forex for beginners
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US stocks hit the skids as the day works to the close<p>The major US stock <a href="https://www.forexlive.com/terms/i/indices/" class="terms__main-term"...
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GBPUSD back above swing area after low from last week attracts buyers<p>The GBPUSD moved down to test the swing low from last week at 1.19601. The low price they reach 1.1964 and stalled. </p><p>The...
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EURUSD now up on the day. Above the close from yesterday at 1.0686<p>After barely taking out the low from Monday at 1.06547 earlier today (the low reached 1.06536), the EURUSD started the recovery...
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USDCHF broke above ceiling this week, but failed today. What now?<p>The USDCHF broke to a new week high with a break above the 0.9259 to 0.9262 area (see blue numbered circles), and extended to a high of...
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US 10 year yield up 50 basis points from its February 2 low<p>The US 10 year yield is up around 2.7 basis points at 3.834%. The yield has moved up eight of the last nine trading days since bottoming...
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Target levels in major currency pairs stalling moves<p>Looking at some of the major currency pairs, there is some stall in the USD run higher:</p><p>EURUSD: The EURUSD moved down to...
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USDCAD buyers take the price above recent highs with sharp move higher<p>After testing the low of the up and down swing extremes on Tuesday and racing above the 100 and 200 hour MAs (blue and green lines)...
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AUDUSD pushes to the low floor after key MA resistance held at session highs<p>The AUDUSD has seen volatile down, and back up and back down price action today.</p><p>The initial catalyst to the downside...
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FOREX TECHNICAL VIDEO:PPI comes in hotter than expected sending the USD higher. What next?<p>The US PPI data came in stronger than expected and that sent the USD higher in early NY trading. In the US morning forex technical...
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EURUSD sellers lean against the 200 hour MA in trading today. What next going into data?<p>With a slew of data out today and Fed speakers on the schedule, the <a href="https://www.forexlive.com/terms/e/eur-usd/"...
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The GBP is the strongest and the CAD is the weakest as the NA session begins<p>The GBP is the strongest and the weakest is the CAD as the NA session begins. The major currencies are all scrunched together with little...
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EUR/USD Technical Analysis<p>On the daily chart below, we can see that the price is finding <a...
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S&P500 Technical Analysis<p>On the daily chart below, we can see that the <a...
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XAU/USD Technical Analysis<p>On the daily chart below, we can see how the recent repricing in interest rates expectations led to a sell off in gold. The precious metal...
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XTI/USD Technical Analysis<p>On the daily chart below, we can see that the price is still stuck in the range between the <a...
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Bitcoin makes a run higher.<p>The price of bitcoin is now up 7.14% on the day and is moving toward the high from February. Above that is other swing areas going back...
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US crude oil settles at $78.59<p>US crude oil futures are settling at $78.59 and down -$0.47 or -0.59%. The high reached $79.15. The low reached $77.25....
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AUDUSD bounces off swing area floor<p>The AUDUSD trended lower in trading today and is the weakest of the majors. However, it has found some support in a swing area floor that...
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USDCAD is back to pinging after ponging over the last few days<p>Looking at the hourly chart of the USDCAD, the pair is back "pinging" (going higher) after "ponging" (going lower)...
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USDJPY prints new session highs<p>The USDJPY is trading at a new session high and in the process is moving away from the 61.8% of the move down from the December high (see...
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Major US stock indices open with the declines after stronger retail sales<p>The major US stock indices are opening with declines as strong retail sales keeps the Fed on track for more tightening....
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NZDUSD moves back below the midpoint of the 2022 trading range<p>The NZDUSD has moved back below the 50% of the 2022 trading range at 0.62719 today.</p><p>Recall that the high price from...
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VIDEO: Retail sales surprise to the upside. What did that do for the forex technicals?<p>The US retail sales surprised to the upside. What that do for the forex technicals?</p><p>In the morning forex technical...
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BTC/USD Technical Analysis<p>On the daily chart below, we can see that Bitcoin reached the <a...
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EUR/USD Technical Analysis: Nearest Buying Levels - 16 February 2023The US dollar rose as better-than-expected retail sales data failed to spark a rally in financial markets.
