The US jobs report is out, the USD is down. It more than jobs as banking concerns increase

2023-03-09

As I mentioned in previous videos, I will be maintaining a bullish outlook and seeking a bounce, but changing my mind ONLY IF 2 consecutive daily candles CLOSE below 3900. We are not there yet, so I am still targeting a bullish reversal and will be watching the prices mentioned in the video.

Trade the S&P 500 at your own risk and visit ForexLive.com for additional views.

2023-03-07

Yesterday’s failed breakout is still lingering as the market waits for more information from Powell later this week. Watch for a possible breakout up, but also be cautious of bears taking control if two consecutive 4-hour candles close below 12233. Learn more about the technical analysis of the NASDAQ and S&P 500 in this video and visit ForexLive.com for additional views and updates.

There may be possible updates on:
https://www.forexlive.com/technical-analysis/nasdaq-and-sp-500-technical-analysis-whats-happening-before-powell-this-week/

2022-12-30

Last day of trading for year 2022. On the back of the unemployment data yesterday, we had a big bullsih day as price breaks out of the yellow bull channel. A big and clear breakout that gets the bull out of the hole but price now needs to clear the next red channel as it eyes 3900, afterwards.

Trade the S&P 500 at your own risk and visit ForexLive.com for additional perspectives.

2022-12-27

How will the stock market, as represented by the Nasdaq in this technical analysis, end the year? Watch the critical price levels on the short and long term. The way that market participants (buyers and sellers) react to them will be key.

Visit https://www.forexlive.com/technical-analysis for additional technical analysis perspectives on the markets.

2022-12-21

Planning a swing short trade on EUR vs USD.

Visit ForexLive.com for technical analysis and other perspectives.

2022-12-14

This is a daily chart of Tesla stock and price has exited this channel, which is a risky sign for buy and holders. However, they can consider to reenter, should 2 consecutive daily candles close within the channel. I show how to set a TradingView alert that can elevate your timing to a new level, without the need to be in front of the screen.

Trade TSLA stocl at your own risk and visit ForexLive.com technical analysis for additional perspectives. https://www.forexlive.com/technical-analysis

2022-10-13

The commodity currency pairs – the USDCAD, AUDUSD and NZDUSD – all raced to new lows vs the stronger USD after the hotter than expected CPI data. However, there has been a bounce that now threatens that move in the short term at least.  IN this video, I look at the price action and show what would ruin the USD buying party vs these commodity pairs today and explain why.

2022-10-10

The AUDUSD fell to the lowest level since April 2020 today and outside an up and down swing area that had confined the pair over the last two or so weeks of trading.   What now?

Sellers are in control. The pair is in a channel on the hourly chart that if broken to the upside might give some dip buyers more hope. However, it will still take a move above the 0.6363 low from September 28 and the 38.2% of the move down from the last high last week at 0.6376.  Get above those levels and the buyers have more of a shot. Absent that, and the sellers are still in control.