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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USDJPY falls below 100 hour MA, but 200 hour MA (and lows from Thurs/Fri) stall the fall

2023-10-23

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The 149.64 area is the next target to get to and through for the USDJPY. Move below opens the door for further selling momentum.

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EURGBP bangs against support for the 2nd time today. 100 hour MA and swing area in play.

2023-10-23

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The 100-hour MA and low of swing area at 0.86982 tries to stall the fall

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GBPUSD buyers are breaking the price higher and making a play

2023-10-23

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Buyers above the 200 hour MA increasing the bullish bias in the short term.

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USDCHF held a cluster of support near the 0.8900 level last week. What next?

2023-10-23

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The bounce higher today moved above the top of a swing area at 0.8947 but failed. Can the price get above that level?

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Kickstart your FX trading for October 23 with technical look at EURUSD, USDJPY and GBPUSD

2023-10-23

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What technicals are driving the 3 major currency pairs to start the North American trading day on October 23, 2023?

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JPY150 Pierced but Market is Not Done

2023-10-23

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2023-10-23

Overview:  News that Israel's ground assault on Gaza is being delayed while hostage negotiations continue saw gold and oil ease, but tensions continue to run high. Gold peaked near $1997 before the weekend and pulled back to about $1964 today before steadying. December WTI peaked in front of $90 a barrel at the end of last week, and fell to about $86.85 today, but has also steadied. The dollar is firmer against the G10 currencies, with the Scandis...

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S&P 500 Technical Analysis

2023-10-23

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Here's a quick technical analysis on the S&P 500 with some fundamental background. For more visit ForexLive.com

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Week Ahead: Q3 US GDP to Underscore Divergence, while ECB and Bank of Canada Stand Pat

2023-10-21

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2023-10-21

The US dollar was mixed last week. One would have thought, based on the geopolitical tensions, the stronger than expected US economic data that resulted in upward revisions to Q3 GDP forecasts and a more than 30 bp surge in US 10-year yields, the greenback would have performed better. The Dollar Index fell by almomst 0.5% last week, its biggest weekly loss in three months. It is down so far this month. On the other hand, gold rallied 2.5% to extend...

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USDJPY stays above 100 hour MA, but…there is a lot of fear above 150.00

2023-10-20

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The USDJPY has spent a lot of time above its 100 hour MA this week, but the 150.00 level in the pair still comes with a lot of fear from traders. In this video, I outline the risk going into the new trading week.

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GBPUSD fails above 100 hour MA. What next as we head into the new week.

2023-10-20

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What technicals are in play for the new trading week starting October 23rd 2023.

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Gold continues it’s surge with $2000 sniffed today

2023-10-20

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Buyers on geopolitical risk remain in control. Price runs from 100/200 day MAs this week

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EURUSD stays above hourly moving averages today, but upside is limited.

2023-10-20

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The high today reached 1.0600 and came up short of the key target area between 1.06087 to 1.0616

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AUDUSD moves down and up today. Buyers stall the fall near the week/month lows

2023-10-20

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There is more work to do in the AUDUSD price action if the buyers are to take more control

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USDCAD steps lower but finds support buyers at the 100 hour MA

2023-10-20

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The USDCAD has been stepping lower in trading today, but did find support buyers near the 100 hour MA at 1.36718. If the price can move below that level, it would open the downside. For the dip buyers, a move above a swing area up to 1.3700 would give the dip buyers some confidence.

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USDCHF finds a pause point at dual technical target

2023-10-20

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The 100-day MA and 50% midpoint stalls the fall in the USDCHF. What next for traders.

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Kickstart your FX trading for October 20 with technical look at EURUSD, USDJPY and GBPUSD

2023-10-20

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What technicals are driving the 3 major currency pairs to start the North American trading day on October 20, 2023?

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The Dollar Continues to Press Against JPY150; Risk Off Ahead of the Weekend

2023-10-20

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2023-10-20

Overview: True to the market's penchant, it heard a dovish Fed Chair Powell yesterday. He seemed to suggest that the bar to another hike was high. This helped cap the 10-year yield just in front of 5.00% and allowed foreign currencies to recover against the dollar. The US two-year yield reversed lower after rising above 5.25%. It is now around 5.15%. Still, Powell appeared to cover similar ground as several other officials, including Fed governors...

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Gold Technical Analysis

2023-10-20

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Here's a quick technical analysis on Gold with some fundamental backgound. For more visit ForexLive.com

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AUDUSD moves to a new high but can the momentum continue?

2023-10-19

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The AUDUSD moved above the 100 hour MA and high of swing area near 0.6334. Can the price stay above and push toward the 200 hour MA at 0.6363?

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What levels are in play for EURUSD, USDJPY and the Nasdaq index ahead of Fed Powell. Be aware.

2023-10-19

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Fed Powell is speaking at 12 noon ET. What should traders look for technically? Be aware. Be prepared.

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