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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Kickstart your trading day: A technical look at the EURUSD, USDJPY and GBPUSD for September 22

2023-09-22

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What are the technical saying for the 3 major currency pairs including the EURUSD, USDJPY and GBPUSD?

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Yen Drops After BOJ Does Nothing and Says Little

2023-09-22

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2023-09-22

Overview:  The BOJ's failure to do anything or further ideas that an exit of the negative target rate, despite the firm CPI report helped the dollar recover the ground lost yesterday against the yen. The focus has returned to "intervention watch" and the market continues to press for the official pain threshold. Sterling is the weakest of the G10 currencies, off another 0.5% today following the BOE's decision not to hike yesterday. The...

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NZDUSD corrects higher off lower swing area today and test 4-hour MA levels

2023-09-21

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The 4-hour MAs in the NZDUSD come in at 0.5919 for the 100 or moving average and 0.5943 for the 200 bar moving average

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AUDUSD bias shifts to the downside on the move below MAs on 4-hour chart. What next?

2023-09-21

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The AUDUSD has been trading in an up and down range over the last 6 or so trading weeks.

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USDCAD runs higher breaking above its 200 day moving average in the process. What next?

2023-09-21

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The 100 hour moving average comes in at 1.3476. The 200 day moving average comes in at 1.3461. Staying above those levels is key for buyers now.

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The EURUSD technical projection on a rebound

2023-09-21

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The morning kickstart video, outlined the trade to the upside for the EURUSD today.

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USDCHF trades above its 200 day MA for the 1st time since November 2022

2023-09-21

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The USDCHF 200 day moving average is currently at 0.90346. Key barometer for both buyers and sellers today (and going forward).

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Kickstart your forex trading with a technical look at the EURUSD, USDJPY and GBPUSD

2023-09-21

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The kickstart video for September 21, 2023

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Higher for Longer Lifts the Dollar, while SNB Surprises Many by Standing Pat–Over to the BOE

2023-09-21

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2023-09-21

Overview: The Federal Reserve's hawkish hold, which included 50 bp less of cuts next year than it had signaled in June, has lifted the dollar against most currencies today. The notable exception is the Japanese yen. The greenback did extend its advance to new highs for the year before the market turned cautious ahead of the outcome of the Bank of Japan meeting tomorrow. The Swiss franc is the weakest of the G10 currencies after the Swiss National...

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S&P 500 Technical Analysis

2023-09-21

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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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Exxon Mobil is setting for the breakout | Market Outlook with Exness

2023-09-20

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In this week's Market Outlook with Exness, we take a look at Exxon Mobil, amid the strength of Crude oil and increasing bullish sentiment for energy assets. Technically, it might break the 119.50 level: should this happen, bullish momentum can accelerate. The main event in focus: FED's decision and a press conference of Jerome Powell.

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AUDUSD is the biggest mover today with a gain of 0.74%. What are the technicals saying pre-FOMC?

2023-09-20

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As the clock ticks toward the FOMC rate decision, the AUDUSD is the biggest mover with a gain of 0.74%. What are the technicals saying ahead of the big decision.

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USDCHF moves lower after ceiling area stalls the rally this week. Key support approached.

2023-09-20

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The USDCHF tests the 200-hour MA at 0.89426 ahead of the FOMC rate decision today. The Federal Reserve is expected to keep rates unchanged. Also in play Is the Swiss National Bank. They are expected to raise rates by 25 basis points tomorrow.

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USDCAD stalls at the 200 day MA today. Now works back down toward 100 day MA.

2023-09-20

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The USDCAD is following the USD lower ahead of the FOMC rate decision

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Kickstart your forex trading day with a technical look at the EURUSD, USDJPY and GBPUSD

2023-09-20

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The FOMC rate decision at 2 PM will have a say in the price action. In this video, I take a technical look at the 3 major currency pairs - the EURUSD, USDJPY and the GBPUSD - and outline the levels that should tilt the technical bias more to the upside (bullish) or more to the downside.

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Softer UK CPI Weighs on Sterling and Lifts Gilts, while Yen Slumps to New Low for the Year, Ahead of the FOMC

2023-09-20

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2023-09-20

Overview: Softer than expected UK CPI has drawn attention ahead of the key event of the day, the FOMC meeting. The UK's CPI has spurred a dramatic rally in Gilts and saw sterling initially extend its recent losses, falling to new four-month lows before stabilizing. The swaps market sees less than a 50% chance of a hike by the Bank of England tomorrow. Meanwhile, even though US Treasury Secretary Yellen suggested conditions in which intervention by...

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WTI Crude Oil Technical Analysis

2023-09-20

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

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The EURUSD is centering itself between hourly MA levels. Fed decision 24 hour away.

2023-09-19

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The FOMC is expected to keep rates unchanged. What are the key levels in the EURUSD that would shift the bias more bullish or more bearish given a more dovish or hawkish tilt in the Fed's decision.

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USDCAD corrects into intraday resistance near 1.34306. Will the sellers enter?

2023-09-19

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The USDCAD price is back above the 100-day moving average and 50% midpoint. However, intraday resistance is at 1.3431. ?

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The AUDUSD tests the high from last week, but finds willing sellers

2023-09-19

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The high from last week at 0.64729 stalled the rally today. The price has rotated lower to a swing area between 0.64536 and 0.64607.

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