Category Archive: 4) FX Trends
USDCAD runs up toward familiar swing high area
The 1.3736 to 1.3743 area is home to recent highs in the USDCAD. Can the buyers push through that swing area and extend toward October highs? Or will the sellers lean with risk defined and limited and stall the upside move.
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Kickstart your FX trading for October 24 with technical look at EURUSD, USDJPY and GBPUSD
What technicals are driving the 3 major currency pairs to start the North American trading day on October 24, 2023?
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Poor Flash PMI from Japan and Eurozone
Overview: Bonds
and stocks are higher today, and the dollar is mixed. A weak PMI reading seemed
to weigh on the euro, but the market shrugged the weak Australian PMI off and
the Australian dollar is the G10 currencies while the euro is among the weakest.
Yesterday, the North American session showed an appetite for foreign currencies
and with some of their intraday momentum stretched to the downside, the stage
is set for a possible repeat today. The...
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EURUSD Technical Analysis
Here's a quick technical analysis on the EURUSD pair with some fundamental background.
For more visit ForexLive.com
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USDJPY falls below 100 hour MA, but 200 hour MA (and lows from Thurs/Fri) stall the fall
The 149.64 area is the next target to get to and through for the USDJPY. Move below opens the door for further selling momentum.
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USDCHF held a cluster of support near the 0.8900 level last week. What next?
The bounce higher today moved above the top of a swing area at 0.8947 but failed. Can the price get above that level?
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Kickstart your FX trading for October 23 with technical look at EURUSD, USDJPY and GBPUSD
What technicals are driving the 3 major currency pairs to start the North American trading day on October 23, 2023?
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JPY150 Pierced but Market is Not Done
Overview: News that Israel's ground assault
on Gaza is being delayed while hostage negotiations continue saw gold and oil ease,
but tensions continue to run high. Gold peaked near $1997 before the weekend
and pulled back to about $1964 today before steadying. December WTI peaked in
front of $90 a barrel at the end of last week, and fell to about $86.85 today,
but has also steadied. The dollar is firmer against the G10 currencies, with
the Scandis...
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S&P 500 Technical Analysis
Here's a quick technical analysis on the S&P 500 with some fundamental background.
For more visit ForexLive.com
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Week Ahead: Q3 US GDP to Underscore Divergence, while ECB and Bank of Canada Stand Pat
The US dollar was mixed last week.
One would have thought, based on the geopolitical tensions, the stronger than
expected US economic data that resulted in upward revisions to Q3 GDP
forecasts and a more than 30 bp surge in US 10-year yields, the greenback
would have performed better. The Dollar Index fell by almomst 0.5% last week, its biggest weekly loss in three months. It is down so far this month. On the other hand, gold rallied 2.5% to
extend...
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USDJPY stays above 100 hour MA, but…there is a lot of fear above 150.00
The USDJPY has spent a lot of time above its 100 hour MA this week, but the 150.00 level in the pair still comes with a lot of fear from traders. In this video, I outline the risk going into the new trading week.
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Gold continues it’s surge with $2000 sniffed today
Buyers on geopolitical risk remain in control. Price runs from 100/200 day MAs this week
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EURUSD stays above hourly moving averages today, but upside is limited.
The high today reached 1.0600 and came up short of the key target area between 1.06087 to 1.0616
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AUDUSD moves down and up today. Buyers stall the fall near the week/month lows
There is more work to do in the AUDUSD price action if the buyers are to take more control
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USDCAD steps lower but finds support buyers at the 100 hour MA
The USDCAD has been stepping lower in trading today, but did find support buyers near the 100 hour MA at 1.36718. If the price can move below that level, it would open the downside.
For the dip buyers, a move above a swing area up to 1.3700 would give the dip buyers some confidence.
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