Category Archive: 4) FX Trends
USDCHF is moving higher on the day, but runs into the 200 hour MA resistance target
Getting above the 200-hour MA is needed to increase the bullish bias. The 100-hour MA did find support near the MA today.
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Kickstart the FX trading day for August 8 w/a technical look at the EURUSD, USDJPY, GBPUSD
The initial jobless claims came in lower than expectations helping to push the USD higher.
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Consolidation Featured
Overview: Yesterday's poor 10-year note US Treasury auction helped turn the equity market lower and this carried over into Asia Pacific and European activity today. Today, Treasury completes its quarterly refunding with the sale of $25 bln 30-year bonds. The general tone in the foreign exchange market is one of consolidation. Japanese investors were buyers of foreign stocks on bonds last week, according to the latest portfolio flow report, which...
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USDJPY Technical Analysis – All eyes on the US jobless claims today
#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.
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Topics covered in the video:
0:00 Fundamental Outlook.
0:57 Technical Analysis with Optimal Entries.
2:34 Upcoming Economic Data....
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Why does the 100/200 bar movings averages work? it is all about risk
It doesn't matter what chart time period, traders watch and use the 100/200 bar MA to define and limit risk.
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NZDUSD moves higher and moves closet to resistance targets. Could see some profit taking.
The 200 bar MA on the 4-hour, 100-day MA and 61.8% retracement loom above near 0.6317 and 0.6037
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USDCAD moves back into the guts of the “Red Box”. What does that mean for you?
The consolidation area that can find the pair from April to July was reentered late yesterday with more momentum lower in trading today. However, support is being tested against a retracement and moving average level.
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The USDCHF sees buying as “flight to safety” is unwound. What keeps the buyers in control?
The price moved above a swing area between 0.8549 and 0.8579 and then the 38.2% retracement of the move down from last week's high at 0.8601.
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Kickstart the FX trading day for Aug 7 w/a technical look at the EURUSD, USDJPY & GBPUSD
The EURUSD is up and down, the USDJPY is higher . The GBPUSD is higher as well. What has the price action done to the bias in each pair?
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BOJ Offers Verbal Support, Extends the Yen’s Pullback
Overview: The calls earlier this week for an emergency rate cut seemed to be a call for the Fed put, which, we argue is misunderstood. It is not about the stock market per se but financial stability, which did not seem threatened in the US. Japan is a different story, and the Bank of Japan offered a verbal put today, with an indication that it wants to maintain low (accommodative) rates. The markets reacted accordingly. The yen was sold (and...
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Gold Technical Analysis – The global market rout sends gold lower
#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.
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Topics covered in the video:
0:00 Fundamental Outlook.
0:43 Technical Analysis with Optimal Entries.
2:06 Upcoming Economic Data....
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The JPY has moved higher vs the major currencies as “carry trade” is liquidated.What next?
The run lower in a number of the JPY pairs has run into support and bounced. Is it the first leg of a carry trade liquidation?
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USDCAD back down and testing a key area. What is it and what is the roadmap going forward?
The USD is testing a key swing area as it threatens to head back into a consolidation area.
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NZDUSD made a new low for the year yesterday, but just barely. Buyers remain in play.
The NZDUSD made a low but only by 3 pips yesterday. The subsequent bounce, has taken the price to the 100 bar MA on the 4-hour chart. Seller leaned there too. So buyers/sellers are battling.
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AUDUSD buyers had their shot above the 200 hour MA. They missed. Will sellers lean now?
The RBA kept rates unchanged but with a hawkish bias. Risk-off sentiment and technical resistance is fighting that view.
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What would give buyers more hope in the broader US stock indices today and going forward?
Or conversely, what would give the sellers more hope in the broader US stock indices today and going forward?
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Kickstart the FX trading day for Aug 6 w/a technical look at the EURUSD, USDJPY & GBPUSD
What are the key levels and why in the 3 major currency pairs and the roadmap going forward.
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