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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EURUSD bias shifts back to the downside after better US data, but support still holding

2023-06-29

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The EURUSD value area low at 1.0867 to 1.0896. Needs to be broken and remain broken.

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PBOC Fixes Dollar Lower, but It Recovers Against the Yuan, Riksbank Hikes and Market Yawns

2023-06-29

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2023-06-29

Overview: The US dollar is narrowly mixed against the G10 currencies. Stronger than expected Australian retail sales helped steady the currency after the soft inflation data took it down. Sterling has also steadied after it suffered its largest loss yesterday (~0.9%) in over a month. Sweden's 25 bp rate hike has not given the krona much of a lift. Central European currencies lead the emerging market currencies higher, while the PBOC set the...

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S&P 500 Technical Analysis

2023-06-29

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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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For the AUDUSD, stay below 0.6652 in the new trading day

2023-06-28

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Sellers are in firm control below 0.6652 in the AUDUSD

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USDCHF trading higher on the day with the bias tilting back to the upside.

2023-06-28

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The 100 and 200 hour moving averages at 0.8955

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The NZDUSD breaks lower and is the biggest mover. What led to the decline? What next?

2023-06-28

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The 200 day MA was broken, some weaker price data in Australia, and other technical breaks lest the pair lower

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USDCAD finally breaks above the 200 hour moving average.

2023-06-28

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USDCAD's first break above the 200-hour MA since early June

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GBPUSD tumbles lower after floor is broken at 1.2687

2023-06-28

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GBPUSD breaks belowswing area between 1.2687 to 1.26988

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USDJPY makes new eight-month highs ahead of central bankers chat. What levels are in play?

2023-06-28

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BOE, ECB, Fed and BOJ leaders to speak at 9:30 AM ET

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The EURUSD is hangin around the 100/200 hour MA (mid-range).

2023-06-28

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The EURUSD pair trades mostly in a range between 1.0890 and 1.0975

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The Dollar Regains Composure

2023-06-28

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2023-06-28

Overview: The dollar is better bid today. It is rising against nearly all the G10 currencies, with the Antipodeans bearing the brunt, after a softer than expected Australian inflation report. The yen has steadied after extending its losses to new lows for the year. Emerging market currencies are also mostly lower, though the Mexican peso is edging higher for the fourth consecutive session. The large Asia Pacific bourses rallied with the exception...

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GBPJPY Technical Analysis

2023-06-28

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

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NZDUSD ping pongs between 100 day MA above and 200 day MA below today

2023-06-27

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Traders looking for the next shove with the 100 day MA above at 0.6202, and the 200 day MA below at

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USDJPY trades to a new 2023 high but not by a lot. Buyers still in control though.

2023-06-27

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The sellers need to do more to take back control. Until then, the buyers are still winning.

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GBPUSD price action remains confined, with the 200 hour MA key on the topside

2023-06-27

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GBPUSD buyers try to make a play

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EURUSD moves to new session high continuing the run to the upside

2023-06-27

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Join us as we witness the continued upward surge of EURUSD, with the price reaching new session highs. In this video, we will delve into the key factors driving this upward momentum, focusing on the price's progression towards a crucial swing area between 1.09618 and 1.09728, which aligns with recent highs. Gain valuable insights into the technical indicators and chart patterns supporting this bullish move and explore the potential implications...

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PBOC Sends Signal in Lower Dollar Fix, while the Canadian Dollar makes a 9-Month High

2023-06-27

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2023-06-27

Overview: Hawkish comments by ECB President Lagarde at the central bank symposium in Sintra and the PBOC's weaker dollar fix have weighed on the greenback today. It is lower against most of the G10 currencies, but the Japanese yen and Norwegian krone. It also slipped to a new nine-month low against the Canadian dollar. Emerging market currencies are also mostly firmer, with the notable exceptions of the Russian rouble and beleaguered Turkish lira....

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NZDUSD Technical Analysis

2023-06-27

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Join us as we provide a comprehensive technical analysis of the NZDUSD currency pair, accompanied by essential fundamental background information. Dive into the key technical indicators and chart patterns that are currently influencing NZDUSD's movements. Gain valuable insights into the potential future trajectory of the pair based on the technical and fundamental factors at play. To further enhance your understanding, visit ForexLive.com for more...

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The USDJPY corrects lower today, but are the buyers winning? Not now.

2023-06-26

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Join us as we explore the recent correction in USDJPY, shedding light on the prevailing buyer dominance observed on both the daily and hourly charts. In this video, we will analyze the key factors contributing to the buyers' control, providing a comprehensive understanding of the market dynamics. Gain valuable insights into the technical indicators and chart patterns supporting buyer dominance and discover the potential implications for future...

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The USDCAD skims along support while resistance pushes down from above.

2023-06-26

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The battle is on in the USDCAD. Looking at the technical, the pair today stalled just above support at the 50% of the move up from the October 21 low to the October 2022 high. That level comes in at 1.3132. The low reached 1.3135 just above that level. On the topside, the high today stalled just ahead of the swing area at 1.31778. Just above that is the falling 100 hour MA. Getting and staying above each, would increase the bullish bias with the...

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