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 falls below 100-day moving average, Investors eyeing 148.000 level. Sellers had their shot.

2023-11-29

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The USDJPY fell below the 100-day moving average for the first time since April 2023, reaching 146.66. Buyers returned as the price rose above the moving average, but breaking the 148.000 level is essential for a bullish trend.

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EURUSD weakens as German CPI disappoints, paving the way for EU CPI data tomorrow

2023-11-29

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The weaker than expected German preliminary CPI data has led to a softer EURUSD in trading today, setting the stage for the upcoming EU CPI data. A move below key retracement levels could turn buyers into sellers, while holding support may lead to a bullish bias.

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A BOUNCE in BABA stock price? | ALIBABA stock chart analysis | Market Outlook with Exness

2023-11-29

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In this week's Market Outlook with Exness, we are diving into Alibaba Group Holding Ltd's stock, aka BABA stock. You're in the right spot for key trading insights! 📈 We delve deep into the Alibaba stock chart, examining the significant 25% value drop since July. Is there a glimmer of hope on the horizon for BABA stock? We'll explore if the overall trend for Chinese shares could signal a recovery for BABA. 📊 Plus, we'll assess the current demand...

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Dollar Recovers After Losses Extended in Asia

2023-11-29

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2023-11-29

Overview: On the back of lower interest rates, the greenback's slide was extended in early Asia Pacific turnover, but it has recovered. As North American trading begins, the dollar is firmer against all the G10 currencies but the New Zealand dollar, which has been aided by the hawkish hold of the central bank, and an immaterial gain in the Swiss franc. Emerging market currencies are mixed. Central European currencies and the Mexican peso are...

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WTI Crude Oil Technical Analysis

2023-11-29

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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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RBNZ Decision: Key barometer for buyers and sellers at a dual technical level at 0.6092.

2023-11-28

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Will the Reserve Bank of New Zealand's interest rate decision shift the NZDUSD bias? Currently above key technical levels, traders should watch for a move below 0.6092 for more bearish clues

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USDJPY breaks key support level, eyes on 100-day MA

2023-11-28

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The USDJPY plummeted below the crucial 147.33 support level, increasing the bearish bias. Traders to now anticipate a potential bounce off the 100-day moving average at 146.90.

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EURUSD soars to new heights, bulls take charge

2023-11-28

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The EURUSD pair is extending its range to the upside, with buyers pushing the price higher. Moving above key retracement levels, the pair is aiming for further gains, targeting swing area ceilings and showing strong bullish momentum.

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USDCAD retreats as dollar selling strengthens, technicals indicate bearish momentum

2023-11-28

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The USDCAD is moving lower as sellers gain control, with the 38.2% retracement level as a key risk. Breaking the 100-day moving average could further increase bearish bias.

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AUDUSD Breakout: Bulls gain control as price surges above key levels

2023-11-28

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The AUDUSD broke above the 38.2% retracement and the 200-day moving average, signaling a bullish momentum. Buyers are taking control with resistance expected at 0.67000 and 0.67134.

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Maximize low risk trading opportunities in USDCHF with these expert tips

2023-11-28

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Discover how to take advantage of low risk trading opportunities in USDCHF and gain a technical edge in your trades.

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Kickstart your FX trading on Nov 28 with a technical look at the EURUSD, USDJPY and GBPUSD

2023-11-28

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The low to high trading range in the EURUSD and the GBPUSD are very narrow today. There is room to roam.

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Canadian Dollar Plays A Little Catch-Up, Rises to best Level in Nearly Seven Weeks

2023-11-28

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2023-11-28

Overview: The US dollar is narrowly mixed against the G10 currencies. The Canadian and Australian dollars lead the advancers, while the Scandis are pacing the losers off 0.1%-0.2% in quiet turnover. Most the freely accessible emerging market currencies are sporting softer profiles today, the Chinese yuan is among them. However, most Asia Pacific currencies, are firmer. Benchmark 10-year yields were softer in the Asia Pacific region in mostly a...

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EURUSD Technical Analysis

2023-11-28

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

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Platinum’s possible breakout | Market Outlook with Exness

2023-11-28

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In this week's Market Outlook with Exness, we see that platinum is poised for a potential breakout from its downward trend in the coming days, following a solid short-term rebound that countered its previous decline. Current market dynamics for metals, platinum included, are heavily influenced by the Fed's less aggressive stance in light of the USA's easing inflation. However, this positive sentiment is somewhat tempered by reduced demand from...

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Gold could recover | Market Outlook with Exness

2023-11-28

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In the near future, gold might bounce in a primarily technical move as the price emerges from oversold conditions and the appetite to push lower appears limited. At the Fed's next meeting in a month, the funds' rate will likely remain at 5.25-5.5%, which is the primary narrative. Nevertheless, this idea may be invalidated if the American inflation data are surprising.

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USDJPY makes new session lows. Seller making a play. Can they keep the momentum going?

2023-11-27

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The USDJPY is making new session lows and in the process is moving below last Tuesday's high and last Wednesday's low. That level comes in at 148.59. Going forward getting and staying below that level will keep the sellers more in control.

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EURUSD high today stalls at retracement level again

2023-11-27

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What next for the EURUSD?

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NZDUSD buyers had their shot today. They missed. What next for the pair?

2023-11-27

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A technical look at the NZDUSD after buyers earlier today took a shot above the 200 day MA and the 50% midpoint retracement.

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

2023-11-27

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In the morning kickstart video, Greg Michalowski of Forexlive.com takes a look at the 3 major currency pairs from a technical perspective to start your trading day.

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