Technical Analysis

A week ago today, the USDCHF made a break to the upside and out of the “Red Box” that had confined the pair going back to August 20. The US jobs report was the catalyst for the move higher, but by Monday, the price fell back to the high of that “red box” and even

The US PPI data came out and showed the YoY higher than expectations (but the headline was lower than the revised higher level), but the MoM data was more tame. The short end of the yield curve is a little lower. The long end, not so much. The US stocks are steady but lower on

Fundamental Overview Yesterday, the USD got a boost from a higher than expected US CPI report but gave back the gains pretty quickly. There are two reasons for such a reaction. The first is that at the same time of the US CPI release we got the US Jobless Claims figures which jumped to the

Fundamental Overview Yesterday, the USD got a boost from a higher than expected US CPI report but gave back the gains pretty quickly. There are two reasons for such a reaction. The first is that at the same time of the US CPI release we got the US Jobless Claims figures which jumped to the

Fundamental Overview Yesterday, the USD got a boost from a higher than expected US CPI report but gave back the gains pretty quickly. There are two reasons for such a reaction. The first is that at the same time of the US CPI release we got the US Jobless Claims figures which jumped to the

Fundamental Overview Yesterday, the USD got a boost from a higher than expected US CPI report but gave back the gains pretty quickly. There are two reasons for such a reaction. The first is that at the same time of the US CPI release we got the US Jobless Claims figures which jumped to the

The AUDUSD fell to – and through the 38.2% retracement of the move up from the August low at 0.67146 late yesterday, but bounced higher in the Asian session today. The high price in the Asian session extended up to 0.67417 which was just short of the low of a swing area 0.67429. The subsequent

If you are confused about the price action, you are not alone. However, technicals often tell the story of the price action, and if you can think of the price action as the dilemma buyers and sellers are facing, that story becomes more clear. IN the NZDUSD, we know the 61.8% was support. I talked

As the NA session begins, the NZD is the strongest and the CAD is the weakest of the major currencies. The USD is sitting near the middle of the range of currencies with a modest downward bias before the release of the key CPI data at 8:30 AM ET. The expectation is for a gain

Yields in the US have moved higher with the 10-year yield now up 2.8 basis points and the 2-year yield up 3.2 basis points. In addition, the chance of no change in policy in November reached close to 25% today before rotating back down to 20%. It wasn’t long ago that the market was pricing

The NZDUSD traded to the highest level in 2024 just last week (eight trading days ago). The high price reached 0.63778. Today after they are beyond the cut rates by 50 basis points, the price low traded to 0.60516. That’s 327 pips in a trading days. Technically the decline seen in trading today has taken

Fundamental Overview The USD rallied across the board last Friday following the hot US NFP report. The market priced out all the aggressive rate cuts expectations and it’s now finally in line with the Fed’s projections. The focus remains on the economic data. The next key event to watch will be the US CPI report

Trading successfully needs to focus on risks and putting the odds of success in your favor. That can manifest in different ways but one way is recognizing a pattern by traders. When I look at the EURGBP, the pattern on the 4-hour chart is simple. In trading today: The 200-bar MA stalled the rally today

The NZDUSD has been trending lower over the last 7 days of trading. That has helped to push the price down from a high of 0.6378 to a low of 0.6106 today. That is 272 pips in 7 trading days, which is a pretty good move. Today there is some up and down stall. Why?

Fundamental Overview The USD rallied across the board last Friday following the hot US NFP report. The market priced out all the aggressive expectations and it’s now finally in line with the Fed’s projections. The focus remains on the economic data. The next key event to watch will be the US CPI report on Thursday.

The price of crude oil is trading at $77.22 that’s up $2.83 or 3.81%. The high price reached $77.36. The low price was at $73.65. Crude oil futures settled at $77.14 up $2.76 or 3.71%. Expectations of a retaliatory strike against Iran is leading to the surge. Today was the first anniversary of the terrorist

The USDCAD has broken above the swing area between 1.3615 and 1.3622 (see earlier video). Earlier today, the price extended above its 200-day moving average at 1.36012, and then based against the moving average before moving higher. The buyers continue to push and are now looking toward the high price from September which came in

Fundamental Overview Crude oil rallied strongly last week following the tensions in the Middle East between Israel and Iran. We also got some key technical breakouts that increased the bullish momentum. Last Friday, we also got a strong US NFP report which cast aside recessionary fears and strengthened the case for a future pick up

Crude Oil Price Forecast: Navigating the Next Moves 🛢️📈 Hello traders and investors! This is Itai Levitan, an experienced market analyst at ForexLive.com, tracking crude oil for you today as well as what I am looking at. Let’s dive into the insights you need to make informed trading decisions. 🌊 Recent Rally Highlights 🚀 Strong

As the week comes to a close, the USDJPY is trading near the highs for the day and the week. The move to the upside today off the unexpected US jobs report, was able to take the price above a key swing area ceiling around the 147.33 level and also above the 38.2% retracement of

As we head into the close, the EURUSD is trading near lows for the week. The strong US jobs data today helped to push the pair below a swing area between 1.1001 and 1.1014, and also the 50% midpoint of the move up from the August 1 low at 1.0995. That area will now be

The RBNZ will meet next week and expectations are a 50 basis point cut (they meet on Wednesday in NZ). The fall today and the price below a swing area between 0.6167 and 0.61796. That area will now be close resistance. On the downside the 100 day moving average comes in at 0.6121. The 50%

The AUDUSD moved sharply lower in US trading today on the back of the stronger US jobs report. The move lower took the price below the 38.2% retracement of the move up from the September 11 low at 0.6819 and also the rising 100 bar moving average on the 4-hour chart at 0.6823. On the

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not

The US jobs report has sent the USDCHF, finally outside of the up and down trading range that has mostly confined the pair between 0.8399 and 0.85368. The price was trading near 0.85166 ahead of the report, and has now surged up to 0.8607. At the high, the price has tested the 61.8% retracement of

The US jobs report came in much stronger than expected and that has sent the US dollar to the upside as the initial reaction. Yields are higher and the stock markets are higher as well. In this video, I take a look at three of the major currency pairs from a technical perspective. We know

Fundamental Overview Crude oil rallied strongly on Tuesday following the first news of an imminent missile attack from Iran against Israel. We had also the US ISM Manufacturing PMI release with the new orders index ticking higher in a potentially first sign of an improvement in demand. Yesterday, crude oil extended the gains as we

The major indices are closing lower on the day with the Dow and the Russell 2000 doing the worst ahead of the US jobs report tomorrow. The final numbers are showing: Dow industrial average -184.73 points or -0.44% at 42011.59 S&P index -9.60 points or -0.17% and 5699.94 NASDAQ index -6.65 points or -0.04% and

While the USDCHF pushes the topside of the “Red Box” today that has confined the pair going back to August 20, the EURCHF is mired within its own confined range. Apart for a time period between April 10 and April 11, the price of the EURCHF has been confined to a range between 0.9332 and

The USDJPY is trading to a new high at 146.47. In doing so, the pair is up testing the high from last Friday at 146.465. Technically, a move above that high with momentum would have traders targeting the tabletop near 147.189 from September 2 and September 3 The move was largely driven earlier in the