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.

USDCAD Technicals: USDCAD continues its run lower and away from the 100 and 200 day MAs.

The USDCAD fell below the 100 and 200 day MA and has seen increased downside momentum. That level is now close risk for traders between 1.3889 and 1.39004.

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USDINR Technicals: USDINR sellers took their shot, but missed. Buyers are back in control.

The corrective sellers in the USDINR moved below some short term technical targets yesterday and today, but fell short of the 38.2% of the move up from the November 11 swing low. What next?

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AUDUSD Technicals: The AUDUSD buying continues.The price is breaking above swing area high

The swing area high comes in at 0.6635 in the AUDUSD. That swing area comes between 0.6625 to 0.6635. Staying above keeps the buyers in full control.

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CAD employment report will be released at the bottom of the hour. What levels are in play?

The price is at a neutral swing area and retracement midpoint ahead of the key data at 8:30 AM ET.

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The USD is mixed to start the NA session. What are the technicals telling traders?

The price action for the USD has been down and then back up today as traders play the levels. In this video, I kickstart the North American session by breaking down those technicals that are in play in the consolidation trading seen today.  What will kickstart a move higher or lower for each of those currency pairs today or going forward?

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German Factory Orders Surprise to the Upside, Japan Household Spending Surprise to the Downside, while the Greenback Consolidates

Overview: The US dollar is a little softer today but mostly consolidating yesterday's moves against the G10 currencies. The Australian dollar leads the way and reached its best level since September 18. The market, though, has shrugged off surprising data:  a surge in German factory orders and a disappointing drop in household spending in Japan. …

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EURUSD Technicals:EURUSD has waffled up &down today and trades back to the low. What next?

The EURUSD has the low of a swing area at 1.1645. The 100 day MA is also in play at that level. Key level today and going forward for the buyers and sellers.

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AUDUSD Technicals:The move to the upside has now stretched to a key swing area. What next?

The AUDUSD has move up to test a key swing area between 0.66347 and 0.6635. Do the sellers stick a toe in the water against this key ceiling area? I talk about it in the video

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USDINR Technicals: The USDINR comes off the burner and corrects lower into support

What key technical levels are now in play for the USDINR. The video outlines a key level for both buyers and sellers that you must watch.

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USDCAD Technicals: USDCAD moved up on claims surprise but key target resistance stops rise

The 100 hour MA and the high of a key swing area at 1.3975 stalled the rally in the USDCAD after jobless claims surprise.

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The USD is lower vs the JPY by 0.40%. Versus the EUR and GBP, the USDs decline is modest

What technical levels are in play for the EURUSD, USDJPY and GBPUSD to kickstart the new trading day?

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Dollar’s Downside Momentum Stalls

Overview: The US dollar is stabilizing most of the G10 currencies today after its recent losses. As the North American markets are set to open, the greenback is posting minor gains against the G10 currencies but the Japanese yen and Australian dollar. The news stream is light. The market has lifted the odds of a … Continue...

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Broader indices trade to new session highs. What technical levels are key for S&P/Nasdaq?

The broader indices are keeping the bullish bias and stepping toward next key targets near all-time highs.

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NZDUSD Technicals: A forex quick look at the technicals driving the NZDUSD.

The NZDUSD is trading to a new high and looks toward a swing area high and looks toward stronger levels above near 0.5800.

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USDCAD Technicals: A forex quick look at the technicals driving the USDCAD.

What is the roadmap for traders RIGHT NOW for the USDCAD? I will go through the key levels in this short video.

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USDJPY Technicals: A forex quick look at the technicals driving the USDJPY right now.

The price of the USDJPY is testing a key target level at the 155.00 area

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USDINR Technicals: The upside run in USDINR continues. Stretches toward the Fib extension

The target for the USDINR from a technical perspective targets the Fibonacci extension at 90.573

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Stocks are higher, yields are lower and the USD is lower. How about the technicals?

In this video, I take a look at the technical driving the 3 major currency pairs to kickstart the new trading day - the EURUSD, USDJPY and GBPUSD. What are the technicals telling traders about the bias, risk and targets.

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After Pausing Yesterday, the Greenback’s Slide is Extending Today

Overview: The US dollar is under pressure today. Stronger European final PMI readings and a pullback in US yields have seen the greenback sold through last month's lows against several G10 currencies. And even where the data disappointed, like Australia's Q3 GDP or Switzerland's CPI, the currencies are bid. Led by central European currencies, most …

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Silver in focus: is the XAGUSD rally entering its next phase?

Silver has surged with remarkable momentum, outperforming the broader metals group and drawing attention from traders watching for the next potential move. In this week’s Exness Market Outlook, Stanislav Bernukhov recaps last week’s Bitcoin idea before turning to a developing setup on Silver, looking at what the latest price behavior may be signaling and which upcoming data could influence sentiment. Is this strong rally hinting at a continuation...

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