Technical Analysis

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 attempt quickly failed. On Thursday, buyers gave

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

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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, encouraging traders to probe lower levels.

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 falling 100-hour moving average (MA).

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 subsequent upside move took the price toward

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

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 chart below). Buyers

The EURUSD moved lower and below an upward sloping trend line in the process, but selling stalled and the price rose. The move up has returned to the lower of 3 moving averages starting with the 100-bar MA on the 4-hour chart at 1.0530 200-hour MA at 1.05385 100-hour mA at 1.05517 Get above that

The Reserve Bank of Australia announced no change in interest rates as per expectations, but it was considered a more dovish decision. As a result, the price of the AUDUSD moved lower and back toward the lows from Friday’s trading. US yields moving higher has kick started the move higher in the US dollar as

The price of crude oil is settling at $68.37. That is up $1.17 or 1.7%. The high price reached $68.85. The low price was at $67.07. Looking at the hourly chart, the high price today was able to breach the near-converged 100 and 200-hour moving averages at $68.63. However, the price could not sustain momentum

The USD/CHF pair moved higher during the Asian-Pacific session, briefly breaking above a key swing area between 0.8794 and 0.87995 (rounded to 0.8800). The high of the day reached 0.88035 before reversing to the downside. The failure to sustain momentum above 0.8800 triggered a move lower, with the price retesting the 200-bar moving average on

This is an interesting piece from Finance Magnates (good buddies of ForexLive!), it examines FX Market Reactions to Key Economic Events: focus on Federal Reserve meetings, NFP releases, and CPI announcements using high-frequency data to analyze millisecond-level price changes The report highlights the speed of price movements. It shows that 60% of price changes within

The AUDUSD has seen steady sellers in trading today. The currency pairs now down -0.40%. And extending below what was a floor in the month of November between 0.6433 and 0.64419. That area is now close risk for sellers looking for more downside. Stay below is more bearish. The move to the downside was started

Fundamental Overview Nothing has changed in terms of the fundamentals this week as the market awaits the US NFP and the US CPI data. The US Dollar continues to consolidate around the highs as the market reached the peak in the repricing of interest rates expectations and it will need stronger reasons to price out

Fundamental Overview The Russell 2000 has been underperforming the other major indices recently and failed to extend into new highs. The conditions for a strong rally into new all-time highs remain in place though. In fact, Trump’s policies will be a positive driver for growth in 2025 and with the Fed remaining in an easing

Fundamental Overview The S&P 500 managed to extend the rally into a new all-time high recently. The conditions for further upside in the index remain in place. In fact, Trump’s policies will be a positive driver for growth in 2025 and with the Fed remaining in an easing cycle, growth should remain positive and might

Fundamental Overview The Nasdaq managed to extend the rally into a new all-time high recently. The conditions for further upside in the index remain in place. In fact, Trump’s policies will be a positive driver for growth in 2025 and with the Fed remaining in an easing cycle, growth should remain positive and might even