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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Aloha. The morning forex technical report outlines the key levels in play for key pairs

2023-05-15

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Aloha. The morning forex technical report looks at the EURUSD, USDJPY, and GBPUSD. What levels are in play? Why? What's next?

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The USDJPY Story: What the 4-hour chart tells traders about the trading bias

2023-05-12

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The USDJPY traded up and down this week with clearly defined support and resistance levels. When a break higher failed earlier this week, the price rotated lower. However, the low found support against a key MA level, giving the buyers the go-ahead to re-probe the upside. On Friday, May 12, the price moved above a key MA level, a key swing area going back to February, and the storyline took a twist with buyers taking more control. What next?...

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EURUSD trades to a new session low as selling/bearish bias increases

2023-05-12

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The EURUSD is trading to new session lows as a selling/bearish bias increases. In trading this week, the pair broke outside of a 4 – 5 week trading range. What was key was a corrective high back to that breakout level, and found willing sellers. That gave sellers the go-ahead to push lower. What next from a trading perspective?  What's the next key target? What's the close risk? Selling levels if the USD is to stay strong?

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USDJPY moves back to the comfort of the 100/200 hour MAs

2023-05-12

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In this video, we analyze the recent price action of USD/JPY and discuss the upcoming factors that could influence the pair's movement as the week comes to a close. Join us as we explore key levels and potential scenarios. Yesterday, USD/JPY sellers attempted to push prices lower, breaking below a swing area near 133.876. However, their momentum could not be sustained, leading to a bounce back higher in today's trading session. As a result, the...

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EURUSD moves to a new session low as the pair continues its break to the downside

2023-05-12

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Discover key technical breaks and the recent downside breakout in EUR/USD trading. Join Greg Michalowski of Forexlive.com as he analyzes the price action and provides valuable insights in this short video. The EURUSD has made a break to the downside in trading this week, which took the pair outside an up-and-down trading range over the last month or so of trading.  The price is moving down toward 38.2% to end the week at 1.08735. The low price...

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AUDUSD falls back below the 200 day MA

2023-05-11

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Discover the latest analysis of AUD/USD price action in this informative video. Explore key levels and developments impacting the market. Today, AUD/USD fell sharply after encountering selling pressure near the 100-day moving average. The subsequent decline took the price below the important 200-day moving average at 0.6725. Currently, the price is trading near the 50% midpoint of the move up from the April low at 0.6693, suggesting a...

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EURUSD finds support at 1.0900 and bounces. Resistance at 1.0942. Why?

2023-05-11

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In this video, we analyze the recent price action of EUR/USD, focusing on the key levels and developments that impacted the market. Today, the EUR/USD pair experienced a sharp downward movement, facing significant resistance against its 100-hour moving average during the Asia-Pacific session. The subsequent downside move found support just below the 1.0900 level. Moreover, several option expirations took place at that strike price today, adding...

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USDJPY buyers and seller square off as selling stalls. What now?

2023-05-11

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Discover the latest analysis of USD/JPY price action in this informative video. Explore the key resistance and support levels that are currently influencing the market. The USD/JPY pair recently moved lower, breaching a target level on the downside. However, selling pressure subsided, resulting in a corrective upward correction. In this video, we examine what lies ahead for this currency pair. Join us as we dive into a comprehensive technical...

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The GBPUSD retraces most of the CPI gains, but finds support

2023-05-10

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Discover the recent price action of GBPUSD as it breaks above previous highs and retraces CPI gains. Watch the 100-hour moving average and early session high for key intraday clues. Stay updated on GBPUSD technical analysis and make informed trading decisions.

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USDJPY breaks below key hourly MA. What next?

2023-05-10

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Discover the reasons behind the recent decline in USDJPY as we analyze the impact of better-than-expected CPI data. The price drops below its 100-hour moving average mark a key technical break with short-term implications. Sellers maintain control as long as the price remains below this level, while a move above it could lead to disappointment due to the failed break. Stay updated on the USDJPY chart and make informed trading decisions with our...

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EURUSD moves higher (lower dollar) and tests the 100/200 hour MA

2023-05-10

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Discover the recent sharp rise in EURUSD after the release of US CPI data. Stocks are up, and yields are lower. Watch as we analyze the pair's testing of the 100/200-hour moving averages (1.1003 - 1.1008) and the significant 50% retracement level (1.10157) from last week's high. Breaking above these levels indicates a more bullish outlook. Stay tuned for a concise technical analysis of EURUSD, uncovering key levels and insights. Subscribe for...

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USDCAD rotates from oversold levels to swing area resistance

2023-05-09

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Join us as we analyze the recent rebound in USDCAD from oversold levels. Yesterday, buyers stepped in near April's lows around 1.33137, preventing further downside. Today, the price has rallied to a high near 1.3406, entering a swing area between 1.34044 and 1.34214. For the buyers to maintain control, surpassing this level is crucial. Traders will then set their sights on the key 200-day moving average at 1.34459. Stay informed about the USDCAD...

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USDCHF makes a break into a more bullish bias today

2023-05-09

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In this video, we analyze the recent price action of USDCHF. Today, the price of USDCHF made a notable move back above the 200-hour Moving Average (MA) at 0.8911, which has shifted the bias more towards the upside. The buyers showed support near the MA during a corrective dip, providing confirmation for further upward movement. What can we expect next for USDCHF? Watch the video to gain valuable insights and a comprehensive analysis of the price...

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USDCAD bounces higher after reaching toward April low

2023-05-08

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The USDCAD is bouncing after sharp selling took the price toward the April lows and a key swing area on the daily chart.  IN this video I look at the levels in play and explain why.

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The GBPUSD moved to a key target level on the daily chart, and found sellers. What next?

2023-05-08

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The GBPUSD moved to a key target level on the daily chart and found sellers. That level comes against swing eyes going back to 2022. Getting above it would open the door for further upside probing. Staying below it and moving below the low of the swing area 1.25987 would likely disappoint the buyers and lead to some downside probing.

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The USDJPY battle is on. In this video, I outline the key levels in play.

2023-05-08

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The USDJPY traders are battling it out with hourly moving averages stalling the move higher, and the 100 bar moving average on the 4 hour chart, providing support.  A key swing area on the 4 hour chart is also a key resistance area that would need to be broken to increase a bullish bias.

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EURUSD trades above moving averages giving a modest bullish bias

2023-05-08

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The EURUSD traded up and down last week, with Friday's low stalling at a key "floor" level (the 50% of the move up from April low also stalled the fall).  Today, the price moved above the 100 and 200 hour moving averages and have been able to stay above on 2 separate tests today.  Those moving averages come between 1.1021 and 1.10278. They will be the barometer for trader's bias today (and going forward).  Stay above is more positive....

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S&P 500 e-mini futures technical analysis. Bulls still taking this market to 4200.

2023-05-06

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USDCHF runs higher today and back above hourly MAs

2023-05-05

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The USDCHF moved to the lowest level since January 2021 this week, but found support buyers against state support area from the end of 2020/early 2021. In trading today, the pair got a boost from lower Swiss CPI inflation. That took the price above the 200 hour moving average or support buyers leaned.  The US employment report pushed price to the high for the day, before rotating back to the downside. What next? The 200 hour moving average is...

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USDCAD moves down toward a key support target

2023-05-05

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The USDCAD is moving closer to its 200 day moving average at 1.3440 after a couple days of steady selling in the pair.  Higher oil prices have contributed to the Canadian dollars strength. The price of oil intraday yesterday reached a low of $63.70 yesterday. It is trading above $71 today.   Will buyers come in against the 200 day moving average?

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