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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Euro Trades Quietly Ahead of ECB Meeting

2024-07-18

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2024-07-18

Jury duty assignment prevents a more comprehensive note, but here is a snapshot. Overview: The US dollar enjoys a firmer bias today, in mostly quiet turnover in narrow ranges. The Australian dollar is a noted exception, and the better than expected jobs growth may have lent it some resilience today. The greenback initially was sold to almost JPY155.35, a new low (since June 7) before recovering to nearly JPY156.60 in Europe. The UK's employment...

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USDJPY Technical Analysis – A key breakout increased the bearish momentum

2024-07-18

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#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. ---------------------------------------------------------------------- Topics covered in the video: 0:00 Fundamental Outlook. 1:03 Technical Analysis with Optimal Entries. 2:16 Upcoming Economic Data....

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AUDUSD sellers push the price back toward key MA, retracement and swing area support

2024-07-17

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The Australian jobs report will be released in the new trading day and will be an influence on the price action. Strong support outlined below.

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USDCAD extends to the upside and tilts the technical bias to the upside.

2024-07-17

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Buyers in control in the USDCAD.

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NZDUSD respecting technical levels Where are those levels? Find out in this video

2024-07-17

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The NZDUSD bounced off key trend line and retracement support yesterday/today. The run higher has found willing sellers against a MA level. What next?

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USDCHF breaks lower below technical levels, increasing the bearish bias. What next?

2024-07-17

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The USDCHF breaks below its 200 day moving average and 38.2% retracement of the move up from the December 2023 low

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Kickstart the FX trading for July 17 with a technical look at the EURUSD, USDJPY & GBPUSD.

2024-07-17

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The USD is lower with the EURUSD stretching higher ahead of the ECB decision tomorrow. The GBPUSD is above the 1.3000 level and at a new high for the year.

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Dollar Crushed, Stocks Slump

2024-07-17

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2024-07-17

Jury duty assignment prevents a more comprehensive note, but here is a snapshot. Overview: The dollar is broadly lower, and stocks are under pressure. Comments by a Japanese official, which did not appear to break new ground, coupled with Trump's interview in BusinessWeek, where he was critical that Japan was benefiting from a weak yen, despite having apparently spent some $80 bln this year trying to stop it from falling, may have been the trigger....

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Gold Technical Analysis – We reached a new all-time high

2024-07-17

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#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. ---------------------------------------------------------------------- Topics covered in the video: 0:00 Fundamental Outlook. 0:38 Technical Analysis with Optimal Entries. 2:08 Upcoming Economic Data....

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EURUSD bounces off 50% midpoint, giving the buyers the “go ahead” to push higher

2024-07-16

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As long as the price stays above the 50% retracement at 1.08695, the buyers are in control,

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USDCAD moves higher after Canada CPI & US retail sales but can’t keep momentum going

2024-07-16

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With the BOC rate decision next week, what next?

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The USDCHF extended higher after retail sales but stalled at a MA target

2024-07-16

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The pair moved through 3 of 4 moving averages from 0.8956 to 0.89778, but stalled at the highest target.

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Kickstart the FX trading day for July 16 w/a technical look at the EURUSD, USDJPY & GBPUSD

2024-07-16

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Retail sales help to send the USD higher

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BOJ Appears to have Intervened last Friday Too, but Market Sells Yen Anyway

2024-07-16

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2024-07-16

Jury duty assignment prevents a more comprehensive note, but here is a snapshot. Overview: The US dollar is consolidating in narrow ranges against most of the G10 currencies. The Australian and New Zealand dollars, along with the Japanese yen are off by about 0.25%, but the others are +/- 0.10. The latest BOJ data appears to imply that officials intervened not only last Thursday, but Friday as well. Emerging market currencies are mixed but mostly...

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USDJPY Technical Analysis – The price is consolidating at a key trendline

2024-07-16

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#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. ---------------------------------------------------------------------- Topics covered in the video: 0:00 Fundamental Outlook. 1:20 Technical Analysis with Optimal Entries. 2:28 Upcoming Economic Data....

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USDJPY sellers push below double bottom and retracement level today, but break fails

2024-07-15

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The buyers now more in control. Can they take back more control? Where does that happen? I talk about it in this short video.

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NZDUSD trades in a neutral area. Traders await for a break. CPI this week.

2024-07-15

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The price of the NZDUSD trades between MAs on the top and bottom.

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USDCAD tests a cluster of MAs on topside after bouncing off key support at Friday’s low

2024-07-15

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The Bank of Canada meets next week and the odds for a cut increases.. What are the technicals telling traders in the pair?

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USDCHF finds willing sellers near a cluster of MAs. Trades above and below 50% midpoint.

2024-07-15

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The 50% of the range since June low at 0.8938 is the barometer for traders today after resistance against a cluster of MAs above stalled the rally today.

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Kickstart the FX trading day for July 15 w/a technical look at the EURUSD, USDJPY & GBPUSD

2024-07-15

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The EURUSD and the GBPUSD extends to topside resistance targets and finds sellers. The USDJPY stays mostly between retracement levels.

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