| The USDCADs 100/200 bar MAs on the 4-hour chart stalled the rally earlier this week. They are now being tested on a sharp run higher in the pair today. |
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ForexLive Video: The EURUSD holds near the low from yesterday and ahead of 38.2% retracement target.
2023-07-21
The EURUSD 38.2% retracement of the move up from the July low comes in at 1.1106. That and 1.1095 is support for the pair going forward.
The USDCHF is moving higher. Higher yields are help the bias, but work to do technically
2023-07-20
USDCHF back above its 100 hour moving average. Can the momentum continue. That MA comes in at 0.8591. The 0.86307 is the target to get above. If done the 200 hour MA becomes the target at 0.8663. Yields are higher in the US helping the dollar buying.
GBPUSD consolidates and tests the 100 hour MA at 1.3072 area. Key technical barometer.
2023-07-18
The GBPUSD tested and held the 100 hour MA at 1.30729. That MA will be a key technical level today and a key barometer for buyers and sellers in the short term. Stay above is more bullish. Move below is more bearish.
S&P 500 Technical Analysis
2023-07-17
Here’s a quick technical analysis on the S&P 500 with some fundamental background.
For more visit ForexLive.com
EURUSD consolidates strong gains this week.
2023-07-14
In this analysis, we examine the EURUSD’s impressive performance this week, consolidating substantial gains.
The pair have recorded a 2.3% increase, marking the largest weekly gain since November 2022.
Join us as we delve into the factors driving this significant rise, explore key technical levels, and discuss the implications for traders.
EURUSD stretches to another new high and tests a key week technical level
2023-07-13
In this analysis, we explore the recent price action of EURUSD, which has extended to another new high and is currently testing crucial technical levels.
The pair is challenging the 200-week moving average at 1.11805 and a significant swing area on the daily chart around the 1.1185 region.
These levels serve as a key barometer for buyers and sellers, providing valuable insights into the pair’s future trajectory.
Join us as we analyze the significance of these levels and discuss the implications for traders.
GBPUSD moves higher and toward 2023 highs and the key 1.3000 level
2023-07-12
The GBPUSD is moving sharply higher after the better-than-expected CPI data and in the process is looking to test the next swing area targets on the daily chart up to the 1.29987 level. Of course, the natural resistance at the 1.3000 level is also a key target.
The price has not traded above that key level since April 2022. Buyers remain in control technically after US CPI data.
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