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USDJPY Technical Analysis
2023-09-05
Here’s a quick technical analysis on the USDJPY pair with some fundamental background.
For more visit ForexLive.com
USDCHF corrects lower today but finds support ahead of MA support
2023-08-30
The USDCHF trades between the 100 and 200 bar MAs on the 4-hour chart. The 100 bar MA at 0.87923 and the 200 bar MA is at 0.87336.
AUDUSD extends above 200 day MA. Buyers in control.
2023-06-08
High from yesterday eyed.
The AUDUSD is up testing the high from yesterday’s trading at 0.6717. The high price just reached 0.67149 after breaking back above its 200-day moving average of 0.66907.
What next?
Moving above the 200-day moving average sets is as a risk-defining level once again. Stay above is more bullish. On the top side, the 100-day moving average at 0.67425 would be the next key target on a break of the high from yesterday at 0.6717. The last time the price traded above its 100-day moving average was back on May 11.
USDJPY tries to extend higher but has trouble
2023-06-07
USDJPY trades above 100 hour MA, but has 200 hour MA above to conquer
USDJPY buyers making a play in early US trading
2023-06-06
The USDJPY buyers are making a play above the 100/200 hour MA in early US trading. Those MA come in at 139.493 and 139.77. If the buyers are serious, moving away from the MAs would show their commitment.
The USDJPY pair has been trading within a fairly narrow range between 138.73 and 140.92 over the last 10 or so trading days. The pair remains near the high of the move up from May, it is just having difficulty keeping the momentum going as traders fluctuate their feelings to the intraday whims of the market.
EURUSD technical levels in play for the week starting June 5th
2023-06-02
In this video, Greg Michalowski from Forexlive.com takes a look at the technical levels that will be in play next week and explain why.
NZDUSD moves to the lowest level since November 2022. What next?
2023-05-31
NZDUSD price breaks below the 50% midpoint of the range since the 2022 low.
The NZDUSD yesterday moved down to test the 50% midpoint of the range since the 2022. That level comes in at 0.60242. The low price yesterday reached 0.6024.
Today, the price moved below that 50% level, and it opened the door for further selling. The current prices trading to a new session lower 0.5987.
Risk on a daily chart is a move back above the 50% retracement. Stay below is more bearish.
USDJPY trades closes below 100 hour MA for first time since May 12
2023-05-30
USDJPY below 100 hour MAThe USDJPY has fallen below its 100 hour moving average at 139.949 and close below that level over the last 2 hourly bars. The price of the pair last close below that moving average on May 12. The last cycle low was on May 3 at 133.492. The high price today reached 140.96 before rotating back to the downside. That’s a move of about 743 pips in 18 trading days. Not a bad move.
The price low today reached 139.57. That level happens to be the 50% midpoint of the range since the 2022 high in October (see daily chart below).
With the 100-hour moving average above in the 50% retracement below, the battle is on between the buyers and sellers. If the 50% level is broken, traders would look toward the rising 200-hour moving average 139.133. If the price can get
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