Category Archive: 4) FX Trends
The RBNZ rate decision sent the NZDUSD higher into swing area resistance. What next?
The correction lower in the NZDUSD has taken the price back to the 50% midpoint of the move down from the December 2023 high at 0.61096.
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Kickstart the FX trading day for May 22 w/a technical look at the EURUSD, USDJPY & GBPUSD
What are the technicals saying for the 3 major currency pairs to start the US trading session
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UK CPI Disappoints
Overview: A hawkish hold by the Reserve Bank
of New Zealand and a firmer than expected UK CPI reading have allowed the New
Zealand dollar and sterling to show resilience in the face of the US dollar's
broadly firmer tone. And even there, the Kiwi and pound have seen their early
gains pared. The Swiss franc is the weakest of the G10 currencies today and has
fallen to a new 12-month low against the euro. Emerging market currencies are
mixed. Central...
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GBPUSD Technical Analysis – Hot UK CPI boosts the GBP
#gbpusd #forex #technicalanalysis
In this video you will learn about the latest fundamental developments for the GBPUSD 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.
0:48 Technical Analysis with Optimal Entries.
2:16 Upcoming Economic Data....
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USDCHF buyers are making a play. Can they keep the upside momentum going.
The USDCHF held support at the 100 bar MA on the 4-hour chart and then moved above the 50% at 0.9105.
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Buyers had their shot in the USDCAD after CPI, but could not get above key MA resistance.
The price of the USDCAD has rotated back down after the test of the 100 and 200 bar MA on the 4-hour chart failed.
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Kickstart the FX trading day for May21 w/a technical look at the EURUSD, USDJPY and GBPUSD
The price action is limited but there are some key levels that could help your trading today.
In the kickstart video, I take a look at 3 major currency pairs from a technical perspective - the EURUSD, USDJPY and GBPUSD. What is driving the pairs technically? What would either increase the bullish or bearish bias for each for traders today (and why)?
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Consolidative Tuesday
Overview: The dollar is consolidating but with a somewhat
heavier bias today. The G10 currencies are firmer but for the New Zealand and
Canadian dollars, which are slightly softer. Most emerging market currencies
are also firmer, except for a handful of Asian currencies. The news steam is
light. Equities are trading off. The MSCI Asia Pacific Index
snapped a seven-day rally, and Hong Kong shares and the mainland shares that
trade there led the...
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USDCAD Technical Analysis – A look at the chart ahead of the Canadian CPI
#usdcad #forex #technicalanalysis
In this video you will learn about the latest fundamental developments for the USDCAD 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.
0:43 Technical Analysis with Optimal Entries.
2:11 Upcoming Economic Data....
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Jump in Japanese Bond Yields Fails to Lift the Yen
Overview: The foreign exchange market is quiet. Most
of the G10 currencies are +/- 0.1% against the dollar. The crash that took the
of Iran's president and foreign minister may have helped lift gold to new
record highs ($2450), the impact seems more muted, as poor weather rather than
foul play, seems to be main narrative. July WTI reached nearly $80, its best
level since May 1 but is hovering around unchanged levels (~$79.50). Canadian
markets are...
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USDJPY Technical Analysis – The uptrend remains intact
#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.
0:41 Technical Analysis with Optimal Entries.
1:49 Upcoming Economic Data....
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Week Ahead: After Rallying Since mid-April, are the G10 Currencies Tired?
The
monthly cycle of central bank meetings and high-frequency data slow in the
week ahead, though the UK and Canada report on prices and demand (retail sales).
The highlight of the week may be the preliminary May PMI estimates. We play
down its significance in the US because its strength seems to be an outlier and
it is in expansion territory while the ISM not. The dollar has generally been
trending lower, with the yen being the only exception...
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The USD is moving lower. How has the technicals helped in that decline?
An updated technical look at the EURUSD, USDJPY, GBPUSD, USDCHF and AUDUSD in this video review.
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