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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A trade plan for natural gas futures

2022-11-30

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The example shows a real setup and possible trade plan, but more than that, it shows swing traders in general how to look and plan their entries (with a technical reasoning and trigger), and their stop loss as well as take profit targets, as they assess their 'risk reward ratio' (also mentioned as reward vs risk ratio, which is the more precise description of the ratio itself). And how a higher or lower ratio relates to the probability of them...

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EURUSD fails on the try higher today. Sellers look to take back more control.

2022-11-29

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What sellers need to do, to keep control in the short term for the EURUSD.

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FOREX QUICK: AUDUSD and NZDUSD retrace back below MA support

2022-11-29

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Sellers in the AUDUSD and NZDUSD have taken the pair back below MA support in the short term. Can the sellers maintain control after the failed break above resistance targets?

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China Steps away from the Abyss and Animal Spirits are Rekindled

2022-11-29

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2022-11-29

Overview: Chinese officials using the carrot and the stick have succeeded in dampening the protests and easing some anxiety and rekindled the animal spirits. Hong Kong’s Hang Seng rallied 5.25% and its index of mainland shares surged 6.20%.

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Nasdaq technical analysis for 29 Nov

2022-11-29

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Today is looking good for the bulls. Watch the price levels where bulls can take partial profit, and where the bullish premise might change.

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China Shakes Markets, Euro Shakes it Off

2022-11-28

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2022-11-28

Overview: The surging Covid cases in China and the protests in several cities seemed to set the tone for today’s session. Equities are lower. China, Hong Kong, Taiwan, and South Korea were marked down the most. Of the large bourses, only India escaped unscathed. Europe’s Stoxx 600 is off more than 0.8% and US futures are poised to gap lower. Bond markets are quieter. The 10-year US Treasury yield is off a little more than one basis point to around...

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Nasdaq technical analysis: Bears taking it to 11570 ?

2022-11-28

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I like to look for a 'story' that a chart tells me (in my opinion) and also follow charts in hindsight to learn where those stories developed, where there were hints on the way, etc. For example, if there was a failed breakout up, bulls are trapped, and will be disappointed, which hints on more down. Or if a key level was almost tested but market is still indecisive or weak, that it will probably be retested again. Markets love to poke around and...

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USD Outlook: Caught between Belief that it has Peaked and Oversold Momentum Indicators

2022-11-27

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2022-11-27

We think the US dollar has put in a significant high. However, the near-term technical readings are stretched. The dollar's bounce from November 15 to November 21 met or approached minimum retracement targets, but the momentum indicators did not correct. These conflicting impulses need to be navigated in the days ahead. On balance, we look for a firmer greenback, which we see as corrective. That is the prism through which we look at the price...

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The forex week ahead. A look a the risk and bias defining levels for the week starting November

2022-11-26

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The week ahead has as catalysts the US jobs report on Friday where the NFP is expected to add a less than trend 200K jobs. Before that the Fed Chair Powell will be speaking at the Brookings Institute on Wednesday. Two key events that are a prelude to the Fed decision later in the month. In the video, Greg Michalowski of Forexlive, also looks at the technicals that are driving the bias and risk levels for the major US currency pairs vs the US...

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US Jobs and Eurozone CPI Highlight the Week Ahead

2022-11-26

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2022-11-26

Two high-frequency economic reports stand out in the week ahead:  The US November employment report and the preliminary eurozone CPI. The Federal Reserve has deftly distanced itself from any one employment report. As a result, it would take a significant miss of the median forecast (Bloomberg survey) to alter market expectations for a 50 bp hike when the FOMC meeting concludes on December 14.Economists are looking for around a 200k increase in US...

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The USD is making new highs in early NY trading. What are the charts telling us?

2022-11-25

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A look at the EURUSD, USDJPY, GBPUSD and the USDCHF to start the trading day. The USD is moving higher in early NY trading helped by rising yields. The EURUSD, GBPUSD, USDJPY and USDCHF are trading to new extremes as a result. What next?  What key levels are in play and why?  Learn by watching the morning forex report.

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ES technical analysis as it gets close to 4050 area.

2022-11-24

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The following shows a speculative and unconfirmed channel, since confirmed onces must have at least 2 touch points on each lower and top band of the channel. However, this is one method of ANTICIPATING the next junction to watch, assuming other traders and algos will be looking at that possible touch point and channel and it is created, if it will be created. Till now and since our last call, via the comments are on ForexLive.com (do follow the...

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November 23, 2022: The morning forex technical report with Greg Michalowski of Forexlive

2022-11-23

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The forex technical report for November 23, 2022. In the report, Greg Michalowski of Forexlive.com outlines the key technical levels in play and outlines the bias for traders today.

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Calm Markets with Japan on Holiday Today and the US Tomorrow

2022-11-23

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2022-11-23

Overview: The capital markets are quiet today with Japan on holiday and the US on holiday tomorrow. Asia Pacific equities were mostly firmer after yesterday’s rally on Wall Street. Europe’s Stoxx 600 is about 0.25% higher and at its best level in three months. US futures are steady to slightly higher. Benchmark 10-year yields are little changed. The dollar is narrowly mixed against the major currencies, with Scandis leading the way. Sweden is...

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Nasdaq technical analysis in 60 seconds. Bullish.

2022-11-23

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Nasdaq is looking bullish as buying volume dominates the double bottom pattern and the daily candles are above the 20 EMA (exponential moving average).

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The Morning Forex Technical report for November 22, 2022

2022-11-22

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The EURUSD, USDJPY, GBPUSD and USDCHF are covered in the morning forex technical report by Greg Michalowski at Forexlive.com. The morning forex technical report for November 22, 2022 takes a look at the EURUSD, USDJPY, GBPUSD and USDCHF to get the trading day started.   What levels are in play? What are the bias' and why?  Find out by watching and learning.

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Consolidative Session, even if Not Turn Around Tuesday

2022-11-22

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2022-11-22

Overview: The US dollar is trading with a somewhat heavier bias after bouncing higher yesterday. All the G10 currencies are higher, led by the New Zealand dollar, where the central bank is expected to hike first thing tomorrow. Most emerging market currencies are also firmer. Those that are not, like the South Korean won and Mexican peso, are nursing minor losses. The surge in Covid cases weighed on Chinese shares that trade in Hong Kong, while the...

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The morning forex technical report for November 21, 2022

2022-11-21

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A technical review of the major currency pairs as Monday trading in the US gets underway. In the morning forex technical report for November 21, 2022, Greg Michalowski of Forexlive.com outlines the key levels in play as the USD starts the week with a bid.

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Dollar Jumps, while Surge in Covid Cases Raise Questions about China’s Pivot

2022-11-21

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2022-11-21

Overview: Surging Covid cases in China and Hong Kong are undermining hopes of a Covid-pivot and the US dollar is broadly higher. Equities are under pressure to start the week. Most of the large bourses in the Asia Pacific but Japan, fell earlier today. Europe’s Stoxx 600 is paring last week’s minor gain, which was the fifth consecutive weekly rise. US stock futures are lower, while the 10-year US Treasury yield is flat near 3.83%. European yields...

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Russell 2000 technical analysis in 30 seconds.

2022-11-21

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Looks like RTY is headed towards the area close to the 1800 round number, next. Watch the double technical support as mentioned within the chart. Updates may be provided within the comment section on: https://www.forexlive.com/technical-analysis/russell-2000-technical-analysis-in-30-seconds-20221121/

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