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.

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

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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.

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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

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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/

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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..

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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

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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...

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VIDEO: The EURUSD is higher but remains stuck in the mud.The USDJPY has bullish tendencies

The morning video looks at the EURUSD, USDJPY, GBPUSD and USDCAD

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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...

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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.

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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.

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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?

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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?

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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.

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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.

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USDJPY Technical Analysis

See the full technical analysis at https://www.forexlive.com/technical-analysis/usdjpy-technical-analysis-with-video-explanation/

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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.

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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.

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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...

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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.

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