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.

AUDUSD runs higher but runs into some MA resistance. Can the buying continue?

The AUDUSD ran up to some MA resistance at the 200 bar MA on the 4-hour chart, but failed on the first look. What now?

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The USD is moving lower but seeing a little of a rebound in early NY trading. What next?

Bank of Canada rate decision on tap. The 1.3500 level defined a low. What about the upside ahead of the rate decision. The USD moved lower vs the major currency pairs: - EURUSD moved to the highest levels since September 19 and back above the parity level. The price has rotated back down to the parity level. Do buyers stall the fall and continue the upside run.  What are the charts saying? - GBPUSD is also higher on the day and rotated above...

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Dollar Slumps, Yuan Rallies by Most this Year amid Intervention Talk

Overview: The US dollar is having one of toughest days of the year. It has been sold across the board and taken out key levels like parity in the euro, $1.15 in sterling, and CAD1.36. The Chinese yuan surged over 1%. Chinese officials promised healthy bond and stock markets.

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USDJPY cracks lower but having trouble staying below the 50% retracement

USDJPY needs to stay below the 50% retracement level at 147.727

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The morning forex technical report for October 25, 2022 looks at 4 major currency pairs

In the morning forex technical report, Greg Michalowski looks at 4 major currency pairs vs the USD.

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DAX technical analysis: Key prices to watch

The German DAX is consolidating, possibly before the next attempt to break out up. Watch these key levels and visit ForexLive.com for additional technical analysis perspectives.

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Consolidative Tuesday

Overview: The yen and sterling are trading quietly after the recent drama, but with the Party Congress ending, the Chinese yuan has been permitted to fall faster. It approached the 2% band today and its loss of about 0.65% today makes it the weakest among the emerging market currencies.

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Boeing (BA) technical analysis: Looking good for Q3 2022 earnings

ForexLive.com technical analysis of Boeing stock showing the volume profile on the weekly and timely timeframe and showing signs that the next earnings report may be good for Boeing. Watch price levels within the video and visit https://www.forexlive.com/technical-analysis for additional perspectives.

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The morning forex technical report for October 24, 2022

A quick look at the EURUSD, USDJPY, GBPUSD and USDCAD to start the trading week. The EURUSD is finding support near the 100 hour MA keeping the bias in the favor of the buyers despite the declines from Friday's trade and the early Asian session run to the upside. The USDJPY moved sharply lower on BOJ intervention. The price moved down to a low of 145.45 before snapping back higher toward the 200 and 100 hour MA. The pair trades between those MAs...

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BOJ Injects More Volatility, while UK’s Tory Party Leadership Contest may be Over Today

Overview:  Japanese efforts to curb the weakness of the yen provided drama today. What many suspect was intervention before the weekend was wearing off and officials may have sold dollars again today in front of JPY150.

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Russell 2000 technical analysis: Bulls looking fine.

Russell 2000 is the most used benchmark for "small-cap" mutual funds, whereas S&P 500 is used for large-cap equities. It's the most-quoted gauge of small- to mid-cap stock performance. Because it focuses on small-cap U.S. enterprises, it's considered an economic indicator. Bulls are looking good for the week starting 24 Oct and before the most important earnings week of the 4th quarter of 2022, where Amazon, Google, Apple,...

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Platinum Futures Technical Analysis: Looking Strong.

The World Platinum Investment Council forecasts that China will soon commence mass production of fuel cell electric cars, which is positive for the price of the white metal. Fuel cell electric cars (FCEVs) offer the zero-emission mobility that the world so sorely needs to help battle catastrophic climate change. China is set to become a dominant market for platinum-using fuel cell electric vehicles (FCEVs), which provide the zero-emission...

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Macro and Prices: The Week Ahead

There are five macro highlights in the week ahead. After providing a thumbnail sketch of them, we will look more closely at the price action of the leading dollar-pairs. We suspect that the dollar is in the process of carving out a top amid ideas that a 5.0% terminal Fed funds rate is discounted.

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Greenback Holds Above JPY150, while BOJ goes MIA

Overview: The continued surge in US rates and inability of the equity market to sustain gains saw the post-Truss sterling rally unwind amid a broader recovery of the dollar. Sterling has been sold to new lows for the week.

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UK PM Truss resigns. What are the charts telling us

The UK PM Truss resigned and the GBPUSD initially moved higher before backing off. What is the chart in the GBPUSD telling us? A look at it and some of the other major currency pairs in the morning forex technical report for October 20, 2022

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Should I buy TSLA stock after earnings?

Tesla posted unimpressive earnings, and the stock is down over 6% after hours. It's almost $200. When a stock price is near a natural "magnet," it's more likely to be inspected. Stocks that underperform following results seldom recover quickly, if at all. It takes weeks to restart the stock's basic assumptions. The following piece of technical analysis shows how the stock is approaching the VAL (value area low) of the price range's...

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Are you ready for the Australian jobs report? What is video and you will be…

The September Australian jobs report will be released in the new trading day. Are you ready? Do you know the bias defining levels? Do you know the risks? Do you know the targets on a trend like move? In this video, I outline all the levels in play that will make you aware and prepared.

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FOREX QUICK: USDCHF trends higher but consolidates between target levels

Traders battle between 1.0020 and 1.0049 in the USDCHF

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The morning forex technical report for October 19, 2022

A technical look at the EURUSD, USDJPY and GBPUSD in the morning report. What are the technical bias, risk and targets that are driving the EURUSD, USDJPY and GBPUSD in early NA trading? Take a look at the video to confirm your current trade or prepare for your next one.

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