Category Archive: 4) FX Trends
NZDUSD: What technical levels are in play for the week starting October 2, 2023.
In this video, I take a look at the NZDUSD and outlines the key technical levels in play heading into the new trading week starting October 2, 2023.
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USDJPY: What technical levels are in play for the week starting October 2, 2023.
The USDJPY fell sharply earlier in the day and stalled at a cluster of support defined by the 200 hour MA and 50% retracement. What next? Find out in this video analysis.
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.EURUSD: What technical levels are in play for the week starting October 2, 2023.
The EURUSD is closing the trading week below the 200 hour MA and a cluster of resistance near 1.0610, but above the 100 hour MA at 1.05614. Those levels will be the barometers for buyers and sellers in the new trading week.
Watch the video to prepare for the new trading week starting October 2, 2023.
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USDCAD snaps back higher and in the process is retesting 100/200 bar MA on 4-hour chart
The USDCADs 100/200 bar MAs on the 4-hour chart stalled the rally earlier this week. They are now being tested on a sharp run higher in the pair today.
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GBPUSD moves back down to test the 100 hour MA. Will buyers come in?
The GBPUSD buyers took the price above the 200 hour MA today for the 1st time since September 1, but failed. The rotation lower, sent the pair to retest its 100 hour moving average. That MA stalled the fall. What now?
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AUDUSD technical bias shifts to the upside today, but work to do to get outside “Red Box”
This week the sellers had their shot, but failed. Buyers took back control. In this video, I take a look at what needs to be done to take back more control for the buyers and break out to the upside.
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Kickstart your FX trading on September 29 w/ a technical look at EURUSD, USDJPY and GBPUSD
What technicals are driving the markets in the EURUSD, USDJPY and GBPUSD to start your Tuesday September 29 trading.
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Dollar Sets Back into Month- and Quarter-End Ahead of likely US Government Shutdown
Overview: The dollar's surge stalled yesterday, and
follow-through selling has pressed it lower against all the G10 currencies
today. The dollar-bloc and Scandis are leading the move. Month-end, quarter-end
pressures, coupled with a likely partial shutdown of the government beginning
Monday, and after key chart levels were approached or violated earlier this week,
serving as a bit a cathartic event. The Swiss franc snapped a 12-day losing
streak...
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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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Want to learn a little about “leaning” in your trading? In this video, I break it down.
The AUDJPY has some stout levels that traders have been "leaning" against. What does that look like?
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Is that the neckline of a head and shoulders being broken? It looks that way.
The EURCAD is breaking lower today and in the process is cracking below the neckline of a head and shoulder formation.
Take a look and see for yourself.
A technical look at the EURCAD
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USDCHF corrects lower after September run higher. Pair tests 100 hour MA
The USDCHF has been a bullish run in the month of September, but is retracing today. The 100 hour MA at 0.9142 is the next target on the downside.
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EURGBP has a down and up trading day with the 200 hour MA in play on the topside
For the EURGBP, the 38.2% of the September range at 0.86359 is now support on the downside, while the 200 hour MA is topside resistance. Traders trade the technical levels.
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EURUSD extending higher and looks toward its 100 hour moving average
100 hour moving average is at 1.05783. Just above is the 38.2% retracement at 1.05823. Next key target for the buyers today if they are to take more control.
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Kickstart your FX trading on September 28 w/ a technical look at EURUSD, USDJPY and GBPUSD
What technicals are driving the markets in the EURUSD, USDJPY and GBPUSD to start your Tuesday September 28 trading.
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Looming US Government Shutdown Stems the Dollar’s Surge
Overview: The increasingly likely partial US federal
government shutdown has spurred a bout of liquidation of long dollar positions.
The psychologically important JPY150 level was approached, and the euro was
sold through $1.05 yesterday, and the greenback has come back better offered
today. It is lower against all the G10 currencies. It is mixed against the
emerging market currency complex, with central European currencies and South
African rand...
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Oil might gain | Market Outlook with Exnesss
The topic of oil takes center stage this week in Exness' Market Outlook. As a result of the Fed's statement last week, American light oil's price might rebound within the next few days, possibly re-testing the recent high around $92. Russian and Saudi Arabia's production cuts remain the main long-term narrative, with USA production also falling recently. Traders are also watching for clues on oil's direction early next week as the Chinese PMIs are...
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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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