| In this video, Greg Michalowski from Forexlive.com takes a look at the technical levels that will be in play next week and explain why. |
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The USDJPY breaks to the upside after Fed Logan comments
2023-05-18
The USDJPY is trading and breaking to the upside after Fed’s Logan said that the data does not support a pause in June. The move to the upside has taken the price away from its 200-day moving average and above a swing area between 137.499 and 138.139. The price is also above the May 1 high at 137.75 and the early March high at 137.91. Those levels are now close risk for the pair.
The GBPUSD retraces most of the CPI gains, but finds support
2023-05-10
Discover the recent price action of GBPUSD as it breaks above previous highs and retraces CPI gains. Watch the 100-hour moving average and early session high for key intraday clues. Stay updated on GBPUSD technical analysis and make informed trading decisions.
USDCAD bounces higher after reaching toward April low
2023-05-08
The USDCAD is bouncing after sharp selling took the price toward the April lows and a key swing area on the daily chart. IN this video I look at the levels in play and explain why.
Nasdaq futures technical analysis: Aiming for 13500
2023-04-30
See more at https://www.forexlive.com/technical-analysis/nasdaq-futures-technical-analysis-and-price-forecast-key-levels-to-watch-13500-target-20230430/
US GDP lower but core PCE higher. That sends yields and the USD higher in early US trading
2023-04-27
The US GDP came in lower-than-expected but core PCE was higher. That has sent the US yields to the upside and the US dollar higher in early US trading. However, the moves post the data, has the pair trading back to 100/200 are moving average levels in the EURUSD, USDJPY and GBPUSD – and stalled. Those moving averages will be barometers in the new trading day. What is clear is the ups and downs have continued in those major currency pairs.
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