Category Archive: 4) FX Trends
USDCAD continues to follow the technicals higher
The USDCAD has been running higher and respecting its technicals in the process. What next?
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USDCHF breaks higher today but does find willing sellers against target swing area.
The USDCHF is up and down, with swing area above and the 200 hour MA below. Traders trading the technical levels.
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Kickstart your FX trading for October 26 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 26, 2023?
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Tensions Run High Ahead of ECB Meeting and US Q3 GDP as JPY150 Breached
Overview: The market is on edge. Anxiety is running higher. It is
partly geopolitics, and it is partly market stresses. The dollar is holding
above JPY150 but so far, no reports or signs of intervention. Bank shares are
under pressure. An index of Japanese banks has fallen for five of the past six
sessions and are off about 8% from the year's high set last month. An index of
European bank shares has fallen in six of the past seven sessions and...
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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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BOC rate decision, and the USDCAD is higher. What would keep that momentum going or not?
The USDCAD is higher ahead of the BOC rate decision and approaches the October high at 1.3783. Can the momentum continue?
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Kickstart your FX trading for October 25 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 25, 2023?
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Divergence Continues to Underpin the Greenback
Overview: The divergence reflected in the flash PMI
readings seen yesterday underpinned the dollar, which is firmer in mostly quiet
turnover. The initial Australian dollar gains scored in response to the
slightly less decline in Q3 CPI have been unwound. The greenback also remains
within striking distance of JPY150 where there are still some large options and
some apprehension over possible BOJ intervention. Hungary's larger than expected
rate cut...
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USDJPY Technical Analysis
Here's a quick technical analysis on the USDJPY pair with some fundamental background.
For more visit ForexLive.com
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Both the EURUSD and GBPUSD retrace much of the gains from yesterday
Lower yes, but the sellers in the EURUSD and GBPUSD have reached some key support targets
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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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