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.

USDCHF Technicals: The USDCHF moves to new lows for the day.

Switzerland says they are close to a trade/tariff deal with the US that would lower the tariff rate to 15% from 39% currently

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EURUSD Technicals: EURUSD erases earlier gains and retraces to MA support

The 100 hour MA /38.2% retracement/swing area stalls the fall in the EURUSD. Can the buyers stall the fall and push back higher?

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AUDUSD Technicals: AUDUSD moves higher helped by risk-on sentiment

Technicals and hopes for better trade relations with the US are helping to support the AUDUSD but the 100 day MA is a key upside resistance target.

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USDCAD Technicals: The USDCAD continues the move to the downside and tests 1.4000 support

The low for the day stalled at the 1.4000 not once, but twice. Key level for buyers and sellers today.

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The USD is mixed vs the EURUSD, USDJPY and GBPUSD to start the NA new trading week

What are the technicals saying along with a review of some of the fundamentals influencing the major currencies vs the USD.?

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Deal to Re-Open the US Government Helps Boost Risk Appetites

Overview: The prospect that the longest US government shutdown in history may end in the next few days has bolstered risk appetites, driven equities broadly higher and left the dollar non-plussed. The greenback is mixed against the G10 currencies. The Japanese yen, which appears have been dragged lower by the jump in US rates. The …

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USDJPY Technical Analysis: Awaiting new catalysts ahead of the key 155.00 handle

#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. ---------------------------------------------------------------------- Topics covered in the video: 0:00 Fundamental Overview 1:23 Technical Analysis with Optimal Entries 2:21 Upcoming Catalysts...

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Week Ahead: Dollar Recovery Getting Tired

The markets were not impressed with the ADP private sector jobs estimate. Although it increased for the first time since July, the average over the three months through October was 3.3k, the weakest since August 2020. The Dollar Index snapped a five-day advance after the mid-week report and will begin the new week with a … Continue...

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AUDUSD Technicals: The AUDUSD risk-off trade is not working today.

The AUDUSD price action is diverging from the risk-off/risk-on flows from earlier this week

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Broader US stocks indices make a break below a key MA level for the first time since May

The S&P and the Nasdaq indices each break below the 50 day MAs

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EURUSD Technicals:The buying in the EURUSD pushed to the next target and stalled the rally

The EURUSD started the US session with the price higher and just above the broken 200 hour MA near 1.15525. Buyers on the dip in the early trading, defended that level and that has led to increased upside momentum with new highs for the week. The price has also moved to the next key target area defined by the 61.8% and the high of a swing area at 1.1591 where sellers leaned. In the video, I take a look at the technicals in play and look to...

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USDCAD Technicals.The USDCAD moves lower after stronger jobs data but bounces. What next?

The Canadian jobs data was stronger that expectations and that sent the USDCAD to new lows going back to Tuesday's trade, but bounced higher. The October high from October 14 at 1.4079 was broken in the process and is now close resistance for traders looking for more downside momentum. Below that a swing area between 1.4060 to 1.4066 would be downside targets that if broken

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The USD is mixed to start the NA session. What are the key technical levels in play?

In the kickstart video for the NA session on November 7, I take a look at the 3 major currencies - the EURUSD, USDJPY and GBPUSD. What is the bias for traders, the next targets and the risk?

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Gold Technical Analysis: Stuck in a consolidation awaiting new catalysts

#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. ---------------------------------------------------------------------- Topics covered in the video: 0:00 Fundamental Overview. 1:02 Technical Analysis with Optimal Entries. 2:17 Upcoming Catalysts....

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EURUSD technicals: The EURUSD continues it’s trend to the upside, and moves above targets

Extends above the 100 hour MA and more recently the 38.2% retracement. The falling 200 hour MA and 50% retracement are now targets.

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AUDUSD Technicals: The AUDUSD moved higher yesterday & extended higher but into resistance

The AUDUSD buyers turned to sellers once the price reached the 100 hour MA target. The price is now trading lower and testing recent lows.

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USDCAD Technicals: Sellers come up short of target on the corrective move lower.

The price of the USDCAD is up 6 consecutive days. The price is now unchanged after selling momentum stalls ahead of targeted levels.

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USDCHF Technicals. The USDCHF is lower today as sellers take profit w/ support now tested

The USDCHF is back down testing a swing area between 0.8071 and 0.8076 along with the 100 hour MA (at 0.8079). Which way will the bias turn at this area?

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The BOE announced a dovish unchanged (5-4 vote to cut). The USD is lower vs. the majors.

The BOE voted to keep rated unchanged but only by a 5-4 votes (with dissenters voting to cut). The GBPUSD is still higher but off highs. The EURUSD is higher (lower USD) and the USDJPY is lower with each moving through technical levels tilting the bias in the dollar selling direction.

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USDJPY Technical Analysis: The US dollar strength runs out of steam

#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. ---------------------------------------------------------------------- Topics covered in the video: 0:00 Fundamental Overview 1:45 Technical Analysis with Optimal Entries 2:59 Upcoming Catalysts...

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