| The following shows a speculative and unconfirmed channel, since confirmed onces must have at least 2 touch points on each lower and top band of the channel. However, this is one method of ANTICIPATING the next junction to watch, assuming other traders and algos will be looking at that possible touch point and channel and it is created, if it will be created. Till now and since our last call, via the comments are on ForexLive.com (do follow the comments on each post, as they may introduce interesting price action developments and technical setups), the market is still bullish. Will it lose steam soon? Watch the video and look at what happens on the next junction, as well as follow https://www.forexlive.com/technical-analysis |
You Might Also Like
The USD is moving lower today extending that move in early NY trading
2022-10-17
A look at the EURUSD, GBPUSD, USDJPY and USDCHF to start the NY trading week.
The USD is trading to new session lows to start the US trading session. US stocks are higher and rebounding off of the sharp declines on Friday. Yields are lower.
EURUSD: The EURUSD is moving above its 200 hour moving average for the 2nd time today. Buyers are making a play. Risk is a break back below the 200 hour moving average
GBPUSD: The GBPOUSD moved away from its 200 100 hour moving averages in the early Asian session and are extending the range in the early US session. Buyers are cheering on the lower yields in the UK.
USDJPY: The USDJPY did make new multi decade highs on 2 separate attempts today (above the Friday high). Each of those breaks had limited momentum. The prices back down testing
A number of major indices are testing key MA resistance/support level
2022-10-11
Dollar selling pushes pairs toward key 100/200 hour MAs.
There are a number of key currency pairs vs the US testing their 100/200 hour MAs as dollar selling pushes prices back toward those levels.
If the price can continue through the MAs, the bias would shift in the short/medium term. Conversely, if the MAs can not be broken, the dollar remains the dominant bias for each of the pairs.
The EURUSD, GBPUSD, USDCHF, USDCAD and NZDUSD have all moved close to the levels
October 3, 2022: A review of the major technical levels in play for the major currency pair and why.
2022-10-03
0.40 – EURUSD – The EURUSD has moved away from the overhead resistance near the 50% midpoint of the move down from the October higher and rotates back toward the 200 and 100 hour MA barometers on the downside.
Tags: Featured,newsletter
