AUDUSD falls back below the 200 day MA
2023-05-11
Discover the latest analysis of AUD/USD price action in this informative video. Explore key levels and developments impacting the market.
Today, AUD/USD fell sharply after encountering selling pressure near the 100-day moving average. The subsequent decline took the price below the important 200-day moving average at 0.6725. Currently, the price is trading near the 50% midpoint of the move up from the April low at 0.6693, suggesting a consolidation phase.
Traders are closely watching for the next directional move. On the downside, the next target for sellers is between 0.6676 and 0.6680, with the 61.8% retracement at the significant 0.6666 level.
USDCHF runs higher today and back above hourly MAs
2023-05-05
The USDCHF moved to the lowest level since January 2021 this week, but found support buyers against state support area from the end of 2020/early 2021.
In trading today, the pair got a boost from lower Swiss CPI inflation. That took the price above the 200 hour moving average or support buyers leaned. The US employment report pushed price to the high for the day, before rotating back to the downside.
What next?
The 200 hour moving average is now a key support level. If the buyers are to stay in play and probe higher, stay above the 200 hour moving average of 0.8912 is key (perhaps a move below the 100 hour moving average at 0.8900 is also in play as a more conservative stop for buyers).
If the price can hold sport down to 0.8900, Topside targets become 0.8973, the 0.9000 area
FOREX TECHNICAL VIDEO:PPI comes in hotter than expected sending the USD higher. What next?
2023-02-16
In this US morning forex technical report, we take a look at the impact of the stronger-than-expected US PPI data on the EURUSD, USDJPY and GBPJPY pairs. Join us as we analyze the bias, risk and target levels to help you navigate the current forex market.
Russell 2000 technical analysis
2023-02-12
Get ahead of the game in the futures market with this in-depth analysis of the Russell 2000! In this video, we take a technical approach and explore key factors such as levels of resistance and support, the 20 EMA moving average, trendlines, candlestick patterns, and the anchored VWAP indicator. Gain a competitive edge and make informed trades with our expert analysis. Watch now!
AAPL stock technical analysis before earnings
2023-02-02
Technical analysis for Apple Stock ahead of earnings on February 2nd, 2023.
A look at the current levels for Apple stock and potential targets.
Trade with caution and be aware of potential risks.
Visit ForexLive.com for a broader perspective.
The Weekend Forex Report: A look back and ahead to the Dec 5, 2022 trading week
2022-12-04
What levels are in play technically. What are the major bias and risk defining levels.
In the weekend forex report, Greg Michalowski of Forexlive.come, reviews the fundamentals in play and the importance, and then outlines the bias and risk defining levels for each of the major currencies vs the USD:
EURUSD (5:51)
USDJPY (10:13)
GBPUSD- (13:18)
USDCHF (16:42)
USDCAD (18:21)
AUDUSD (19:52)
NZDUSD (22:53)
1 ping