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.

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

The USDJPY fell sharply earlier in the day and stalled at a cluster of support defined by the 200 hour MA and 50% retracement. What next? Find out in this video analysis.

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

The EURUSD is closing the trading week below the 200 hour MA and a cluster of resistance near 1.0610, but above the 100 hour MA at 1.05614. Those levels will be the barometers for buyers and sellers in the new trading week. Watch the video to prepare for the new trading week starting October 2, 2023.

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USDCAD snaps back higher and in the process is retesting 100/200 bar MA on 4-hour chart

The USDCADs 100/200 bar MAs on the 4-hour chart stalled the rally earlier this week. They are now being tested on a sharp run higher in the pair today.

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GBPUSD moves back down to test the 100 hour MA. Will buyers come in?

The GBPUSD buyers took the price above the 200 hour MA today for the 1st time since September 1, but failed. The rotation lower, sent the pair to retest its 100 hour moving average. That MA stalled the fall. What now?

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AUDUSD technical bias shifts to the upside today, but work to do to get outside “Red Box”

This week the sellers had their shot, but failed. Buyers took back control. In this video, I take a look at what needs to be done to take back more control for the buyers and break out to the upside.

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Kickstart your FX trading on September 29 w/ a technical look at EURUSD, USDJPY and GBPUSD

What technicals are driving the markets in the EURUSD, USDJPY and GBPUSD to start your Tuesday September 29 trading.

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Dollar Sets Back into Month- and Quarter-End Ahead of likely US Government Shutdown

Overview: The dollar's surge stalled yesterday, and follow-through selling has pressed it lower against all the G10 currencies today. The dollar-bloc and Scandis are leading the move. Month-end, quarter-end pressures, coupled with a likely partial shutdown of the government beginning Monday, and after key chart levels were approached or violated earlier this week, serving as a bit a cathartic event. The Swiss franc snapped a 12-day losing streak...

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USDJPY Technical Analysis

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

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Want to learn a little about “leaning” in your trading? In this video, I break it down.

The AUDJPY has some stout levels that traders have been "leaning" against. What does that look like?

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Is that the neckline of a head and shoulders being broken? It looks that way.

The EURCAD is breaking lower today and in the process is cracking below the neckline of a head and shoulder formation. Take a look and see for yourself. A technical look at the EURCAD

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USDCHF corrects lower after September run higher. Pair tests 100 hour MA

The USDCHF has been a bullish run in the month of September, but is retracing today. The 100 hour MA at 0.9142 is the next target on the downside.

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A technical look at the broader Nasdaq and S&P index, and follow up look at NVIDIA too

What are the technicals telling us in the broader stock indices and Nvidia

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