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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USDCAD makes a break above high from September, 100 day MA and broken 38.2% retracement

2024-10-08

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Can the price stay above 1.3646 now? Buyers on the break will want to see increased upside momentum on the break.

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USDCHF moves into “Red Box” but bounces off 100 hour MA. Buyers in control.

2024-10-08

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The 100-hour MA comes to the rescue and sellers forced its way back into the Red Box in the Asian session. Buyers still in control.

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What are the technicals in play for the 3 major currency pairs today. Watch and learn.

2024-10-08

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Kickstart the forex trading day for October 8 with a technical look at the EURUSD USDJPY and GBPUSD.

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Dollar-Bloc Currencies are Disappointed by the Lack of New Chinese Fiscal Stimulus

2024-10-08

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2024-10-08

Overview: The US dollar is mixed but is mostly consolidating. The Australian dollar is a notable exception. The lack of new fiscal initiatives from China weighed on the Aussie, which is off for the fourth consecutive session. The other dollar-bloc currencies have also seen the recent losses extended. On the other hand, the Japanese yen and euro enjoy a firmer bias. After a dreadful drop in factory order, German industrial production surprised to...

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NZDUSD moved into a cluster of technical levels ahead of the RBNZ rate decision

2024-10-07

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What levels are key and why for the NZDUSD today/this week?

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The AUDUSD fall below MA and retracement support and runs to the downside

2024-10-07

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The AUDUSD fell below the 200 bar MA on the 4-hour chart snd the 50% of the move up from the September low at 0.67813.

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USDCAD buyers are making a play with a move above the 200 day MA. Key break? What next?

2024-10-07

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The USDCAD is breaking above its 200-day MA at 1.3600 area.

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This is the area to get involved in the USDCHF if you are a buyer. I will tell you why in this video

2024-10-07

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The old Red Box high is being retested. Buyers need to show support interest here

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Looking ahead in the forex with a technical look at EURUSD, USDJPY and GBPUSD for Oct 7

2024-10-07

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What are the key levels in play for the 3 major currency pairs for today/for the trading week?

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US Rates Extend Gains to Fray 4 percent

2024-10-07

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2024-10-07

The stronger than expected US jobs report triggered a 20 bp jump in the US two-year yield and sent the greenback broadly higher. The market slashed the probability that the Fed would cut by 75 bp in Q4.

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Gold Technical Analysis – Higher real yields weigh on the market

2024-10-07

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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. 0:27 Technical Analysis with Optimal Entries. 1:24 Upcoming Catalysts....

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Crude Oil price forecast, take partial profit at $77.25. Target $78.48

2024-10-06

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Oil had a massive rally of apx. 14% in less than 4 days and probably has some more fuel. But the question is where to join and I am giving you two potential prices to look at. Always trade at your own risk only and visit ForexLive.com for additional opinions.

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Week Ahead: US CPI, China Returns, RBNZ to Cut 50 bp (?)

2024-10-05

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2024-10-05

There were several developments last week that shape the investment climate. First, the September US employment report was stronger than expected and this reinforces the message from Fed Chair Powell. After initiating the easing cycle with 50 bp cut, the central bank is not in a rush and two quarter-point cuts in Q4 is most likely scenario. Once again, the market has converged to the Fed rather than the other way around. Second, the new Japanese...

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USDJPY breaks higher this week and extends above the 38.2% of move down from July 3 high

2024-10-04

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The 38.2% is close support/risk going into the new trading week. The 50%, 200 day MA and the 100 day MA between 150.757 and 151.599 are upside targets

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The EURUSD had moved lower to the next target support, setting the levels for next week.

2024-10-04

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The 61.8% retracement at 1.0944 and a swing area between 1.0942 and 1.0949 will be a key bias defining level for next week's traders. Move below is more bearish.

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NZDUSD continues lower today. RBNZ 50 BP cut expected next week.

2024-10-04

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What is the price action and technicals telling traders in the NZDUSD?

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The AUDUSD is lower and below a key downside target.What next for today and going forward

2024-10-04

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The 0.6820 area is key resistance ceiling now. Staying below keeps the sellers in control today and going into next years trading.

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The USDCAD runs higher after the US jobs report.What next technically for traders ?rexLive Video

2024-10-04

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The USDCAD buyers take more control.

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USDCHF breaks out. The pair surges outside the “Red Box” after stronger US jobs report

2024-10-04

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The break above 0.86368 was met with strong buying

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The US jobs report sends the USD higher but what about the technicals for 3 major pairs

2024-10-04

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A technical look at the EURUSD, USDJPY and GBPUSD.

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