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.

Kickstart your FX trading on October 12 with a technical look at EURUSD, USDJPY and GBPUSD

What technicals are driving the markets in the EURUSD, USDJPY and GBPUSD to start your October 12, 2023 trading day.

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Greenback Consolidates Ahead of September CPI

Overview: The dollar is mixed against the G10 currencies. It is confined to narrow ranges ahead of today's CPI report. The Russian ruble is the strongest of the emerging market currencies following the imposition of new capital controls, forcing many exporters to repatriate their foreign earnings. After posting a key upside reversal at the end of last week, gold continues to recover. It nearly $1883 so far today, the best level in more than two...

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EURUSD Technical Analysis

Here's a quick technical analysis on the EURUSD pair with some fundamental background. For more visit ForexLive.com

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EURUSD can’t keep momentum going. Back below 50% midpoint.

EURUSD runs to swing area target on break higher but reverses lower

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AUDUSD trading up and down within a range. What defines the range & potential breakpoints?

The AUDUSD has support near 0.63927 and resistance near 0.6435

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USDCAD stays in the up and down range. Swing area above. 200 bar MA on 4-hour chart below.What next?

The USDCAD is remaining within the trading range from yesterday defined by a swing area up to 1.36125, and the 200 bar moving average on the 4 hour chart at 1.35714

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Kickstart your FX trading on October 11 with a technical look at EURUSD, USDJPY and GBPUSD

What technicals are driving the markets in the EURUSD, USDJPY and GBPUSD to start your October 11, 2023 day.

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Bonds Extend Recovery

Overview: Broadly speaking, the dollar's recent pullback was extended today but the momentum appears to be slowing, perhaps ahead of tomorrow's US CPI report. The Dollar Index slipped to its lowest level since September 25 before steadying. The greenback is mixed as the North American market is set to open. The dollar bloc and Swedish krona are the underperformers. The Swiss franc is the best, up about 0.2%, while the yen and euro are little...

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WTI Crude Oil Technical Analysis

Here's a quick technical analysis on WTI Crude Oil with some fundamental background. For more visit ForexLive.com

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GBPUSD looks toward 50% retracement target. Key target to get to and through now.

GBPUSD buyers push to a new session high and highest level since September 22`

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EURUSD making a break for it. Find out by watching this video.

The EURUSD buyers are making a play on the hourly and the daily chart. Find out why that is so important.

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AUDUSD trades up and down today, but holds support area on dip

The AUDUSD has traded up and down today but has done a good job of holding the 50% of the range since end of September high.

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The broader indices are moving higher with the NASDAQ index testing key MA resistance

The NASDAQ is testing the 100 and 50 day MAs. The S&P is breaking above a swing area but has work to do to get to the 100/50 day MAs

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USDCAD finds support buyers near the moving average support. What next for the pair?

The 200 bar MA on the 4-hour chart at 1.35712. Resistance near a swing area up to 1.36125 now.

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USDCHF finds support buyers on the dip just ahead of the 200 day MA. What next?

The 200 day MA stalls the fall in the USDCHF near 0.9028 today and bounces. On the topside, the 100 bar MA on the 4-hour chart comes in at 0.9100 area. Those levels are the wide support and resistance now.

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Kickstart your FX trading on October 9 with a technical look at EURUSD, USDJPY and GBPUSD

What technicals are driving the markets in the EURUSD, USDJPY and GBPUSD to start your October 10, 2023 day.

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Sharp Fall in US Yields ahead of Large Supply

Overview: The market continues to monitor developments in Israel and the Middle East. The economic calendar is light today and the market is showing a strong appetite for risk. Except for China and South Korea, large bourses in the Asia Pacific rallied. Japan's indices jumped more than 2% and Australia by 1% to lead the region. Europe's Stoxx 600 is up 1.5% near midday, which, if sustained would be the largest in nearly a month. US index futures...

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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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NZDUSD making a play outside “value area”

NZDUSD breaks above 0.6000 increases bullish bias. Looks toward swing area high at 0.6032 followed by the falling 100 day moving average of 0.6062

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GBPUSD is trading between technical levels with MAs on the downside and swing area above

The 200 hour MA holds support in the GBPUSD at 1.21584. ON the topside, resistance comes in at a swing area between 1.2219 to 1.22316.

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