Category Archive: 4) FX Trends
Kickstart the FX trading day for Oct 21 w/ a technical look at the EURUSD, USDJPY & GBPUSD
The USD buyers are trying to exert their control on the 3 major currency pairs to start the trading week.
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The Dollar and Gold Firm
Overview: The US dollar is firm to start the new week. The Japanese yen and Australian dollar are the heaviest with in the G10 (~0.30%). The euro and sterling are trading heavier but inside the pre-weekend range. The market anticipates the Bank of Canada to deliver a 50 bp rate cut in the middle of the week, and the Canadian dollar is threatening to extend its losses for the fourth consecutive week. China's prime lending rates were cut by 25 bp,...
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USDJPY Technical Analysis – Lack of catalysts keeps the trend intact
#usdjpy #forex #technicalanalysis
In this video you will learn about the latest fundamental developments for the USDJPY pair. You will also find technical analysis across different timeframes for a better overall outlook on the market.
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Topics covered in the video:
0:00 Fundamental Outlook.
0:40 Technical Analysis with Optimal Entries.
1:58 Upcoming Catalysts....
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Week Ahead: Is the Closeness of the US Election a Source of Dollar Demand?
The dollar rose against all the G10 currencies last week, but it was not because of higher US rates. In fact, the 10-year US Treasury yield fell for the first time in five weeks. The two-year yield did not rise for the first time in three weeks. Rather than an increase in US rates, several other countries' rates fell. The result was that the US 2-year premium over Germany rose for the fourth consecutive week and is now the most since June. The US...
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The NZDUSD this week extended to a new low into swing area support, and bounced modestly.
What can traders look to technically as the week comes to an end and traders prepare for the new week
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USDCAD buyers remain in control. Bank of Canada rate decision next week
The USDCAD is trading in the middle of the week's trading range but above some short term support levels.
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What are the technicals driving the USDCHF and the EURCHF for October 18?
The USDCHF remains above a key retracement. For the EURCHF it bounced off a trend line target yesterday after the ECB rate cut. What next for both?
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Gold Technical Analysis – Yet another all-time high
#gold #xauusd #technicalanalysis
In this video you will learn about the latest fundamental developments for Gold. You will also find technical analysis across different timeframes for a better overall outlook on the market.
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Topics covered in the video:
0:00 Fundamental Outlook.
0:47 Technical Analysis with Optimal Entries....
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The EURUSD on the hourly chart gives a clearer view of the risk/bias changing levels
The 100-hour MA is moving lower and closer to the broken 200-day MA. Tomorrow it should move below that key daily MA, making both of those MAs key risk-defining targets going forward.
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USDCAD bounces off retracement support. Can the buying continue toward the highs now?
After the biggest correction after 9 days of gains, the USDCAD found support at the broken 61.8%
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The USDCHF keeps it bullish bias, but the EURCHF moves lower. What next for each?
USDCHF remains above its 38.2% retracement. EURCHF moves away from MA resistance and toward key trend line support.
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USDJPY Technical Analysis – Lack of bearish catalysts keeps the USD supported
#usdjpy #forex #technicalanalysis
In this video you will learn about the latest fundamental developments for the USDJPY pair. You will also find technical analysis across different timeframes for a better overall outlook on the market.
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Topics covered in the video:
0:00 Fundamental Outlook.
0:54 Technical Analysis with Optimal Entries.
2:07 Upcoming Catalysts....
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How the US Election Could Impact Your Euro Trades
As the 2024 US presidential election approaches, investors worldwide are closely monitoring potential ramifications on global markets, including the euro. The outcome of this election could significantly influence currency fluctuations, trade policies, and international relations as Republican candidate Donald Trump seeks to regain the White House from the Democratic party – which has nominated …
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AUDUSD breaks and moves away from key 100-day MA. Sellers in control. What next?
The 100-day MA at 0.6694 is now a close risk level for sellers looking for more downside momentum
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USDCHF is stretching above and away from the 38.2% of the move down from July high
Staying above the 38.2% at 0.8631 and a swing area down to 0.86078 is keeping the buyers in play and control at least in the short term.
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