Category Archive: 4) FX Trends
August 21, 2023: Kickstart your trading day with a look at the EURUSD, USDJPY and GBPUSD
The EURUSD, GBPUSD and USDJPY are all higher to start the trading day. What next? Watch the video and be sure to "like" and "subscribe"
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China Surprises While the Dollar Begins Week Softer
Overview: The new week, which features the BRICS
meeting and the Jackson Hold symposium is off to a quiet start. The failure of
Chinese banks to pass through last week's 15 bp cut fully into the lending
prime rates was a major disappointment and it is not yet clear the logic. While
the yuan and yen are softer, as are more local Asian currencies, while most of
the G10 currencies are posting small gains against the greenback. Gold is
trading little...
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Russell 2000 Technical Analysis
Here's a quick technical analysis on the Russell 2000 with some fundamental background.
For more visit ForexLive.com
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Week Ahead: Yen’s Recovery Ahead of the Weekend may Give the Yuan a Reprieve or Be Ready for BRICS to Disappoint High Hopes for a Dollar Alternative
There seem to be three large
forces shaping the investment climate. First is the resilience of the US
economy, with four consecutive quarters of above trend growth. It appears that the US economy may be expanding faster than the 2.4% annualized pace seen in Q2. Many of the
largest naysayers have capitulated. Second, the monetary tightening cycle is
widely seen as almost over, and many are beginning to fine tune forecasts for
the first cut by the...
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Don’t discount technicals when analyzing Bitcoin. A look at the technicals driving BTC/USD.
The price of bitcoin tumbled below the 100 and 200 day MAs and is finding support at the 38.2% retracement.
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USDCHF chopped higher in trading this week. What next going into the new trading week?
The USDCHF has chopped higher this week, but is testing a swing area high near 0.88193. Get and stay above would be more bullish for the pair as we head toward the new trading week.
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The USDCAD finds seller’s near retracement target. Will the sellers take charge now?
The USDCAD tested the 61.8% retracement of the 2023 trading range and stalled the rally today. Will sellers lean and start a corrective move lower now?
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Nasdaq moving toward key MA support and swing area support. Will the buyers show up?
The Nasdaw index is moving toward oversold from RSI perspective but be careful as trending markets are fast, directional, and can go farther than traders expect,. So leaning against levels is key.
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Kickstart your forex trading day for Aug 18:A technical look at the EURUSD, USDJPY, GBPUSD
The USD is moving higher. EURUSD trades to lowest level since July 6. USDJPY is testing its 100 hour moving average. GBPUSD is trading back below its 100/200 hour moving averages
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Dollar Bulls Still in Control
Overview: What may have been hoped to be a quiet
August has turned into a feeding frenzy for dollar bulls as the contrasting
economic performance has spurred persistent buying of the greenback. Even
shallow dips have been bought. Today, it is mostly trading inside yesterday's ranges
against the G10 currencies. The PBOC set the dollar's reference rate at what
appears to be a record gap below the Bloomberg average survey, and the dollar
was scooped...
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EURUSD Technical Analysis
Here's a quick technical analysis on the EURUSD with some fundamental background.
For more visit ForexLive.com
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USDCHF trades in a sloppy up and down trading range, but there is a key area to eye.
The USDCHF has been trading up and down but the buyers are holding a small advantage above 100/200 bar MA on the 4 hour chart
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USDCAD corrects lower on day, but there is work to do for sellers to take more control.
Join us as we delve into the intricacies of the USDCAD currency pair, focusing on the pivotal 100 hour moving average situated at 1.34819. Discover why this critical level holds the key to understanding market sentiment and potential price movements.
In this insightful analysis, we unravel the significance of the 100 hour MA and explore its implications for traders seeking to make informed decisions in the dynamic world of forex trading.
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Both the AUDUSD and NZDUSD found support buyers on the break to new 2023 lows today
Trend line and retracement/swing area support levels held support at lows in the AUDUSD and the NZDUSD pairs today
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Kickstart your trading day with a look at the EURUSD, USDJPY and GBPUSD
In today's forex analysis, we delve into the dynamic movements of the EURUSD, USDJPY, and GBPUSD currency pairs. The EURUSD makes a move towards testing the 100-hour Moving Average, then retraces – a pivotal juncture that calls for a closer look. Meanwhile, the USDJPY's impressive 8-day winning streak faces uncertainty, and the GBPUSD finds a base at the 100-hour Moving Average, shaping today's trading landscape.
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Aussie Recovers from Poor Jobs Data, but Nokkie is Weaker Despite Rate Hike
Overview: Encouraged by the continued stream of US data, which
suggests that the world's largest economy is accelerating, the US 10-year yield
is approaching last year's 4.33% high, and the dollar's run has lifted it to
new highs for the year against the Japanese yen, Chinese yuan, and the
Australian and New Zealand dollars. Even a rate hike by Norway did not stop the
dollar from rising against the krone. The greenback is firmer against most of
the...
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