It’s quarter, month and week end. What to expect from some of the major currency pairs.

2023-03-15

All the risk balls are in the air now. Yields are lower. Stocks are lower. The US dollars is mostly higher.  In the morning Forex technical report, I take a look at the EURUSD, USDJPY, GBPUSD and USDCHF. The USD is moving the most versus the EUR which is plummeting and looking toward the 100 day moving average. The GBPUSD is down but the declines are more contained. The USD is lower vs the JPY as the USDJPY reacts to lower rates. The USDCHF is higher as investors react to the Credit Suisse banking problems which is a catalyst for the moves to the downside in yields and stocks today (or an addition to the other issues started last week as the banking contagion spreads).

2023-03-09

Join me in this video as we discuss the current market sentiment, which appears to be bearish, and my bullish outlook. We’ll be keeping an eye on the key levels to watch for the S&P 500, with a focus on the level at 3925, which will indicate a trend reversal if 2 consecutive daily candles close below it. However, as long as we stay above the point of control (PoC), I’m still bullish and targeting 4150 by the end of the month.

2023-03-02

In this video, we discuss the USD’s early US trading gains on lower initial jobless claims and stronger employment data.

We also analyze the key technical areas for GBPUSD, USDJPY, EURUSD, and USDCAD, highlighting the risk-defining levels for each pair.

2023-02-28

In this video, we analyze the latest technical levels in the EURUSD, USDJPY, and GBPUSD pairs. The EURUSD is testing the 200 hour MA, while the USDJPY is approaching key resistance levels. The GBPUSD is following the EURUSD’s lead and breaking above a trend line and retracement level.

2023-01-02

The EURUSD is starting the trading year with more upside momentum and in the process retraced some of the declines from the EURUSD’s decline in 2022.
The pip trading range for the 2022 year was about 2000 pips which is near the extreme of the low to high trading range over the last 12 or so years.
What will 2023 bring us, if we anticipate a more normal range of about 1400-1600 pips and the rallies are to be sold in the EURUSD?
IN this video, Greg Michalowski of ForexLive.com takes a broader view on EURUSD and what traders might anticipate for key levels given an anticipated normal range for the pair for the year.
By anticipating the vision given the storyline and the technicals, traders can plan for key levels technically, and let the market price action tell traders if the plan is

2022-12-22

What levels are in play and why….

It is important to know the traders roadmap. Where we have been? Where we are going? What risk defining levels are on ahead? And most importantly, why those levels are important to you and I.  In this report, Greg Michalowski of Forexlive.com looks at the key levels in play, the technical biases and the risks and tells you why.

2022-12-15

The ECBs Lagarde along with the ECB were more hawkish on inflation saying that rates would need to rise significantly.  That has sent European yields higher, stocks lower and the EURUSD higher.  The Fed’s more hawkish stance meanwhile has the USDJPY moving higher and the GBPUSD lower.  Things are moving.

2022-12-09

A technical look at the EURUSD, USDJPY, AUDUSD and NZDUSD.

The USD has a lower bias heading into Friday’s trading vs the EUR, AUD and NZD helped by the run lower on Thursday. 

The USDJPY is more neutral as it trades between the 100/200 hour MAs

With the EURUSD, AUDUSD and NZDUSD tilting more to the upside, what targets lie above and what are the risk levels that might hurt the bullish bias heading into the new trading day?

With the USDJPY trading between its 100/200 hour MAs what levels would increases the bullish bias, and what levels would increase the bearish bias?