EURUSD bottoms this week at the 200 day MA and bounce. What next?
2024-01-19
The EURUSD this week trended lower into Wednesday but found support buyers against its 200-day moving average. The moving average was tested on two separate occasions, and each time buyers leaned and pushed the price higher.. What next?
NZDUSD tests, but can’t break a cluster of support
2024-01-18
The 0.6071 to 0.60901 area is a key support target for the NZDUSD. In this video, I outline the support and show what needs to be done to increase a bullish bias after the sharp fall this week.
AUDUSD keeps the trend going to the downside but reaches a key swing level target. What next?
2024-01-17
The 0.65229 level in AUDUSD was near the low today and that was a low back in November and December before running higher.
The playbook for 2024 trading
2024-01-15
The big picture the question is: Will we return to a 2010s style regime of low inflation and low rates? Last week’s CPI data showed that we are and I think that’s a big tailwind for all risk assets.
The focus right now is on central banks but waiting longer to cut rates probably won’t be bullish for risk-sensitive currencies because headwinds are mounting, particularly due to housing and immigration.
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Kickstart your FX trading for January 11 with a look at the EURUSD, USDJPY and GBPUSD
2024-01-11
The USD is higher after the stronger US CPI but what are the technicals saying?