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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AUDUSD breaks free from trading range, bullish sentiment continuesForexLive Video

2023-12-14

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The AUDUSD broke out of its trading range and is now moving upwards. The price has reached the 50% midpoint of the 2023 trading range, but fluctuations are still occurring. Close attention should be paid to the risk level defined by recent highs. Watch the video for an analysis of the pair's technical factors and potential challenges to the bullish bias.

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ForexLive Video

2023-12-14

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The EURUSD is making a strong upward move, exceeding resistance levels and testing the 1.1000 target. Further gains could be expected if it surpasses swing highs at 1.1008 and November's high at 1.10165. Maintaining support above the 61.8% retracement and a key swing area near 1.0959 keeps buyers in control, but a drop below may lead to corrective probing.

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The USDCAD tumbles lower and in the process is stretching toward key retracement target

2023-12-14

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The USD/CAD is nearing its 61.8% retracement at 1.33999 as the dollar weakens. Breaking below 1.3400 could lead to further downside with a target at 1.3378.

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Kickstart your FX trading on December 14 with a technical look at the EURUSD, USDJPY and GBPUSD

2023-12-14

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Each of the major pairs are tilting the bias in favor of USD weakness. Fed, ECB and BOE decisions impacting

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S&P 500 Technical Analysis

2023-12-14

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Here's a quick technical analysis on the S&P 500 with some fundamental background. For more visit ForexLive.com

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The technical levels in play for the major currency pairs after the FOMC decision

2023-12-13

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The USD plunges as the Fed lowers rate projection, pushing Euro above key levels; Yen bears gain strength.

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EURUSD has clearly defined the bullish and bearish levels that will dictate the trade bias

2023-12-13

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Discover the key levels that will determine the bullish and bearish bias for EURUSD, providing valuable insights for traders.

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NZDUSD bounces off support near the 200 day MA and approached hourly MA levels

2023-12-13

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What is the roadmap of technical levels for the NZDUSD ahead of the FOMC rate decision.

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The AUDUSD trades in an up and down range as traders await the next move.

2023-12-13

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What levels are in play through the FOMC rate decision? A technical level that shows the roadmap through the Fed fireworks.

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USDCAD falls to a new session low and in the process tests a floor target

2023-12-13

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USDCAD falls to new session low, testing key floor level at 1.35478. If broken, next target is the 200-day moving average at 1.35134.

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Kickstart your FX trading day with a look at the EURUSD, USDJPY and GBPUSD

2023-12-13

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The FOMC rate decision is ahead and the markets are positioning for the decision. Find out the bias, the risks, the targets for the EURUSD, USDJPY and GBPUSD and traders prepare for the final rate decision for the trading year.

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Fed to Express More Confidence that Policy is Sufficiently Restrictive Despite the Easing of Financial Conditions

2023-12-13

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2023-12-13

Commentary will resume with a 2024 outlook on December 29. Overview: The dollar is trading with a firmer bias today ahead of the outcome of the FOMC meeting. Standing pat for two meetings was framed as a pause, but given the decline in price pressures, being unchanged for a third meeting is understood as the end of the historically aggressive tightening cycle. Fed Chair Powell is expected to express greater confidence that policy is sufficiently...

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WTI Crude Oil Technical Analysis

2023-12-13

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Here's a quick technical analysis on WTI Crude Oil with some fundamental background. For more visit ForexLive.com

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EURGBP breaks above resistance, signaling potential upside momentum

2023-12-12

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The EURGBP broke higher today, surpassing a key resistance level. This suggests the possibility of further gains in the short term. However, the ECB and the BOE rate decisions on Thursday could impact the currency pair. Overall, the market expects the ECB to be more dovish, which could be bearish for EURGBP. Watch for short term clues around 0.85877.

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AUDUSD volatility continues: Ups and downs in trading shift market sentiment

2023-12-12

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The AUDUSD has experienced ongoing volatility with shifts in market sentiment. Ups and downs in trading have determined the bias, with key moving averages acting as barometers. Traders eagerly await the FOMC rate decision for the next market movement.

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USDCAD rebounds above moving averages but faces resistance at key area

2023-12-12

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After falling below a crucial floor, the USDCAD bounced back and crossed several moving averages. The 100-day moving average now acts as support, while a swing area and the 38.2% retracement level pose as resistance.

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The major currency pairs bounce back after initial reaction to US CPI data

2023-12-12

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EURUSD, USDJPY, and GBPUSD see technical lows but recover after initial dip following US CPI release.

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Soft US CPI Today Paves Way for Fed Pivot Tomorrow

2023-12-12

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2023-12-12

Overview: The US dollar is trading softer against all the G10 currencies ahead of what is expected to be a soft November CPI report, which paves the way for a pivot by the FOMC tomorrow. It is expected to signal that policy may be sufficiently restrictive and anticipate being able to cut rates next year more than it thought in September, even if not as much as is priced into the market. Among emerging market currencies, central European currencies...

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USDJPY Technical Analysis

2023-12-12

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

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EURJPY buyers push upward, challenging critical resistance levels

2023-12-11

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EURJPY sees buyers assert control, climbing above swing area and 100-hour moving average. As upward momentum builds, attention turns to significant resistance levels for potential breakthrough.

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