Greetings Fellow Traders, A trade to begin the week! Last week we began with the perspective that the demand to buy the EURUSD instrument was diminishing and that we would be selling our way down just under 1.11000. We also noted that it was possible, for EURUSD to make one last bullish attempt before this drop occurred. EURUSD began last week almost immediately...
Greetings Fellow Traders, Feel free to take a look back on my GBPNZD analyses over the last several weeks/months, you know that I've had my eyes on a price channel that we've been trading in. This price channel if/when broken signifies a bullish continuation on a much larger scale (daily/weekly). It's something we have not been able to confirm but we are very...
Greetings Fellow Traders, USDJPY as previously mentioned this week had broken a key technical level that has been aiding in support for the last year. After this break, the market proceeded to sell off by over 500 pips before recovering some of the damage at the end of the week. What I did not mention in that analysis as it was not needed at the time was what...
Greetings Fellow Traders, What an eventful week right? AUDUSD saw a massive rise to the weekly trend line, trading above former support (yellow area, which we'll look at on the weekly) but managed a very intense sell off on Friday to paint a much different scenario. In a multi week channel on the daily it looks incredibly likely that monday/tuesday very early...
Greetings Fellow Traders, Posted a couple times last week, we had 2 very good selling opportunities off of the weekly bearish strength trend line. Off the second trade the market did not recover any of the over 100 pips rejection off the resistance level and closed the week on a bearish note. I expect this next week to continue the bearish momentum as we look...
Greetings Fellow Traders, Just a small update for those following the other EURUSD analysis. While a sell off did start occurring last week, the perspective for one last rise still remains until the rising support strength shown can be confirmed to be broken. Keep an eye on any bullish strength rally breaking, as well as the bullish strength pictured breaking....
Greetings Fellow Traders, So many on Trading View almost exclusively trade EURUSD - and we've got a good opportunity coming up! My outlook and views overall are no secret for EURUSD - but here's what the current scenario looks like. Buying power is diminishing, look at your indicators, I can see the divergence just by looking at the candles and chart - confirm...
Greetings Fellow Traders, Great trades across the board yesterday, shortly after those trades came to life we find ourselves with a new day an basically the same set up. I've gone ahead and taken a look at the lower time frames and the key technical level is already being defended for further downside, we are simply waiting on a couple key things to fall into...
Greetings Fellow Traders, NZDUSD provided a good buying opportunity yesterday - however since then we've managed to create some structure on to a level that was used for a recent selling opportunity. The weekly bearish trend line. I will be looking for strong bearish pressure with NZDUSD between .6690 and .6710...Any time spent above .67000 should be kept to a...
Greetings Fellow Traders, GBPUSD has broken an intraday consolidation strength, hinting strongly at more downside for the GBPUSD pair. However due to the nature of this consolidation it looks possible for a run up to the bearish strength from highs last week around 1.4470. Shorts are recommended with GBPUSD unless a break and confirmed close above 1.4480 is...
Greetings Fellow Traders, GBPUSD a couple of sell opportunities last night, however we were not granted with the final confirmation to wake up to hundreds of pips. Instead, we were given a new scenario. A bounce off the bullish 4 hour strength trend line and a break of the bearish strength we sold off of...all in the same candle. Subsequent candle has already...
Greetings Fellow Traders, As mentioned last week for USDJPY and GBPJPY the key levels we were paying attention to have been broken and we're ready to get in on some of the action. For those that are not already short on USDJPY look for a 15 minute close below the supporting bullish strength from Monday's trading. The 116 level was important enough for us to see...
Greetings Fellow Traders, This is a pretty picture perfect example of why I prefer to trade what I see on my charts as opposed to what an immediate news release might indicate. It's important to remember that trading is about pairing yourself with what the majority of the interbank market is doing. Without any context the market falling is not a good reason to...
Greetings Fellow Traders, If you've followed my analysis for GBPJPY I've been pretty bearish for the long term for some time now, I was recommending sells near the 184-186 area down to 175 or lower if that were to break. Well, 175 did break and we saw 164s. Recently there was a massive surge back to 175 that I know many of you were able to successfully trade...
Greetings Fellow Traders, Early this week we had a EURNZD trade on the 4 hour chart - however it was quickly nullified, no conviction. This led to a pretty harsh sell off for a couple of days before rebounding and staying above a certain daily strength that was identified. To finish off the week, EURNZD not only closed above on the 4 hour chart - but managed...
Greetings Fellow Traders, EURNZD has broken above a key technical level on the 4 hour chart - Due to the structure associated with this trade I am expecting a move higher for a trend continuation. Entry is at current market 1.6818 Let's see where this one leads Feel free to comment/like/follow
Greetings Fellow Traders, EURUSD broke a very key level I've been keeping my eye on for some time. Typically we wait for a retracement to enter into the new break however the bullish strength was so powerful that even on the 5 and 15 minute time frames we were barely able to get any. This was a Long EURUSD trade that was pretty cut and dry from the daily close...
Greetings Fellow Traders, I will be shorting NZDUSD at current price, if you've been following my NZD analysis you know that I am looking for some significant depreciation in the NZD currency pair in the medium to long term. While .64000 will remain to be a key technical level, NZDUSD has managed to soar up to the weekly bearish strength. I am Short on NZDUSD...