hour moving average (MA). Explore the potential for continued upside momentum in the currency pair. Keep a close eye on the key level of 142.237 for short-term intraday clues that may provide insights into the next market movements. Stay informed and make well-informed trading decisions by watching this video.

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GBPUSD buyers had their shot above the 100 hour MA after BOE hike, but they missed

2023-06-22

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Explore the recent opportunity for GBPUSD buyers as they aimed to surpass the 100-hour moving average (MA) following the Bank of England (BOE) hike. However, their efforts proved unsuccessful. Delve into the analysis of what lies ahead for the GBPUSD pair. Gain valuable insights into the potential future movements and market dynamics. Stay updated and make informed trading decisions by watching this video.

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EURUSD extends higher today but backs off after break of 1.1000 fails

2023-06-22

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Witness the extension of EURUSD's upward movement today, only to retreat after failing to sustain a break above the key level of 1.1000 to 1.1006. Explore the significance of this failed upside target and the subsequent shift in support to the range of 1.0961-1.0972. Stay informed about the latest developments in the market and gain valuable insights for your trading decisions by watching this informative video.

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USDJPY Technical Analysis

2023-06-22

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

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Higher for Longer

2023-06-22

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2023-06-22

Overview:  The central banks of Norway and Switzerland have hiked rates by 50 bp and 25 bp, respectively. Attention is on the Bank of England. A 25 bp hike is widely expected but after strong inflation report, the risk is clearly for a 50 bp hike. In fact, we suspect a quarter-point move could see sterling sold. With a new orthodox economics team in Turkey, a large rate hike is expected today. Late in the North American session, Mexico's central...

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NZDUSD buyers try to take more control, but has work to do

2023-06-21

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Witness the determined efforts of buyers in the NZDUSD pair as they attempt to establish control, yet challenges lie ahead. The recent lows have encountered resistance just before reaching the 200-day moving average (MA). Explore the significance of this technical barrier and its implications for the currency pair's future movements. Stay updated on the latest developments and gain valuable insights for your trading decisions by watching this...

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USDCAD can’t get and stay above the 100 hour MA. The lows from Friday and Monday eyed.

2023-06-21

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Explore the ongoing challenges faced by USDCAD as it fails to establish a sustained position above the 100-hour moving average (MA). Keep an eye on the lows from Friday and Monday, which serve as significant levels of interest. Gain insights into the current market dynamics and the prevailing control of sellers in the USDCAD pair. Stay informed and make informed trading decisions by watching this video.

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USDCHF stalls at the 200 hour MA on rise today. Key resistance target above today.

2023-06-21

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Discover the current position of USDCHF between the 100-hour and 200-hour moving averages (MAs). Gain insights into how this range-bound movement could impact the future direction of the currency pair. Stay informed about potential trading opportunities in the forex market by watching this video and make well-informed trading decisions.

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GBPUSD falls despite higher CPI today, but finds support at the 200 hour MA

2023-06-21

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Learn about the critical target for buyers to gain more control in the USDJPY trading, which is the 100-hour moving average (MA) located at 1.27779. Explore how this level serves as a key threshold for buyers to establish dominance in the market. Stay informed about potential trading opportunities by watching this video and make well-informed trading decisions.

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USDJPY holds 100 hour MA on the downside defining support.What is the next topside target?

2023-06-21

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Discover the key technical factors influencing the trading of USDJPY today. Gain insights into the technical analysis driving the movements of this currency pair. Stay up to date with the latest market trends and make well-informed trading decisions by watching this informative video

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There is room to roam in the EURUSD as the markets prepare for the Fed Chair testimony

2023-06-21

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Explore the current market situation of the EURUSD, which has been confined within a narrow 28-pip trading range throughout the day. Learn how traders are eagerly anticipating a breakout beyond the established technical levels. Stay informed about potential trading opportunities and the latest market developments by watching this video.

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