| WTI crude oil futures are up $0.61 or 0.68% on the trading day |
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USDCAD corrects to the upside toward the falling 100 hour MA. What next?
2023-07-14
USDCAD corrects to the upside toward the falling 100 hour MA. Earlier, the price of the USDCAD moved back above the 50% midpoint of the move up from the October 2021 low at 1.3132. That level is now key support again.
The USD is moving to new lows vs major currencies
2023-07-13
In this analysis, we examine the recent price action of the USD as it continues to move to new lows against major currencies.
The ongoing dollar selling pressure has resulted in significant breaks in some of the major currency pairs.
Join us as we explore the technical dynamics, support and resistance levels, and market trends driving the USD’s decline.
USDJPY continues it tumble to the downside. Down over 650 pips over the last 5 days
2023-07-12
In this video, we dive into the ongoing downtrend of USDJPY, which has experienced a substantial decline of over 650 pips in the past 5 days.
The sellers are relentlessly pushing the pair towards key daily technical targets.
Join us as we analyze the critical support and resistance levels, chart patterns, and trend indicators to gain insights into the driving forces behind USDJPY’s significant decline.
Russell 2000 Technical Analysis
2023-07-10
Here’s a quick technical analysis on the Russell 2000 with some fundamental background.
For more visit ForexLive.com
A look at the EURUSD key technical levels ahead of the US jobs report
2023-07-07
The EURUSD stays below the 200 hour MA
AUDUSD lower on the day after squeeze higher post RBA decision yesterday stalls
2023-07-05
In this video, we analyze the recent price action of AUDUSD, which experienced a lower movement following a failed breakout after the RBA decision.
The pair’s upward momentum yesterday faltered as it encountered resistance at the 100-day and 200-day moving averages around the 0.6693 level. Join us as we discuss the significance of this price development and explore the potential implications for AUDUSD going forward.
Gain valuable insights into the role of these key moving averages and the impact they have on the pair’s price movements.
The EURUSD and the GBPUSD move back toward the 100/200 hour MAs
2023-04-11
The USDJPY is trading back below its 100 day MA. What next?
In the morning Forex technical report, I take a look at the EURUSD, USDJPY and the GBPUSD. Both the EURUSD and GBPUSD or higher, but have backtracked lower and tests the 100 and 200 are moving average areas. For the USDJPY, it had a shot above its 100 day moving average both yesterday and into today’s trading, but has failed and trades below the level. Can the sellers stay below that key technical barometer today?
AUDUSD rebounds off lows but retracement stalls near resistance
2023-04-05
The AUDUSD fell sharply today but has seen a bounce with the USD selling. The price trades between short term support and resistance. What does that look like? What’s next? Those questions are answered in this trading video.
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