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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BOC rate decision and lower oil price help to push USDCAD higher. Technicals more bullish.

2024-07-23

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The price of the USDCAD is working toward the high of the "Red Box" that has confined the range since April.

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AUDUSD and NZDUSD both continue there runs to the downside

2024-07-23

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Concerns about slower China weighs on each of the currency pairs. AUDUSD approaches key 100 day MA. Be aware.

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USDCHF breaks above resistance today after the 200 day MA based the pair at the low

2024-07-23

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The price is targeting the 50% and swing level at 0.8934 and then 200 and 100 bar MAs on 4-hour chart at 0.8942 and 0.8954

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Kickstart the FX trading day for July 23 w/a technical look @ EURUSD, USDJPY and GBPUSD

2024-07-23

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What levels are key for the 3 major currency pairs? Find out, in this video.

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Short Covering Squeezes the Yen Higher

2024-07-23

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2024-07-23

The US dollar is firmer against all the G10 currencies but the Japanese yen. Local reports and the price action are consistent with short covering of the previously sold yen positions ostensibly ahead of next week's BOJ and FOMC meetings. Still, the greenback is holding above last week's low, slightly below JPY155.40.

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Gold Technical Analysis – The short-term bias turned bearish

2024-07-23

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#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. 0:45 Technical Analysis with Optimal Entries. 2:29 Upcoming Economic Data....

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USDJPY makes it to 100 hour MA target at 157.16. Time for sellers to lean.

2024-07-22

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If the sellers are to keep control, they need to stay below the 100 hour MA at 157.16

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USDCHF respecting support and resistance in trading to start the new trading week.

2024-07-22

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Traders are sparring and looking for the next technical clue with 200 day MA, 38.2% retracement and swing area between 0.8880 and 0.8898 as a key swing area.

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Kickstart the FX trading for July 22 w/a technical look at the EURUSD , USDJPY & GBPUSD

2024-07-22

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The USD is waffling up and down to start the trading week.

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Dollar Mixed as Markets Digest US Political Developments

2024-07-22

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2024-07-22

Overview: News that President Biden will not seek re-election has left investors unsure of the next step, but PredictIt.org still points to a Trump advantage of slightly better than 60-40. It is not clear yet whether Vice-President Harris will be challenged for the nomination. The dollar is mixed against the G10 currencies, with the dollar bloc and Norway weaker. The yen is up around 0.45% to lead the others higher. The Swiss franc, euro and...

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USDJPY Technical Analysis – Keep an eye on this important resistance

2024-07-22

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#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. 1:00 Technical Analysis with Optimal Entries. 2:17 Upcoming Economic Data....

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Week Ahead: US Dollar to Extend Recovery while Stocks Correct Lower

2024-07-20

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2024-07-20

The consolidative phase for the dollar, we anticipated last week, after its recent drop, is evolving into a proper upside correction. We expect the dollar to trade broadly firmer over the next week or so. It is also part of a larger picture, where US interest rates also look to have put in a near-term bottom and are set to recover. Ideas that next US administration may favor a weaker dollar has become a talking point. Yet, of all the forces that...

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AUDUSD runs into a cluster of support as the week moves toward the close.

2024-07-19

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The area between 0.6676 to 0.6689 is key support defined by a cluster of technical levels.

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USDCAD higher on the day. Retail sales weak pave the way for a BOC rate cut next week.

2024-07-19

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The price of the USDCAD steps above trend line at 1.3720 area continuing the trend to the upside over the last week or so.

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USDCHF rebounds into a key resistance area. Sellers are leaning near 0.8900.

2024-07-19

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The falling 100 hour MA is at 0.8899. The top of a swing area is at at 0.8898. That is being tested. On the downside the 200 day MA and retracement level at 0.8883 is close support.

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Kickstart the FX trading day for July 19 w/a technical look at the EURUSD, USDJPY & GBPUSD

2024-07-19

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What technical levels are driving the 3 major currency pairs to start the US trading day

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Dollar Consolidation is Morphing into Correction

2024-07-19

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2024-07-19

Jury duty assignment prevents a more comprehensive note, but here is a snapshot. Overview: The failure of computer systems has disrupted airlines, banks, media companies, and the London Stock Exchange, ostensibly stemming from an update from a third-party software update, according to Microsoft. The dollar is trading with a firmer bias. The consolidation, we anticipated, appears to be morphing into a correction. Weaker than expected retail sales...

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Gold Technical Analysis – Is this just a pullback or a fakeout?

2024-07-19

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#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. 0:42 Technical Analysis with Optimal Entries....

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The technical bias in NASDAQ is tilting more to the downside after break of 200 hour MA. What next?

2024-07-18

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What will keep the pressure on the NASDAQ index today and going forward. What are the next targets?

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USDCAD technical bias has a little tilt to the upside this week. Can the buyers push more?

2024-07-18

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The low yesterday stalled near the 100 bar MA on the 4-hour chart at 1.36604. The price is above the 200 bar MA as well at 1.3684. Staying above gives a bullish tilt to the pair.

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