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.

USDJPY remains above 100/200 hour MA & below a solid ceiling as buyers and sellers battle

The ceiling at 30+ highs comes between 151.91 to 151.97. Support at the 100/200 hour MA at 151.51 to 151.447. Traders looking for a break and a run outside one of the extremes.

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EURUSD rallies toward key moving average amid weak ISM data

EURUSD tests 38.2% retracement level after ISM nonmanufacturing data; 200-day MA looms ahead

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AUDUSD moves higher after softer ISM data, and towards a key cluster of moving averages.

What next for the AUDUSD after the run higher.

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USDCAD muddles along today but remains above key moving average support.Can that continue?

The USDCAD 100 bar moving average on the four hour chart comes in at 1.35468. That is close support for traders today.

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USDCHF moves to new highs for the year and pushes away from 38.2% retracement

The 38.2% retracement of the USDCHFs move down from the 2022 high comes in at 0.90252. Staying above that is more bullish in the short and long term now.

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Kickstart your FX trading for April 3 w/ a technical look at the EURUSD, USDJPY and GBPUSD

The USDJPY is pushing against the highs from 2022, 2023 and 2024 to start the US trading day.

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Rate Adjustment Underpins Greenback

Overview: The adjustment to US interest rates continues and this helps underpin the US dollar. The 10-year yield rose to 4.40% yesterday, the highest it has been since last November. It is trading 4.34%-4.38% today. The two-year yield is firm though holding below the Q1 high set last month near 4.75%. This week, for the first time since last October, the Fed funds futures do not have at least a quarter point cut discounted for July. As recently as...

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EURUSD Technical Analysis – The bearish bias remains intact

#eurusd #forex #technicalanalysis In this video you will learn about the latest fundamental developments for the EURUSD 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. 1:27 Technical Analysis with Optimal Entries. 3:01 Upcoming Economic Data....

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NZDUSD support and resistance has been set against technical levels.What are they and why?

The NZDUSD found support defined by a technical target and has retraced to a technical level. Want to know what they are and why?

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AUDUSD rebounds higher today after fall yesterday, but stalls at target resistance level.

The AUDUSD fell yesterday but is taking back the declines today. However, resistance at 0.6523 stalls the rally

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S&P index gaps lower today and below a trend line and moving average.Sellers make a play.

The sellers have moved the S&P below a upward sloping trend line and the 100 hour MA at 5198.39. Stay below is a tilt to the downside technically.

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USDCAD moves up and down with a modest bullish bias technically

The USDCAD traders are trying to find some consistent trend

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The USDCHF is rotating lower as the USD falls with stocks in early US trading

The US stocks are opening sharply lower, and that is pressuring the USD in early US trading on April 2, 2024. WHat next?

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Kickstart your FX trading with a technical look at the EURUSD, USDJPY and GBPUSD

The Kickstart video for the 3 major currency pairs for April 2, 2024

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Gold, Oil, and Interest Rates Rise

Overview:  The market put more weight on the rise in the US ISM manufacturing survey than the downward revision to the manufacturing PMI and the unexpected back-to-back decline in construction spending. US rates shot up and lifted the greenback. The Dollar Index made a new high for the year, a little above 105, which had been anticipated by the new lows recorded by the Bannockburn World Currency Index (a GDP-weighted basket of the currencies of...

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USDJPY Technical Analysis – Awaiting the breakout

#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. 1:47 Technical Analysis with Optimal Entries. 3:22 Upcoming Economic Data....

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NZDUSD hits fresh yearly low; sellers retain control



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The USDCAD moves higher & away from moving avg. support. Can the buyers keep up the momentum

The USDCAD runs away from 100/200 bar MA on the 4-hour chart

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AUDUSD moves lower on USD buying and falls back below a retracement level

The 61.8% retracement of the move up from the October 2022 low comes in at 0.64995. Staying below is more bearish

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USDCHF buyers are back in the drivers seat. Price moves back above the 38.2% retracement.

The 38.2% of the move down from the 2022 high comes in at 0.90252. Stay above keeps the buyers in play/short term control.

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