Technical Analysis

Fundamental Overview The bullish momentum in the US Dollar seems to be waning despite the recent higher-than-expected US CPI and PPI reports. One caveat is that the market has now priced out the aggressive rate cuts expectations and it’s almost perfectly in line with the Fed’s projections. Therefore, we will likely need more strong US

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

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 USDCAD has been trending to the upside since bottoming on October 2 near 1.3472. The momentum over the last eight trading days has taken the price up to a high of 1.37826. That took the price to the low of the next swing area target between 1.3784 and 1.38036 (going back to April 2024

The AUDUSD moved lower a week ago on the stronger-than-expected US jobs report. However, the price remained above its 200 bar moving average on the 4-hour chart (green line on the chart below). It wasn’t until Monday that the price broke below that level (currently at 0.6779) and ran lower. The low price initially stalled

The NZDUSD traded above and below the 100-day MA this week but above the 200-day MA (green line) into the mid-week RBNZ rate decision. The central bank cut rates by 50 basis points and that sent the pair below the 61.8% but buyers came in against the 61.8% retracement. The subsequent bounce off the low

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

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

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 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

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%

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 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

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

Fundamental Overview The JPY lost some more ground this week following Japan’s PM Ishiba’s comments on Wednesday as he delivered dovish remarks. As a reminder, the JPY got a boost last week when he was elected because he was viewed as a hawk and supportive for further rate hikes. It turned out that he’s the

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