Category Archive: 4) FX Trends
USDCAD is confined in an up-and-down trading range. Traders battle and await a break.
The 1.3717 is support On the topside get and stay above the 100 hour MA at 1.3735 and then the 50% of the range since July at 1.37669 is the bullish roadmap.
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USDCHF falls back below 38.2% retracement and tests the 100 hour MA
Can the sellers take more control after failing on the break of the 38.2% retracement yesterday and today?
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Are Risk Appetites Recovering?
Overview: The Antipodeans and sterling lead the G10 currencies today. The New Zealand dollar is the strongest, though the central bank is likely to deliver its first rate cut tomorrow. The Australian dollar rose to a three-week near $0.6610. Sterling was lifted by a stronger than expected employment report (though wage growth slowed) ahead of tomorrow's CPI. The yen and Swiss franc nursing modest losses. Emerging market currencies are mostly...
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Gold Technical Analysis – Middle East tensions in focus
#gold #xauusd #technicalanalysis
In this video you will learn about the latest fundamental developments for Gold. You will also find technical analysis across different timeframes for a better overall outlook on the market.
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Topics covered in the video:
0:00 Fundamental Outlook.
1:05 Technical Analysis with Optimal Entries.
2:16 Upcoming Catalysts....
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USDJPY price moves toward converged 100/200 hour MAs
The 100 and 200-hour MA are moving toward convergence and the price is moving toward them. WIll the buyer lean against the MAs and push the pair higher in the new trading day?
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AUDUSD bangs against the 100 day MA. Can the buyers break through the key technical level?
Can buyers overpower AUDUSD's 100-day moving average resistance and advance to higher levels? Watch the video for insights on price action and key levels.
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Kickstart the FX trading day for Aug.12 w/a technical look at the EURUSD, USDJPY & GBPUSD
It is a quiet Monday as buyers and sellers spar in the GBPUSD. The USDJPY moves higher. US CPI and PPI later this week
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Subdued Market Compared to a Week Ago: Is the Dramatic Position Unwinding Over?
Overview: The capital markets have begun the week in subdued fashion. Japanese markets were closed for the Mountain Day celebration, and this week's key events, which include US and UK CPI, and the Reserve Bank of New Zealand meeting and potentially its first rate cut. The uncertainty about the market positioning and the extent of the carry-trade may also be dampening activity. The yen and Swiss franc are the weakest of the G10 currencies today,...
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USDJPY Technical Analysis – Waiting for a breakout of the range
#usdjpy #forex #technicalanalysis
In this video you will learn about the latest fundamental developments for the USDJPY pair. You will also find technical analysis across different timeframes for a better overall outlook on the market.
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Topics covered in the video:
0:00 Fundamental Outlook.
0:44 Technical Analysis with Optimal Entries.
1:56 Upcoming Economic Data....
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Week Ahead: Price Action Might be More Important than Data, Barring US CPI Surprise
There is no need to debate whether it was tightening by the Bank of Japan or the fourth consecutive rise in the US unemployment rate that spurred the dramatic market reaction at the start of last week. It seems reasonable that both played a role. And the dramatic unwinding of short yen positions, which appeared to help fuel a recovery of the Swiss franc, Chinese yuan began before the Bank of Japan meeting and the US employment report. Moreover, on...
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USDCAD has its share of ups and downs over the last few days. Seller bang against support.
The Sellers are getting their chance against the 200 bar MA on the 4-hour chart and the 61.8%. Can they take more control?
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AUDUSD backs off from the 100/200 day MAs. Support near 50% and 100 bar MA on 4H chart
The AUDUSD is sharply higher from Monday's new 2024 lows, but runs into topside resistance
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