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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EURUSD bounces off the 38.2% retracement and 100 hour MA support for 2nd time today

2023-11-07

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The dip buyers against the 38.2% were joined by the 100-hour moving average near the 1.0664 level. Traders leaned against that level as risk can be defined and limited. That could be you too.  Were you there?

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AUDUSD falls after RBA rate hike. Shift to a less hawkish stance leads to the fall.

2023-11-07

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The AUDUSD has moved down to support near 200 hour MA, and 0.6400 support

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Kickstart your FX trading for November 7 with technical look at EURUSD, USDJPY and GBPUSD

2023-11-07

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What is moving the markets from a technical perspective in the 3 major currency pairs on November 7, 2023.

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The Dollar’s Recovery has been Extended, but it may Give North American Operators a Better Selling Opportunity

2023-11-07

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2023-11-07

Overview: The dollar's sell-off last week was extreme and it recovered yesterday and through the European session today. The Australian dollar has been hit the hardest. It is off more than 1% today after the RBA lifted the cash rate by 25 bp (to 4.35%). Still, the US dollar's gains have stretched intraday momentum indicators, suggesting the upside correction may be nearly over. The greenback's moves appear to have been driven by interest rate...

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EURUSD Technical Analysis

2023-11-07

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Here's a quick technical analysis on the EURUSD pair with some fundamental background. For more visit ForexLive.com

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AUDUSD buyers run into a cluster of resistance. Seeing some corrective selling.

2023-11-06

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AUDUSD trades above and below 0.6500 after testing cluster of resistance between 0.6500 to 0.6521

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USDCAD rebounds helped by weaker Ivy PMI and higher US rates. What next?

2023-11-06

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The US rates are higher today and acting as a tail wind for the USD including the USDCAD. Having said that, there is work to do to give the buyers additional confidence after the sharp falls from last week.

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The USDCHF broke lower on Friday and moved below key 200 day and 100 bar MA on 4H chart.

2023-11-06

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Bearish break on Friday in the USDCHF below the 200 day MA at 0.9002 and the 100 bar MA on the 4-hour chart at 0.8997. Stay below is more bearish going forward.

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Kickstart your FX trading for November 6 with technical look at EURUSD, USDJPY and GBPUSD

2023-11-06

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In this morning video on November 6, 2023, I kickstart the Forex trading day with a technical look at the EURUSD, USDJPY and GBPUSD. What are the biases, the risks, the targets for those three major currency pairs?

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The Dollar Remains Mostly Softer but Near-Term Consolidation is Likely

2023-11-06

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2023-11-06

Overview: The US dollar, which was sold last week after the FOMC and soft employment report, remains on the defensive today. The Antipodean currencies and yen are struggling, but the other G10 currencies are firm. The dollar is also lower against most emerging market currencies. Still, given the magnitude of the dollar's pullback, we suspect some consolidation is likely.Asia Pacific equities rallied, helped by the sharp gains in the US before the...

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S&P 500 Technical Analysis

2023-11-06

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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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Week Ahead: Have the Markets Turned?

2023-11-04

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2023-11-04

An inflection point may have been reached last week. Despite, Chair Powell's insistence that the Fed did not adopt an easing bias and confirmed that there is still no talk of a cut, the market knows better. The implied yield of December 2024 Fed funds futures contract is about 4.45%, which is to say, the market is discounting not only the two cuts in the Fed's September projections, but a third cut, and the risk again (~60%), of a fourth cut. The...

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Apple stock long term price analysis, forecast & trading range

2023-11-04

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Dive into the depths of Apple stock's trading strategy with our latest 📈 analysis! Anchoring the mighty VWAP from the start of 2020, we're giving you the insider's edge on long-term trading ranges and price forecasting. 🌟 🔍 In this video, we break down the powerful Volume Weighted Average Price (VWAP) and its role in defining Apple's stock journey. Whether you're a seasoned trader or just starting out, understanding the VWAP's signals is crucial...

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Barring Upside Surprise on US Jobs, the Greenback Looks Vulnerable

2023-11-03

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2023-11-03

Overview: The US dollar has been confined to narrow ranges today as the market awaits the October employment report. Barring a significant upside surprise, we suspect the dollar is more likely extend this week's losses. The Dollar Index is off about 0.5% this week. Within the narrow ranges, it is sporting a slightly softer profile again nearly all the G10 currencies. It is also lower against most emerging market currencies, but tight ranges...

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USDJPY Technical Analysis

2023-11-03

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Here's a quick technical analysis on the USDJPY pair with some fundamental background. For more visit ForexLive.com

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Kickstart your FX trading for Nov 3, 2023. A technical look at EURUSD, USDJPY and GBPUSD.

2023-11-02

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Kickstart your FX trading for November 3, 2023 with technical look at EURUSD, USDJPY and GBPUSD

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Dollar Extends Losses Post-FOMC

2023-11-02

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2023-11-02

Overview: We suspect that if Martians read the FOMC statement, which was nearly identical to the September statement and listened to Chair Powell, they would conclude there was nothing new. Yet, the market habitually hears Powell as dovish and this has weighed on rates and the dollar, while lifting risk appetites. Follow-through selling of the greenback has dragged it lower against all the major currencies, with the Antipodean leading the way, and...

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S&P 500 Technical Analysis

2023-11-02

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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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AUDUSD buyers are making a play. What would keep the buyers in control now?

2023-11-02

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The AUDUSD is making a move above the 0.6400 ceiling.

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Kickstart your FX trading for Nov 2, 2023. A technical look at EURUSD, USDJPY and GBPUSD.

2023-11-01

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Kickstart your FX trading for November 2, 2023 with technical look at EURUSD, USDJPY and GBPUSD

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