EURUSD trades above moving averages giving a modest bullish bias
2023-05-08
The EURUSD traded up and down last week, with Friday’s low stalling at a key "floor" level (the 50% of the move up from April low also stalled the fall). Today, the price moved above the 100 and 200 hour moving averages and have been able to stay above on 2 separate tests today. Those moving averages come between 1.1021 and 1.10278. They will be the barometer for trader’s bias today (and going forward). Stay above is more positive. Move will is more negative.
Markets reacting to the central banks and regional bank concerns
2023-05-04
A technical look at the EURUSD, USDJPY and GBPUSD to start your trading day.
The ECB matched the Fed hike of 25 basis points today. Yesterday the USD fell. Today the EUR fell after the hikes. Go figure. Concerns about banking is weighing and adding another dimension to the markets.
IN the report this morning, I strip out the fundamentals and focus on technicals on 3 the major currency pairs – the EURUSD, USDJPY and GBPUSD.
The USD is stronger and retraces the declines from yesterday. What are the chart saying?
2023-04-25
The USD is stronger today retracing some of the declines from yesterday’s trading. What are the charts saying? In this video, Greg Michalowski of Forexlive.com takes a deep dive into the technicals supporting the price action for the EURUSD, USDJPY, and GBPUSD major currency pairs.
NZDUSD price action and tools applied define the key levels for traders
2023-04-18
The NZDUSD is using technical levels to define the range. The borderlines are set.