| In the morning forex video, I kickstart the trading day by taking at technical look at the EURUSD, USDJPY and GBPUSD. |
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AUDUSD corrects higher today and retests a broken swing area
2023-08-03
AUDUSD swing area comes between 0.6558 and 0.65667
USDJPY makes a new week low today, then tests the high for week. What’s up for next week?
2023-07-28
Bias is positive/bullish to end the week.
The USDJPY traded to a new low today, and also equaled the high for the week. The day has been volatile, but is more bullish heading into the close and the new trading week. What does the price action and technicals say for next week’s trading? This video will define the bias, and outline the key levels that would tilt the bias either more to the upside (the buyers are more in control), or reverse the bias back lower.
ForexLive Video: USDCHF is banging against key resistance on the weekly chart and hourly chart too
2023-07-27
The 0.8699 area is key resistance for the USDCHF.
The USDCHF traded to a new low in the European session, taking out the low price from July 18. However, that low was just by a PIP or 2 before moving back to the upside. The gains were helped by better US data this morning which showed stronger GDP, a stronger job market, and a stronger consumer/business market as well (durable goods were higher).
Technically, the move to the upside took the price back above its 200-hour moving average of 0.86248, and then it’s 100-hour moving average at 0.86469. The high price has extended to 0.8694 so far today. That is just short of the high price from Monday and Tuesday near 0.8699. Increasing the levels of importance is that the low price from 2014 came in at 0.8696.
So around the 0.8700 level
S&P 500 Technical Analysis
2023-07-27
Here’s a quick technical analysis on the S&P 500 with some fundamental background.
For more visti ForexLive.com
ForexLive Video: Crude oil continues upside momentum after break above key daily MA yesterday
2023-07-25
Stay informed with the latest developments in the crude oil market through this informative ForexLive video. Witness the impressive price action as crude oil breaks above the 200-day moving average, paving the way for significant upside momentum.
The commodity’s bullish streak continues for the 4th consecutive day, reaching its highest level since April 19. Join us as we analyze the implications of these developments and explore potential opportunities in the dynamic crude oil market.
Stay ahead of the curve and gain valuable insights to make well-informed trading decisions in the crude oil market.
USDJPY trades above and below the 50% midpoint of the move down from the end of June high
2023-07-24
Discover the dynamic price movement of USDJPY, as it fluctuates above and below the critical 50% midpoint of the move down from the end of June high (141.149). In today’s trading session, this level becomes a short-term barometer for both buyers and sellers, making it crucial for traders to closely monitor.
Join us as we delve into the significance of the 50% midpoint, observe how the currency pair behaves around it, and identify potential signals for the short-term trend. Gain valuable insights that can help you make well-informed trading decisions in the ever-changing forex market. Stay informed and stay ahead!
The RBA surprises with a 25 bp hike. What next for the AUDUSD?
2023-05-02
The Reserve Bank of Australia increase rates by 25 basis points in a surprise move and that sent the AUDUSD sharply to the upside.
What next for that currency pair as traders next prepare for the FOMC rate decision tomorrow? In the US morning Forex typing report, I also take a look at the technicals driving the EURUSD and the USDJPY at the start of the US session.
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