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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NZDUSD continues the fall from last week’s failure at the high going back to January

2024-06-17

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The rotation lower is approaching technical support near 0.6100

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The USDCAD has moved higher in trading today increasing the buying creep in the pair

2024-06-17

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The price of the USDCAD is above the 50% of the range since April at 1.3717. The price is above point area between 1.3734 and 1.3742

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USDCHF rebounds in trading to start the trading week with lots of overhead resistance

2024-06-17

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Swing level at 0.89318 has MA cluster between 0.8939 to 0.89555.

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Kickstart the FX trading day for June 17 w/a technical look at the EURUSD, USDJPY & GBPUSD

2024-06-17

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The EURUSD is higher. The GBPUSD is lower. The USDJPY is moving higher

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Calmer Markets to Start the New Week

2024-06-17

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2024-06-17

Overview: The US dollar is firmer against most G10 currencies to start the new week. The euro is a notable exception. It is only slightly higher but confined to a narrow range around $1.07. On the other hand, most emerging market currencies are firmer, but for a few Asia-Pacific currencies, including those of China, South Korea, and Taiwan. The Mexican peso is consolidating but it is also lower on the day. The tone is largely...

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EURUSD Technical Analysis

2024-06-17

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#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. ---------------------------------------------------------------------- Topics covered in the video: 0:00 Fundamental Outlook. 1:00 Technical Analysis with Optimal Entries. 2:29 Upcoming Economic Data....

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Week Ahead: BOE and RBA to Standpat, Political Anxiety Runs High, Giving the Dollar a Lift

2024-06-15

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2024-06-15

Under other circumstances, the softer than expected US inflation readings and the subsequent sharp drop in US interest rates would have weighed on the US dollar. Instead, the greenback managed to do well, especially against the euro, sterling, and Japanese yen. The 0.6% rise in the Dollar Index was the biggest gain in two months. The Fed's hawkish hold, with the median dot shifting to one cut this year from three in March (and last December) means...

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Apple’s stock is up strongly, but what would tilt the technical bias back lower?

2024-06-14

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Apple moved sharply higher this week and in doing so broke out of a range that had confined the pair since April 2023. What now? More specifically, what level- if broken - would shift the bias technicall back to the downside. I will outline those risks in the below video

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An updated technical look at USDJPY heading into to the weekend and the new trading week

2024-06-14

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What levels are in play in the USDJPY and why as the week comes to a close and the new week looms ahead

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The buyers and sellers each had their shot at breaking this week. Both shot and missed.

2024-06-14

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What next for the AUDUSD traders as we head into the new trading week?

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The USDCHF is lower keeping the seller in control. The 200D MA is a key downside target.

2024-06-14

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The bias is lower in the USDCHF, but there is the 200 day MA at 0.88968 needed to get below to give the sellers more control technically.

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USDCAD buyers push off the 100 hour MA today and extends toward swing are resistance

2024-06-14

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The USDCAD broken above and then retested the 100 hour MA at 1.3747. That is key. Buyers in control.

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Kickstart the FX trading day for June 14 w/a technical look at the EURUSD, USDJPY &GBPUSD.

2024-06-14

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What are the key levels to eye as the trading week comes to an end in the 3 major currency pairs?

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Self-Inflicted Wounds in Europe and Japan Help the Greenback Shrug Off the Drag of Lower Rates

2024-06-14

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2024-06-14

Overview: The dollar is bid. What makes its performance standout is that it is taking place as US rates have fallen. The US 10-year yield is near 4.20%, the lowest in more than two months. The two-year yield is near 4.67%. It has fallen every session this week for a cumulative decline of more than 20 bp. It is not so much that constructive developments took week, but that Europe and Japan are suffering from self-inflicted injury. Macron's call for...

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USDJPY Technical Analysis

2024-06-14

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#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. ---------------------------------------------------------------------- Topics covered in the video: 0:00 Fundamental Outlook. 1:20 Technical Analysis with Optimal Entries. 3:09 Upcoming Economic Data....

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Why the Canadian dollar is in for a rough ride

2024-06-13

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It’s clear from Bank of Canada Governor Tiff Macklem’s latest speech that he wants to ease rates further but he’s still reluctant to signal it. That’s left us with the clunky line: “With further and more sustained evidence that underlying inflation is easing, monetary policy no longer needs to be as restrictive as it has been.” That’s an exact repeat of the line in the press conference last week where he also added that it was reasonable to...

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NZDUSD corrects lower but into MA support. Will the buyers stall the corrections fall?

2024-06-13

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The 200-hour MA at 0.6162 and the high of a swing area are stalling the fall near 0.61625

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Sellers in the GBPUSD test two moving average levels . Key for both buyer and sellers.

2024-06-13

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The 100 hour MA and the 100 bar MA on the 4-hour chart are being tested

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USDCHF trades up and down today & above and below MAs. Sellers are making the latest play

2024-06-13

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The 100 day MA at 0.89498 is now close risk for traders

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USDCAD remains in the up and down range with a bullish bias

2024-06-13

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Find out the technicals (and fundamentals) that are driving the USDCAD

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