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.

AUDUSD Technicals: AUDUSD rebounds but key resistance still ahead

Buyers step in at support, but the next move depends on whether the pair can break above nearby technical hurdles.

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AUDUSD Technicals: AUDUSD rebounds but key resistance still ahead

Buyers step in at support, but the next move depends on whether the pair can break above nearby technical hurdles.

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USDCHF Technicals: USDCHF trapped between 100-hour and 200-hour moving averages

Early gap higher fails near 0.7828 resistance, leaving the pair in a neutral range as traders watch the 0.7774–0.7812 technical battle zone.

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USDJPY technicals: USDJPY backs off 158.89 resistance. What next?

Sellers lean against January swing highs as price tests key support near 157.65–157.97.

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GBPUSD Technicals: GBPUSD rebounds but tests key resistance

Buyers push price back above the 100-hour MA, but the 100-day and 200-hour MAs near 1.3400 loom as the next major hurdle.

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EURUSD Tecnicals: EURUSD trades to new intraday highs and looks toward key MA resistance

The 100 hour MA at 1.15944 in the EURUSD. Get above would give buyers a victory.

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The good news? Crude oil is -16% off the high.The bad news? It is 10% higher on the day

What next technically for the price of crude oil?

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USDCAD Technicals: The USD is lower vs the CAD to start the week. What to watch for clues.

The USDCAD is lower on the day. What am I watching for technical clues now?eed and clarity to keep professionals ahead of market moves, 24/7.

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The USD is higher but off the highs for the day. What next technically?

Crude oil is higher. US stocks are lower. US yields are higher. The USD is higher. The markets are looking for anything good.

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Capital Markets Remain Unsettled with Oil Above $100

The Middle East war continues to dominate the investment environment. The dollar is firm. Equities are lower. Yields are higher. The disruption of trade through the Strait of Hormuz is forcing oil producers to shut down output due to limited storage capacity. Sulfur and urea supplies are also being disrupted, as is natural gas and …

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Week Ahead: War and More War

The Middle East war changes everything. And President Trump's demand for an unconditional surrender makes a near-term off-ramp more difficult to envision. Moreover, the impact ripples through a wide swath the global economy. Food is very oil and gas intensive, taking into account transportation, fertilizer, and pesticides. Worker remittances are important to many developing nations …

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EURUSD Technicals: The EURUSD is closing just below the 100 hour MA. Key barometer into new week.

The EURUSD moved lower early in the US session but did fins support buyers near a swing area between 1.15422 and 1.15549. The low price bottomed off the level and bounced to the 100 hour MA where the price is settling into the weekend. That MA will be the barometer for buyers and sellers in the new week.

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GBPUSD rebounds off trendline support but key resistance levels loom

GBPUSD held support at an upward-sloping trendline on the hourly chart earlier today and then pushed higher, breaking above the 100-hour moving average and holding above it into the New York afternoon session. That move gives buyers something to build on in the near term. However, there is still work to be done to strengthen the bullish bias. The next upside hurdles include the 100-day moving average at 1.3395, followed by the falling 200-hour...

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USDJPY buyers defend key support as pair eyes break above 158.08

USDJPY is trading higher on the day despite weaker U.S. jobs data. The move has been supported by favorable technicals, with the low for the day holding near the rising 100-hour moving average at 157.45, which also aligns with an upward-sloping trendline at roughly the same level. With the price currently above those supports, buyers retain the near-term control. A move back below that support zone would give sellers a foothold and could open the...

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USDCAD Technicals: USDCAD breaks lower as oil surge weighs on the pair

USDCAD is breaking lower as oil prices surge more than 12% on the day, adding pressure to the pair alongside a weaker U.S. dollar following the softer jobs report. The decline has pushed the price below the key trading range between 1.3624 and 1.3724, triggering further selling momentum. With that break, the pair has moved through additional swing levels at 1.3603 and 1.3593 and is now targeting the next downside level near 1.3575. For the bias to...

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AUDUSD Technicals: AUDUSD based at a floor near 0.6972 but has work to do . What next technically

The AUDUSD bias remains tilted to the downside, but support near 0.6972–0.6985 has stalled the decline over the last three trading days, with those lows holding above Tuesday’s weekly low at 0.6945. A break below 0.6972 would likely open the door for further downside momentum. On the topside, the 100-hour moving average near 0.7040 has capped rallies on Thursday and Friday. Moving above and holding that level would target the 200-hour moving...

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NZDUSD Teechnicals: The NZDUSD is trading near 100 hour MA. That will be the barometer going forward

The NZDUSD is rallying off the low for the week after sellers had their shot below a lower channel trend line. The price is bouncing higher and testing the 100 hour MA in to the close. That will be the key barometer going into the new trading week.

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The USD moved lower but has since bounce back after the weaker than expected jobs report

What are the technicals telling traders now? A technical look at the EURUSD, USDJPY, GBPUSD, USDCHF and USDCAD. Get on track with the key technical levels in play.

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US Non-farm Payroll takes center stage. What are the technicals telling traders?

IN the video, I take a look at the EURUSD, USDJPY and GBPUSD from a technical perspective ahead of the Non-farm payroll, Retail sales, Fed speak and war headlines.

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War Continues to Roil the Markets

The war continues to disrupt the global capital markets. The US dollar remains firm though mostly within the ranges seen in recent days. It is threatening to break higher against the Japanese yen, where the JPY158 level is coming under pressure. Still, the yen, despite Japan’s reliance on imported oil and refined products is the …

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