Category Archive: 4) FX Trends
Forex Technical Analysis: A technical look at some major currencies (gold/oil too)
November 17, 2014 week: In this technical analysis video, Greg Michalowski, Director of Technical Analysis and Trader Education, previews some of the major currencies pairs including the EURUSD, USDJPY, GBPUSD, AUDUSD, NZDUSD and also Crude Oil and Gold. Visit ForexLive for real-time news, analysis and technical analysis of the forex market. http://www.forexlive.com/ SUBSCRIBE FOR FOREX VIDEOS …
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Forex Technical Analysis: 5 Currencies in 6 minutes (VIDEO)
November 12, 2014 In the report today,I will take a technical look at the 5 of the major currency pairs, including: NZDUSD: The RBNZ Financial Stability Report says the currency is overvalued but the price remains supported EURUSD. The price moved higher today but has wandered back below a cluster of resistance as the new …
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Forex Technical Trading (VIDEO): ECB Dovish. US Employment Solid. EURUSD lowerxLive Video
This week the ECB was more dovish, and the US employment report was solid and consistent with the trend. Those fundamentals should be supportive to the USD and send the EURUSD lower. Technically, the price moved down in the week but ended the week with a late day squeeze toward technical analysis resistance near the …
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Forex Technical Trading (Video): 3 Currencies in 6 minutes
The currency market is more quiet in trading today, but there is action ahead with the ECB decision and the Employment report on Friday, What are the trading bias and the technical levels that are of focus. Visit ForexLive for real-time news, analysis and technical analysis of the forex market. http://www.forexlive.com/ SUBSCRIBE FOR FOREX VIDEOS …
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Forex Trading Education: Anticipating the forex story from the price action
The EURUSD did not do what I thought the “fundamental story” was telling us today. FOMC was more hawkish yesterday. US GDP was higher. German CPI was lower. The textbook tells us that the EURUSD should have gone lower given that fundamental story. It did not. Why? There are many reasons from profit taking, to …
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Forex Technical Analysis (VIDEO):FOMC more hawkish. RBNZ more dovish.
The FOMC and the RBNZ met today and both kept rates unchanged. However, the change in the bias for each were different. The FOMC was more hawkish (or less dovish), while The RBNZ was more dovish. As a result, the US dollar has moved higher against all the major currencies while against the NZD, the …
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GBPUSD technical levels in play pre-FOMC
This is an edited section on the GBPUSD from the technical report done at the end of trading on October 28th. The technical levels outlined in the initial video, remain in play for the pair. The market will likely wait for the FOMC decision to move the price outside the defined boundaries.. The Forex Market … Continue reading...
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Forex Technical Trading (VIDEO): A look at 5 currencies in 6 minutes (October 28, 2014)
In today’s video report, Greg Michalowski, Director of Technical Analysis and Trading Education at www.forexlive.com, takes a look at the EURUSD, GBPUSD, USDJPY, AUDUSD and NZDUSD as the FOMC is awaited and the RBNZ is also awaited. The Forex Market is volatile. Technical Analysis helps to define and limit risk for traders. Visit ForexLive for …
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Forex technical trading (VIDEO): Keeping the EURUSD buyers in control (October 28th, 2014)
The EURUSD has been able to move higher in trading on Monday after finding support above a low from November 2012, the 100 hour MA and the 38.2% of the move down from last week. Traders will be eyeing these levels in the new trading day, to see if what was broken can remain broken …
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Forex Currency Trading: A technical look at 5 Currencies in 6 Minutes (October 22, 2014)
Forex Currency Trading: A technical look at 5 Currencies in 6 Minutes (October 22, 2014): As London traders exit for the day, the technical picture for 5 currencies are examined from a technical analysis perspective. The major currency pairs are some of the most active or with key technical levels in play. Including in the …
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Forex Technical Analysis. A preview of the key levels for the USDCAD
October 22, 2014: The Bank of Canada will announce their interest rate decision at 10 AM ET. Although, the overwhelming expectation is for no change, Adam Button, provided the fundamental backdrop of the nuances that might send the pair away from the current level. You can read his report HERE. This video will take a …
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Forex Technical Analysis: AUDUSD looking to break on China data
Forex Technical Analysis: AUDUSD looking to break on China data (October 21, 2014) The AUDUSD is setting up for a move off of the China economic data to be released at 10 PM ET/2 AM GMT. At that time, Industrial Production, Retail Sales for September will be announced. However, the most important release will be …
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FOREX: Technical Analysis for GBPUSD. Setting up for the news this week: October 20, 2014
FOREX: Technical Analysis for GBPUSD. Setting up for the news this week The GBPUSD has some key events this week. The technical analysis and trade bias will be determined from the price action through these events. On Wednesday, the Monetary Policy Committee will release the meeting minutes from their last interest rate decision. On Thursday, …
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FOREX: Technical Analysis for USDJPY. Looking more bullish into new week (October 20, 2014)
FOREX: Technical Analysis for USDJPY. Looking more bullish into the new week (October 20, 2014) The USDJPY closed the trading week above the 100 hour MA technical chart resistance level. This was the latest step higher in the pair after bottoming on Wednesday. The move above the 100 hour MA turns the bias more positive …
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FOREX: Technical Analysis for EURUSD. Monday will tell the story (October 20, 2014)
The EURUSD ended Friday finding technical support on the chart against the 50% of the move higher and just above the 100 hour MA. It also found resistance sellers against the broken 38.2% Fibonacci Retracement level. On Monday, the bullish or bearish story should start to be told. In the video report, Greg Michalowski, Director …
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How to trade in markets that are not normal
October 16 2014: The forex market can trade abnormally. That may be caused by event risk, liquidity risk and market risk being at peak levels. When this occurs, traders have a choice on how to approach their trading. They should trade the markets differently. Greg Michalowski, Director of Technical Analysis and Client education for www.forexlive.com …
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October 15 2014: A technical look at 5 forex pairs in 6 minutes
October 15, 2014: A technical look at 5 forex currency pairs in 6 minutes. Greg Michalowski, Director of Technical Analysis and Client Education for www.forexlive.com will take a look at the charts for the EURUSD, GBPUSD, USDCAD, EURJPY, and Gold in his video Technical Analysis video. The Forex Market is volatile. Technical Analysis helps to …
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EURJPY Technical Analysis: Staying below 100 bar MAs keeps bears in control
Technical Analysis (October 9, 2014). The bears are in control from the technical charts for the EURJPY. Greg Michalowski, Director of Technical Analysis and Trading Education at www.forexlive.com and author of Attacking Currency Trends (www.attackingcurrencytrends.com), outlines the technical case from the daily and hourly charts why the bias is bearish for the EURJPY. The Forex …
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GBPUSD Technical Analysis: Making the case for a rally
Technical Analysis (October 9, 2014): The FOMC Meeting Minutes show that the Fed also wants a weak currency. As a result, the dollar sold off against all the major currencies. The GBPUSD, of all the currencies, may be one that could see a rally. Why? They have some members who want to raise rates now. … Continue...
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