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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The price of Bitcoin falls to 50% of 2024 this week & bounces. Price back above 100 day MA

2024-05-03

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The 100-day MA is around $60,000. That is close support today and going forward.

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EURUSD sets technical levels in the ups and downs after the US jobs report.

2024-05-03

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What are the EURUSD key barometers technically after the ups and downs.

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AUDUSD runs higher after US jobs report but stalls at a key ceiling.What next technically?

2024-05-03

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The AUDUSD backs off toward key 100-day MA level at 0.6580

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USDCAD bounces back higher after sellers had their shot and missed after the softer jobs.

2024-05-03

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The good news for USDCAD traders is the support held. Resistance is holding. The 50% midpoint sits between the extremes to act as a rudder for buyers and sellers technically in the USDCAD.

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USDCHF falls to the April low/swing area and bounces. Resistance now eyed. at 0.9070 now.

2024-05-03

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USDCHF technical levels are set after the soft US data

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Kickstart the FX trading day (post NFP) with a technical look at EURUSD, USDJPY, GBPUSD.

2024-05-03

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The US jobs report was weaker than expected and that has kicked the USD lower. What are the technicals telling us now?

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Dollar is Softer Ahead of the Employment Report

2024-05-03

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2024-05-03

Overview: The greenback is trading with a softer bias ahead of the US jobs report. Solid, even if not spectacular job growth, is expected. However, recent survey data warns of the downside risks. Moreover, counter-intuitively, the dollar has not often rallied this year into the employment data, but frequently has in response. The dollar is softer against the G10 currencies. The Norwegian krone is the strongest, up about 0.6% after the central bank...

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Gold Technical Analysis – Waiting for the US data to give us a direction

2024-05-03

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#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. 0:28 Technical Analysis with Optimal Entries. 1:37 Upcoming Economic Data....

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AUDUSD traders looking for the next shove. The buyers have the tilt after sellers had shot

2024-05-02

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The sellers had their shot and missed. The price is back above MA levels.

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USDCHF breaks lower today and down to a swing area low. Finds buyers.

2024-05-02

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The pair broke low and back below a key old ceiling area from April between 0.9147 to 0.91558.

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USDCAD stays within a cluster of technical levels and waits for the next shove.

2024-05-02

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The support comes at 1.36966. The resistance comes at 1.37281

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Kickstart the FX trading for May 2 w/a technical look at the EURUSD, USDJPY and GBPUSD

2024-05-02

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What next after the Fed decision for the USD and for the 3 major currency pairs?

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Japan Drives Home Message

2024-05-02

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2024-05-02

Overview: The US dollar is mixed, but the spotlight is on the Japanese yen. It appears that with the market challenging Monday's intervention, Japanese officials entered the market shortly after the US equity market closed yesterday, as the Asia Pacific session got underway and sold dollars again. Initial estimates suggest the intervention amount was two-thirds of Monday's. The timing caught the markets wrongfooted. Tokyo markets are closed Friday...

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The technical roadmap for the EURUSD, USDJPY and GBPUSD through the FOMC rate decision

2024-05-01

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A technical look at the key levels in play through the key FOMC rate decision.

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AUDUSD corrects higher and tests MA and retracement levels ahead of the FOMC decision.

2024-05-01

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What next for this pair as the FOMC rate decision looms?

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USDCAD modestly corrects lower after the break higher yesterday

2024-05-01

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There is some profit taking of the run higher yesterday ahead of the Fed rate decision

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The USDCHF broke yesterday to the upside. What keeps the buyers in control?

2024-05-01

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What is the next key target area for the pair? In this video, I answer the questions in this video..

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Kickstart the FX trading day for May 1 w/a technical look at the EURUSD, USDJPY and GBPUSD

2024-05-01

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What are the key technical levels that will drive the major currency pairs going into the key FOMC rate decision?

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May Day Fed Day

2024-05-01

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2024-05-01

Overview: Much of Asia and Europe are off for the May Day labor holiday. The dollar is mostly softer in the thin activity. However, the dollar has edged higher against the yen and approached JPY158. The euro initially fell to $1.0650, a six-day low and where a billion euros in options expire later today. It has recovered to almost $1.0675. Emerging market currencies are subdued. Central European currencies, the South African rand, and Mexican peso...

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BREAKOUT. A number of the major currency pairs are making a break for it. What next?

2024-04-30

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The FOMC rate decision looms at 2:00 PM ET tomorrow and the USD is making a break for it to the upside. What are the charts telling us now?

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