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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EURUSD reverses the gains from the Fitch downgrade. Price finds sellers near 100 hour MA

2023-08-02

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Following the Fitch downgrade, the EURUSD has experienced a reversal, giving back its earlier gains. Notably, the price has encountered sellers near the 100-hour moving average (MA) in 3 out of the last 4 trading days, indicating significant resistance at this level. In this video, we closely monitor the EURUSD's price action and discuss the implications of the sellers' presence near the 100-hour MA. Stay informed with our analysis to make...

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Fitch Roils Markets

2023-08-02

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2023-08-02

Overview: Late yesterday, on the eve of the quarterly refunding announcement, Fitch cut the US rating to AA+ from AAA, citing project fiscal deterioration over the next few years and "the erosion of governance". S&P also has the US as an AA+ credit. Ironically, many observers who have been critical of the US monetary and fiscal policies, like former Treasury Secretary Summers and El-Erian, were also critical of Fitch's decision. The...

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EURUSD Technical Analysis

2023-08-02

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

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A look at the USD vs some of the major currencies as the new day approaches

2023-08-01

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In this video, we conduct a comprehensive technical analysis of the USD against some of the major currencies, including the EURUSD, GBPUSD, USDJPY, USDCAD, and AUDUSD, as the new trading day approaches. Join us as we closely examine the price action, key support and resistance levels, moving averages, and other technical indicators for each currency pair. Stay informed and make well-informed trading decisions in the dynamic forex market with our...

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USDCHF buyers break the pair above trend line and 38.2% resistance today

2023-08-01

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In today's trading, USDCHF buyers have achieved a significant milestone by breaking the pair above a key trend line and the 38.2% resistance level. The 38.2% Fibonacci retracement level, positioned at 0.8729, has now become a crucial risk level for buyers as they navigate the pair's upward movement. Join us as we closely analyze the implications of these breakthroughs and discuss potential scenarios for the USDCHF going forward. Stay informed and...

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AUDUSD breaks lower today and now tests key lows from June/July

2023-08-01

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The AUDUSD experienced a sharp decline today after the RBA's decision to keep rates unchanged. As a result, the currency pair is currently testing the swing lows observed in both June and July. A breach below these levels would be significant, as it could lead to testing another crucial swing area on the daily chart. In this video, we closely monitor the AUDUSD's price action and discuss the implications of the RBA's decision and its impact on the...

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Buyers continue to push the USDJPY higher today. Price breaks above daily resistance today.

2023-08-01

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In today's trading session, buyers continue to exert their influence on the USDJPY, propelling the currency pair higher. Notably, the price has successfully broken above daily resistance, signaling a bullish sentiment. Furthermore, the USDJPY has surpassed significant technical hurdles, including the 61.8% retracement level at 142.49 and the high of a swing area near 142.654. Staying above this area would reinforce the bullish outlook for the...

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GBPUSD falls to new session low and tests Friday’s low in the process

2023-08-01

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The GBPUSD has fallen to a new session low, indicating that sellers are exerting more control over the currency pair. In the process, the pair tests the lows from last week and a significant swing area between 1.2738 and 1.2759. Join us as we closely monitor the GBPUSD's price action and discuss the implications of the ongoing selling pressure. Stay informed with our analysis to make well-informed trading decisions in the dynamic forex market.

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Multitask with your eyes while trading 🤌 #fx #forexlive #trading

2023-08-01

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EURUSD tilts technical bias further to the downside today. Pair looks toward next downside targets.

2023-08-01

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The technical bias for the EURUSD has further tilted to the downside today. As the pair heads lower, traders are now eyeing a swing area between 1.09329 and 1.09421 as the immediate downside target. Beyond that, attention turns to the 100-day moving average at 1.0909, which will serve as a crucial barometer for both buyers and sellers if tested. Join us as we closely monitor the EURUSD's movements and discuss potential scenarios for the pair in...

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RBA Holds Fire, Greenback Rebounds

2023-08-01

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2023-08-01

Overview: The dollar has come back bid. It is rising against all the major currencies today. The Reserve Bank of Australia left rates steady and the poor Chinese Caixin PMI is weighing on the Australian dollar, which is off about 1.25% today. Sterling is the best G10 performer, off about 0.1%. Perhaps, the BOE's meeting on Thursday is helping to deflect some of the selling pressure. Emerging market currencies are also nearly all lower, led by the...

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NZDUSD returns to a cluster of MAs including the 100 hour MA, 200 hour MA and 200 day MA

2023-07-31

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In this analysis, we closely observe the NZDUSD's recent price movement, which has led the currency pair back to a cluster of important moving averages (MAs). Specifically, the 100-hour MA, 200-hour MA, and 200-day MA converge at this critical point. Join us as we discuss the significance of these MAs and explore how they will serve as the key barometer for the new trading day. Stay informed and make well-informed trading decisions in the dynamic...

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BOJ Moves to Slow JGB Sell-Off, while Month-End is Making for Subdued Price Action in FX outside the Yen

2023-07-31

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2023-07-31

Overview:  The Bank of Japan took the market by surprise with its adjustment of the cap on the 10-year yield before the weekend, and then stepped in to buy the government bond as yields rose in reaction today. The move helped lift the dollar to JPY142.50. from where it had settled on Friday (~JPY141.15). The dollar is mostly softer, however, with only the yen and Swiss franc weaker. The Australian dollar is leading the other currencies higher ahead...

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August 2023 Monthly

2023-07-29

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2023-07-29

Prices pressures are abating, albeit gradually, while economic momentum is faltering. The data in the coming weeks will help shape expectations for rate decisions for September. As the market pushed back against the Federal Reserve's forward guidance that anticipated two hikes in the second half, the US dollar fell against the G10 currencies, but found support beginning around the middle of the July as the market was reluctant to return to pricing...

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The AUDUSD is back below the longer-term 200 & 100 day MAs tilting the technical bias down

2023-07-28

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As we finish the trading week and look toward the new trading week, the sellers are more in control in the AUDUSD. Having said that, the pair has been mostly in an up-and-down trading range over the last 5 trading months. With the bias down, what would tilt the bias more to the upside, and if those levels can't be breached, what would get the price outside the 5-month up and down trading range.

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USDJPY makes a new week low today, then tests the high for week. What’s up for next week?

2023-07-28

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Bias is positive/bullish to end the week. The USDJPY traded to a new low today, and also equaled the high for the week. The day has been volatile, but is more bullish heading into the close and the new trading week. What does the price action and technicals say for next week's trading? This video will define the bias, and outline the key levels that would tilt the bias either more to the upside (the buyers are more in control), or reverse the bias...

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As Europe heads home, what are the EURUSD technicals telling us for next week’s trading?

2023-07-28

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A broad review of the technicals from a short and long term perspective. Be aware and be prepared, by watching the above video and understanding the key levels that will drive the bias for the EURUSD going forward.

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GBPUSD this week stayed within support and resistance targets. Trades near neutral levels.

2023-07-28

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The price action this week sets traders up for trading going forward into the new week

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ForexLive Video: USDJPY has a volatile up and down day as traders digest BOJ move

2023-07-28

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The Bank of Japan met and eased their yield curve control on the 10 year effectively expanding their tolerance by a further 50 basis points to 1.0%. That news - and the other news this week - has the pair moving back toward a neutral level after up-and-down-volatility. The pair is trading near the 38.2% of the range since the end of June high at 140.224 and the 100 and 200-hour MAs at 140.517 and 140.25 respectively.

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ForexLive Video: EURUSD corrects higher into overhead resistance

2023-07-28

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EURUSD trades above and below the 1.1000 level today

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