Technical Analysis

Euro erases gains on the day as dollar regains some poise

Euro erases gains on the day as dollar regains some poise

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EUR/USD slumps to a low of 1.1427 from the highs earlier ForexLive Welcome to year-end trading, everyone. There isn't any headlines that is driving the move here but of note the dollar is gathering some bids as the session moves along after slipping early on in the day. EUR/USD has just slumped to a session…
EUR/USD looks to retest the 100-day moving average again to end the week

EUR/USD looks to retest the 100-day moving average again to end the week

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Can buyers manage a break above the key level? ForexLive Upside pressure is continuing to build for EUR/USD as price searches for a clean break above the 100-day MA (red line) and the 1.1500 handle. If buyers can successfully achieve that, the bearish bias/momentum in the pair will be broken and technical levels suggest further…
AUD/USD lingers near 0.71 as sellers maintain bearish bias, what’s next?

AUD/USD lingers near 0.71 as sellers maintain bearish bias, what's next?

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AUD/USD looks to settle near the year's lows as we wrap up 2018 ForexLive Sellers are in cruise control as we approach the year-end with price settling under both key moving averages in the daily and hourly chart. Currently, price is hovering just above the 0.7100 handle as sellers continue to look for a break…
USD/JPY: Buyers lose upside momentum but defend key support level

USD/JPY: Buyers lose upside momentum but defend key support level

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The pair closed below the 100-day MA for the first time in April yesterday ForexLive The breakdown of the bullish momentum/bias for the first time in April saw the floodgates open as the pair sank to a low of 110.81 where it tested the 200-day MA (blue line) before bouncing into the close. The drop…
Another day. Another down day for stocks.

Another day. Another down day for stocks.

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Dow down -2%. S&P and Nasdaq sheds 1.6%. Another rough day for stocks. Another day. Another down day for stocks as investors worry about growth, government shut down, trade...the usual.  Technically, the charts are not that supportive either. The final numbers are showing:  S&P down -39.60 points or -1.58% at 2467. The low reached 2441.18…
USDCAD rotates lower after a failed break higher

USDCAD rotates lower after a failed break higher

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Higher high over the last three days but may be running out of steam The USDCAD has been respecting a lower trend line over the last few weeks on the hourly chart, and also a topside trend line over the last few trading days. Today, the price moved above that higher trend line, and should…
EURUSD retests its 100 day MA

EURUSD retests its 100 day MA

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USDJPY reaches the 200 day MA The EURUSD has moved all the way back up to the 100 day MA.... For the USDJPY, the pair is down testing it's 200 day MA and 38.2% retracement. For the GBPUSD, the pair is moving back toward the 1.2700 level. The high for the day reached 1.2706 earlier.
FTSE Chart Analysis – Testing Support Amid Weak Trend

FTSE Chart Analysis – Testing Support Amid Weak Trend

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FTSE Technical Highlights: FTSE pressing on support, will it hold? Broader topping pattern remains big-picture focus Looking for forecasts, long-term trade ideas, and educational content? We got you covered. Check out the DailyFX Trading Guides page for details. FTSE pressing on support, will it hold? U.S. markets have been getting crushed, but even as such…
Australian Dollar, ASX 200 May Yet Face RBA Rate Cuts in 2019

Australian Dollar, ASX 200 May Yet Face RBA Rate Cuts in 2019

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TALKING POINTS – ASX 200, AUSTRALIAN DOLLAR, RBA Australian rate futures markets have started to tentatively price in lower interest rates This is despite the Reserve Bank of Australia’s belief that the next move will most probably be a rise Someone has to be wrong Join our analysts for live and interactive coverage of all…
EUR/GBP Technical Analysis: Best Weekly Gains in 2018 at Risk?

EUR/GBP Technical Analysis: Best Weekly Gains in 2018 at Risk?

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EUR/GBP Technical Analysis EUR/GBP on the verge of its longest weekly winning streak in about 16 months The pair may be getting ready to either extend its dominant uptrend or reverse Clearing horizontal range resistance between 0.906 and 0.9098 won’t be easy Just started trading EUR/GBP? Check out ourbeginners’ FX markets guide! EUR/GBP prices may…

ANALYST PICKS

GBP/JPY Broke Big Support with Conviction

GBP/JPY Broke Big Support with Conviction

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GBP/JPY Trade Highlights: GBP/JPY big bearish day through confluence of support Clears path for potentially much lower prices Old support becomes new level of resistance For longer-termset-ups, check out our Top Trading Opportunities for 2018 Yesterday, GBP/JPY broke a big zone of support in the 148/147 vicinity with strong momentum. The zone consisted of three…
Waiting Patiently for EUR/USD and GBP/CAD Breaks

Waiting Patiently for EUR/USD and GBP/CAD Breaks

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There are a number of the majors and crosses that are leveling up to short-term technical boundaries as speculative debate over a break and hold/reversal start to pick up. Typically, my preference is to favor a 'path of least resistance' as probababilities favor it; but the fundamental charge has started to generate serious concern across…
Analyst Pick: Short EUR/JPY & Short GBP/JPY

Analyst Pick: Short EUR/JPY & Short GBP/JPY

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Looking to improve your trading results? Check out the Traits of Successful Traders series for insight into risk management and developing a trading plan. The turnaround in the US Dollar is getting a lot of attention in the wake of Fed Chair Jerome Powell’s testimony to the House Financial Services Committee. Accordingly, traders have been…
NZ Dollar May Continue Heading Lower Against its US Counterpart

NZ Dollar May Continue Heading Lower Against its US Counterpart

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NZD/USD Trading Strategy: Pending Short at 0.7304 NZD/USD seems to be heading lower in a confined range following a double top formation New Zealand Dollar may continue losing ground versus USD as yield advantage slowly dies Prices are below optimal level for risk management, order placed to enter short at 0.7304 The New Zealand Dollar…