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.

GBPUSD breaks above a key technical level near 1.2810 & extended higher. That is now risk

The break opens the door to the 50% at 1.28537 and a swing area between 1.2845 and 12867

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EURUSD extends above swing area to the next target near 1.0963

The close support is now at 1.09419 to 1.09477

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The broader US stock indices are sharply higher. What has the moves done technically?

Where are the close risks for the S&P and Nasdaq indices now?

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USDCAD is confined in an up-and-down trading range. Traders battle and await a break.

The 1.3717 is support On the topside get and stay above the 100 hour MA at 1.3735 and then the 50% of the range since July at 1.37669 is the bullish roadmap.

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USDCHF falls back below 38.2% retracement and tests the 100 hour MA

Can the sellers take more control after failing on the break of the 38.2% retracement yesterday and today?

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Kickstart the FX trading day for Aug 13 w/a technical look at the EURUSD, USDJPY & GBPUSD

The USD has moved lower after the US PPI data came in lower than expectations

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Are Risk Appetites Recovering?

Overview: The Antipodeans and sterling lead the G10 currencies today. The New Zealand dollar is the strongest, though the central bank is likely to deliver its first rate cut tomorrow. The Australian dollar rose to a three-week near $0.6610. Sterling was lifted by a stronger than expected employment report (though wage growth slowed) ahead of tomorrow's CPI. The yen and Swiss franc nursing modest losses. Emerging market currencies are mostly...

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Gold Technical Analysis – Middle East tensions in focus

#gold #xauusd #technicalanalysis In this video you will learn about the latest fundamental developments for Gold. You will also find technical analysis across different timeframes for a better overall outlook on the market. ---------------------------------------------------------------------- Topics covered in the video: 0:00 Fundamental Outlook. 1:05 Technical Analysis with Optimal Entries. 2:16 Upcoming Catalysts....

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USDJPY price moves toward converged 100/200 hour MAs

The 100 and 200-hour MA are moving toward convergence and the price is moving toward them. WIll the buyer lean against the MAs and push the pair higher in the new trading day?

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Both the EURUSD and GBPUSD bounce off hourly MA levels. Can the momentum continue?

The EURUSD and GBPUSD bounce off respective hourly MA levels

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The NZDUSD has set close support and resistance to start the new week

The 100-hour MA held support. Sellers leaned against the 100 day MA.

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AUDUSD bangs against the 100 day MA. Can the buyers break through the key technical level?

Can buyers overpower AUDUSD's 100-day moving average resistance and advance to higher levels? Watch the video for insights on price action and key levels.

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The USDCAD trades to a new high after test of Friday’s low finds buyers

The price is back above the 200 bar MA on the 4-hour chart

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USDCHF stretches higher as flight to safety continues to be unwound

The price of the USDCHF is back above the 38.2% of the move down from the July high

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Kickstart the FX trading day for Aug.12 w/a technical look at the EURUSD, USDJPY & GBPUSD

It is a quiet Monday as buyers and sellers spar in the GBPUSD. The USDJPY moves higher. US CPI and PPI later this week

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Subdued Market Compared to a Week Ago: Is the Dramatic Position Unwinding Over?

Overview: The capital markets have begun the week in subdued fashion. Japanese markets were closed for the Mountain Day celebration, and this week's key events, which include US and UK CPI, and the Reserve Bank of New Zealand meeting and potentially its first rate cut. The uncertainty about the market positioning and the extent of the carry-trade may also be dampening activity. The yen and Swiss franc are the weakest of the G10 currencies today,...

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USDJPY Technical Analysis – Waiting for a breakout of the range

#usdjpy #forex #technicalanalysis In this video you will learn about the latest fundamental developments for the USDJPY pair. You will also find technical analysis across different timeframes for a better overall outlook on the market. ---------------------------------------------------------------------- Topics covered in the video: 0:00 Fundamental Outlook. 0:44 Technical Analysis with Optimal Entries. 1:56 Upcoming Economic Data....

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Week Ahead: Price Action Might be More Important than Data, Barring US CPI Surprise

There is no need to debate whether it was tightening by the Bank of Japan or the fourth consecutive rise in the US unemployment rate that spurred the dramatic market reaction at the start of last week. It seems reasonable that both played a role. And the dramatic unwinding of short yen positions, which appeared to help fuel a recovery of the Swiss franc, Chinese yuan began before the Bank of Japan meeting and the US employment report. Moreover, on...

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USDCAD has its share of ups and downs over the last few days. Seller bang against support.

The Sellers are getting their chance against the 200 bar MA on the 4-hour chart and the 61.8%. Can they take more control?

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NZDUSD finds willing sellers against the 100 day MA this week

Watching close support at the 50% of the move down from the July high

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