Category Archive: 4) FX Trends
Kickstart the FX day for June 13 with a technical look at the EURUSD, USDJPY and GBPUSD
The fundamental economic news has been on the dovish/soft side. The Fed was more hawkish (relatively).That has the major pairs in a quandary.
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Dollar Comes Back Bid
Overview: The dollar fell alongside US rates
yesterday after the softer than expected CPI. The move on both rates and the
dollar were pared after the FOMC meeting which held rates steady as widely
expected, but the median dot now anticipated one cut this year rather than
three. The dollar has recovered more ground today and is trading with a
slightly firmer bias G10 currencies. However, trading is quiet and mostly
narrow ranges have dominated....
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Gold Technical Analysis – The price whipsaws on US CPI and FOMC
#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.
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Topics covered in the video:
0:00 Fundamental Outlook.
0:33 Technical Analysis with Optimal Entries.
2:01 Upcoming Economic Data....
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AUDUSD runs higher and toward 2024 high and the 50% of the range since the 2023 high
The 50% and May high comes in at 0.67134. Key target on the topside for buyers and sellers
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EURUSD moves to a new high and extends to the next swing area. What next technically?
A swing area between 1.08538 and 1.08617 looms above. There may be some profit-taking against the area on the first look
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USDCAD falls on CPI data, but runs into technical support at the 100/200 bar MAs on 4-hour
The 100 and 200 bar MAs on the 4-hour chart are being tested at session lows. Key barometer in the short term for buyers and sellers in the USDCAD today and going forward.
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USDCHF falls after better CPI data, but finds support buyers at swing area lows
The swing area lows from last week came between 0.8880 and 0.88916. The low price today reached just above that level at 0.8892.
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Kickstart the FX trading day for June 12 w/a technical look at the EURUSD, USDJPY & GBPUSD
The tamer than expected CPI data has pushed the USD lower, stocks higher and yields lower ahead of the FOMC rate decision later today. What now for the key technical levels?
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Double Whammy: US CPI and Federal Reserve
Overview: Position adjustments ahead of today's US CPI and FOMC
meeting are giving the dollar a modestly heavier tone today. Each of these
events are typically a source of volatility in their own right and together
they promise an eventful North American session. The yen is the only exception
among the G10 currencies, but even there, the dollar is holding below
yesterday's highs. Even sterling's relative resilience this week was unmarred
by the...
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EURUSD Technical Analysis – A look at the chart ahead of the US CPI
#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.
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Topics covered in the video:
0:00 Fundamental Outlook.
1:11 Technical Analysis with Optimal Entries.
2:44 Upcoming Economic Data....
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NZDUSD continues the corrective move higher today, but runs into moving average resistance
The 100 bar MA on the 4-hour chart comes in at 0.61363. Key barometer for the pair for buyers and sellers.
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EURUSD sellers are looking to take control. Stay below 1.07346 is now a more bearish tilt
The EURUSD is breaking below the 1.0722 to 1.07346 swing area. Staying below increases the sellers control.
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AUDUSD consolidates with buyers and sellers in play for control.
The sellers had their shot yesterday below the 38.2% retracement of the move up from the April low at 0.6579. They missed. Buyers only rebound fell short of its 200-bar moving out on the 4-hour chart at 0.66154.
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AUDUSD consolidates with buyers and sellers in play for control.
The sellers had their shot yesterday below the 38.2% retracement of the move up from the April low at 0.6579. They missed. Buyers only rebound fell short of its 200-bar moving out on the 4-hour chart at 0.66154.
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USDCAD buyers making a play. The swing area between 1.3784/1.3803 targeted next.
Buyers push to new highs in the USDCAD. with swing area target needed to be broken to open the upside more.
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USDCHF trades in a narrow trading range and awaits the next shove. Buyers making a play.
The USDCHF is trading above the 200 hour MA and looks toward the 38.2% retracement to prove the buyers mean business (or the minimum "business")
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Kickstart the FX trading day on June 11 w/a technical look at the EURUSD, USDJPY & GBPUSD
What is driving the technicals in the 3 major currency pairs in trading today? What to eye. What to react to?
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Greenback Remains Firm, Still Driest Towel on the Rack
Overview: The US dollar is firm against all
the G10 currencies, except for sterling, which is straddling unchanged levels
after labor market report that showed an uptick earnings remain elevated, and
the unemployment rate ticked up to a new high since September 2021. The dollar
reached a new six-day high against the Japanese yen near JPY157.40. The Chinese
yuan (onshore) fell to new lows since last November as the mainland markets
re-opened from...
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Apple stock technical analysis for year 2024
Watch these key levels and get ready to take action if price gets there. Trade at your own risk. Visit www.ForexLive.com for additional views.
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GBPUSD Technical Analysis – The US jobs data gave the greenback a boost
#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.
1:05 Technical Analysis with Optimal Entries.
2:54 Upcoming Economic Data....
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