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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A technical look at the major currency pair after Fed Chair Powell Jackson Hole speech

2023-08-25

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The USD is reversing back higher after a run lower could not be sustained

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AUDUSD trades below the 100/200 hour MAs ahead of Chair Powell speech (bearish tilt)

2023-08-25

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The AUDUSD 100/200 hour MAs are near 0.6432 area

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USDCAD buyers are more in control, but a 1.3603 ceiling is being built

2023-08-25

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If the USDCAD can get above 1.3603, it should open the upside more for the pair. Conversely move below 1.3564 would be a precursor to a shift more to the downside today.

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August 25, 2023: Kickstart your FX trading with a technical look at the EURUSD, GBPUSD and USDJPY

2023-08-25

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A technical look at the 3 major currency pairs as traders prepare for the Fed Chair speech at Jackson Hole

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Silver in focus this week | Market Outlook with Exness

2023-08-25

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Here's what's in store this week and we're about to discuss it in this week's Market Outlook with Exness. Dive into this week's focal point - Silver's price action. Discover its upward trajectory and the technical resistances impacting its movement. Explore the Dollar index's shift in bullish momentum and the potential for a downward correction, affecting forex pairs. All eyes are on the Jackson Hole Symposium, especially Fed Chair Jerome...

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Dollar Bid and Rates Firm Ahead of Powell

2023-08-25

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2023-08-25

Overview: The euro and sterling took out important chart levels near $1.08 and $1.26, respectively. They have steadied in the European morning but remain fragile ahead of Fed Chair Powell's speech at Jackson Hole. A couple of ECB officials sounded a bit hawkish and a less hawkish comment by ECB President Lagarde could renew the pressure on the euro. The market appears to be going into Powell's speech with a hawkish bias and the odds of a hike next...

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USDJPY Technical Analysis

2023-08-25

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

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USDCHF extends to the 50% midpoint target. What next?

2023-08-24

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The 50% midpoint of the move down from the end of May high is reached at 0.88497.

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EURJPY corrects higher into resistance. Can the sellers keep control and push lower?

2023-08-24

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EURJPY stalls the rally near swing area resistance between 157.90 and 158.09

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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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