AUDUSD trades to the lowest level since November and below a key swing area

2023-05-12

The EURUSD is trading to new session lows as a selling/bearish bias increases. In trading this week, the pair broke outside of a 4 – 5 week trading range. What was key was a corrective high back to that breakout level, and found willing sellers. That gave sellers the go-ahead to push lower. What next from a trading perspective?  What’s the next key target? What’s the close risk? Selling levels if the USD is to stay strong?

2023-05-10

Discover the recent sharp rise in EURUSD after the release of US CPI data. Stocks are up, and yields are lower. Watch as we analyze the pair’s testing of the 100/200-hour moving averages (1.1003 – 1.1008) and the significant 50% retracement level (1.10157) from last week’s high. Breaking above these levels indicates a more bullish outlook.

Stay tuned for a concise technical analysis of EURUSD, uncovering key levels and insights.

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2023-05-08

The USDJPY traders are battling it out with hourly moving averages stalling the move higher, and the 100 bar moving average on the 4 hour chart, providing support.  A key swing area on the 4 hour chart is also a key resistance area that would need to be broken to increase a bullish bias.

2023-04-28

The USDJPY soared in trading today as new BOJ head Ueda signaled no change in policy.  That has the USDJPY moving toward its 200 day MA at 137.00 area. 

The EURUSD moved below the 200 hour MA and trend line, but stalled near the week lows (Tuesday’s low). Stay below 200 hour MA keeps the sellers more in control today  A move back above, not so bearish.

GBPUSD is trying to break above a swing area. Prior breaks this week failed fairly quickly. Can the break be maintained today?

2023-02-12

Get ahead of the game with this comprehensive weekend forex technical report. We take a deep dive into the technicals driving all the major currency pairs vs the USD, including EURUSD, USDJPY, GBPUSD, USDCHF, USDCAD, AUDUSD, and NZDUSD.

Get insights into key levels, trendlines, and other technical indicators to inform your trading decisions.

2023-02-07

In this video, we’ll be discussing the latest updates on USDJPY, EURUSD, and GBPUSD.

The USD has been on a 4-day winning streak, but the JPY is lower as technical resistance was reached. The EURUSD is falling below a key support level and the GBPUSD is close to its 200-day moving average. Join us as we analyze the markets and see what traders should watch for in the coming days.

2022-12-04

Setting up a short swing trade for a 3 to 1 short on CL1 (light crude oil futures). Trade oil at your own risk and visit ForexLive.com for additional perspectives.

2022-12-01

When someone on TV or anywhere else, talks positively about a stock, then that person should know to answer what the company does. If you do not get an answer, that is a sign that we might have reached ridiculous times. Remember that for next time. It might be, and will probably be, a different type of ‘ridiculous’ but it will be ridiculous when the herd is greedy, and a sign for you to be fearful.

Technical analysis is your friend in such situations and this video shows some of the hints to look for. Most of them are very simple so do look for them in the future.