Category Archive: 4) FX Trends
USDJPY Technical Analysis
Here's a quick technical analysis on the USDJPY pair with some fundamental background.
For more visit ForexLive.com
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EURUSD extends the trading range. Can the momentum continue?
Traders are eying 100-hour MA downside for EURUSD. Room to roam if sustained. Next target at 1.09119, then 100-hour MA at 1.08916.
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AUDUSD tests key 200 day MA and finds some stall
The 50% retracement level is also in play. The dual technical levels are attracting profit-taking/risk defining sellers.
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Yen and Yuan Extend Surge
Overview: The dollar remains offered and our ideas
about it stalling as central banks push against the timing and extent of the
easing the market is anticipating are being challenged. The Governor of the
Reserve Bank of Australia and the Bank of England both warned higher rates may
still be needed. Still, the momentum may be slowing. Meanwhile, the short squeeze continues to lift the Japanese
yen, which is trading at its best level in two months....
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EURUSD Technical Analysis
Here's a quick technical analysis on the EURUSD pair with some fundamental background.
For more visit ForexLive.com
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A technical look at the major currency pairs as markets head toward the new trading day
Understand what level are important and why going into the new trading day on November 21, 2023
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EURUSD and GBPUSD move to new highs as London/European traders head for the exits
Both the EURUSD and GBPUSD are making technical breaks to new highs as European traders exit for the day.
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GBPJPY falls to swing area and 50% retracement of recent move higher. Buyers enter.
GBPJPY falls to swing area and 50% retracement before bouncing back, indicating potential for further upside movement.
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USDCAD moves higher and into neutral area between 100 and 200 hour MAs
The USDCAD has moved higher in early NA trading and in the process moved above its 100 hour MA. Above the 200-hour MA looms as resistance. So the price bias is more neutral with the buyers making the most recent play.
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Dollar Retreat Extended, but Turn Around Tuesday may have Already Begun
Overview: Last week's dollar losses have been
extended today. The yen is leading the move, encouraged by talk of a buying by
a large US real money fund. The Dollar Index is off about 0.35% after sliding
1.8% last week. It is below the 200-day moving average for the first time since
late August. As was the case last week, the Canadian dollar is the laggard. Emerging
market currencies are also mostly higher. The Chinese yuan's 0.67% rise is the
most...
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Gold Technical Analysis
Here's a quick technical analysis on Gold with some fundamental background.
For more visit ForexLive.com
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Week Ahead: How Hard Will Officials Push Against the Easing of Financial Conditions?
The combination of
soft US price data and mostly weaker economic data lends credence to a new
economic convergence. The economic news stream from Europe, Japan, and China is
not particular inspiring. Rather the convergence is driven by the materialism
of the long-anticipated slowdown of the world's largest economy. This new
convergence is negative for the dollar. Our conservative working hypothesis
continues to be that the US dollar's gains from...
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Yen Leads Charge Against the Dollar Amid Falling Rates
Overview: The Japanese yen is leading the
charge against the dollar today. Short covering in the Japanese bond market,
the decline in US rates, and some reports of real money saw the dollar tumble
to around JPY149.25 to approach the low for the month near JPY149.20. All the G10
currencies are firmer today, as are all but a few emerging market currencies. The
Dollar Index finished October near 106.55 and it has been finding support near
104.00 in...
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AUDUSD Technical Analysis
Here's a quick technical analysis on the AUDUSD pair with some fundamental background.
For more visit ForexLive.com
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