| The GBPUSD moved higher yesterday but could not sustain momentum and get above the 38.2% retracement of the May trading range. The inability to extend above that level was a big failure for the buyers. The sellers are back in control. The price decline today has taken the pair below the 100-hour moving average, but the price has rebounded. The 200-hour moving average at 1.23872 is now close risk. If the sellers can keep the lid against that moving average, they are in firm control. If the price moves above it and above 1.23974, the seller's advantage starts to erode. |
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EURUSD moves to a new session low as the pair continues its break to the downside
2023-05-12
Discover key technical breaks and the recent downside breakout in EUR/USD trading. Join Greg Michalowski of Forexlive.com as he analyzes the price action and provides valuable insights in this short video.
The EURUSD has made a break to the downside in trading this week, which took the pair outside an up-and-down trading range over the last month or so of trading.
The price is moving down toward 38.2% to end the week at 1.08735. The low price has reached 1.08805 so far today. This video outlines the price action and the technical breaks this week as presented by Greg Michalowski of Forexlive.com.
USDCHF makes a break into a more bullish bias today
2023-05-09
In this video, we analyze the recent price action of USDCHF. Today, the price of USDCHF made a notable move back above the 200-hour Moving Average (MA) at 0.8911, which has shifted the bias more towards the upside. The buyers showed support near the MA during a corrective dip, providing confirmation for further upward movement.
What can we expect next for USDCHF? Watch the video to gain valuable insights and a comprehensive analysis of the price chart.
Subscribe to our channel for more updates on forex price analysis. Don’t miss out on the latest developments in the USDCHF pair. Watch the video now!
It is time to get ready for the FOMC fireworks. What levels are in play for major pairs.
2023-05-03
The FOMC will announce a rate decision at 2 PM ET. The rotations are 25 basis points although the regional bank pressure has brought down the expectations a bit ahead of that rate decision. The question may be how can the Fed execute a dovish hike.
IN this report I look at the EURUSD, USDJPY and GBPUSD. The EURUSD moved back above its 100/200 hour MAs tilting the bias more to the upside once again. The USDJPY fell back below its 100 hour MA but remains above its 200 hour MA. The GBPUSD is making a bearish play on a move below its 100 hour MA but remains above its lower 200 hour MA. Watch and learn.
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