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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The NZDUSD and the AUDUSD are both trading higher for the day/week. What next technically?

2024-04-09

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The USD is moving lower in early US trading.

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USDCHF moves back below MA support tilting the bias back to the downside

2024-04-09

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The USDCHF has been in a less than 100 pip trading range over the last 2-weeks of trading.

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Kickstart the FX trading day for April 9 w/a technical look at the EURUSD, USDJPY & GBPUSD

2024-04-09

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What are the bias, the risk and the targets for the major pairs in trading today.

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Dollar Consolidates Softer Ahead of Tomorrow’s CPI

2024-04-09

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2024-04-09

Overview: The dollar is trading with a softer bias in mostly narrow ranges against the G10 currencies. It did not rally much ahead of the US jobs data, and it was not able to sustain the upside momentum afterwards, despite the jump in US yields. Former St. Louis Fed President Bullard, who still has a strong reputation in the market, told Bloomberg TV yesterday that three cuts were his base case this year. The Scandis and Antipodeans are the...

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USDJPY Technical Analysis – WATCH OUT for the US CPI tomorrow

2024-04-09

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#usdjpy #forex #technicalanalysis In this video you will learn about the latest fundamental developments for the USDJPY pair. You will also find technical analysis across different timeframes for a better overall outlook on the market. ---------------------------------------------------------------------- Topics covered in the video: 0:00 Fundamental Outlook. 1:50 Technical Analysis with Optimal Entries. 3:36 Upcoming Economic Data....

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EURUSD/GBPUSD stretch to new highs on the day. The updated technical look for the pairs.

2024-04-08

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The EURUSD and GBPUSD are moving higher. GBPUSD tests 100 day MA in the process.

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AUDUSD moves above the 100 day MA as buyers make a play

2024-04-08

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Can the price of AUDUSD stay above the 100 day MA at 0.65967?

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USDCHF continues the ups and downs that has dominated the last two weeks of trading.

2024-04-08

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The USDCHF has now traded within 100 pips going back March 26.

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Kickstart the FX trading day for April 8 with a technical look at the EURUSD, USDJPY and GBPUSD

2024-04-08

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What technical are driving the FX market for April 8, 2024 with a technical look a the EURUSD, USDJPY and GBPUSD

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Will the Market Push the Dollar Above JPY152 as Japanese Prime Minister Heads to the US?

2024-04-08

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2024-04-08

Overview:  The jump in US rates after the employment report failed to ignite a sustained rally in the dollar and this shaken the market's near-term confidence. The dollar has been mostly confined to narrow ranges and the low yielding Swiss franc and Japanese yen are softest with the G10 complex today. The dollar is knocking on JPY152. The Scandis and Antipodeans lead the advancers. The euro has made little headway despite a much stronger than...

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Gold Technical Analysis – BIG MOVE expected on the US CPI release

2024-04-08

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#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. ---------------------------------------------------------------------- Topics covered in the video: 0:00 Fundamental Outlook. 0:46 Technical Analysis with Optimal Entries. 2:14 Upcoming Economic Data....

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Kickstart the April 8 trading week w/ a technical look at the major currency pairs.

2024-04-06

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Discover crucial technical levels for major currencies vs. USD to enhance your forex trading strategy

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Week Ahead: Strong US Jobs Data Failed to Sustain Dollar Rally, Can the March CPI do Better?

2024-04-06

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2024-04-06

The March US employment data were stronger than expected and lend support to the re-acceleration hypothesis and an extension of US exceptionalism. In Q1 24, nonfarm payrolls rose by an average of 276k. It was the strongest quarter in a year and compares with an average monthly job gain of about 251k in 2023. The unemployment rate slipped as the household survey jumped around 500k after falling in the previous two months. The workweek increased, and...

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EURUSD lower and back below 200 day MA, but buyers on the dip near support. What next?

2024-04-05

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The EURUSD fell to the 100/200 hour MA and briefly moved below on the stronger US jobs report, but has seen a bounce. What happened the week? What can we expect going forward technically?

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US Employment Data to Set Dollar’s Course

2024-04-05

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2024-04-05

Overview: The focus is squarely on the US employment report. At the risk of oversimplifying, given the position adjustment in the past 48 hours, a solid report can see the greenback recover, while a disappointing report will likely see it deepen the correction of the rally that began with the February jobs report. The dollar recovered in the North American afternoon yesterday and many observers attributed it to the bevy of Fed comments. Yet, the...

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USDJPY Technical Analysis – WATCH OUT for the NFP for a possible breakout

2024-04-05

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#usdjpy #forex #technicalanalysis In this video you will learn about the latest fundamental developments for the USDJPY pair. You will also find technical analysis across different timeframes for a better overall outlook on the market. ---------------------------------------------------------------------- Topics covered in the video: 0:00 Fundamental Outlook. 1:59 Technical Analysis with Optimal Entries. 3:39 Upcoming Economic Data....

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GBPUSD trades to new session lows and targets the 200/100 hour MAs next

2024-04-05

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The 200-day MA is also a key target for the GBPUSD on more downside momentum.

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USDJPY short-term sentiment shifts towards sellers

2024-04-05

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USDJPY tilts downside bias as it drops below 100/200 hour MA amidst risk-off sentiment and lower yields

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EURUSD retraces all the gains in Thursday’s trading and restarts the new day at 200D MA

2024-04-04

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The 200-day MA is at 1.08314 and that is now close support for traders

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Greenback Losses Extended, but Look for Consolidation in North America

2024-04-04

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2024-04-04

Overview: The softer-than-expected ISM services report caught the market leaning the wrong way. Although interest rates had a muted reaction, the dollar was sold. In fact, the Dollar Index saw its second-biggest loss of the year, falling by about 0.50%. ISM services prices paid increases moderated to their slowest since March 2020. Supplier deliveries improved to their best since 2009, suggesting a supply chain improvement. Still, the Fed funds...

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