What are some technical levels in play for the EURUSD, USDJPY and GBPUSD?

2023-01-31

In this follow-up video to the recent analysis, Greg Michalowski of ForexLive.com updates on the buyers’ eagerness and their behavior in the S&P 500 futures market.
Watch the updated zone between the black and blue lines drawn on the chart, as discussed in the video.
Set up alerts on your chart with triggers on daily CLOSE to reduce the risk of false signals. Stay up to date with additional market insights by visiting ForexLive.com.

2023-01-30

"EURUSD Analysis: Is the Pair Showing Signs of Fatigue? Watch now to find out!"

2023-01-23

Are you tired of the Nasdaq bear market? Want to know when it’s time to make a move? Watch this video to learn about a powerful technical hint that may indicate a market attitude shift.

Weekly candle charts in technical analysis can reveal key support and resistance levels, patterns, and successive candles that can assist traders in making better decisions. Don’t miss this opportunity to improve your profit potential.

Watch now!

2023-01-17

In this video, we’ll take a closer look at some of the major currency pairs such as EURUSD, USDJPY, GBPUSD and USDCAD.
This is the latest morning forex technical report for January 17, 2023.
We’ll cover the levels that are currently in play, as well as the technical bias for each pair.
This report will provide valuable insights into the current market trends to help you make more informed decisions.

2022-11-21

A technical review of the major currency pairs as Monday trading in the US gets underway.

In the morning forex technical report for November 21, 2022, Greg Michalowski of Forexlive.com outlines the key levels in play as the USD starts the week with a bid.

2022-11-15

The USD has moved lower after the weaker than expected PPI data. Stocks are higher with the Dow futures implying a gain of 375 points or so. The S&P is up about 75 points and the Nasdaq is up about 320 points.

Yields are lower with the 10 year down -8.4 basis points at 3.782%.  

In the forex,

– The EURUSD moved above its 200 day MA at 1.0428, and ran to a high of 1.0480, but has moved back to retest the 200 day MA.  Key level today. Close above would be the first since June 2021

– The USDJPY moved lower and sniffed the 38.2% of the huge move higher in 2022 at 137.24. The price over the last 2 days have been able to stay below the broken 100 day MA at 140.834. That range from the 38.2% to the 100 day MA is the trading range for this pair.

– The GBPUSD moved above 1.2000 on the

2022-11-04

The EURUSD is moving to a new session high and in the process is up testing one of my old favorite levels.  The 0.99515 level.  That level was the swing low back in July after the price broke below the parity level for the first time. In September the price moved down to test it, before breaking to the cycle low for the year. Last month, the pair used the level as a risk defining target as well. We are back testing it. A move above would have traders looking toward the parity level and then the falling 100 day MA at 1.00515.  Hold below and traders will look toward 0.9898.

2022-11-02

A technical look at some of the major currency pairs and why for your pre-FOMC preparation.

In this video Greg Michalowski of Forexlive, outlines the technical levels in play for some of the major currency pairs through the FOMC rate decision.  

If you trade technically, the price action and technical tools applied to the price action, define the bias and the risk.  Knowing what levels that are in play, allow traders to game plan in case they are wrong, to initiate trades after the news headlines, to look toward targets and to define risk levels. 

This video outlines those levels for the EURUSD (0:48), USDJPY (3:51), GBPUSD (6.04) and USDCHF (7:46).