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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AUDUSD lower on the day and back below its 200 hour moving average for the 2nd time today

2023-07-19

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The AUDUSD is facing selling pressure and has slipped below its 200-hour moving average at 0.67674 for the second time today. Sellers are making their presence felt, and if the pair remains below the 200-hour MA, it could signal that the sellers have gained more control over the short-term direction. Join us as we analyze the technical indicators and market dynamics to understand the potential implications for the AUDUSD.

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EURUSD cracks lower and looks toward support near 1.1184.

2023-07-19

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The EURUSD is experiencing a downward move, breaking below its 100-hour moving average and heading towards support near 1.1184. Traders are closely monitoring this key support level, as a break below could further increase the bearish bias in the short term.

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The USDCHF support and resistance are squeezing closer and closer together

2023-07-19

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The USDCHF is experiencing a tightening range as support and resistance levels draw closer together. Currently, the 100-hour moving average at 0.8593 is capping the pair's upward movements today. To regain control, the buyers must break above this key moving average and maintain their position above it.

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The USDJPY moves higher helped by BOJ Ueda comments, but technically speaking there are some issues

2023-07-19

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The USDJPY experienced a boost following comments from BOJ's Ueda, which pushed the pair above its 200-hour moving average. However, the excitement was short-lived as the currency pair saw a subsequent rotation back below this key technical barometer, posing a challenge for buyers. Join us as we delve into the technical analysis, examining the implications of the recent price action and discussing potential hurdles the USDJPY may face in the near...

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The GBPUSD is sharply lower after lower CPI in the UK. Sellers take more control

2023-07-19

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The GBPUSD experienced a sharp decline following lower-than-expected UK CPI data, causing sellers to take a stronger grip on the market. Despite recent gains and reaching its highest levels since April 2022, the currency pair has shifted its short to intermediate-term bias back to the downside. Traders are now eagerly awaiting to see what lies ahead for the GBPUSD.

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Taking Some Time Off

2023-07-19

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2023-07-19

Taking some time off for the next few days.  Will return with the August monthly outlook on July 29 and daily commentary on July 31.  Good luck to everyone.

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The EURJPY traders are battling it out between MA levels. The intermediate trend at stake

2023-07-18

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The 100 bar MA on the 4-hour chart is above at 156.298. The 200 bar MA on the 4-hour chart is below at 154.24.

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NZDUSD trades lower ahead of key CPI data in the new trading day.

2023-07-18

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Close resistance in the NZDUSD below 0.63055

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The USDCHF sellers remain in control from longer and shorter term perspective. Here’s why.

2023-07-18

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The price broke to the lowest level since 2015 in the long-term. Bearish. The price remains below its falling 100 hour moving average in the short term. Bearish.

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AUDUSD consolidates with technical levels defining the up and down range.

2023-07-18

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The AUDUSD finds support ahead of the 38.2% of move up from the July 6 low at 0.67814. Resistance near the 100-hour MA at 0.68305..

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USDJPY consolidates but below the 100 hour MA at 138.457

2023-07-18

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USDJPY consolidates but below the 100 hour MA at 138.457. Getting and staying above its 100 hour moving average is key for the USDJPY if the buyers are to take more control

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GBPUSD consolidates and tests the 100 hour MA at 1.3072 area. Key technical barometer.

2023-07-18

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The GBPUSD tested and held the 100 hour MA at 1.30729. That MA will be a key technical level today and a key barometer for buyers and sellers in the short term. Stay above is more bullish. Move below is more bearish.

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EURUSD consolidates after reaching a key retracement target. What next?

2023-07-18

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The EURUSD reaches its S 61.8% retracement of its trading range since 2021

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Bond Rally Continues, Greenback Consolidates with Softer Bias

2023-07-18

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2023-07-18

Overview: The main development in the capital markets is the decline in yields. In Europe, benchmark 10-year yields are off 7-11 bp today, extending the move that began last week. The 10-year Germany Bund yield peaked last Thursday near 2.68% and is near 2.40% now. Similarly, the 10-year Italian yield has fallen from 4.42% to below 4.05% today. The 10-year US Treasury yield fell in five of the last six sessions and is off almost five basis points...

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USDCAD rotates back below the 100 hour MA tilting the bias back to the downside. Bearish.

2023-07-17

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The USDCAD has rotated back below the 100-hour MA tilting the bias back to the downside. Bearish. The USDCAD 100 hour MA is at 1.3184 area. That is a key barometer going forward.

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AUDUSD has a unique symmetry on the hourly chart. Want to know what it looks like?

2023-07-17

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The AUDUSD broke 100 hour MA but retracement levels could not be broken

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The GBPUSD corrects to the downside. The rising 100 hour MA is catching up to the price.

2023-07-17

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Join us as we analyze the recent correction in GBPUSD, which has moved to the downside. The rising 100-hour moving average (MA) is now catching up to the price, providing a significant level to monitor. In this video, we discuss the implications of the correction, highlight the importance of the rising 100-hour MA at 1.30357, and explore whether the price can potentially move towards this key level.

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EURUSD is stuck in the mud. A 35-pip trading range begs for a range extension. ForexLive Video

2023-07-17

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In this ForexLive video, we delve into the current trading dynamics of the EURUSD pair, which has been stuck in a tight 35-pip trading range. Despite recently reaching a new high not seen since February 2022, the pair's lack of significant movement begs the question of whether a range extension is imminent. Join us as we analyze the potential scenarios for the pair, discuss key technical levels to watch, and provide insights into possible trading...

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USDJPY rebounds to 100 hour MA and swing area. Shows some signs of buying interest.

2023-07-17

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Join us as we analyze the recent price action of USDJPY, which has rebounded and is currently testing the key 100-hour moving average (MA) at 138.83. Additionally, the swing area up to 139.00 is identified as the next target for the pair. In this video, we discuss the potential implications of this rebound, highlight the importance of the 100-hour MA, and provide insights into potential buying interest in USDJPY.

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Euro Edges Higher

2023-07-17

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2023-07-17

Overview:  The US dollar has mostly steadied at the start of the week after last week's sharp losses. The yen, euro, and Swiss franc are enjoying a firmer tone, but only the euro has thus far extended last week's gains, and then, only marginally. Uninspiring data from China pressed the yuan lower, while the firm euro is helping the central European currencies. A typhoon shut Hong Kong markets and Japan's markets were closed for a national holiday....

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