Category Archive: 4) FX Trends
Bitcoin technical analysis 05 Aug 2022
BTCUSD is in the middel of the presented regression channel and traders seem to be waiting for the next move.
See also
Bitcoin traders are battling it out in the short term. Find out why in this video.
https://www.forexlive.com/Cryptocurrency/bitcin-traders-are-battling-it-out-in-the-short-term-20220804/
ETHUSD technical analysis @ 1663.27 on 05 Aug. Will the bull flag be broken to the upside?
-frxYQ
Read More »
Read More »
Russell futures technical analysis for 05 Aug 2022
Major US indices open mixed. NASDAQ up. S&P near unchanged
Dow industrial average marginally lower. https://www.forexlive.com/news/major-us-indices-open-mixed-nasdaq-up-sp-near-unchanged-20220804/
Russell 2000 broke up the bull flag and showing some resting, probably temporarily.
Read More »
Read More »
Nasdaq futures technical analysis 05 Aug 2022
Also see Nasdaq related news at Forexlive as USD slides, oil falls to the worst since Feb 2
https://www.forexlive.com/news/forexlive-americas-fx-news-wrap-usd-slides-oil-falls-to-the-worst-since-feb-2-20220804/
Other technical analysis from ForexLive https://www.forexlive.com/technical-analysis
Read More »
Read More »
ETHUSD technical analysis @ 1663.27 on 05 Aug. Will the bull flag be broken to the upside?
Etheruem technical analysis follow up to https://www.forexlive.com/technical-analysis/profitable-ethereum-short-position-ethusd-technical-analysis-snapshot-20220802/
And previously to the trade idea provided in the 1st technical analysis for ETHUSD on https://www.forexlive.com/technical-analysis/ethereum-technical-analysis-20220731/
Read More »
Read More »
Bitcoin traders are battling it out in the short term
The price of bitcoin has been consolidating near low levels and maintains a negative bias on the daily chart. However, there is some ambiguity from a short term perspective for the pair.
In this video, I breakdown the battle that is going on and explain the risks and bias from a technical perspective..
Read More »
Read More »
The morning technical review fore August 4 of the major currencies. GBP falls. EURUSD stays confined
The USDJPY finds sellers near the 200 hour MA and USDCHF cracks back below the 100 day MA and tests 200 hour MA below
Read More »
Read More »
Over to the BOE
Overview: Strong gains in US equities yesterday and
easing fears following Pelosi’s visit to Taiwan helped lift most Asia Pacific
equities, with Hong Kong leading the way with a 2% rally. Taiwan, Australia,
and India did not participate in the regional rally. The Stoxx 600 is edging higher
today. It was flat on the week through yesterday. US futures are a little
firmer. The greenback is offered against the major currencies led the Antipodeans.
The...
Read More »
Read More »
Market Takes China’s Response in Stride, Risk Appetites Recover
Overview: The market is
judging China's response to Speaker Pelosi's visit in a mild way and risk
appetites returned. Equity markets are higher, even though Chinese shares
weakened. Europe's Stoxx 600 is edging higher after two days of small loses,
and US futures enjoy a firmer bias. The surge in US rates yesterday has calmed.
The US 10-year yield is firm near 2.76% and the 2-year yield is up a
couple of basis points near 3.07%. European yields are...
Read More »
Read More »
VIDEO: The EURUSD made a break and failed. The USDJPY got closer to key support.Key levels in play.
A look at a number of currency pairs in this morning video including the EURUSD, USDJPY, GBPUSD, USDCHF, USDCAD and the AUDUSD. What levels are in play? Watch and find out.
Read More »
Read More »
Aussie Hit with Profit-Taking after RBA Hikes 50 bp
Speaker Pelosi's visit to Taiwan has added to the risk-off mood of the capital markets today. Most of the large Asia Pacific equities sold off, with Australia and India being notable exceptions. Europe's Stoxx 600 is off for the second consecutive session, and by the most (~0.60%)
since mid-July. US futures are also weaker. Benchmark 10-year rates are lower.
Read More »
Read More »
ETHUSD technical analysis and how to manage a profitable short trade
A followup to the technical analysis on Ethereum and its short trade idea from 2 agao go, provided here: --nI
Now that etheruem is at $1560, the trade is successful, but the stop loss of the ETHUSD short trade is too far. What should be done? Lower the entrance stop to prevent loss? Or abandon the trade? Or partial profit, and how much?
Read More »
Read More »
Drilling down through the AUDUSD charts. What are they showing?
The AUDUSD has been rebounding since the low on July 14 and has moved up to test the 38.2% of the 2022 range on the daily chart.
The hourly chart has shown some up and down volatility of late but some bullish buying tendencies.
The 5-minute correction today held the 50% but is stalling at a ceiling for the day.
What does the combined story - and drill down - tell us about the pair's bias and risk levels along with key targets ahead?
Read More »
Read More »
Yen Squeeze Continues
The US dollar begins the new month better offered. It is softer against all the major currencies. Short yen positions continue to get unwound, which is leading the move, followed by the Antipodeans, where the Reserve Bank of Australia is expected to hike rates tomorrow.
Read More »
Read More »
VIDEO: A technical look at the EURUSD, USDJPY and GBPUSD to start the trading week
The EURUSD moved higher into the London morning session but backed off after reaching the top end of the recent up and down price action (once again). Still waiting for a break.
The USDJPY moved to a new low and in the process inched closer to a key cluster of support on the daily chart. Sellers in control.
The GBPUSD moved to a new high and left some short term support floors on the downside.
Read More »
Read More »
USDJPY Technical Analysis
See the full technical analysis at https://www.forexlive.com/technical-analysis/usdjpy-technical-analysis-with-video-explanation/
Read More »
Read More »
Macro and Prices
Next week, there are three big events: the US jobs report, the Reserve Bank of Australia meeting, and the Bank of England's meeting. That said, the final PMI readings may be more helpful this time than we often see because of how quickly it appears activity has stalled.
Read More »
Read More »
August 2022 Monthly
We can hope that August will be quiet. The Federal Reserve, the European Central Bank, and the
Bank of Japan do not meet until September. With a snap Italian election on September 25, an Italian political storm may wait for vacationers to return.
Read More »
Read More »
Ethereum technical analysis
Some say the most significant component of technical analysis is price movement.
ETHUSD hasn't closed a daily candle around $1700 in 3 days. This indicates a lack of bullish momentum to drive Ethereum to a new price level.
Technically, ETH is a bear flag. Bear flags continue downtrends. Bear flags have a strong downward move followed by an upward consolidation channel. ETHUSD looks to be in a channel, even without a bear channel, after touching...
Read More »
Read More »
VIDEO: The USD moves higher after the higher core PCE inflation numbers today
The US core PCE data was a bit stronger than expected and that has pushed the USD higher in early NY trading after moves lower earlier in the day. The core PCE is a favored inflation figure used by the Fed. The US stocks are mixed in pre-market trading.
Read More »
Read More »