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.

S&P 500 technical analysis: A bull climbing out of a hole.

Last day of trading for year 2022. On the back of the unemployment data yesterday, we had a big bullsih day as price breaks out of the yellow bull channel. A big and clear breakout that gets the bull out of the hole but price now needs to clear the next red channel as it eyes 3900, afterwards. Trade the S&P 500 at your own risk and visit ForexLive.com for additional perspectives.

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January 2023

The US dollar's bull market appears to have come to a climactic end late in Q3 22 and early Q4. In the last three months of 2022, the G10 currencies, except the Canadian dollar, rose by more than 5% against the greenback. In addition, six of the G10 currencies appreciated more than 7.5%. Such significant moves are often followed by consolidation and corrections. These countertrend moves can offer new opportunities to adjust currency exposures.Three...

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Nasdaq futures technical analysis: An important junction!

Price can go either way, the game is open. Watch the next 4 hour candles at the brink of this channel. We are open to either direction but a Long would be more interesting in terms of a reward vs risk ratio of the Nasdaq futures. Will the bulls make an elegant comeback here? Trade at your own risk and visit https://www.forexlive.com/technical-analysis for additional persepctives.

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A simple Dow Jones technical analysis by ForexLive.com

This is one of the most simple technical analysis, and guide (bullish or bearish) that you will probably see. It shows swing traders and buy and holders (or those seeking to sell some of their holdings) exact prices of when the market is in the favor of bulls or bears, and why. It is a simple map that can provide you with directional clearance, based on a simple and known pattern called a 'bull flag' (channel) and previous pivot points, as well as...

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2022 End of Year Videos: The strongest to the weakest of the 2022 major currencies

What was the strongest of the major currencies in 2022? What was the weakest? Between now and the end of the year (and into the start of the New Year), Greg Michalowski of Forexlive.com will be producing some video that take a look back at 2022 and then a look forward into 2023. He will start with more of a look back at the moves in the major currencies and a ranking of the strongest to the weakest of the those currencies in 2022.

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Tesla stock technical analysis: Where is the bottom?

This is an update on where the head and shoulders at TSLA may end. Its measured move is at $91. If and when it gets close to there, buyers and algos are expected to step in, significantly. Trade TSLA stock at your own risk and visit ForexLive.com for more insights.

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Stock market end of 2022: Watch these critical price levels.

How will the stock market, as represented by the Nasdaq in this technical analysis, end the year? Watch the critical price levels on the short and long term. The way that market participants (buyers and sellers) react to them will be key. Visit https://www.forexlive.com/technical-analysis for additional technical analysis perspectives on the markets.

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Nasdaq futures technical analysis

Seems that there reward vs. risk potential, at the potential breakout up of this bull channel on the hourly timeframe, supports going for a Long.

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Tesla stock technical analysis A contrarian buy of TSLA!

This is in relation to a head and shoulders possibly being complete for TSLA stock as shown here https://www.forexlive.com/Education/the-head-and-shoulders-pattern-20221209/ So it's time to scale in a buy. Scaling in means not to go all in on the buy and keep ammunition for possibly lower prices. To enter at 10% to 20% of the Long position.

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The US morning forex technical report for December 22, 2022

What levels are in play and why.... It is important to know the traders roadmap. Where we have been? Where we are going? What risk defining levels are on ahead? And most importantly, why those levels are important to you and I.  In this report, Greg Michalowski of Forexlive.com looks at the key levels in play, the technical biases and the risks and tells you why.

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Nasdaq technical analysis update 21.02.2022

Our Long is up 190 points. See the Long entry idea here https://www.forexlive.com/technical-analysis/nasdaq-futures-technical-analysis-a-contrarian-long-20221220/ And we are ready to consider a partial profit taking. Why? See the video.

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The morning forex technical report for December 21, 2022

What are the technical levels in play for the major currency pairs for trading today In the morning forex report, Greg Michalowski of Forexlive.com outlines the technical levels in play for the EURUSD, USDJPY, GBPUSD, USDCAD, and AUDUSD and explains why.  He also shows the technical bias and risk levels that would switch or enhance the bias today.

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EURUSD technical analysis & short trade idea

Planning a swing short trade on EUR vs USD. Visit ForexLive.com for technical analysis and other perspectives.

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S&P technical analysis: An early bullish reversal

Contrary to popular bullish sentiment, this video shows why it may be time for early buying to take place on ES ( S & P 500 emini futures). Trade at your own risk and see ForexLive.com technical analysis for additional perspectives.

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Nasdaq futures technical analysis: A contrarian Long!

As seen in this technical analysis video, the contrarian strategy in trading the Nasdaq is supported by the high profit vs. risk ratio. The technical logic is also there inside the trading suggestion (long on Nasdaq futures based on the daily chart). Going against the crowd while investing or trading may be risky since the consequences are typically unknown. True, a contrarian investor or trader stands to profit handsomely if their forecasts are...

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Japan Surprises

The Bank of Japan surprised everyone may lifting the 10-year yield curve cap to 0.50% from 0.25%.The BOJ also said it would increase its bond purchases to JPY9 trillion (~$68 bln) a month compared to the current JPY7.3 trillion.   BOJ Kuroda, whose term ends next April, insisted that the easy monetary policy stance will continue.   The surprise decision sent ripples across the capital markets.  Japanese stocks slumped, with the Nikkei falling...

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The weekend technical report one day late. A look at the technicals driving currency mkts

A look at the major currencies vs the USD and what the charts are saying. I was traveling this weekend, so did not have an opportunity to take a look at the technical levels in play heading into the new trading week.   This video report, goes through  each inof the major currency pairs vs the USD and outlines the technical levels in play that should drive the price action and provide traders with a bullish/bearish bias along with risk defining...

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Happy Holidays

There will be no daily commentary over the next couple of weeks.  The next post will be the January monthly outlook on December 29.  Here is to a happy and healthy New Year.  Good luck to us all.

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Lots of balls in the air & that brings uncertainty. What clues can the technicals provide?

A look at the technicals for the EURUSD, USDJPY and GBPUSD to start the trading day. It's Friday after a week that saw US CPI come out weaker and a Fed and ECB that were more hawkish. That caused some volatility as the markets pondered higher rates, perhaps slower growth, soft or hard landing, etc.  All of which can lead to increased volatility which should encourage understanding the technicals that are in play driven by the storyline of the...

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European Rates Continue to Surge, Sending Stocks Spiraling Lower

Overview: Seven of the G10 central banks pumped the brakes between last week and this week as they purposely seek to push demand back into line with supply. And there are more signs that they are succeeding in weakening growth impulses. The dramatic surge in European bond yields continues today with 10-year rates mostly rising another 13-15 bp.

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