Category Archive: 4) FX Trends
USDCAD is hanging around the 50% midpoint as buyers and sellers await the next shove
The 50% midpoint comes in at 1.3661. The 100 hour MA at 1.36718 is resistance. On the downside, the 1.3631 is support followed by 1.3604 to 1.3621.
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USDCHF trades up & down and holds support at retracement target. Ceiling stalls the rally.
The 38.2% of the April trading ranges comes in at 0.90953. The ceiling comes in at 0.9145 to 0.9156.
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Yen Dumps before It Jumps
Overview: The FOMC meeting, the US employment report, and
eurozone CPI were to be the highlights of the week, but the Japanese yen stole
the march to start the week. The dollar soared to almost JPY160.20 before
falling sharply to JPY154.55 and then rebounding to almost JPY156.00. Intervention
has not been confirmed and BOJ data will not cover it until next month. On
balance, it appears that most think it was algo-trading in thin markets given
the...
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Gold Technical Analysis – The calm before the storm?
#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.
0:55 Technical Analysis with Optimal Entries.
2:19 Upcoming Economic Data....
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Why the yen is so weak and what’s next
The yen is in a terrible spot at the moment. It’s hitting fresh 34-year lows daily, including a 200 pip move on Friday. Adam Button from ForexLive spoke with BNNBloomberg about the outlook for the yen and the US dollar.
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Week Ahead: FOMC, US Jobs, EMU Inflation, JPY Pressure
The backing up of US rates did not lift the dollar broadly as it appeared to have done previously. The dollar-bloc currencies, led by the Australian dollar, and sterling advanced last week, while the Swiss franc and Japanese yen were unable to find traction. The Bank of Japan had an opportunity to have protested the yen's weakness more adamantly but did not do so. Recognizing the role of interest rate differentials as an important driver, the...
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The USD is moving higher vs the major currencies. What has it done to the technicals?
In this video, I take an updated look at the EURUSD, USDJPY, GBPUSD, USDCHF and USDCAD and update the technical views given the move higher in the USD.
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USDCHF trades up and down again today. Holds the 100 bar MA/retracement level
The support near the 0.9095 technical levels stalls the fall. The price is back near highs.
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Kickstart the FX trading day for April 26 w/ a technical look at EURUSD, USDJPY and GBPUSD
The US CPE data was less fearful than expectations. What did the data do to the value of the dollar? In this video, I take a look at three of the major currency pairs from a technical perspective. Watch and learn.
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GBPUSD ping-ponging between 38.2% and 50% of the April trading range
The volatile move to the upside in the dollar after the US GDP, has reversed course after holding support against it broken 38.2% retracement of the April trading range. The corrective move has also stalled against the 50% of the same range.
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AUDUSD ups and downs as fundamental news keeps volatility high for the pair.
High CPI in Australia supported the AUD, but higher PCE inflation in the US rotates the pair back lower today
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Kickstart the FX day for April 25 with a technical look at EURUSD, USDJPY and GBPUSD
The US dollar has moved higher after the US GDP report with lower growth and higher inflation
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Gold Technical Analysis – We are at a key trendline
#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.
0:42 Technical Analysis with Optimal Entries.
2:14 Upcoming Economic Data....
Read More »
Read More »
GBPUSD ping pongs between technical levels
The 200-hour MA and high of swing area is support. The 38.2% of April move lower is resistance.
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