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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NZDUSD buyers try to take more control, but has work to do

2023-06-21

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Witness the determined efforts of buyers in the NZDUSD pair as they attempt to establish control, yet challenges lie ahead. The recent lows have encountered resistance just before reaching the 200-day moving average (MA). Explore the significance of this technical barrier and its implications for the currency pair's future movements. Stay updated on the latest developments and gain valuable insights for your trading decisions by watching this...

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USDCAD can’t get and stay above the 100 hour MA. The lows from Friday and Monday eyed.

2023-06-21

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Explore the ongoing challenges faced by USDCAD as it fails to establish a sustained position above the 100-hour moving average (MA). Keep an eye on the lows from Friday and Monday, which serve as significant levels of interest. Gain insights into the current market dynamics and the prevailing control of sellers in the USDCAD pair. Stay informed and make informed trading decisions by watching this video.

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USDCHF stalls at the 200 hour MA on rise today. Key resistance target above today.

2023-06-21

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Discover the current position of USDCHF between the 100-hour and 200-hour moving averages (MAs). Gain insights into how this range-bound movement could impact the future direction of the currency pair. Stay informed about potential trading opportunities in the forex market by watching this video and make well-informed trading decisions.

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GBPUSD falls despite higher CPI today, but finds support at the 200 hour MA

2023-06-21

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Learn about the critical target for buyers to gain more control in the USDJPY trading, which is the 100-hour moving average (MA) located at 1.27779. Explore how this level serves as a key threshold for buyers to establish dominance in the market. Stay informed about potential trading opportunities by watching this video and make well-informed trading decisions.

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USDJPY holds 100 hour MA on the downside defining support.What is the next topside target?

2023-06-21

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Discover the key technical factors influencing the trading of USDJPY today. Gain insights into the technical analysis driving the movements of this currency pair. Stay up to date with the latest market trends and make well-informed trading decisions by watching this informative video

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There is room to roam in the EURUSD as the markets prepare for the Fed Chair testimony

2023-06-21

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Explore the current market situation of the EURUSD, which has been confined within a narrow 28-pip trading range throughout the day. Learn how traders are eagerly anticipating a breakout beyond the established technical levels. Stay informed about potential trading opportunities and the latest market developments by watching this video.

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Ethereum Technical Analysis

2023-06-21

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Here's a quick technical analysis on Ethereum. For more visit ForexLive.com

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UK Inflation Surprises to the Upside and Weighs on Sterling

2023-06-21

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2023-06-21

Overview: The UK surprised with higher-than-expected consumer inflation and budget deficit, and the odds of a 50 bp hike tomorrow edged higher. Sterling has been sold on the news and is the weakest of the G10 currencies, off about 0.5%. The dollar is mixed with the euro, Swedish krona, Canadian dollar, and Swiss franc posting small gains. Emerging market currencies are lower, including the Chinese yuan, which is at new lows since last November. The...

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GBPUSD trades below 100 hour MA. Sellers trying to make a play

2023-06-20

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Discover the importance of the 100-hour moving average (MA) and the 61.8% retracement level of the range since 2021 high, as both align near the 1.2760 area. Explore how this critical zone acts as a key barometer for the future movements of the pair. Stay informed about potential trading opportunities by watching this insightful video.

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The USDCAD sellers had their shot below key swing area support. They missed.

2023-06-20

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Discover the recent rebound of the USDCAD as it rises above a significant swing area between 1.3207 and 1.32299. Learn about the implications of this price action and how it could impact the future movements of the currency pair. Stay informed about potential trading opportunities in the forex market by watching this video.

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USDCHF tests 200 hour MA and finds seller on the test. What next?

2023-06-20

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Explore the correlation between the USDCHF and the USD as it follows an upward trend in today's trading session. Find out what this relationship means and how it might change how the two currencies move in the future. Stay up to date with the latest market trends by watching this video and gaining valuable insights for your trading decisions.

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AUDUSD cracks lower. Below 200 hour MA after sharp fall today

2023-06-20

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Discover the significance of AUDUSD trading below the 200-hour moving average (MA) at 0.67912. Find out how this technical indicator could change how the currency pair moves in the future. Stay ahead in the forex market by gaining insights from this video and making informed trading decisions.

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USDJPY rotates lower off November 2022 swing high

2023-06-20

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Discover the significance of the 142.25 area as a key resistance level on the daily chart. Find out where buyers are near this price level and how that could affect how the market moves in the future. Stay informed about potential trading opportunities by watching this video and make well-informed decisions

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EURUSD tries to hold key swing area support near 1.0900

2023-06-20

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Find out what the area between 1.08955 and 1.0908 means for the EURUSD in the short run. Find out how this important level may impact how the pair of currencies move in the future. Stay informed and make informed trading decisions in the forex market by watching this video.

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Scandis and Antipodeans Lead the Greenback’s Recovery

2023-06-20

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2023-06-20

Overview: The market continues to resist the Fed's signal that another 50 bp of hikes may be necessary to ensure inflation is headed toward its target. Previously, the market had rate cuts priced in, and it took some time for the Fed's push back to be accepted. The market converged with the Fed, and this helped the dollar recover. We suspect a similar pattern to play out again. The market does not have even one of the two Fed hikes discounted. As...

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GBPUSD Technical Analysis

2023-06-20

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

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S&P 500 Technical Analysis

2023-06-19

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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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Week Ahead: Greenback Looks Set to Bounce after the Recent Drubbing

2023-06-17

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2023-06-17

The week ahead is less eventful than the week that just passed, which saw the anticipated hike by the ECB and the small cut by the PBOC. The Fed delivered the widely tipped hawkish hold and the US CPI continued to decelerate. The dollar fell against the G10 currencies last week but the yen.  Sterling, and the Canadian dollar rose to new highs for the year,  Momentum indicators are stretched.  This coupled with risk-reward considerations suggest...

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What area is the key barometer for the EURUSD in the new trading week?

2023-06-16

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A deep dive into the technicals driving the GBPUSD as the clock ticks toward the weekend

2023-06-16

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The GBPUSD broke above the 61.8% of the range since 2021 high at 1.27605 this week. That is close support now.

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