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.

USDJPY stays within the technical range. What next?

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

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

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

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

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

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.

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.

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

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

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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USDJPY Technical Analysis

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

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NZDUSD is lower on day, but moves toward an equilibrium level defined by 100/200 bar MA

The NZDUSD is approaching its100/200 bar MAs on the 4-hour chart at 0.5935. Key barometer for the pair going forward.

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EURUSD moves to key swing area and finds dip buyers (again).

A key swing area in the EURUSD comes in between 1.0483 up to 1.0533. The price low today has reached 1.0491, just above the lows from last week at 1.0487 and the low of the swing area. The price has bounced marginally higher. What next? This video outlines the technical levels in play today and going forward.

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USDCHF makes a break for it. Trades back above 100 hour MA tilting bias back to the upside.

The USDCHF is being pushed higher up by rising yields in the US today. The move to the upside has now taken the price above the 100 hour MA at 0.91609. That level is now close risk. Stay above is more bullish.

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USDCAD runs up for the 2nd consecutive day. Looks to test swing area resistance.

The USDCAD looks to test the swing area between 1.3667 and 1.37042

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Kickstart your FX trading on October 2 with a technical look at EURUSD, USDJPY and GBPUSD

What technicals are driving the markets in the EURUSD, USDJPY and GBPUSD to start your October 2, 2023 day.

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US Yields and Dollar Rise After US Government Closure Averted

Overview: The US avoided a government shutdown, barely, and this eased one of the headwinds that were anticipated. In turn, this is spurring new gains in US interest rates and helping underpin the dollar at the start of the new quarter. The 10-year Treasury is holding above 4.60% and nearing last week's high (4.68%). The two-year yield gapped higher and is near 5.10%. The high from September 21 was almost 5.20%. The Swiss franc is the only G10...

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S&P 500 Technical Analysis

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

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October 2023 Monthly

There are four large macro forces shape the investment and business climate here at the start of the last quarter of the year. First, the US economic outperformance has been stark. This has helped underpin US rates and bolsters the dollar. The divergence is likely to narrow in coming months as US growth slows rather than stronger growth prospects in other high-income countries. Second, Beijing has taken numerous measures, which although stopping...

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NZDUSD: What technical levels are in play for the week starting October 2, 2023.

In this video, I take a look at the NZDUSD and outlines the key technical levels in play heading into the new trading week starting October 2, 2023.

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