GBPJPY stalls at the 100/200 hour MA

Have traded below the MA levels but no closes below today The GBPJPY has moved lower in trading today. The fall is now tumbling lower, but the price was up 50 points in the Asian session and is down about 55 pips now. So there is a reversal of fortune. The low reached 151.22. We currently trade at 151.46.   The fall to the downside did also crack More...

by Forex Live | Published 4 days ago
By Forex Live On Monday, December 11th, 2017
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AUDUSD tests 100 hour MA

Double bottom on Friday helped buyer today The AUDUSD is up testing the falling 100 hour MA at 0.7543 (blue line in the chart below).  The level should attract seller on the first More...

By Forex Live On Monday, December 11th, 2017
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EURUSD dips to European low and bounces

European low 1.1774. NY session low 1.1776. High for the day tested 100 day MA at 1.17988 The EURUSD rallied up from a European low ow 1.1774 toward the 100 hour MA and the 100 day More...

By Forex Live On Friday, December 8th, 2017
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Deutsche Bank sees 30 risks to watch in 2018

HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide More...

By Forex Live On Friday, December 8th, 2017
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AUDUSD sees a little upside move after China data

China shows strong imports and exports. The AUDUSD is seeing a little upside move after the China trade data. Looking at the 5-minute chart above, the gain is modest, but the price has moved above the 100 bar More...

By Forex Live On Thursday, December 7th, 2017
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The snapshot of the winners and losers at the end of day.

December 7, 2017 strongest and weakest currencies The forex day is in the books, and the winners and losers in the forex market are showing the GBP, the overwhelming strongest currency, More...

By Forex Live On Thursday, December 7th, 2017
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GBPJPY’s floor yesterday, is the ceiling today

Head and shoulders too The GBPJPY yesterday fell through a floor at the 150.54 level and extended that fall through the 50% retracement of the move up from November 28th low (at 149.956). Selling dried up and More...

By Forex Live On Thursday, December 7th, 2017
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USDJPY moves toward 100 hour MA target/test

Back to where the market broke yesterday The USDJPY is moving toward the 100 hour MA.  Recall from yesterday’s trading, in the Asia-Pacific session, the pair fell below the 100 More...

By Forex Live On Wednesday, December 6th, 2017
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The biggest winner and the biggest loser in the forex market today

December 6, 2017  As the day moves toward  the close, the ranking of the winners and losers is about to be crowned. The strongest currency is the JPY. The weakest currency is the CAD.   The USD ended mostly More...

By Forex Live On Wednesday, December 6th, 2017
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Another soggy session for the pound on a risk and Brexit combo

Forex news for the European morning trading session  Dec 2017 News: Data: Once again pound hogging the headlines but by no means the only story. Here’s More...

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