AUDUSD heads into the new trading day near lows from last week
2023-05-23
The AUDUSD is looking to end the day near lows. Stocks moved lower. The USD moved higher. Risk off flows? Maybe a little. In this video, I talk about the technicals that are dominating the price action in the pair. The 100-hour MA has seen price action above and below over the last 3 trading days, but the price is back below and moving away (bearish). The higher 200-hour MA has not been broken to the topside since May 11. It would take a move above both the 100 and 200-hour moving averages to increase bullish bias. Absent that the sellers are more in control and a move toward the lows from May/April would be eyed.
What levels are in play for the GBPUSD and why through the Fed Chair speech
2023-05-19
In this insightful video, we examine the recent price action of GBPUSD, focusing on its retracement higher and subsequent rejection at the 100-hour moving average.
Sellers stepped in at the critical level, driving the price back below a significant swing area. By staying below this level, sellers maintain their dominance in the market. We also discuss the importance of the 100-hour moving average as a conservative stop level for sellers anticipating further downside momentum.
Additionally, we explore the downside targets, including a swing area and key support levels, which could be potential objectives for traders. Watch this video to gain valuable insights into the GBPUSD market and enhance your trading decisions.
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.
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