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 USDCAD turns more neutral technically heading into the new trading week

2023-07-14

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For the week starting July 17, the USDCAD is more neutral at least in the short term The price is back above the 100 hour MA and the 38.2%. Both tilt the bias a little more to the upside if they can hold. On the topside the 200 hour MA still looms as resistance.

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The USDCHF made a break to the lowest level since January 2015 this week. That’s important

2023-07-14

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The USDCHF fell sharply this week. The fall took the price below 0.87568 the lowest level in over 8 years. What next going into the new trading week for the pair?

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AUDUSD comes off the boil (to the upside) and corrects lower today

2023-07-14

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The AUDUSD tested the 61.8% and the swing high from June, but found sellers.

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USDCAD corrects to the upside toward the falling 100 hour MA. What next?

2023-07-14

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USDCAD corrects to the upside toward the falling 100 hour MA. Earlier, the price of the USDCAD moved back above the 50% midpoint of the move up from the October 2021 low at 1.3132. That level is now key support again.

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USDJPY corrects higher to broken 38.2% retracement level at 139.176. Battles is on now.

2023-07-14

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The USDJPY bottoms near the 50% retracement of the move up from the March 2023 low, and the 200 day moving average

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GBPUSD trades lower today after strong gains this week

2023-07-14

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GBPUSD consolidates just under the low of a target on the daily chart near 1.31465.

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EURUSD consolidates strong gains this week.

2023-07-14

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In this analysis, we examine the EURUSD's impressive performance this week, consolidating substantial gains. The pair have recorded a 2.3% increase, marking the largest weekly gain since November 2022. Join us as we delve into the factors driving this significant rise, explore key technical levels, and discuss the implications for traders.

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After Dramatic Week, Capital Markets are Stabilizing

2023-07-14

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2023-07-14

Overview: After tumbling headlong this week, the dollar appears to be broadly consolidating ahead of the weekend Among the G10 currencies, the Canadian dollar's 1.2% gain is the least and it made new 10-month highs earlier today The beleaguered Scandis soared The Norwegian krone's 6.6% advance followed by the Swedish krona's 5.8% surge led the major currencies The Dollar Index is off about 2.4% this week ahead of the North American session It is...

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Part 1 of transforming your #homeoffice with the power of little details #wfh #workfromhome

2023-07-14

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USDCAD Technical Analysis

2023-07-14

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

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AUDUSD approaches its highest level going to February 2023

2023-07-13

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Join us as we examine the AUDUSD's impressive rally this week, propelling the pair towards its highest level since February 2023. With a gain of 2.9% in the pair, the AUDUSD is testing critical levels, including the 61.8% retracement of the 2023 range and the June 2023 high range between 0.68899 and 0.68989. A successful break above and sustained stay above these levels would further solidify the buyers' control. In this video, we delve into the...

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USDCAD makes new 2023 lows (low going back to Sep 2022). What keeps the sellers in control?

2023-07-13

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Join us as we analyze the recent price action of USDCAD, which has reached new lows not seen since September 2022. The sellers continue to dominate the pair, but what factors are keeping them in control? In this video, we explore the key technical levels, resistance areas, and market dynamics that contribute to the ongoing selling pressure. Watch the video to gain insights into the forces influencing USDCAD and understand why the close...

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The USD is moving to new lows vs major currencies

2023-07-13

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In this analysis, we examine the recent price action of the USD as it continues to move to new lows against major currencies. The ongoing dollar selling pressure has resulted in significant breaks in some of the major currency pairs. Join us as we explore the technical dynamics, support and resistance levels, and market trends driving the USD's decline.

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GBPUSD buyers remain in full control. Biggest gain this week since November 2022.

2023-07-13

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The GBUSD is breaking higher today with the move above a swing area on the daily chart between 1.29496 and 1.3000. The price is trading above 1.3100 currently and looks toward a topside target area around 1.3135-40 up to 1.3185. Buyers are in control. The move higher this week, is the strongest since November 2022.

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Here’s 3 trips to increase productivity in trading! #forexlive #fx #trading #fxtrading

2023-07-13

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EURUSD stretches to another new high and tests a key week technical level

2023-07-13

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In this analysis, we explore the recent price action of EURUSD, which has extended to another new high and is currently testing crucial technical levels. The pair is challenging the 200-week moving average at 1.11805 and a significant swing area on the daily chart around the 1.1185 region. These levels serve as a key barometer for buyers and sellers, providing valuable insights into the pair's future trajectory. Join us as we analyze the...

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Dollar Sell-Off is Getting Stretched

2023-07-13

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2023-07-13

Overview: Softer-than-expected US CPI, following weaker than expected job growth has sent the greenback tumbling. The dollar is stabilizing against the yen today, but the downside momentum is intact against the other major currencies. The euro approached $1.1175, sterling $1.3080, and the greenback slumped to almost CHF0.8615. The Australian dollar reached $0.6850, and the New Zealand dollar tested $0.6360. The Canadian dollar, often a laggard in a...

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EURUSD TECHNICAL ANALYSIS, WATCH 1.122

2023-07-13

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Join us at ForexLive.com for EUR/USD technical analysis. Currently, the pair sits at 1.1154, having broken upwards from a blue channel visible on the daily time frame - a bullish indication as short sellers and algorithms adjust their positions. We're also examining a red channel derived from the low points on the 15th of March and the 31st of May. Extend this channel, and we foresee possible resistance at the 1.122 area. Remember, this is an...

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S&P 500 Technical Analysis

2023-07-13

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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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The NZDUSD breaks higher and gets close to the next key targets

2023-07-12

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Join us as we delve into the recent price action of NZDUSD, where the pair broke higher following the Reserve Bank of New Zealand's decision to keep rates unchanged at 5.5%. However, it was the release of US CPI data that truly ignited the pair's momentum. In this video, we analyze the key technical levels, support and resistance areas, and chart patterns that have contributed to the NZDUSD's upward surge.

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