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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USDCHF finds support buyers on the dip just ahead of the 200 day MA. What next?

2023-10-10

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The 200 day MA stalls the fall in the USDCHF near 0.9028 today and bounces. On the topside, the 100 bar MA on the 4-hour chart comes in at 0.9100 area. Those levels are the wide support and resistance now.

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Kickstart your FX trading on October 9 with a technical look at EURUSD, USDJPY and GBPUSD

2023-10-10

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What technicals are driving the markets in the EURUSD, USDJPY and GBPUSD to start your October 10, 2023 day.

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Sharp Fall in US Yields ahead of Large Supply

2023-10-10

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2023-10-10

Overview: The market continues to monitor developments in Israel and the Middle East. The economic calendar is light today and the market is showing a strong appetite for risk. Except for China and South Korea, large bourses in the Asia Pacific rallied. Japan's indices jumped more than 2% and Australia by 1% to lead the region. Europe's Stoxx 600 is up 1.5% near midday, which, if sustained would be the largest in nearly a month. US index futures...

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USDJPY Technical Analysis

2023-10-10

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

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NZDUSD making a play outside “value area”

2023-10-09

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NZDUSD breaks above 0.6000 increases bullish bias. Looks toward swing area high at 0.6032 followed by the falling 100 day moving average of 0.6062

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GBPUSD is trading between technical levels with MAs on the downside and swing area above

2023-10-09

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The 200 hour MA holds support in the GBPUSD at 1.21584. ON the topside, resistance comes in at a swing area between 1.2219 to 1.22316.

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EURUSD trades within a technical range with the 100H MA as support and swing area above

2023-10-09

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EURUSD trades with swing area resistance up to 1.0557 and support down at 100 hour MA at 1.05215. Waiting for the next shove.

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USDJPY falls sharply. Slices through 50% retracement at 148.73 (now resistance)

2023-10-09

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USDJPY tests a swing area between 148.45 and 148.52

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USDCAD sellers make a technical play below 200 hour MA/38.2% retracement level

2023-10-09

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200 hour MA and 38.2% retracement at 1.3629 in the USDCAD. Bearish play by sellers.

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Kickstart your FX trading on October 9 with a technical look at EURUSD, USDJPY and GBPUSD

2023-10-09

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What technicals are driving the markets in the EURUSD, USDJPY and GBPUSD to start your October 9, 2023 day.

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War in Israel Spurs Flight to Dollars, Yen and Gold, While Driving up the Price of Oil

2023-10-09

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2023-10-09

Overview: There are three main developments. First, the market is digesting the implication of the US employment data, where the optics were strong (336k increase in nonfarm payrolls compared with 170k median forecast in Bloomberg and Dow Jones surveys) but some details were disappointing (like the third consecutive decline in full-time posts, seasonally adjusted). Second, Chinese mainland market re-opened after a six-day holiday). Chinese stocks...

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Week Ahead: King Dollar Stalls

2023-10-07

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2023-10-07

The US reports September CPI on October 12 and the first decline in three months in the year-over-year rate is expected. However, the price action itself may overshadow not only the CPI but other high-frequency data in the week ahead. US grew more than twice the number of jobs in September as economists expected. US interest rates and the dollar jumped initially, and stocks were dumped. And then they reversed. Many narratives will be spun to...

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A technical look at the USDCHF heading into the week starting October 9, 2023

2023-10-06

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The technical bias in the USDCHF going into the new trading week starting October 9 is tilting lower, but with work to do. What targets and risk levels are in play technically for traders

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A technical look at the USDCAD heading into the week starting October 9, 2023

2023-10-06

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A technical look at the USDCAD heading into the week starting October 9, 2023

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A technical look at the USDJPY heading into the week starting October 9, 2023

2023-10-06

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In this video, I outline the risks and targets in the USDJPY as we work toward the close for the week, and the look ahead to the new trading week. What is the bias?  What are the targets? What is the risk? What did the price action today and this week tell us technically about the price action going forward?

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A technical look at the GBPUSD heading into the week starting October 9th

2023-10-06

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In this video, Greg Michalowski of Forexlive.com, takes a look at the GBPUSD as the day comes to a close and traders look ahead to the new trading week starting October 9.

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EURUSD trades higher on the day and looks toward key resistance at 1.0610 area

2023-10-06

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The 1.0610 area is home to a cluster of resistance. Will the sellers lean? Or will the squeeze continue?

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VIDEO: A look at all the major currency pair vs the USD after the US jobs report

2023-10-06

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Get yourself in synch with the market technicals for the major US currency pairs after the US jobs report

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Kickstart your FX trading on October 6 with a technical look at EURUSD, USDJPY and GBPUSD

2023-10-06

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What technicals are driving the markets in the EURUSD, USDJPY and GBPUSD to start your October 6, 2023 day.

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US Employment Data to Determine Whether the Greenback’s Rally since mid-July is Over…Maybe

2023-10-06

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2023-10-06

Overview: One key issue for market participants is if the dollar's pullback is the beginning of something important or is largely position adjusting ahead of today's US jobs report. We suspect that the dollar's rally that began in mid-July is over, though a strong employment report that boosts the chances of a Fed hike before year-end could quickly demonstrate the folly of making claims ahead of what is still one of the most important reports in...

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