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.

USDCHF finds buyers near some key support. Can the buyers keep that positive momentum?

Traders will be watching support near 0.8779 as key borderline support

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August 21, 2023:A technical look at the USDCAD, AUDSD and NZDUSD to start the trading week

What are the technical levels in play to start the trading week in the USDCAD, AUDUSD and NZDUSD

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August 21, 2023: Kickstart your trading day with a look at the EURUSD, USDJPY and GBPUSD

The EURUSD, GBPUSD and USDJPY are all higher to start the trading day. What next? Watch the video and be sure to "like" and "subscribe"

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China Surprises While the Dollar Begins Week Softer

Overview:  The new week, which features the BRICS meeting and the Jackson Hold symposium is off to a quiet start. The failure of Chinese banks to pass through last week's 15 bp cut fully into the lending prime rates was a major disappointment and it is not yet clear the logic. While the yuan and yen are softer, as are more local Asian currencies, while most of the G10 currencies are posting small gains against the greenback. Gold is trading little...

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Russell 2000 Technical Analysis

Here's a quick technical analysis on the Russell 2000 with some fundamental background. For more visit ForexLive.com

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Week Ahead: Yen’s Recovery Ahead of the Weekend may Give the Yuan a Reprieve or Be Ready for BRICS to Disappoint High Hopes for a Dollar Alternative

There seem to be three large forces shaping the investment climate. First is the resilience of the US economy, with four consecutive quarters of above trend growth.  It appears that the US economy may be expanding faster than the 2.4% annualized pace seen in Q2.  Many of the largest naysayers have capitulated. Second, the monetary tightening cycle is widely seen as almost over, and many are beginning to fine tune forecasts for the first cut by the...

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Don’t discount technicals when analyzing Bitcoin. A look at the technicals driving BTC/USD.

The price of bitcoin tumbled below the 100 and 200 day MAs and is finding support at the 38.2% retracement.

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Crude oil makes a comeback today. Settles at $81.25, up 1.07%

Crude oil bounces off the $79.00 support level for the 3rd day in a row

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USDCHF chopped higher in trading this week. What next going into the new trading week?

The USDCHF has chopped higher this week, but is testing a swing area high near 0.88193. Get and stay above would be more bullish for the pair as we head toward the new trading week.

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The USDCAD finds seller’s near retracement target. Will the sellers take charge now?

The USDCAD tested the 61.8% retracement of the 2023 trading range and stalled the rally today. Will sellers lean and start a corrective move lower now?

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Nasdaq moving toward key MA support and swing area support. Will the buyers show up?

The Nasdaw index is moving toward oversold from RSI perspective but be careful as trending markets are fast, directional, and can go farther than traders expect,. So leaning against levels is key.

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AUDUSD and NZDUSD tell similar technical stories today. What does that story say?

Key technical support targets stall the fall. 100 hour MA looms above as resistance.

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Kickstart your forex trading day for Aug 18:A technical look at the EURUSD, USDJPY, GBPUSD

The USD is moving higher. EURUSD trades to lowest level since July 6. USDJPY is testing its 100 hour moving average. GBPUSD is trading back below its 100/200 hour moving averages

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Dollar Bulls Still in Control

Overview: What may have been hoped to be a quiet August has turned into a feeding frenzy for dollar bulls as the contrasting economic performance has spurred persistent buying of the greenback. Even shallow dips have been bought. Today, it is mostly trading inside yesterday's ranges against the G10 currencies. The PBOC set the dollar's reference rate at what appears to be a record gap below the Bloomberg average survey, and the dollar was scooped...

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EURUSD Technical Analysis

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

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EURGBP down for the 5th day in a row and gets closer to swing area support

The EURGBP has swing area support between 0.8503 and 0.85195

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EURUSD retracing the gains and now lower on the day

The 100 hour MA stalled the rally in the EURUSD. Sellers in control.

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USDCHF trades in a sloppy up and down trading range, but there is a key area to eye.

The USDCHF has been trading up and down but the buyers are holding a small advantage above 100/200 bar MA on the 4 hour chart

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USDCAD corrects lower on day, but there is work to do for sellers to take more control.

Join us as we delve into the intricacies of the USDCAD currency pair, focusing on the pivotal 100 hour moving average situated at 1.34819. Discover why this critical level holds the key to understanding market sentiment and potential price movements. In this insightful analysis, we unravel the significance of the 100 hour MA and explore its implications for traders seeking to make informed decisions in the dynamic world of forex trading.

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Both the AUDUSD and NZDUSD found support buyers on the break to new 2023 lows today

Trend line and retracement/swing area support levels held support at lows in the AUDUSD and the NZDUSD pairs today

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