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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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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The AUDUSD story changed today with buyers taking control. Want to hear the new chapter?

2023-07-12

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In this video, we unveil the new chapter of the AUDUSD story, where buyers have assumed control in response to risk-on flows. The pair experienced a significant upward surge today, but what lies ahead? Join us as we analyze key support and resistance levels, chart patterns, and market dynamics to provide insights into the potential future movements of AUDUSD.

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USDJPY continues it tumble to the downside. Down over 650 pips over the last 5 days

2023-07-12

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In this video, we dive into the ongoing downtrend of USDJPY, which has experienced a substantial decline of over 650 pips in the past 5 days. The sellers are relentlessly pushing the pair towards key daily technical targets. Join us as we analyze the critical support and resistance levels, chart patterns, and trend indicators to gain insights into the driving forces behind USDJPY's significant decline.

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EURUSD technical update: EURUSD breaks to new 2023 highs. What next for the pair?

2023-07-12

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Join us as we analyze the recent technical developments in EURUSD, where the pair has broken to new highs for 2023. The buyers remain in control, propelling the pair higher amidst a market in motion. In this video, we delve into key support and resistance levels, chart patterns, and trend indicators to provide insights into potential future movements of EURUSD.

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Post the BOC rate hike, what are the technical telling us in the USDCAD

2023-07-12

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In this analysis, we examine the technical implications of the Bank of Canada (BOC) rate hike on USDCAD. The pair has approached the 50% midpoint of the move up from the October 2021 low, located at 1.3132. Furthermore, the year's low has reached 1.31157. Join us as we explore key support and resistance levels, chart patterns, and trend indicators to provide insights into the potential future movements of USDCAD.

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GBPUSD moves higher and toward 2023 highs and the key 1.3000 level

2023-07-12

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The GBPUSD is moving sharply higher after the better-than-expected CPI data and in the process is looking to test the next swing area targets on the daily chart up to the 1.29987 level. Of course, the natural resistance at the 1.3000 level is also a key target. The price has not traded above that key level since April 2022. Buyers remain in control technically after US CPI data.

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The EURUSD is higher after the US CPI and approaches the highs from 2023

2023-07-12

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In this analysis, we explore the recent price action of EURUSD, which has surged higher following the release of better-than-expected CPI data. The pair is currently testing a key swing area between 1.10669 and 1.1075 as it approaches the highs from 2023 at 1.1091 and 1.1095. Join us as we analyze the significance of these levels and discuss the potential implications for EURUSD's further upside momentum.

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US CPI and Bank of Canada Highlight North American Session

2023-07-12

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2023-07-12

Overview: The US dollar's losses have been extended ahead of the June CPI. At the same time, speculation that the Bank of Japan will adjust policy later this month saw the yen extend its gains for the fifth consecutive session. Sterling made new highs since last April, while the Swiss franc has risen to its best levels in about 2 1/2 years. The Dollar Index gapped lower and through the trendline drawn off the April and May lows. The greenback has...

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Powerful Short Squeeze Continues to Lift the Yen

2023-07-11

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2023-07-11

Overview: The greenback remains under pressure. The yen's short squeeze continues, and strong wage growth has helped lift sterling to new highs since last April. Among the G10 currencies, only the Australian and New Zealand dollars are unable to sustain gains through the European morning. Emerging market currencies are also advancing, with a couple of exceptions, including the Turkish lira despite reports on foreign equity inflows. The weaker...

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AUDUSD shifts short term bias back higher with daily MAs looming to the topside

2023-07-10

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AUDUSD shifts short term bias back higher with daily MAs looming to the topside. The pair has the 100 and 200-day MAs above at 0.6684 and 0.66963 repectively. Last week, the price moved above those MAs but stalled ahead of the next target at the 38.2% retracement at 0.6711.

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