Category Archive: 4) FX Trends
Nasdaq technical analysis, 12 July
Nasdaq futures continues its leg down in the range presented and we look at the key price levels to watch within the 4 hour timeframe.
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EURUSD Technical Analysis and Trade Idea Close to Parity
When two currencies approach currency parity, a single unit of one may be exchanged for a single unit of the other. €1 buys $1. As the market is setting itself up for EURO and USD parity, we look at price levels to scale in for a possible Long and fade the recent move down, anticipating a rebound, even a partial one, that can offer an attractive reward vs risk ratio.
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Monday Blues
Overview:Â The US dollar is bid against most currencies today, encouraged not just by good news in the US and poor news out of China, where Covid is flaring up and new social restrictions are fared, while Macau has been lockdown for a week.
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Bitcoin Technical Analysis, 11 July
We follow up on our previous BTCUSD technical analysis and trade idea to short the crypto king: https://www.forexlive.com/Cryptocurrency/bitcoin-trade-idea-20220710/
And demonstrate what a profitable trader do now. Does she or he lower their stop loss? Take profit? Take partial profit? See how one needs to connect that decision not just to the Profit and Loss but also to the chart and the potential junction ahead.
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Pendulum of Sentiment Swings Back against Imminent Recession Fears Despite Curve Inversion
High political drama in recent days included the assassination of former Japanese Prime Minister Abe and the resignation of UK Prime Minister Johnson. Yet, the capital markets in general, and the currency market in particular, were not roiled.
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Bitcoin Short Trade Idea
Bitcoin Short Trade Idea for 10 July, 2022.
https://www.forexlive.com/Cryptocurrency/bitcoin-trade-idea-20220710/
Always trade crypto at your own risk only. Stay tuned for more trade ideas and technical analysis from ForexLive.com and check out
Technical Anlysis for a variety of assets, indices, Forex, and crypto
https://www.forexlive.com/technical-analysis
Crypto News
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FX Daily, July 8: Abe’s Assassination Shocks the World
News that former Prime Minister Abe was assassinated while campaigning in Japan ahead of the weekend election shocked the nation and world. The immediate market impact looks minimal. Asia Pacific equities mostly advanced.
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Bitcoin Technical Analysis, 8th July
Bulls are happy with the Bitcoin rally on July 7th, as the stock market rallied as well. However, this is a place at the top of a possible range to consider taking partial profits, and late newcomers to the bull case should think carefully if they want to start a new long position at such a stage.
See more on https://www.forexlive.com/Cryptocurrency/bitcoin-technical-analysis-6-july-bearish-20220706/
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Russell 2000 Futures (RTY) Technical Anlaysis. Position is Profitable, What’s Next?
The previously suggested Long
https://www.forexlive.com/technical-analysis/russell-futures-anlaysis-05-july-20220705/
is a profitable postion coming to its take profit target. Russell Futures is apx 2.3% up today. What do we do from here?
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Johnson Resigns, but Still not Clear if He Controls the Timing
Overview: The resignation of a UK prime minister makes for high political drama, but the markets hardly moved on it. Sterling, like most of the major currencies, are recovering against the dollar today.
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S&P 500 E-mini Futures (ES) Analysis, 7 July. Targeting a Better Entry.
S&P Futures continues to look okay for the bulls but in this jittery market where close stops can easily be hit, and mediocre entry prices are exposed to choppy price action, we focus today on targeting a more attractive entry to our Long. See the 3 direction of the 3 trade ideas in the video and understand the technical logic behind the location of the stop loss, the take profit target and the reward vs risk.
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The Dollar Remains Bid, while Sterling Shrugs Off Johnson’s Political Woes
Overview:Â The dollar jumped yesterday making new highs against most of the major currencies, including the euro, sterling, the dollar-bloc and the Scandis. The yen and Swiss franc held in better, but the greenback still closed firmly against the yen despite a six-basis point decline in the 10-year yield.
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Bitcoin Technical Analysis, 6 July, BTCUSD at $20k. Bearish.
Volume of buyers is weak and Bitcoin is hovering around the $20k mark. Weakening momentum and lower price levels of the colume profile hint of a bearish tone, in our view. For those looking for further confirmations, to buy or sell, we offer price levels of doing that for the close of the 4 hour candles.
See the technical analysis here: https://www.forexlive.com/Cryptocurrency/bitcoin-technical-analysis-6-july-bearish-20220706/
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S&P Futures Analysis, 6th July
Following our tecnical analysis yesterday, ES, despite selling hard on the first half of yesterday, is continuing to show reslience and we maintain our bullish bias. Today's analysis of the S&P Futures shows that it is still creating higher lows and reclaiming higher price levels on the volume profile of the range. We offer some trade ideas for those who want to get a convenient entry and get into the action as a bull that aims to participate...
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Russell Futures Analysis, 05 July. Bullish.
The Russell sold off in the first half of the day, all the way to the Value Area Low of the presented volume profile, and then staged a V shaped recovery (4 hour candles), reclaiming the shown channel. Some trade ideas are suggested. See the full technical analysis including a view of the Russell Futures since 2017 at https://www.forexlive.com/technical-analysis/russell-futures-anlaysis-05-july/
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A playbook for the market volatility
The euro fell to the lowest since 2003 while the pound and loonie fell to the lows of the year. What kicked off the worries and what's coming next. Adam Button from ForexLive spoke with BNNBloomberg about trigger for today's round of market volatility and what's coming next. A recession may come but don't think of it like the pandemic recession or the global financial crisis. This is a different set setup with a different playbook.
LET'S CONNECT!...
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DAX Technical Analysis and a contrarian trade idea as it breaks the historic 2021 and 2022 lows!
DAX is a German stock market index that includes 40 of Germany's largest blue chip businesses listed on the Frankfurt Stock Exchange. This is a contrarian trade idea as the COVID crash low is broken! Entry price for this DAX Long, if all 3 orders get filled, is: 12355
See more at: https://www.forexlive.com/technical-analysis/buy-dax-after-it-just-broke-the-historic-covid-low-20220705/
Correction to the chart in the video: The price levels are not...
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Dow Jones Today, 20 minutes before the market open! July 2022
For today (05 July, 2022), this technical analysis applies ONLY IF AND WHEN Dow Jones crosses up 30650 after the market open. It can also apply for swing traders that would like to consider a Long, but only if and after Dow Jones futures (YM) closes a 4 hour candle above 30650
Credit Suisse slashed its end of year target for the S&P, which expedited selling today
We wait for Dow Jones to cross up 30650, and it it will do so, we then offer to...
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The Dollar Jumps and the Euro Slips under $1.03
Overview: The dollar is soaring today, and the euro is trading at new 22-year lows having traded below $1.03. Even a 50 bp hike by the Reserve Bank of Australia has failed to prevent a sharp drop in the Australian dollar.
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Nasdaq Technical Analysis, 05 July
Nasdaq futures rose apx. half a percent and is now stalling close to the VAH and PoC of the range. Watch the daily technical analysis video for a trade ideas. See more on https://www.forexlive.com/technical-analysis/nasdaq-index-technical-analysis-for-mid-to-end-of-june-2022-20220617/
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