Category Archive: 4) FX Trends
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.
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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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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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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.
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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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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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China PMI is Better than Expected but the Greenback Still Rises above CNY7.23
Overview: The dollar is trading quietly against the G10
currencies as European markets remain on holiday. Narrow ranges have prevailed.
The dollar-bloc currencies are leading with minor gains, perhaps helped on the
margins by better-than-expected Chinese PMI, but the Scandis, which also
typically do well amid a better global growth profile are the laggards. This
may speak to the light liquidity conditions. Japan may have missed a tactical...
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