USDJPY makes new highs for the year, but momentum slowsLive Video

2023-05-25

The AUDUSD is making a break lower in trading today on the daily chart with the price entering the low extreme area from 2022 below 0.65448 to 0.65847.  Stay below 0.65448 keeps the sellers in firm control.

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.

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2023-03-01

In today’s report, we examine the levels in play for the EURUSD, USDJPY, GBPUSD, and USDCAD that traders will be eyeing for intraday trading clues.

While the USD is mostly lower today, the GBPUSD is showing a little more mixed action, with some upside corrective movement in early US trading.

2023-02-23

In this forex market update, we review the technical analysis of four major currency pairs: EURUSD, USDJPY, GBPUSD, and AUDUSD. The EURUSD remains within a downward-sloping channel, with sellers in control in the short term.

Meanwhile, the USDJPY is trading to a new high, opening the pair for further upside momentum. The GBPUSD fell below the 100 and 200-hour MAs but corrected higher in early North American trading.

The AUDUSD is moving back lower and looks to test the 200-day MA, a key barometer for buyers and sellers.

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.

2022-12-01

For 01 December, 2022.