USDCAD has a down, up and down week and is closing the week between MA levels

2023-09-08

Here’s a quick technical analysis on the USDJPY pair with some fundamental background.

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2023-06-15

Move below 1.3207 would open the door toward 1.3132

2023-06-14

The swing area above held resistance between 140.22 and 140.443

2023-06-13

This a technical analysis video on the AUDUSD pair with some fundamental background as we head into the US CPI report today.

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2023-06-11

ES Technical Analysis: Revisiting the January Forecast

https://www.forexlive.com/technical-analysis/e-mini-sp-500-futures-unraveling-the-4400-forecast-and-whats-next/

In this video, I revisit my January forecast for the S&P 500 E-mini futures contract (ES). At the time, I called for a move to the 4400 level, and we are now very close to that level. In this video, I will discuss the factors that have led to this move, and I will also provide some technical analysis on where the market may go from here.

Key Points

The S&P 500 E-mini futures contract is currently trading near the 4400 level.
This is close to the level that I forecast in January.
The market has been moving higher due to a number of factors, including:
Strong corporate earnings
An expectation that the Fed may pause its

2023-06-09

Will sellers lean against the 100 day MA?

2023-06-08

Initial jobs clients spikes to 20 month highs helping to weaken the USD.

The initial jobless claims for the current week rose to the highest level in 20 months and that has weakened the US dollar in the process. Looking at the EURUSD, the price action saw the pair move up to a swing area between 1.0747 and 1.0759, but is finding sellers against that swing area on the first look as risk for sellers can be defined and limited by sellers. A move above would open the door for a run toward last week’s highs at 1.0778. Move above that and traders would start to target the 38.2% retracement of the major trading range, and the 100-day up at 1.08108 (with the natural resistance at 1.0800 in the way). Earlier today the EU GDP moved into negative territory at -0.1% versus 0.0% expected for the

2023-06-07

Buyers are the latest to try to take control.

The EURUSD is continuing its non-trending trading today. The pair has been confined to a range from 1.0666 to 1.0732 for the week. Buyers are trying to hold support against a top of a swing area at 1.0704, but need to get and stay above 200 and 100 hour moving averages near 1.0714 area. Doing that would have traders looking up toward the swing area at 1.0747 – 1.0759 if able to break above the high for the week.