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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GBPUSD extends above 200 hour MA. Can the buyers keep the momentum going now?

2023-10-05

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The GBPUSD is above the 200-hour MA at 1.2159. Staying above would be more bullish and have traders looking toward the 38.2% retracement of the trend move lower.

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AUDUSD rises sharply higher in the Asian session and then erases gains. What now?

2023-10-05

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The price of the AUDUSD is now settling below the 100 hour MA at 06354 and above support at the low from last week at 0.6331.

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Crude oil bounces off swing area support

2023-10-05

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The price of crude role has fallen sharply over the last 6 trading days and shared nearly $13 off the commodity. The low price today reached a key target area near $82.35. The low price today reached $82.40. In this video I outline the level.

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USDCAD trades to a new high, but only by a few pips. What next technically?

2023-10-05

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Traders will be watching 1.3736 as close support in the USDCAD. Find out why in this video.

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Kickstart your FX trading on October 5 with a technical look at EURUSD, USDJPY and GBPUSD

2023-10-05

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What technicals are driving the markets in the EURUSD, USDJPY and GBPUSD to start your October 5, 2023 day.

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Markets Continue to Struggle

2023-10-05

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2023-10-05

Overview:  The markets remain unsettled. Follow-through dollar selling has been limited today after yesterday's pullback. Narrow ranges are prevailing, but the Norwegian krone and Canadian dollar, the weakest G10 currencies in recent days, are heavier again today. Although it seems that the BOJ did not intervene earlier this week, but the dollar bulls has been chastened just the same and the greenback is holdings below yesterday's high...

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S&P 500 Technical Analysis

2023-10-05

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Here's a quick technical analysis on the S&P 500 with some fundamental background. For more visit ForexLive.com

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What is driving the AUDUSD in trading today?

2023-10-04

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IN this video, I take a look at the AUDUSD and explain the technicals that are driving the pair in trading today.

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NZDUSD sellers had their shot,but 100/200 bar MAs on 4-hour resistance remain a key target

2023-10-04

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The 100/200 bar MAs on the 4 hour chart come in near the 0.5930 area

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NASDAQ index ticks back above its 50 hour moving average/swing area/38.2% retracement

2023-10-04

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Buyers are making a play in the short term for the NASDAQ index. Can they keep control?

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USDJPY stays within the technical range. What next?

2023-10-04

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The USDJPY has defined technical support and resistance. To break, move above the the 200 hour MA or move below the 50% retracement. FInd out where those levels are in this video.

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EURUSD tests a key support target for buyers and sellers.In this video I will explain why

2023-10-04

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The EURUSD has key support at 1.0483

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USDCAD trades to a new session high as crude oil comes under pressure

2023-10-04

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USDCAD trades to the highest level since March 24. What next?

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Kickstart your FX trading on October 4 with a technical look at EURUSD, USDJPY and GBPUSD

2023-10-04

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What technicals are driving the markets in the EURUSD, USDJPY and GBPUSD to start your October 4, 2023 day.

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Strategic Ambiguity Leaves Intervention Question Unanswered, but US Dollar has Steadied

2023-10-04

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2023-10-04

Overview: Dramatic yen price action around the JOLTS report yesterday after the dollar pierced the JPY150 level spurred speculation of BOJ intervention. Although there has been no confirmation, the strategic ambiguity is helping steady the yen and the dollar more broadly today, even though US yields remain firm. Final PMI readings were a better than the flash estimates and this may also be facilitating the consolidative tone. Most promising, from a...

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WTI Crude Oil Technical Analysis

2023-10-04

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Here's a quick technical analysis on WTI Crude Oil with some fundamental background. For more visit ForexLive.com

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USDCAD buyers push higher for the 3rd day in a row. Breaking above swing areas.

2023-10-03

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Buyers are making a play in the USDCAD

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Do you need to get caught up on the price action in the currency markets? Watch and learn.

2023-10-03

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A view of the markets after BOJ intervention (?) and strong JOLTs

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USDCHF runs higher after better CPI and trades to highest level since March 2022

2023-10-03

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USDCHF traders are watching the 0.9224 area in the short term. Barometer for buyers and sellers today and going forward. In this video, I outline the importance of the level.

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Dollar Stabilizes After Extending Gains

2023-10-03

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2023-10-03

Overview: The dollar's gains were initially extended before a consolidative tone emerged. The euro has been sold to $1.0460 and has returned to almost $1.05. Sterling fell to nearly $1.2060 and has recovered though has stopped short of $1.2100. The dollar edged closed to JPY150 but stalled near JPY149.95 and has held above JPY149.65. The Australian dollar near $0.6300 and the greenback rose to CAD1.3725. Benchmark 10-year yields are firm, though...

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