USDJPY moves up to the 200 hour MA.. and stops
2023-05-05
The USDJPY has moved higher after the US jobs reports, but found willing sellers near the broken 38.2% of the April to May trading range. The rise also found willing sellers near the 200 hour MA as well. What now? I speak to the pair and the options.
USDCAD backs off from topside resistance but the 100 hour MA stalls the fall
2023-04-27
The USDCAD moved to a swing area target and 61.8 Retracement level this week and that area stalled the rise. In trading today, sellers have pushed lower but has run into support at the 100 hour MA. So buyer and sellers have defined the close support and resistance. Traders are waiting for the next shove outside one of those technical levels.
VIDEO: Retail sales surprise to the upside. What did that do for the forex technicals?
2023-02-15
In this morning’s forex technical report, we examine the impact of stronger than expected US retail sales on the EURUSD, USDJPY, and GBPUSD currency pairs. Our analysis includes an explanation of the bias, control, targets, and risks, and provides critical insights that all traders should be aware of for every trade.
VIDEO: Sellers in the USD are making a play. What next?
2023-02-09
Stay ahead of the markets with the latest US morning forex technical report!
In this video, we take a close look at the EURUSD, USDJPY, GBPUSD, and USDCAD and examine the seller activity in the USD. Discover the potential risks and targets in the market and make informed trades. Don’t miss out on valuable insights to help guide your decisions.
Watch now!
The ADP comes in weaker and sends the dollar lower ahead of the FOMC decision.
2023-02-01
Get a detailed technical analysis of the EURUSD, USDJPY, and GBPUSD ahead of the FOMC rate decision on Feb 1, 2023.
The US ADP employment report came in weaker than expected, leading to a drop in the value of the US dollar. The Fed is expected to raise rates by 25 basis points to 4.75%, making it crucial to watch what Fed Powell has to say.
This morning’s forex technical report provides an in-depth look at the technical levels, bias, risk levels, and targets of these major currency pairs. Stay informed and be prepared.
The forex markets are mostly consolidating as the new trading week begins
2023-01-30
The Forex Market Update: EURUSD makes a run while GBPUSD, USDJPY, and USDCAD see mixed price action. In this morning’s forex report, we take a technical look at EURUSD, USDJPY, GBPUSD, and USDCAD. The EURUSD is pushing upwards and is back above its 100-hour MA. Can it sustain this trend?
The EURUSD is trying to stay in the “Red Box”. This technical story &more in the AM video.
2023-01-24
In this morning’s technical forex report, we take a closer look at the EURUSD and its attempts to remain within a key "Red Box" level. We also analyze the USDJPY, GBPUSD, and USDCHF and their current trends.
Join us as we delve into the latest market movements and what they could mean for your trades.
The US retail sales/PPI pushed the USD lower. What has that done to the bias/risk levels?
2023-01-18
Stay ahead of the market with our in-depth analysis of the EURUSD, USDJPY, and GBPUSD. Learn about the impact of weaker US PPI and retail sales on the dollar, as well as key technical levels and biases for each currency pair. Discover the risks and next targets to watch.