USDJPY moves up to the 200 hour MA.. and stops
2023-05-05
The USDJPY has moved higher after the US jobs reports, but found willing sellers near the broken 38.2% of the April to May trading range. The rise also found willing sellers near the 200 hour MA as well. What now? I speak to the pair and the options.
USDCAD backs off from topside resistance but the 100 hour MA stalls the fall
2023-04-27
The USDCAD moved to a swing area target and 61.8 Retracement level this week and that area stalled the rise. In trading today, sellers have pushed lower but has run into support at the 100 hour MA. So buyer and sellers have defined the close support and resistance. Traders are waiting for the next shove outside one of those technical levels.
S&P 500 E-mini Futures Technical Analysis
2023-04-15
Despite the surprising selloff, following a rally on Friday, this video shows the technical lines and junctions why the sell off occurred (trigered by trading algos usually). Watch this possible map for further guidance. There are always many maps and many participants watching more than one map, but this is one of the main ones that I am watching.
Visit ForexLive.com for additional views.
USDCHF falls to a swing area support target and stalls. What next?
2023-04-11
Can the sellers keep control in the USDCHF?
A day after buyers pushed the USDCHF higher and above the 200 hour MA – and failed – sellers have take control today and pushed the price of the pair back to where the price has found support buyers going back to last week’s trading. Can the buyers now push the price back higher? Or will the sellers remain in control and push the pair even lower?
IN this video, I explain the levels in play TODAY as traders look for the next shove.