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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FOREX QUICK: A record low for the GBPUSD, but the closing level for the week is short term bullish

2022-10-01

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The GBPUSD moved to a new all time record low this week. However, by the close, the price had rebounded and is closing the week with a more bullish bias in the short term. What needs to be done to keep the ST bias intact in the new trading week?

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FOREX QUICK: The USDJPY is still dealing with the BOJ intervention extremes.

2022-10-01

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The USDJPY has the ghost of the verbal and actual intervention extremes to deal with near the 145.00 level and above. The highs this week respected the 145.00 level, but is closing the week near the level. Can the sellers continue to keep the lid on the pair and perhaps push lower in the new trading week?

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FOREX QUICK: USDCHF closes with more of a bullish bias. Can the buyers keep the momentum going?

2022-10-01

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The USDCHF closed the week with more of a bullish bias in an up and down week. Can the buyers in the new trading week keep the momentum going?

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FOREX QUICK: USDCAD closes near highs for the year and highest level since May 2020. What now?

2022-10-01

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With the USDCAD closing at new highs for the year and highest level since May 2020, the buyers are in firm control. What would weaken the bullish trend for that pair in the new trading week?

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With the RBNZ set to raise rates by 50 BPs, what do the buyers have to do to get the NZDUSD higher?

2022-09-30

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Like the AUDUSD, the week ending September 30, 2022, the NZDUSD buyers had their shot to take more control. That move failed and the price is closing near the lows for the week. What would have to happen in the new trading week for the NZDUSD to tilt the bias back to the upside?

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FOREX QUICK: The buyers in the AUDUSD had their shot to move higher. They missed.

2022-09-30

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In this FOREX QUICK video, I look at the AUDUSD. The buyers this week had their shot but are ending the week with the sellers back in control in the short term and the long term.   The pair is closing below the 100 hour MA and a channel trend line. Going forward, it will take a move back above those areas to tilt the bias back to the upside (that would be the minimum).  Absent that and the sellers are in firm control in the short and long term.

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S&P technical analysis: Watch these price levels.

2022-09-30

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The marker is still bearish and bulls should wait. When can they enter? For those seeling a healthy confirmation, the S&P futures (ES) should close a 4hr candle, or daily candle, above 3750.

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FOREX QUICK:A technical look at USDCHF as it finds support buyersnear trendline support

2022-09-30

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Trend line stalls the USDCHF fall today twice. What levels are in play for that currency pair today and why

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It is Friday, month end and quarter end. Flow of funds may dominate trading today

2022-09-30

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It is Friday, month end, quarter end which could cause the flow of funds to dominate trading. That may lead to volatile price action. Technicals may not be the major focus as the needs dominate vs the trader focused risk defining levels.   Nevertheless, the technicals tell a story and the video tells the story for the EURUSD, USDJPY, GBPUSD and AUDUSD. Good fortune with your trading.  1:00 EURUSD 4:15 USDJPY 5:42 GBPUSD 7:10 AUDUSD

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Wake Me Up When September Ends

2022-09-30

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2022-09-30

Benchmark 10-year yields are off 6-8 basis points in Europe and the United States. The panic seen at the start of the week in the UK has subsided considerably, as sterling recovered to almost where it was a week ago, while BOE’s hand has help steady the Gilt market. Equities in Asia Pacific suffered after the losses in the US yesterday. Hong Kong and India were notable exceptions.

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Ups and downs continue in the USDCHF

2022-09-29

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The USDCHF ping pongs between the100 hour MA above and the 200 hour MA below

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EURUSD and GBPUSD move toward 200 hour MA targets

2022-09-29

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Key target areas being tested in the two major currency pairs

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The USD fell yesterday but is seeing modest rebound today. What are the key levels in play?

2022-09-29

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0:59 - The EURUSD moved back above a key swing area going back to 2002 between 0.9662 to 0.9708 but could not sustain upside momentum. THe price is back in that range at the start of the NY session 3:45 - The USDJPY moved back into swing area ahead of the 145.00 ceiling. That swing arear comes between 144.56 and 145.00 6:12 - The GBPUSD moved down to retest the lower 100 hour MA and found some support buying against the level. Getting above and...

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USDJPY falls to profit taking/support target. What now?

2022-09-28

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The USDJPY stalled yesterday and into today against the 145.00 ceiling. Coming into the NY session the price was nearer that high but with the dollar selling has seen a drift back down toward the 100/200 hour MA target. Profit takers/dip buyers leaned on the first look so far. WIll that level hold or will it be broken?  That is the next trade that traders are pondering.

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FOREX QUICK: EURUSD moves back to its 100 hour MA and into a key swing area going back to 2002

2022-09-28

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The EURUSD buyers are making more of a play as they take the EURUSD higher and above the 100 hour MA and into a key swing area from June/October of 2002. What next?  If you like /don't like these short videos, please let me know and subscribe to our YouTube station.

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Forex Quick: The USDCAD sellers are making a play. What next?

2022-09-28

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In this Forex Quick video, I discuss the sellers making a play in the USDCAD after a trend like move in the pair.  What do the sellers have to do to keep control. I look at it in this short video technical view.

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When the markets are volatile, technical levels are key barometers for risk/bias

2022-09-28

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When markets are volatile - and they are volatile - you need technical levels to give you bias and risk defining clues.  Absent that and you are driving with your eyes closed. The Bank of England is trying to come to the rescue as investors staged a mass exodus and of UK debt and equity's and the pound in general. Their actions sent the GBPUSD higher but only to the high from yesterday before rotating back to the downside. In this video I outlined...

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The USD is seeing some selling today tarnishing thebullish crown but with more work needed

2022-09-27

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The USD is seeing some selling today tarnishing the bullish crown. HOwever there is more work needed for the bias to shift further in favor of the short term USD sellers.  In the morning video, I look at the: GBPUSD 0.45 EURUSD 4:10 USDJPY 6:24 USDCAD 8:28

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DAX technical analysis & trade idea (contrarian long!)

2022-09-27

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DAX analyses the performance of Germany's 40 largest blue chip companies traded on the Frankfurt Stock Exchange. Some traders use the DAX as a "tell" and indication for US stocks. In the following DAX technical analysis video, and trade suggestion, I present a low probability but high return vs risk possible trade, wherein a support that many people (primarily trading algos) are monitoring. When a support breaks, fresh bears start...

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Semblance of Calm Returns

2022-09-27

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2022-09-27

(Business travel will prevent me from updating the blog for the next couple of days.  Thank you for your patience.  Good luck.)Overview: After extending last week’s moves yesterday, the capital markets are mostly calmer today. Sterling is firmer, as are UK Gilts.

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