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Technical Analysis

Crude oil settles at $71.23. A close below the 200 week MA is avoided.

crude oil

Crude oil settles at $71.23. A close below the 200 week MA is avoided.

  • The price is up $1.89 or 2.73%. The 200-week MA comes in at $70.32.
Greg Michalowski
Greg Michalowski
Friday, 08/12/2023 | 20:06 GMT-0
08/12/2023 | 20:06 GMT-0

USDCHF approaching key resistance, traders eye targets on the daily and hourly charts

USDCHF

USDCHF approaching key resistance, traders eye targets on the daily and hourly charts

  • The USDCHF has moved higher this week and is nearing a crucial resistance level. Traders are watching to see if it breaks above this level and extends towards higher targets, or if it faces strong selling pressure and resumes its downward trend.
Greg Michalowski
Greg Michalowski
Friday, 08/12/2023 | 19:48 GMT-0
08/12/2023 | 19:48 GMT-0

USDCAD trades to new highs amid volatile up and down trading today

USDCAD

USDCAD trades to new highs amid volatile up and down trading today

  • USDCAD reaches a new daily high but faces resistance. Traders watch key levels and moving averages for market direction.
Greg Michalowski
Greg Michalowski
Friday, 08/12/2023 | 17:47 GMT-0
08/12/2023 | 17:47 GMT-0
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FBS Unveils Best Day Trading Strategies for 2023

FBS stock picks

FBS Unveils Best Day Trading Strategies for 2023

  • A look into FBS' strategies and picks.
FBS
FBS
Tuesday, 03/10/2023 | 21:06 GMT-0
03/10/2023 | 21:06 GMT-0

Not so fast. S&P and Dow indices turn back in the red for the day/week

NASDAQ

Not so fast. S&P and Dow indices turn back in the red for the day/week

  • Major indices now trading down on the day
Greg Michalowski
Greg Michalowski
Friday, 08/12/2023 | 16:51 GMT-0
08/12/2023 | 16:51 GMT-0

Anticipating a Move: NZDUSD trading mostly within a value area, but look for a break soon

NZDUSD

Anticipating a Move: NZDUSD trading mostly within a value area, but look for a break soon

  • The NZDUSD has been trading within a value area between 0.6112 and 0.6191. The current bias favors the downside with a break below the value area and potential bearish momentum. Buyers may lean in and take the price higher instead.
Greg Michalowski
Greg Michalowski
Friday, 08/12/2023 | 16:41 GMT-0
08/12/2023 | 16:41 GMT-0

EURUSD moves higher. Goldilocks Univ of Michigan sentiment, and inflation data.

eurusd

EURUSD moves higher. Goldilocks Univ of Michigan sentiment, and inflation data.

  • What next for the EURUSD after University of Michigan shows Goldilocks scenario of strong growth and lower inflation.
Greg Michalowski
Greg Michalowski
Friday, 08/12/2023 | 15:21 GMT-0
08/12/2023 | 15:21 GMT-0

GBPUSD finds support buyers near trend line. Can the sellers remain in control?

GBPUSD

GBPUSD finds support buyers near trend line. Can the sellers remain in control?

  • GBPUSD moved lower after stronger-than-expected US jobs report, but found support buyers near trend line. Traders watching key technical levels for further direction clues.
Greg Michalowski
Greg Michalowski
Friday, 08/12/2023 | 14:19 GMT-0
08/12/2023 | 14:19 GMT-0

EURUSD trades in a neutral area and waits for the next shove

EURUSD

EURUSD trades in a neutral area and waits for the next shove

  • The air trade between the 100-day moving average above at 1.0798, and the 100 day below 1.0763. Awaits in the next shove.
Greg Michalowski
Greg Michalowski
Friday, 08/12/2023 | 13:27 GMT-0
08/12/2023 | 13:27 GMT-0
ForexLive Video

The CAD is the strongest and the NZD is the weakest as the North American session begins

forex

The CAD is the strongest and the NZD is the weakest as the North American session begins

  • The USD is mostly higher head of the US jobs report at 8:30 AM ET
Greg Michalowski
Greg Michalowski
Friday, 08/12/2023 | 13:05 GMT-0
08/12/2023 | 13:05 GMT-0
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Bitcoin wandering in the range

bitcoin fxpro

Bitcoin wandering in the range

  • The resistance is temporary, and after some consolidation, we should expect a new test.
FxPro
Thursday, 06/07/2023 | 08:51 GMT-0
06/07/2023 | 08:51 GMT-0

Nasdaq Composite Technical Analysis

Nasdaq Composite

Nasdaq Composite Technical Analysis

  • The Nasdaq Composite consolidates between the 21 moving average and the cycle high. What’s next?
FL Contributors
FL Contributors
Friday, 08/12/2023 | 12:03 GMT-0
08/12/2023 | 12:03 GMT-0

Unlocking the Future of S&P 500 E-Mini Futures: Watching 4685 next, then 4711

Do something great, ForexLive.com

Unlocking the Future of S&P 500 E-Mini Futures: Watching 4685 next, then 4711

  • Delve into the dynamic world of S&P 500 E-Mini Futures and discover key levels to watch, specially 4685 next on the new March 2024 contract for ES. Stay ahead with ForexLive for real-time updates and expert opinions in making informed trading decisions.
Itai Levitan
Itai Levitan
Friday, 08/12/2023 | 10:51 GMT-0
08/12/2023 | 10:51 GMT-0

AUDUSD Technical Analysis

AUDUSD

AUDUSD Technical Analysis

  • The AUDUSD pair bounces near the key support zone. What’s next?
FL Contributors
FL Contributors
Friday, 08/12/2023 | 10:46 GMT-0
08/12/2023 | 10:46 GMT-0

USDCAD Technical Analysis - Watch what happens around this key resistance zone

USDCAD

USDCAD Technical Analysis - Watch what happens around this key resistance zone

  • The USDCAD pair pulls back and rejects the key trendline. What’s next?
FL Contributors
FL Contributors
Friday, 08/12/2023 | 09:09 GMT-0
08/12/2023 | 09:09 GMT-0

USDJPY Technical Analysis

USDJPY

USDJPY Technical Analysis

  • The USDJPY pair craters as Governor Ueda hints to rate hikes in 2024. What’s next?
FL Contributors
FL Contributors
Friday, 08/12/2023 | 08:08 GMT-0
08/12/2023 | 08:08 GMT-0

EURUSD Technical Analysis

EURUSD

EURUSD Technical Analysis

  • The EURUSD pair continues to fall hard amid changing rate cuts expectations. What’s next?
FL Contributors
FL Contributors
Friday, 08/12/2023 | 07:02 GMT-0
08/12/2023 | 07:02 GMT-0
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Bitcoin retreats but Ethereum poised for a bullish breakout

bitcoin

Bitcoin retreats but Ethereum poised for a bullish breakout

  • An upside breakout has not been confirmed, and the logical development is a pullback.
FxPro
Wednesday, 05/07/2023 | 09:14 GMT-0
05/07/2023 | 09:14 GMT-0

Broadcom earnings to be reported after the close

Broadcom

Broadcom earnings to be reported after the close

  • Strong data the upside has chips all rally
Greg Michalowski
Greg Michalowski
Thursday, 07/12/2023 | 21:04 GMT-0
07/12/2023 | 21:04 GMT-0

Crude oil futures settle at $69.34

Crude oil

Crude oil futures settle at $69.34

  • Down four cents or -0.06%
Greg Michalowski
Greg Michalowski
Thursday, 07/12/2023 | 19:55 GMT-0
07/12/2023 | 19:55 GMT-0

EURUSD tests key moving averages, but sellers stall the rally

EURUSD

EURUSD tests key moving averages, but sellers stall the rally

  • EURUSD tests 100-day/50% retracement levels, with buyers supporting the price. Resistance up to 1.0825 stalls the upside momentum. Traders eye break above 1.08252, or below 1.0766
Greg Michalowski
Greg Michalowski
Thursday, 07/12/2023 | 19:29 GMT-0
07/12/2023 | 19:29 GMT-0

USDJPY continues its tumble as it skirts below its 200-day moving average at 142.292

USDJPY

USDJPY continues its tumble as it skirts below its 200-day moving average at 142.292

  • The last plunge triggered stops and is bouncing.
Greg Michalowski
Greg Michalowski
Thursday, 07/12/2023 | 18:02 GMT-0
07/12/2023 | 18:02 GMT-0

GBPJPY plunges as Bank of Japan's Ueda hints at tighter policy in 2024

GBPJPY

GBPJPY plunges as Bank of Japan's Ueda hints at tighter policy in 2024

  • GBPJPY sharply drops below key support levels, signaling a bearish trend after Bank of Japan's Ueda suggests possible tightening if inflation doesn't decrease.
Greg Michalowski
Greg Michalowski
Thursday, 07/12/2023 | 16:52 GMT-0
07/12/2023 | 16:52 GMT-0

USDJPY nosedives below 50% midpoint as bearish trend persists

USDJPY

USDJPY nosedives below 50% midpoint as bearish trend persists

  • USDJPY has broken below its 50% midpoint, signaling a continued downward trend. BOJ's policy change announcement pushed the JPY higher and USDJPY lower. Traders now eye 143.880 and 142.841.
Greg Michalowski
Greg Michalowski
Thursday, 07/12/2023 | 16:06 GMT-0
07/12/2023 | 16:06 GMT-0
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Bitcoin's breakthrough

bitcoin

Bitcoin's breakthrough

  • BTC is on the move
FxPro
FxPro
Wednesday, 21/06/2023 | 10:08 GMT-0
21/06/2023 | 10:08 GMT-0
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