| Here's a quick technical analysis on the USDJPY pair with some fundamental background. For more visit ForexLive.com |
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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.
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.
Nasdaq and S&P indices move below 100 hour MAs. Can sellers keep the lid on the indices?
2023-07-06
The short term bias shifts to the downside with the price moving below the 100 hour MA. Can the sellers stay in control?
EURUSD range trading with some common technical levels defining the range
2023-07-05
In this video, we analyze the current price action of EURUSD, which has been range trading with common technical levels defining the boundaries. The rally is limited by the presence of the 200-hour moving average, acting as a resistance level, while the downside is supported by the 38.2% Fibonacci retracement level.
Join us as we discuss the significance of these technical levels and their impact on the range-bound movement of EURUSD. We explore potential trading opportunities within this range and provide insights into how to navigate the market effectively.
EURUSD sellers test the 38.2% target at 1.0867. What next?
2023-06-29
The sellers are working the price lower…and back down to key retracement level. Can the sellers keep the momentum going now?
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