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.

The AUDUSD remains above 100 day MA today. Sniffed the May high and backs off.

AUDUSD buyers remain more in control above the 100 day MA at 0.67349

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USDCAD falls below the lows going back to early May, but only just barely…

The USDCAD failed on break of resistance at 100 hour moving average as well

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EURUSD rises above key target resistance after CPI, but failing.

The move above the 100 day MA and the 38.2% is failing after CPI data

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AUDUSD Technical Analysis

This a technical analysis video on the AUDUSD pair with some fundamental background as we head into the US CPI report today. For more visit ForexLive.com

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GBPUSD lower on the day and being influenced by the EURGBP

The EURGBP is reversing higher and helping to push the GBPUSD lower

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USDJPY trades a little up in a little down so far today. Waiting for the next shove.

The range of 58 pips is around half of the 117 PIP average over the last 22 trading days

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EURUSD higher but work to do for the buyers to increase the bullish bias

The 1.0810 area remains a key target on the topside if swing area support can hold today

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This week’s Fed rate hike decision. Complacency Could Spell Danger. But Also OPPORTUNITY.

The Federal Reserve (Fed) has raised interest rates 10 times since March 2022. The target range for the federal funds rate is currently 5.00% to 5.25%. The probability of a rate hike in the next meeting is low, at 18.6%. However, there have been instances in the past where the Fed has surprised markets by raising rates even when the probability of a rate hike was low. If the Fed does surprise markets by raising rates, it could lead to a sell-off in...

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ES Futures technical analysis, forecasted price of the beginning of the year reached. Where next?

ES Technical Analysis: Revisiting the January Forecast https://www.forexlive.com/technical-analysis/e-mini-sp-500-futures-unraveling-the-4400-forecast-and-whats-next/ In this video, I revisit my January forecast for the S&P 500 E-mini futures contract (ES). At the time, I called for a move to the 4400 level, and we are now very close to that level. In this video, I will discuss the factors that have led to this move, and I will also provide...

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NZDUSD stalls near 38.2% of the May trading range

The price rise in the NZDUSD stalls against the 38.2% retracement keeping the sellers in play

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AUDUSD moves from support at the 200 day MA to resistance at the 100 day MA.

Will sellers lean against the 100 day MA?

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GBPUSD extends higher in trades at the highest level since May 11

GBPUSD finds support buyers near swing area and 61.8% retracement

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USDJPY playing the technical ranges with MAs above/swing area below

The 100 and 200 hour moving averages were tested and broken earlier at 139.53, but the break failed.

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EURUSD corrects into support today. Can the bounce lead to a rise toward 1.0810 target?

The support/risk comes in at 1.0747 to 1.0759. Get above 1.0786 ceiling and then 1.0810 becomes the target area

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USDCAD bias remains lower, but low today can’t take out yesterday’s low

USDCAD consolidates after yesterday's BOC hike yesterday

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USDCAD bias remains lower, but low today can’t take out yesterday’s low

USDCAD consolidates after yesterday's BOC hike

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AUDUSD extends above 200 day MA. Buyers in control.

High from yesterday eyed. The AUDUSD is up testing the high from yesterday's trading at 0.6717. The high price just reached 0.67149 after breaking back above its 200-day moving average of 0.66907. What next? Moving above the 200-day moving average sets is as a risk-defining level once again. Stay above is more bullish. On the top side, the 100-day moving average at 0.67425 would be the next key target on a break of the high from yesterday at...

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USDJPY rotates lower and back below the 100/200 hour MA. Ups and downs continue.

The 100/200 hour MA is now resistance again at 139.70 The USDJPY moved lower after the initial jobless claims moved to new 20-month highs. The data, pushed the USDJPY back below its near converged 100/200 hour moving averages at 139.70. Those moving averages are not risk-defining levels for sellers looking for more downside momentum. The price needs to stay below to keep the sellers more in control in the short term.

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EURUSD runs to swing area after weaker jobs data

Initial jobs clients spikes to 20 month highs helping to weaken the USD. The initial jobless claims for the current week rose to the highest level in 20 months and that has weakened the US dollar in the process. Looking at the EURUSD, the price action saw the pair move up to a swing area between 1.0747 and 1.0759, but is finding sellers against that swing area on the first look as risk for sellers can be defined and limited by sellers. A move...

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USDCHF moves lower after SNB comments and US jobs data

Initial jobless claims spike higher, and SNBs Jordan speaks about inflation. The USDCHF has moved sharply lower after SMB's Jordan spoke to more persistent than we thought inflation, and the much higher US jobless claims moved US rates lower and the US dollar lower as well.   The USDCHF moved to a swing area between 0.9025 and 0.9035. The 38.2% retracement of the major trading range comes in at 0.90218.  Move below each opens the door for further...

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