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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Why is the 11130 area in the Nasdaq index so important this week?

2022-10-03

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If you were to take a short to long term view of the Nasdaq index the move higher today based nicely against key support on the daily chart. However if you were to drill to the hourly chart, the index is finding some resistance near downward sloping trend line and ahead of the high from last week (on Wednesday) and the falling 100 hour MA.  

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FOREX QUICK: GBPUSD rotates back toward 4-hour MA support

2022-10-03

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The run to the upside in the GBPUSD is running out of steam and rotates back toward MA support. The GBPUSD ran higher in NY trading but is seeing a rotation back toward the broken 4-hour 100 bar MA level.  Can the pair stay above that and keep the buyers in more control?

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October 3, 2022: A review of the major technical levels in play for the major currency pair and why.

2022-10-03

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0.40 - EURUSD - The EURUSD has moved away from the overhead resistance near the 50% midpoint of the move down from the October higher and rotates back toward the 200 and 100 hour MA barometers on the downside. 

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Monday Blues

2022-10-03

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2022-10-03

The markets begin October with some trepidation.  Rumors continue to circulate about the health of a large European bank, cross currency swaps are elevated, suggest dollars are more difficult to access. 

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October 2022 Monthly

2022-10-02

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2022-10-02

The historic dollar rally accelerated in September. By some measures, it is as rich as it has been in the half-century since the end of Bretton Woods. Persistent price pressures, a robust labor market in many dimensions, and the Federal Reserve's latest forecasts warn that financial conditions will tighten into next year

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NVDA technical analysis

2022-10-02

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The next technical analysis video for Nvidia Corp. stock shows that bulls can plan a series of buys and set buy orders at lower prices to target a reversal. I created a new approach. The 'Fibonacci Entry' Why? As the price falls, Fibonnaci orders are placed. 1 NVDA is purchased Then 2 NVDA stocks are bought at a lower price Then 3 NVDA stocks are bought at a lower price 5, 8, 11, etc. You decide the series' length. So are entry prices (which...

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Twitter stock analysis: Using Finviz to find an interesting lead when the stock market is down

2022-10-01

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Musk began buying Twitter for $44 billion in March. Some believe Musk's contract was a mistake, and they point to the fact that he's eager to expose his dirty laundry in court as proof. Musk may be ordered to buy Twitter against his will but I leave those considerations, and focus on the relative strength of Twitter's (TWTR) stock price and technical analysis. TWTR stock has been strong while its US peers have been selling. And how Twitter...

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Week Ahead: Macro and Prices

2022-10-01

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2022-10-01

The market has much to digest. The Bank of England's new purchases of Gilts coincided with a reassessment of the trajectory of Fed policy. After the hawkish FOMC decision and forecasts, the market briefly thought the terminal rate could be 5.25-5.50% in the middle of next year. However, by the end of last week, it had returned to around 4.5% at the end of Q1 23.

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FOREX QUICK: EURUSD rebounds from new 2022 lows and tilts short term bias back to the upside

2022-10-01

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The EURUSD moved to a new low going back to 2002 this week, but rebounded into the close for the week and is closing with a short term bullish bias. Could the low be in for the pair? In this video, I outline the levels that would keep the bias more bullish, and the key targets to get to and through to increase that bias.

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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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