Category Archive: 4) FX Trends
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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Kickstart your FX trading for October 20 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 20, 2023?
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The Dollar Continues to Press Against JPY150; Risk Off Ahead of the Weekend
Overview: True to the market's penchant, it heard a
dovish Fed Chair Powell yesterday. He seemed to suggest that the bar to another
hike was high. This helped cap the 10-year yield just in front of 5.00% and
allowed foreign currencies to recover against the dollar. The US two-year yield
reversed lower after rising above 5.25%. It is now around 5.15%. Still, Powell
appeared to cover similar ground as several other officials, including Fed
governors...
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Gold Technical Analysis
Here's a quick technical analysis on Gold with some fundamental backgound.
For more visit ForexLive.com
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AUDUSD moves to a new high but can the momentum continue?
The AUDUSD moved above the 100 hour MA and high of swing area near 0.6334. Can the price stay above and push toward the 200 hour MA at 0.6363?
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What levels are in play for EURUSD, USDJPY and the Nasdaq index ahead of Fed Powell. Be aware.
Fed Powell is speaking at 12 noon ET. What should traders look for technically? Be aware. Be prepared.
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Sellers in USDCHF take the price back below retracement target giving sellers some hope.
The 38.2% retracement of the move up from the July low comes in at 0.89808. Staying below would be more bearish for the USDCHF technically.
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Kickstart your FX trading for October 19 with a 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 19, 2023
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Greenback Remains Bid and the Market has not Given Up on JPY150
Overview: The greenback did not strengthen yesterday
in Asian and European turnover despite the deteriorating conditions in the
Middle East, but it did rally as North American participants entered the fray. Indeed,
the Dollar Index rose from a marginal new four-day low to a marginally new
four-day high. The safe haven bid seen in gold and oil, was reflected in the
foreign exchange market by the strength of the Swiss franc, the only G10
currency to...
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Gold shows strength | Market Outlook with Exness
In this week's Market Outlook with Exness, we focus on Gold which is amid a strong demand, fueled by the conflict in the Middle East. This time, the narrative is simple: Gold acts as a hedge against a geopolitical crisis.
Technically, it had almost reached the 1940 area, which is a 200-day moving average. It may try to test this area soon and continue moving higher. The speech of the Fed's governor Jerome Powell on Thursday may add some pieces to...
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Dow Jones Technical Analysis
Here's a quick technical analysis on the Dow Jones with some fundamental background.
For more visit ForexLive.com
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