The price of the EURUSD has moved back to the 200 day MA at 1.0840 after a run to the upside could not reach the 100 bar MA on the 4-hour at 1.0892. |
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2023-12-12
After falling below a crucial floor, the USDCAD bounced back and crossed several moving averages. The 100-day moving average now acts as support, while a swing area and the 38.2% retracement level pose as resistance.
2023-12-08
Here’s a quick technical analysis on USDCAD with some fundamental background.
For more visit ForexLive.com
2023-12-07
The AUDUSD has found support at a key swing target and is now seeing a bounce back, but faces resistance from moving averages. Buyers are making a play, but caution is advised with upcoming jobs report.
2023-12-06
Here’s a quick technical analysis on WTI Crude Oil with some fundamental background.
For more visit ForexLive.com
2023-12-05
Embark on a comprehensive journey into the world of technical analysis with our latest video, focused on capturing the burgeoning opportunities in the rebounding Chinese stock market. Centered around the MCHI ETF, a key instrument for tapping into China’s vast equity market, this video is a treasure trove for investors and traders aiming to leverage the immense potential of one of the world’s foremost economies.
As we navigate through the landscape of the MCHI ETF, starting from the dawn of the decade, our focus is on demystifying complex technical analysis concepts. We dive deep into the Volume-Weighted Average Price (VWAP) and Volume Profile indicators, essential tools in the arsenal of technical analysis. These ‘maps’ not only illustrate the historical journey of the ETF but also
2023-11-29
The USDJPY fell below the 100-day moving average for the first time since April 2023, reaching 146.66. Buyers returned as the price rose above the moving average, but breaking the 148.000 level is essential for a bullish trend.
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