Category Archive: 4) FX Trends
Forex Trading Update: USDCAD falls back below the 100/200 hour MAs and that tilts the bias back down
Stay up-to-date with the latest developments in the forex market as we bring you the latest USDCAD trading update. The currency pair's price action is characterized by its ups and downs as the new trading week begins.
In a notable move, the USDCAD has fallen back below the 100-hour and 200-hour moving averages (MAs), signaling a shift in bias towards the downside. Join us as we analyze the implications of this movement and explore potential...
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ForexLive Video: AUDUSD trades up and down with the 200 day MA stalling the fall today
Join us for this insightful ForexLive video as we dissect the intriguing price action of AUDUSD. Earlier in the day, the currency pair experienced a downward move, but found support from eager buyers near the 200-day MA at 0.6717, which effectively stalled the fall. Additionally, the 61.8% Fibonacci level lies at 0.67117, adding to the significance of this price region.
Today's low reached 0.6714 before the pair rotated back to the upside, making...
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ForexLive Video: GBPUSD sellers are more in control The 50% midpoint is short term barometer
In this ForexLive video, we closely examine the GBPUSD price action and its current dynamics. During the Europe session, the currency pair moved above the 50% midpoint, showcasing potential bullish momentum. However, it rotated back below this critical level, indicating that sellers might be regaining control in the short term.
Join us to gain valuable insights into the ongoing developments of GBPUSD, understand the significance of the 50%...
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USDJPY trades above and below the 50% midpoint of the move down from the end of June high
Discover the dynamic price movement of USDJPY, as it fluctuates above and below the critical 50% midpoint of the move down from the end of June high (141.149). In today's trading session, this level becomes a short-term barometer for both buyers and sellers, making it crucial for traders to closely monitor.
Join us as we delve into the significance of the 50% midpoint, observe how the currency pair behaves around it, and identify potential signals...
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EURUSD lower but off the low. Some decent support holds.
The EURUSD experienced a decline but managed to rebound from its low, finding support at key levels in the process. The currency pair faces some decent support that has held for now, potentially signalling a pause in the downtrend.
In this analysis, we explore the specific support levels that have provided a floor for the EURUSD's recent decline. Understanding these critical support areas can help traders identify potential buying opportunities...
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Russell 2000 Technical Analysis
Here's a quick technical analysis on the Russell 2000 with some fundamental background.
For more visit ForexLive.com
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ForexLive Video:EURGBP trades the technicals this week, that is good new for the next week’s trading
The technical levels did a good job of at extremes and on the correction from the high this week. That is good news for next week's trading.
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ForexLive Video: USDCAD trades down and back up. Above the 100/200 hour MAs, but work to do.
What are the technical levels telling us now and what levels would tilt the bias further in the pair.
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ForexLive Video: GBPUSD moves to new lows for the week and below a swing area but sees a rebound
A swing area between 1.28349 and 1.28486 is a short-term barometer for traders today in the GBPUSD
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ForexLive Video: The EURUSD holds near the low from yesterday and ahead of 38.2% retracement target.
The EURUSD 38.2% retracement of the move up from the July low comes in at 1.1106. That and 1.1095 is support for the pair going forward.
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USDJPY Technical Analysis
Here's a quick technical analysis on USDJPY with some fundamental background.
For more visit ForexLive.com
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ForexLive Video: The USD is moving to new highs vs the EUR, GBP, JPY, CHF and NZD. What next?
The USD is trading to new highs vs a number of currencies. What technical and risk levels are in play now?
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ForexLive Video: AUDUSD fails on the run higher. Now the sellers are making a play in the pair
The AUDUSD raced higher in the Asian session on the back of better employment data. However, the run to the upside saw buyers extend a swing area near 0.6839 to a high of 0.68463, but that run was short lived. Buyers turned to sellers and the run to the downside started.
The price is now below the 200 hour MA at 0.6784 after testing the close from yesterday at 0.6771. Can the sellers - who are not making the break - keep the momentum going?
Stay...
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USDJPY breaks above the 140.00 level. What next?
For the USDJPY, the 38.2% retracement of the moved down from the end of June high comes in at 140.224. A swing area high is up at 140.452
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