| The US jobs data came in much stronger than expected at 263K versus 200 K expected. The unemployment rate remained steady at 3.7%. The average hourly earnings rose 0.6% versus 0.3% expected. The USD moved higher. What next? |
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Want to catch up to the technicals driving the forex markets today? Watch…
2022-10-18
The technical report for October 18, 2022.
In the morning forex report for October 18, 2022, I look at the EURUSD, GBPUSD, USDJPY, USDCAD, AUDUSD and NZDUSD. Take less than 8 minutes and catch up to the market technicals driving the currency markets today.
The morning forex technical report outlines the levels in play for some of the major pairs
2022-10-12
The EURUSD, USDJPY, GBPUSD and USDCHF are outlined in the morning report today.
The USD is mixed with declines into resistance for the GBP, and gains vs the JPY into new 2022 high territory for the USDJPY.
The EURUSD is trading in a narrow range with the 100 hour MA above near 0.9740 as resistance and a swing area below with 0.9662 as a key support level below.
The USDCHF is coiling with close support at the 100 hour MA at 0.9947 as support, and swing area resistance (highs from September) at 0.99647 a level as close resistance to get to and through to keep the buyers in control. The pair awaits the next shove in early NY trading.
Bitcoin may heading towards $10k
2022-10-10
Here is a 4 to 1 trade idea if it does. Trade at your own risk.
See the full technical analysis for BTCUSD at ForexLive: https://www.forexlive.com/technical-analysis/bitcoin-technical-analysis-20221010/
USDCAD follows the USD higher. Trades back above 100/200 hour MAs
2022-10-05
Despite the higher oil, the USDCAD is moving higher today (lower CAD).
The USDCAD is moving higher back above its 100/200 hour moving averages near the 1.3666 area. Stay above keeps the buyers more in con from a shorter-term technical perspective.
Bitcoin technical analysis 05 Aug 2022
2022-08-05
BTCUSD is in the middel of the presented regression channel and traders seem to be waiting for the next move.
See also
Bitcoin traders are battling it out in the short term. Find out why in this video.
https://www.forexlive.com/Cryptocurrency/bitcin-traders-are-battling-it-out-in-the-short-term-20220804/
ETHUSD technical analysis @ 1663.27 on 05 Aug. Will the bull flag be broken to the upside?
-frxYQ
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