EURUSD stretches toward the low from last week and away from 100 day MA. What next?

2023-04-26

The EURUSD and the GBPUSD fell sharply yesterday on flight to safety flows, but in trading today, those declines are being erased.  The USDJPY chops around after yesterday saw a decline on flight to more safety into the JPY on banking concerns.  The AUDUSD is lower after YoY inflation fell more than expected in Australia today despite the slightly higher QoQ data.

2023-04-19

The AUDUSD is consolidating with the lows and highs – along with technical levels – starting to converge. When that happens, it is time to anticipate a break and hopefully a run in the direction of the break. 

In this video, I outline what I mean and what levels are key going forward.

2023-04-13

BREAKOUT!
The USD is breaking to new lows vs the EUR and GBP for the year, and the USDCAD is breaking below its 200 day MA for the first time since August 2022. For the USDJPY, it is making a break below its 200 hour MA.  So lots of breaks technically for the major currency pairs.
Learn about it, and what’s next in the morning forex technical report. 

– EURUSD 2:18
– USDJPY 4:42
– GBPUSD 5:56
– USDCAD 7:12

2023-04-05

The USDCAD has rebounded today and tries to break a 7 day slide.  The correction higher, however, has run into some short term resistance that puts a lid on the pair.  

In this video, I step through the daily and hourly charts of the pair and show in detail what levels are in play.  It is important as a trader to understand the "whys". This video explains so you can replicate the ideas in your trading going forward.

2023-04-04

In the morning forex technical report, I take a look at the EURUSD, USDJPY, GBPUSD and AUDUSD.

The EURUSD moved to a key swing target and found willing sellers. 

For the USDJPY, it held support at a key swing area, and moved back above the 100 hour MA. Can it stay above that MA level now?

The GBPUSD meanwhile made a break higher, but has shown some signs of some profit taking. The buyers and sellers are battling in the short term. 

The RBA kept rates unchanged and the AUDUSD moved lower. THe price is below the 200 day MA now and looks toward the 100 and 200 hour MAs.

2023-01-26

Learn about the powerful technique of Volume Profile and how it can give you insight into the market’s future direction. See how @Forexlive expert Itai Levitan uses it to predict the stock market by identifying key levels of support and resistance. Understand how volume activity at different price levels can indicate market sentiment and potential price movements.

Don’t miss out on this valuable information and visit ForexLive.com for more perspectives.

2023-01-22

Get a closer look at the latest market trends with our in-depth analysis of the major currency pairs and indexes.

In this video, we’ll be discussing Fed official Waller’s recent statements and how they’ve impacted the US stock market. Plus, we’ll be reviewing the technical levels and potential trade opportunities for the Nasdaq, S&P, and more. Don’t miss the start times for each review in the video description.

Tune in now!

Below are the start times for each index/currency pair technical review —

– 0:00 Waller breaking a Wall
– 6:24 Nasdaq index
– 8:50 S&P index
– 10:15 EURUSD
– 13:27 USDJPY
– 15:02 GBPUSD
– 17:39 USDCHF
– 20:00 USDCAD
– 22:41 AUDUSD
– 24:42 NZDUSD

2023-01-16

In our previous video ( -Mek ), when BTC was at $16700, I called Bitcoin’s upcoming rise and now we are over 27% above that in less than 2 weeks, a staggering rise.

Now BTC is dancing around $22,000 and I lay out a tripple resistance area, close to $23k (see video for more specifics, and you are also welcome to draw the lines and patterns shown, on your chart).

Watch the full analysis at https://www.forexlive.com/technical-analysis/bitcoin-technical-analysis-a-bear-is-waiting-at-this-triple-resistance/