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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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USDJPY makes new highs for the year, but momentum slowsLive Video

2023-05-23

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The USDJPY moved to a new high going back to November 2022 in trading today, but could not maintain momentum. The price is rotated back to the downside ahead of the US stock market open.  Technically, failure to extend hire is a disappointment, but if the price can remain above 138.139 on the daily chart, that would keep the buyers and control. Watch that level in trading today for short and long term-term clues.

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EURUSD stretches toward the low from last week and away from 100 day MA. What next?

2023-05-23

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Join us as we delve into the EURUSD's current price action and uncover its potential for a downside move. The pair is currently approaching the low from last week, indicating a significant level to watch. A breakthrough below this level, along with the 1.0750 support level from the daily chart, could pave the way for further downside momentum. Traders will closely monitor whether the pair can sustainably stay below its 100-day moving average at...

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The table is set for the buyers and sellers in the USDCAD. Traders await the next shove.

2023-05-22

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Join us as we analyze the USDCAD's trading session on Victoria Day, a national holiday in Canada. Despite the subdued price action, important resistance and support areas have emerged, setting the stage for potential momentum in the coming days. The resistance area lies between 1.3517 and 1.35266, while the support area is defined by the 50% midpoint and a cluster of moving averages, including the 100-hour moving average at 1.3486, the 200-hour...

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USDCHF settle between 100/200 hour MA after sharp up and down trading day

2023-05-22

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Join us as we unravel the ongoing battle between buyers and sellers in the USDCHF pair amidst a volatile trading session. The pair has been navigating through key technical levels, showcasing a fascinating tug-of-war between bullish and bearish forces. After finding support at the 50% midpoint, the price has witnessed a push higher, challenging resistance levels on the topside. Notably, the pair has tested the 200-hour moving average above, along...

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GBPUSD sellers try to take more control in up and down day

2023-05-22

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Dive into the latest GBPUSD analysis and discover a recurring pattern that spells opportunity for sellers. The failed attempts to surpass the 100-hour moving average (MA) have tilted the balance in favour of sellers, as long as the price remains below this critical MA level. Additionally, the 4-hour chart unveils a significant test of the key 200-bar MA during Friday's upward move, where eager sellers emerged. Keep a close watch on this MA level...

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USDJPY buyers make a play again. Can the buyers keep the control?

2023-05-22

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Witness the USDJPY buyers in action as Fed's Bullard adopts a more hawkish stance, driving the price higher. In this captivating video, explore the swing areas on both the 4-hour and daily charts that indicate buyer strength. Keep an eye on the key resistance level at 138.74, which marks the high from last week. If the buyers manage to stay above the swing area support, their target becomes the 50% Fibonacci retracement level from the 2022 high to...

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Technical Analysis and Trade Idea for TSLA Bulls (using Fib entry)

2023-05-21

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🔍 Uncover Tesla's stock price forecast for 2023 through a comprehensive technical analysis! 📈 Explore a unique Fibonacci entry method that optimizes trade entry points. 💡 Discover potential accumulation opportunities and effective risk management strategies for traders. For additional perspectives, visit Forex Live! Don't miss out on this insightful analysis and trade idea! #TeslaStockForecast #TechnicalAnalysis #FibonacciMethod

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What levels are in play for the GBPUSD and why through the Fed Chair speech

2023-05-19

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In this insightful video, we examine the recent price action of GBPUSD, focusing on its retracement higher and subsequent rejection at the 100-hour moving average. Sellers stepped in at the critical level, driving the price back below a significant swing area. By staying below this level, sellers maintain their dominance in the market. We also discuss the importance of the 100-hour moving average as a conservative stop level for sellers...

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GBPUSD continues move lower. What would ruin the trend move now?

2023-05-18

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Join us in this comprehensive video analysis as we delve into the current trend of GBPUSD, which is exhibiting a downward trajectory. We explore the key factors that could potentially disrupt or invalidate this bearish move. By breaking down the technical aspects driving the market, we provide valuable insights into the bias, risks, and targets for GBPUSD. Stay informed and gain a deeper understanding of the GBPUSD market dynamics by watching this...

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AUDUSD moves to new session low and new low for May 2023

2023-05-18

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The AUDUSD has been stepping lower since peaking last week. The corrective moves higher have been finding willing sellers against the falling 100 hour moving average. That has kept the sellers more in control. In trading yesterday and again today the price moved up toward that moving average and found sellers giving them the go-ahead to take the price lower from a technical perspective. The low price just extended below the early May low but only...

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GBPUSD stayed below a key hourly MA today and that gave sellers the go-ahead to push lower

2023-05-18

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The GBPUSD moved below the 100 hour moving average late in the day yesterday after a break above a failed. In trading today in the Asian session, the high found the sellers against that moving average, and it gave the sellers the go-ahead to push to the downside. That move to the downside has taken the price below the low price from yesterday near 1.2421 and also below an old swing area on the daily chart between 1.24228 and 1.2447. If the sellers...

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The USDJPY breaks to the upside after Fed Logan comments

2023-05-18

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The USDJPY is trading and breaking to the upside after Fed's Logan said that the data does not support a pause in June. The move to the upside has taken the price away from its 200-day moving average and above a swing area between 137.499 and 138.139. The price is also above the May 1 high at 137.75 and the early March high at 137.91. Those levels are now close risk for the pair.

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EURUSD falls below KEY support targets. What next?

2023-05-18

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The EURUSD is breaking to the downside and in the process is falling below its key 100 day moving average currently at 1.0805. The 50% midpoint of the move up from the March 15 low is also at that level increasing its importance. As always a price remains below the 1.0805 level the sellers remain in control and the doors open for further downside momentum.

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USDCAD moves below series of MAs today with one more to go

2023-05-17

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Join us as we analyze the recent price action of USD/CAD in this insightful video. Witness the back-and-forth movement of the pair, including today's trading session. Although the price has dipped below key moving averages such as the 100-day MA, 100-hour MA, and 200-day MA, it has found support from buyers at the 200-hour MA. The question arises: Will this last moving average be broken? Higher oil prices, up approximately $2 on the day,...

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GBPUSD rebounds after a break below downside target fails

2023-05-17

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Explore the latest developments in GBP/USD trading as we analyze the pair's rebound in this engaging video. Witness the reversal of earlier declines experienced during the London session, propelling the pair higher. The move brings GBP/USD closer to the 100-hour moving average, a level likely to provide resistance. Additionally, a swing area aligns with this level, preceded by natural resistance at 1.25000. Join us to uncover the details and...

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USDJPY makes a break for it…

2023-05-17

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Join us as we delve into the current market dynamics of USD/JPY in this informative video. Witness the pair's decisive move above the crucial 200-day moving average and a significant swing area ranging from 136.912 to 137.095. But what makes this area so important? Find out all the details and insights in this video.

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EURUSD sniffs key support target and finds early buyers

2023-05-17

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Discover the latest developments in EUR/USD trading in this engaging video. Witness the extended downward movement, bringing the pair to a new low not seen since early April. The price now approaches critical support levels, defined by the 100-day moving average and the 50% retracement of the upward move from below March 15. Key support is anticipated at the level of 1.0805, with the price reaching as low as 1.08127 today, just a few pips away from...

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The USD is moving higher vs the EUR, GBP and JPY, but is lower vs CAD after higher CAD CPI

2023-05-16

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Join us for the morning forex technical report as we examine the latest developments in the currency markets. In today's session, the USD demonstrates strength against the EUR, GBP, and JPY, while experiencing a decline against the CAD. This shift comes in response to the stronger-than-expected Canada CPI data released today. Stay updated with the morning forex technical report to gain valuable insights into the currency market dynamics and make...

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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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