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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USDCAD sellers are making a play Break below 100 hour MA.

2023-11-13

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Work to do on the downside for the sellers including getting below the 200 hour and 50% retracement

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USDCHF bounces off 100 hour MA for the 3rd day in a row. Buyers hold that line.

2023-11-13

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The USDCHF's 100 hour MA proves to be a consistent support on dips.

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Kickstart your FX trading with a technical look at the EURUSD, USDJPY and GBPUSD

2023-11-13

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In this morning video on November 13, 2023, I kickstart the Forex trading day with a technical look at the EURUSD, USDJPY and GBPUSD. What are the biases, the risks, the targets for those three major currency pairs?

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US Treasury Yields Come Back Softer After Moody’s Cut Outlook, and the Dollar Rises to New Highs Against the Yen

2023-11-13

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2023-11-13

Overview: The dollar is beginning the new week narrowly mixed against the G10 currencies. Sterling seems largely unaffected by the cabinet reshuffle that has seen former Prime Minister Camron return as the foreign minister, replacing Cleverly who replaces Home Secretary Braverman. The dollar rose to new highs for the year against the Japanese yen (~JPY151.85). The market has shown little reaction to the pre-weekend news that Moody's cut the outlook...

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S&P 500 Technical Analysis

2023-11-13

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Here's a quick technical analysis on the S&P 500 with some fundamental background. For more visit ForexLive.com

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Week Ahead: Will Softer US Price Pressures and Weakness in Retail Sales Weigh on the US Dollar and Rates?

2023-11-11

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2023-11-11

The recent dollar gyrations seem tightly linked to US rates. The FOMC meeting and October jobs report saw the two-year Treasury yield drop 17 bp and the dollar was taken broadly lower. Indeed, against several currency pairs, it approached three standard deviations below its 20-day moving average. What seemed like a mild adjustment to the over-extended technical development turned into a rout after a weak reception to the US 30-year bond auction to...

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USDJPY closing up for the 5th consecutive day. Pushes toward 2022 multi-decade high.

2023-11-10

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The USDJPY has been up for 5 consecutive days this week. The push higher has taken the price closer to the high from 2023 at 151.71. Above that is the 2022 high at 151.93 which represents a multi-decade high for the pair.

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EURUSD reaches 38.2% retracement but fails this week, sellers take control with more work.

2023-11-10

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EURUSD fails to break above the 38.2% retracement, giving sellers the upper hand. Buyers find support at the 200-hour moving average but face resistance at the 100-hour moving average. Traders watch these levels for a potential breakout.

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USDCHF price action volatile but finds support at key technical levels today. What next?

2023-11-10

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The USDCHF has experienced ups and downs in its price action, but has found support at important technical levels like the 200-day moving average and the 50% midpoint. Staying above these levels would be bullish, while moving below them would be bearish.

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AUDUSD dips for 5th consecutive day, Testing key support levels

2023-11-10

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The AUDUSD has fallen for the 5th day in a row, breaking below key support levels. Traders await further downside towards swing lows from October for potential targets.

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USDCAD surges to new highs for the day. Topside targets eyed.

2023-11-10

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The USDCAD is extending higher, reaching new highs for the week. It is trading above a swing level at 1.3813, with the next upside target at 1.3840 - 1.38512. The daily chart shows additional resistance at 1.3860, corresponding to swing highs from October 2022. This surge marks a significant move for the USDCAD.

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Unveiling the Currency Market technically: A look at the EURUSD, USDJPY, and GBPUSD

2023-11-10

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Discover the latest insights and trends in the EURUSD, USDJPY, and GBPUSD currency pairs. Get a technical analysis of the key biases, risks, and targets, along with the longer-term daily chart outlook. Stay updated on the current market movements and potential directional breaks.

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Who Changed: Powell or the Market?

2023-11-10

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2023-11-10

Overview:  A poor reception to the 30-year Treasury sale and Federal Reserve Powell pledged to raise rates again, if necessary, not exactly a new ground, but it spooked the doves--driving rates sharply higher and fueling a strong dollar recovery. There was a large five basis point tail on the bond sale. The eight-day rally in the S&P 500 and nine-day advance in the NASDAQ was snapped like dry kindling. The S&P 500 comes into today down on...

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USDJPY Technical Analysis

2023-11-10

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Here's a quick technical analysis on the USDJPY pair with some fundamental background. For more visit ForexLive.com

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USDCHF breaks key resistance levels, maintains bullish bias

2023-11-09

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The USDCHF has climbed above its 200-hour moving average and broken the 38.2% retracement level, indicating a stronger upside bias. The price remains above the 100-hour and 200-day moving averages, further supporting the bullish sentiment. Traders await a sustained move above these levels to confirm the upward momentum.

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Jerome Powell speech interrupted by climate protestors

2023-11-09

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Jerome Powell IMF speech interrupted by climate protestors. The video feed cuts away but the audio stays live as he tells them to "close the f**king door".

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AUDUSD: Potential upside momentum as price threatens to snap 3-day decline

2023-11-09

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The AUDUSD has moved lower recently but is now showing potential for upside momentum as the price threatens to end its 3-day decline. Buyers have come in near support levels, and if they can hold above the rising 200-hour moving average, there is the possibility of a move towards the 100-hour moving average and a swing area. Stay updated on the AUDUSD's price action.

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USDCAD struggles to maintain bullish technical momentum. A deep dive into the USDCAD pair.

2023-11-09

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The USDCAD faces resistance as buyers fail to push the price above key levels and falling oil prices weigh on the upside. With the price below the 200-hour moving average, sellers are gaining confidence for a potential downside move.

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NZDUSD Holds Support, Buyers Attempt to Take Control Above Moving Averages

2023-11-09

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The NZDUSD has moved lower but found support near the swing area and is now attempting to stay above key moving averages. Buyers are showing willingness to keep control and push the price higher, but need to stay above specific levels to gain more control.

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Kickstart your FX trading with a technical look at the EURUSD, USDJPY and GBPUSD.

2023-11-09

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Get the latest insights on the EURUSD and USDJPY currency pairs in today's Forex trading update. Discover swing levels for EURUSD and key support for USDJPY, and see how market traders are battling with their biases. Stay informed and make informed trading decisions.

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