Sellers force their way below the swing area at 1.0795 and 1.0803 and stay below. Key risk level now and going forward. |
You Might Also Like
2024-03-21
The 100-day MA in the GBPUSD at 1.2625 and the 200-day MA at 1.2593 are the next key targets
2024-03-20
A technical look at the NZDUSD as we head toward the US Fed decision at 2 PM ET. What levels are in play? What would shift the bias back to the upside? What key targets loom on more downside momentum today?
2024-01-09
The NZDUSD buyers and sellers are unsure of the next move and that is being reflective in the technicals for the pair.
2024-01-05
The buyers tested the 50% midpoint in the USDCHF, but found willing sellers. The price has now reversed and is now below the 100/200 hour MA. That tilts the technical bias to the downside once again.
2024-01-04
Get a jumpstart in FX trading on Jan 4th with expert analysis on EURUSD, USDJPY, and GBPUSD. Discover key levels and trends to capitalize on the market’s latest movements.
2024-01-03
#usdjpy #forex #technicalanalysis
In this video you can 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:
📈 Fundamental overview for both the USD and the JPY.
📊 Technical Analysis with multiple timeframes.
✅ Optimal Entry points.
📆 Upcoming economic data.
———————————————————————-
Website: https://www.forexlive.com/
Twitter: https://twitter.com/ForexLive
Facebook: https://www.facebook.com/forexlive/
Telegram: https://t.me/forexlive
#trading #finance #investing
2024-01-02
The sellers in the EURUSD today, took the price back to the midpoint of the range since the 2020 high at 1.0942 (the low reached 1.0940). The buyers leaned against that level and bounced the price modestly to 1.0967. Since then the price is trading up and down withing the 27 pips range.
Given the sharp move lower today, and modest correction, I am inclined to keep the short term tilt to the downside. However, the price needs to get and stay below the 1.0942 level and then the 50% of the move up from the December 2023 low. That level comes in at 1.0931. Near that level is a number of swing lows and highs going back to mid-December.
For a full technical look at the EURUSD pair, watch the quick look videa.
Tags: Featured,newsletter
1 ping