USDJPY buyers in control. Watch to understand why and what would hurt that bias today

2023-05-17

Join us as we analyze the recent price action of USD/CAD in this insightful video. Witness the back-and-forth movement of the pair, including today’s trading session. Although the price has dipped below key moving averages such as the 100-day MA, 100-hour MA, and 200-day MA, it has found support from buyers at the 200-hour MA. The question arises: Will this last moving average be broken?

Higher oil prices, up approximately $2 on the day, contribute to the downward pressure. Both buyers and sellers remain uncertain, resulting in volatile market conditions. However, if the 200-hour MA is breached, sellers are likely to gain more control.

Stay informed about the developments in USD/CAD trading and the implications of the moving averages by watching this video.

2023-05-12

The EURUSD is trading to new session lows as a selling/bearish bias increases. In trading this week, the pair broke outside of a 4 – 5 week trading range. What was key was a corrective high back to that breakout level, and found willing sellers. That gave sellers the go-ahead to push lower. What next from a trading perspective?  What’s the next key target? What’s the close risk? Selling levels if the USD is to stay strong?

2023-05-10

Discover the recent sharp rise in EURUSD after the release of US CPI data. Stocks are up, and yields are lower. Watch as we analyze the pair’s testing of the 100/200-hour moving averages (1.1003 – 1.1008) and the significant 50% retracement level (1.10157) from last week’s high. Breaking above these levels indicates a more bullish outlook.

Stay tuned for a concise technical analysis of EURUSD, uncovering key levels and insights.

Subscribe for more market analysis and updates. Share your thoughts and questions below. Stay informed and trade wisely!

2023-02-12

Get ahead of the game with this comprehensive weekend forex technical report. We take a deep dive into the technicals driving all the major currency pairs vs the USD, including EURUSD, USDJPY, GBPUSD, USDCHF, USDCAD, AUDUSD, and NZDUSD.

Get insights into key levels, trendlines, and other technical indicators to inform your trading decisions.

2023-02-07

In this video, we’ll be discussing the latest updates on USDJPY, EURUSD, and GBPUSD.

The USD has been on a 4-day winning streak, but the JPY is lower as technical resistance was reached. The EURUSD is falling below a key support level and the GBPUSD is close to its 200-day moving average. Join us as we analyze the markets and see what traders should watch for in the coming days.

2022-12-06

A technical look at the EURUSD, USDJPY, GBPUSD and AUDUSD after the RBA rate hike.

There is up and down price action in some of the major currency pairs. In the morning forex technical report, I look at the EURUSD, GBPUSD, USDJPY and the AUDUSD after the RBA rate hike and outline the levels in play after up and down activity dominated the trading action so far today.

2022-12-04

Setting up a short swing trade for a 3 to 1 short on CL1 (light crude oil futures). Trade oil at your own risk and visit ForexLive.com for additional perspectives.

2022-12-01

When someone on TV or anywhere else, talks positively about a stock, then that person should know to answer what the company does. If you do not get an answer, that is a sign that we might have reached ridiculous times. Remember that for next time. It might be, and will probably be, a different type of ‘ridiculous’ but it will be ridiculous when the herd is greedy, and a sign for you to be fearful.

Technical analysis is your friend in such situations and this video shows some of the hints to look for. Most of them are very simple so do look for them in the future.