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forex
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RSS EURUSD sellers keep the pair below moving averages for most of the week....
The EURUSD is ending the week lower after an up-and-down path to the downside. The move to the downside fell below a cluster of MAs with the 200 hour MA being the one that has put a lid on the pair on Tuesday, Wednesday, Thursday and again on Friday. That ceiling increases the 200 hour MA... -
RSS GBPUSD sets the key levels to eye in the new trading week with the price action today
GBPUSD Technical Analysis: Sellers Regain Control The GBPUSD started the week in a choppy trading range, with buyers repeatedly testing the 200-bar moving average (MA) on the 4-hour chart. Over the first four days (and last Friday), the price briefly moved above this MA multiple times, but each... -
RSS US yields at highs and so is the USDJPY
US yields are trading at fresh highs, with the 10-year yield up 7.0 basis points today to 4.395%. This marks a 24-basis-point gain for the week, the largest 1-week jump since mid-January 2024. The rising yields have fueled a strong rally in the USDJPY, which continues to track higher. Key... -
RSS NZDUSD is testing swing lows from 2022 and 2023 . Can the floor be broken?
The NZDUSD is trading at a new 2024 low today, reaching 0.5753, positioning the price near the midpoint of key swing lows from November 2022 and end of October 2023: 0.5739 (November 2022 low) 0.5772 (October 2023 low) A break below this support area would strengthen the bearish bias... -
RSS AUDUSD sellers remain in control but with a key floor area on the downside being tested
The AUDUSD remains under seller control, but a critical support zone between 0.6334 and 0.6363 is currently being tested. This area has acted as a significant floor on the daily chart since November 2023. Recent Price Action Earlier this week, the price stalled at 0.6336, just above the lower... -
RSS USDCAD extends to a new 4+ year high. What discredits the bullish bias in the short term?
The USDCAD moved higher today, extending to a new 4+ year high of 1.4243, surpassing levels last seen in April 2020. The next key target is 1.4264, the high from April 2020. A break above this level could pave the way for further upside momentum. Why Multi-Year Highs Matter When an asset... -
RSS What is moving? Technicals in play for the 3 major currency pairs to start the new day
UK GDP came in weaker than expected -0.1% for the month versus +0.1% estimate. Construction output, industrial production, manufacturing production was also weaker and the trade balance had a larger deficit. The declines sent the GBP lower but buyers came in near technical support targets and... -
RSS Russell 2000 Technical Analysis – Inflation data doesn’t cooperate
Fundamental Overview The US CPI report on Wednesday came in line with expectations and sealed the 25 bps cut next week. That helped the Russell 2000 as the hedges into a potentially hot CPI got unwound. The gains though were short lived. The US PPI yesterday surprised to the upside and weighed... -
RSS Gold Technical Analysis – The focus has switched to the FOMC decision
Fundamental Overview Gold failed to extend the rally above the resistance zone around the 2723 level and pulled back as we got a technical break, and the US PPI came in higher than expected. In the bigger picture, the market’s pricing remained largely unchanged around three rate cuts by the... -
RSS NZDUSD trades near lows for the day and the year.
The NZD/USD hit a new low for the year yesterday, bottoming at 0.57604, just within the key swing area between 0.5741 and 0.5772 on the daily chart. The price rebounded into the close and continued higher during the early Asian session today, reaching 0.58138, a swing area aligned with the... -
RSS GBPUSD technical analysis: Key levels to watch for potential price movement
The buyers had their chances to push higher, but momentum failed to materialize. Over the past five trading days, the price moved above the falling 200-bar moving average (MA) on the 4-hour chart during four sessions. On the fifth day, the high for the session stalled precisely at the same MA... -
RSS EURUSD follows the technical script
The EUR/USD is following a well-defined technical script after the ECB's 25-basis-point rate cut. The pair initially dropped to a low of 1.0463, just above the upper boundary of a key swing area between 1.0448 and 1.0461. Buyers stepped in at this risk-defining level, triggering a rebound. The... -
RSS USDCHF runs higher after surprise 50 bp cut by the SNB. What next?
The SNB cut rates by 50 basis points to 0.50% from 1.00%, exceeding market expectations of a 25 basis point cut. Following the announcement, the USD/CHF pair climbed from 0.8820 to 0.88937, near the top of a key swing area on the hourly chart, between 0.88808 and 0.88941. Sellers initially... -
RSS AUDUSD has floor support and resistance at the 200 hour MA
The AUDUSD moved to the lowest level since August yesterday and in the process tested the lowest level going back to November 2023 near 0.6334. The price bounced higher into the close, ending the day at 0.6368 - just above the swing area high (see red numbered circles) on the daily chart at... -
RSS USDCAD finds sellers against the highs for the week
The Bank of Canada cut rates by 50 basis points yesterday and the initial reaction was lower (higher CAD). However, after falling below a target at 1.4145, and the rising 100-hour MA, the price snapped back higher. In trading today, the initial reaction was to the downside before rebounding... -
RSS Kickstart your FX trading for Dec 12 w/ a technical look at the EURUSD, USDJPY and GBPUSD
In the kickstart video, I take a look at the technical levels that are driving the three major currency pairs and explain, and show why. In the video I look at the EURUSD, USDJPY and GBPUSD. This article was written by Greg Michalowski at www.forexlive.com. -
RSS Nasdaq Technical Analysis – New all-time high as US CPI hedges get unwound
Fundamental Overview The US CPI report yesterday came in line with expectations and sealed the 25 bps cut next week with the probabilities standing around 97%. The Nasdaq rallied strongly as there were fears of potentially higher than expected data and the hedges into the CPI release got... -
RSS S&P 500 Technical Analysis – Strong rally as hedges into CPI get unwound
Fundamental Overview The US CPI report yesterday came in line with expectations and sealed the 25 bps cut next week with the probabilities standing around 97%. The S&P 500 rallied strongly as there were fears of potentially higher than expected data and the hedges into the CPI release got... -
RSS AUDUSD Technical Analysis – Strong Australian data pushes out imminent rate cut
Fundamental Overview The US CPI report yesterday came in line with expectations and sealed the 25 bps cut next week with the probabilities standing around 97%. Overall, the market’s pricing remained largely unchanged around three rate cuts by the end of 2025. This contributed to some US Dollar... -
RSS USDJPY Technical Analysis – The JPY weakens on known news
Fundamental Overview The US CPI report yesterday came in line with expectations and sealed the 25 bps cut next week with the probabilities standing around 97%. Overall, the market’s pricing remained largely unchanged around three rate cuts by the end of 2025. This contributed to some US Dollar... -
RSS Gold moves up to test swing level from last week of November. Crude oil higher as well.
The price of gold is moving higher and near highs for the day. The price is up $24.61 or 0.92% at $2718.36. The high for the day has reached $2721.16. The move higher is up testing the high from November 25 which peaked at $2721.41 jut above the high for the day. Get above that level and the... -
RSS USDCAD bounces back after initial declines failed to reach key targets
The USDCAD moved lower after the Bank of Canada rate decision as the reaction was it was more of a hawkish cut. BOCs Macklem during his press conference said that they discussed both 25 and 50 basis point rate cuts before ultimately deciding on a 50 bps reduction. That the decision was driven... -
RSS Buyers in the AUDUSD stall the fall at key floor target.
The AUDUSD hit a new low today, dipping into a key swing area between 0.6334 and 0.6363 on the daily chart. This zone has been significant since November 2023, marked by three distinct lows. The price reached 0.6336, just above the lower boundary of this floor (see red numbered circles on the... -
RSS USDJPY keeping the buyers and the sellers in play
The USDJPY continues to keep both buyers and sellers engaged in a tug-of-war. Following the CPI data release, the price dropped from just above the 200-bar moving average (MA) on the 4-hour chart at 153.79 to briefly break below the converged 100-bar MA on the 4-hour chart and the 200-day MA... -
RSS EURUSD retests 200 hour MA and finds sellers again
The EURUSD spiked higher after the CPI data but respected the 200 hour MA for the 2nd time today. In the kickstart video, I outlined how the price needed to get above the cluster of MAs to increase the bullish bias. That was not done. Sellers leaned. The price moved back down. The selling has... -
RSS Forex forecast 11/12/2024: EUR/USD, USD/JPY, USD/CAD, Gold and Bitcoin
We introduce you to the daily updated section of Forex analytics where you will find reviews from forex experts, up-to-date monitoring of financial information as well as online forecasts of exchange rates of the US dollar, euro, ruble, bitcoin, and other currencies for today, tomorrow and this... -
RSS Tax on Forex Trading in South Africa – Understanding Your Obligations
South Africa recognizes Forex trading as a legitimate activity, and the South African Revenue Services (SARS) requires South African residents to pay taxes on Forex trading profits. In short, all South African residents must declare their Forex profits for tax purposes, and there is no getting... -
RSS Forex Trading Market Opening Times in South Africa
The Forex market operates 24/5 and has no official opening and closing times. It operates with a start to the trading week and an end to the trading week. Therefore, Forex trading starts Sunday at 22:00 GMT and ends Friday at 22:00 GMT. For South African Forex traders, it translates to Sunday... -
RSS Is Forex Trading Legal in South Africa in [year]?
South Africa allows its residents to trade Forex, offering a world-class regulatory structure. The country’s time zone is also well-placed for currency trading, allowing traders to participate, during daytime hours in South Africa, in the two most liquid Forex sessions, the London and New York... -
RSS The Most Famous, Rich, and Successful Forex Traders in South Africa
South Africa emerged as a Forex hotspot over the past decade. The FSCA, South Africa’s Forex regulator, established itself as an industry-leading regulator, and South Africa spearheads the African Forex market in innovation and success. The South African Forex trading infrastructure supports... -
RSS Payment Gateways for Forex Brokers
Forex payment gateways are a necessary bridge between a trader’s bank account and their Forex trading account. While Forex traders can use their bank account or the credit/debit card associated with it, Forex payment gateways are faster and cheaper. They can offer additional perks to support the... -
RSS How Is Forex Trading Taxed in the Philippines?
Learn all you need to know about Forex Trading in the Philippines. -
RSS Forex Trading Legality in the Philippines: Regulations and Limits
Is Forex Trading legal in the Philippines? -
RSS Is Forex Trading Allowed in Canada: Legal Status and Guidelines [year]
Learn all you need to know about Forex Trading in Canada. -
RSS Understanding Your Forex Trading Tax Obligations in Canada
Forex Trading Tax Obligations in Canada -
RSS AI and Machine Learning for Forex Trading
Artificial intelligence, or AI, remains in its infancy but is set to disrupt all sectors it touches, and Forex trading is no exception. AI in Forex will revolutionize how analysts analyze markets, how traders trade markets, and how asset managers manage portfolios. Learn about the latest AI and... -
RSS The Best Time to Trade Forex in the Philippines
The Forex market hours Philippines session belongs to the Asian Forex session. -
RSS The Major Forex Currency Pairs
If you're in the trading world, you've probably heard about the 'major' pairs. However, when you're a beginner, you don't understand all this industry's intricacies. Fortunately, this article explains what you must know about the eight pairs. -
RSS Forex Trading Market Opening Times in Canada
Read this article to understand the unofficial trading sessions in the four core Forex markets and how they relate to local times, which can lower your trading fees. -
RSS Is Forex Trading Halal or Haram in Islam?
Is Forex trading permitted in Islamic law? Islamic authorities approve currency exchange under specific circumstances. Is Trading Halal or Haram? -
RSS Tax on Forex Trading in Indonesia - Understanding Your Obligations
Forex presents an exciting opportunity for Indonesians. It offers the ability to day trade for daily profits or find longer-term opportunities by swing trading. Like many countries, there are regulatory and tax obligations for those trading the financial markets, including Forex. -
RSS Can I Trade Forex in the US?
Is Forex trading legal in the US? Yes. Thank you for reading. Wait, there’s more? Well, yes, there’s lots more. Trading Forex in the US has plenty of rules, legislation, and appointed regulatory bodies that affect every aspect of trading. -
RSS The Most Famous, Rich & Successful Forex Traders in Malaysia
Malaysia emerged as a core global tech hub and home to a well-educated and tech-savvy population. The technology infrastructure is ideal for Forex trading, and well-regulated, international, off-shore Forex brokers cater to the rise in trading demand. Malaysia is also an often-visited regional... -
RSS AUD Drops as RBA is Considering Forex Market Intervention
Last week, the Australian Dollar went down by 3.59 percent against the US dollar, breaking a two-week gaining streak. -
RSS GBP/USD Forex Signal: Wedge, Death Cross Points To a Drop to 1.2600 - 11 December 2024
The GBP/USD pair remained in a tight range on Wednesday morning as traders waited for the upcoming US inflation data. -
RSS BTC/USD Forex Signal: Bitcoin Rally Hits a Barrier - 11 December 2024
The BTC/USD pair remained under pressure as the recent surge in the cryptocurrency market waned. -
RSS EUR/USD Forex Signal: Bears Testing $1.0500 Again - 11 December 2024
The big round number is a major pivotal point, strong US CPI data today might cause a bearish breakdown below this level in line with the long-term trend. -
RSS AUD/USD Forex Signal: Hits Ultimate Support, Brief Rebound Likely - 11 December 2024
The AUD/USD pair continued its downtrend after the Reserve Bank of Australia (RBA) left interest rates unchanged as was widely expected. -
RSS USD/JPY Forex Signal: US Dollar Continues to Climb Against Yen - 11 December 2024
During my daily analysis of the USD/JPY pair, we broke above the crucial ¥152 level, an area that of course is rather important. -
RSS AUD/USD Forex Signal: Weak, but Possibly Supported at $0.6375
The Australian Dollar remains weak after the Reserve Bank of Australia strongly hints at further rate cuts in 2025.