WTI crude futures settle at $90.77. What are the technicals telling traders?

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.

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.

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.

2023-07-10

Here’s a quick technical analysis on the Russell 2000 with some fundamental background.

For more visit ForexLive.com

2023-07-07

The EURUSD stays below the 200 hour MA

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.