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.

Sellers in the AUDUSD are looking to increase the bearish bias. What does that look like?

In the video, I take a technical at the AUDUSD. The sellers are looking to increase the bearish bias with a technical break below the 38.2% of the move up from the August low at 0.67146

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USDCAD buyers making a play with a break above and away from 100 day moving average

The 100-day MA comes in at 1.36819. The September high at 1.36467. That area is now KEY support. A move back below is not good technically in the short term at least.

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Now that the USDCHF has broken higher, can the buyers keep the run going?Key targets ahead

The high from last week reached 0.86072 and is the next target. The 38.2% of the move down from the August high is at 0.86312.

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The kickstart video for Oct 9 looks at the technicals that drive the three major FX pairs

The EURUSD rotates lower and toward key technical support. The GBPUSD bounces ahead of the 50% retracement again. The USDJPY also bounced off a key corrective support target. A special look at the NZDUSD after the RBNZ 50 bp rate cut.

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CSI 300 Drops 7%, Oil Steadies, and the US Dollar Remains Firm

Overview: We suspect the market overreacted to the US jobs data, which was tainted by the lowest "establishment" response in over two decades and seasonal adjustments were likely thrown off by Hurricane Helene and the 33k strike at Boeing. We think Fed officials, and more speak today, have confirmed that it was not the game changer than many market participants think, which was likely influenced by positioning. It did help facilitate the...

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NZDUSD traders prepare for RBNZ rate decision and place the pair between 100/200 day MAs

The 100 and 200-day MAs come in between 0.6097 and 0.61218

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AUDUSD falls below swing area ow/61.8% retracement at 0.6744. That is key ST resistance.

The sellers in the AUDUSD are making a play as it looks toward the 100 day MA target on the downside at 0.6688.

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USDCAD makes a break above high from September, 100 day MA and broken 38.2% retracement

Can the price stay above 1.3646 now? Buyers on the break will want to see increased upside momentum on the break.

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USDCHF moves into “Red Box” but bounces off 100 hour MA. Buyers in control.

The 100-hour MA comes to the rescue and sellers forced its way back into the Red Box in the Asian session. Buyers still in control.

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What are the technicals in play for the 3 major currency pairs today. Watch and learn.

Kickstart the forex trading day for October 8 with a technical look at the EURUSD USDJPY and GBPUSD.

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Dollar-Bloc Currencies are Disappointed by the Lack of New Chinese Fiscal Stimulus

Overview: The US dollar is mixed but is mostly consolidating. The Australian dollar is a notable exception. The lack of new fiscal initiatives from China weighed on the Aussie, which is off for the fourth consecutive session. The other dollar-bloc currencies have also seen the recent losses extended. On the other hand, the Japanese yen and euro enjoy a firmer bias. After a dreadful drop in factory order, German industrial production surprised to...

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NZDUSD moved into a cluster of technical levels ahead of the RBNZ rate decision

What levels are key and why for the NZDUSD today/this week?

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The AUDUSD fall below MA and retracement support and runs to the downside

The AUDUSD fell below the 200 bar MA on the 4-hour chart snd the 50% of the move up from the September low at 0.67813.

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USDCAD buyers are making a play with a move above the 200 day MA. Key break? What next?

The USDCAD is breaking above its 200-day MA at 1.3600 area.

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This is the area to get involved in the USDCHF if you are a buyer. I will tell you why in this video

The old Red Box high is being retested. Buyers need to show support interest here

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Looking ahead in the forex with a technical look at EURUSD, USDJPY and GBPUSD for Oct 7

What are the key levels in play for the 3 major currency pairs for today/for the trading week?

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US Rates Extend Gains to Fray 4 percent

The stronger than expected US jobs report triggered a 20 bp jump in the US two-year yield and sent the greenback broadly higher. The market slashed the probability that the Fed would cut by 75 bp in Q4.

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Gold Technical Analysis – Higher real yields weigh on the market

#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. 0:27 Technical Analysis with Optimal Entries. 1:24 Upcoming Catalysts....

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Crude Oil price forecast, take partial profit at $77.25. Target $78.48

Oil had a massive rally of apx. 14% in less than 4 days and probably has some more fuel. But the question is where to join and I am giving you two potential prices to look at. Always trade at your own risk only and visit ForexLive.com for additional opinions.

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Week Ahead: US CPI, China Returns, RBNZ to Cut 50 bp (?)

There were several developments last week that shape the investment climate. First, the September US employment report was stronger than expected and this reinforces the message from Fed Chair Powell. After initiating the easing cycle with 50 bp cut, the central bank is not in a rush and two quarter-point cuts in Q4 is most likely scenario. Once again, the market has converged to the Fed rather than the other way around. Second, the new Japanese...

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