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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Tesla stock technical analysis A contrarian buy of TSLA!

2022-12-22

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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

2022-12-22

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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

2022-12-21

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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

2022-12-21

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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

2022-12-21

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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

2022-12-21

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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!

2022-12-20

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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

2022-12-20

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2022-12-20

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

2022-12-19

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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

2022-12-16

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2022-12-16

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?

2022-12-16

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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

2022-12-16

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2022-12-16

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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ECB has a “come to inflation moment” and sends yields higher, EURUSD higher, stocks lower

2022-12-15

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The ECBs Lagarde along with the ECB were more hawkish on inflation saying that rates would need to rise significantly.  That has sent European yields higher, stocks lower and the EURUSD higher.  The Fed's more hawkish stance meanwhile has the USDJPY moving higher and the GBPUSD lower.  Things are moving.

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The Greenback Recovers After the Initial Post-Fed Wobble

2022-12-15

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2022-12-15

Overview: The US dollar has come back bid after losing ground against most currencies as the markets reacted to the FOMC decision and press conference. The Antipodeans and Scandis have been tagged the hardest, illustrating the risk-off mood, and arguably the weakening growth prospects. Countries that peg their currencies to the dollar have hiked rates, as has the Philippines and Taiwan. The Swiss National Bank and Norway have also lifted policy...

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A look at the technicals post the FOMC rate decision

2022-12-14

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A look at the major currency pairs after the Fed hike of 50 BPS and levels in play

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The technical levels in play in some of major currency pairs ahead of FOMC rate decision

2022-12-14

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With the US CPI in the rear view mirror, what levels are in play for the FOMC rate decision later today at 2 PM ET? In this report, Greg Michalowski of Forexlive.com takes a technical look at the EURUSD, USDJPY, GBPUSD and USDCAD ahead of that rate decision, and what risk and bias defining levels are in play today and going forward.  The EURUSD, GBPUSD and USDJPY are all trading around key levels on the daily chart, that could be setting up for...

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TSLA technical analysis and critical junction to watch

2022-12-14

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This is a daily chart of Tesla stock and price has exited this channel, which is a risky sign for buy and holders. However, they can consider to reenter, should 2 consecutive daily candles close within the channel. I show how to set a TradingView alert that can elevate your timing to a new level, without the need to be in front of the screen. Trade TSLA stocl at your own risk and visit ForexLive.com technical analysis for additional perspectives....

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What Can the Fed tell the Market it Does Not Already Know?

2022-12-14

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2022-12-14

Overview: The softer than expected US CPI drove the dollar and interest rates lower, while igniting strong advances in equities, risk assets, commodities, and gold. Calmer market conditions are prevailing today, and we suspect that in the run-up to the FOMC meeting, a broadly consolidative tone will emerge. The dollar is mostly softer, but within yesterday’s ranges. Only the New Zealand and Canadian dollars among the G10 currencies are softer....

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What the heck happened after the CPI report? Russell 2000 technical analysis

2022-12-14

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One and half minute analysis showing a technical perspecitve why profit takers sold where they did, post the CPI report. Many traders were confused as the equities futures blasted off before the standard hours of the market, continued at the open, and then signficantly faded to return more of the gains. Here's why. That same technical analysis map can help traders navigate the technical picture of the FOMC meeting reaction coming next. What the...

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The CPI came in weaker but there are some retracements in the USD and stocks

2022-12-13

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Dollar lower but off the lowest levels. Stocks show some upside reluctance too. The USD moved lower and the stocks moved higher after the weaker CPI data, but there is some backtracking going on that needs monitoring from a technical perspective.  In this report Greg Michalowski of Forexlive.com takes a technical look at the EURUSD, USDJPY, GBPUSD, AUDUSD and the S&P and Nasdaq indices.

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