walker.england

walker.england

Talking Points • The EUR/USD trades higher on GDP data • Bullish breakouts begin over 1.0887 • Today’s EUR/USD range measures The EUR/USD is rising this morning with Euro-Zone GDP figures being released in line with expectations at 1.6%. Prices are now attempting to breakout to a new high this week over today’s R4 pivot point which is found at a price of...

walker.england

Talking Points • The USDCAD is trading higher on employment data • NFP beat expectations at +211k • Bullish breakouts begin over 1.3425 The USD/CAD is trading higher this morning after US NFP (Non-Farm Payroll) employment figures came in slightly higher than expectations. Expectations for NFP were set at 200k, while the actual figure was released at +211k. NFP...

walker.england

Talking Points • The CAC 40 trades lower on ECB News • Channel support found at 4,736 • New lows may pressure a price drop to 4,400 The CAC 40 is trading down -1.29% from this morning’s open, after a series of drastic price action swings in afternoon trading. Today’s volatility has directly revolved around the ECB (European Central Bank) and their decision to...

walker.england

Market Condition: S&P 500 Pending Bullish Breakout Target 1: 2X Daily ATR at 2147.6 Target 2: Trail Stop with 20 Day Low Invalidation: Bearish Breakout under 20 Day Low The S&P 500 closed above 2,101 in yesterday’s trading. With SSI (Speculative Sentiment Index) reading at an extreme -4.29, trend traders may take both price action and sentiment as signals to...

walker.england

Talking Points • The EUR/USD breaks higher over 1.0582 • Range resistance starts at 1.0573 • Bearish breakouts begin under 1.0542 The EUR/USD prices have broken higher in overnight trading, with prices still residing above today’sR4 Camarilla pivot which is found at a price of 1.0582. While today’s breakout does push the EUR/USD to a new high for the week,...

walker.england

Talking Points • The Dow 30 opens higher this morning • Traders monitor breakouts above 17,871 • Monthly highs reside at 17,916 The Dow Jones Industrial Average (Dow 30) is set to open higher Monday, testing key values of resistance. Day traders will continue to monitor the 17,871 price level, which is represented above by the R4 Camarilla pivot. A move above...

walker.england

Talking Points • The GBP/USD is trading inside yesterday’s price action • Traders may monitor support & resistance for a breakout • Daily ATR currently reads at 96 pips The GBP/USD has continued to consolidate this morning, as traders anticipate a quiet close going into tomorrow’s Thanksgiving holiday. So far the pair continues to range between yesterday’s...

walker.england

Talking Points • CAC40 declines in early morning trading • Trendline support is found at 4,755 • A bearish breakout exposes 4,400 The CAC40 (FRA40) Index is currently trading down -1.62% on the day as French stocks have rapidly declined in early trading. Other European Indecies have sold off as well, including the DAX (Ger30) as shares around the world are...

walker.england

WTI Crude Oil (US OIL) has started Monday’s trading testing resistance of a trading range that has been developing for the last seven days. Currently resistance is marked by Fridays high at a price of $42.73bbl. If prices trade above this value it opens the possibility that prices are completing an A-B-C correction from the October high at $50.90. In this bullish...

walker.england

Talking Points • The USD/JPY remains quite after yesterday’s breakout • Today’s range measures 56 pips • Bullish breakouts begin over 1.5257 The USD/JPY has remained quiet this morning after yesterday’s bearish breakout. So far the pair continues to range into the U.S. open and is currently consolidating between the R3 and S3 Camarilla pivot points displayed...

walker.england

Talking Points • CAC40 finds resistance under 4,961 • Price above 4,919 provides retracement opportunities • A breakout below 4,900 would signal a shift in the trend European Stocks and the CAC40 (FRA40) Index have remained resilient this week, after initial fears caused the benchmark to decline from Friday’s attack on Paris. With prices rebounding this week,...

walker.england

Talking Points • GBP/USD consolidates ahead of U.S. FOMC minutes • Range support is found at 1.5188. • Bullish breakouts begin over 1.5257 The GBP/USD continues to trade inside of a 56 pip trading range this morning, between key values of support and resistance. The pair has already traversed the range once, after bouncing off of the S3 Camarilla pivot point...

walker.england

Talking Points • U.S. CPI was released at .2% (YoY) • The EUR/USD remains supported over 1.0639 • Range resistance is found at 1.0731 The EURUSD has been trading at support this morning, but despite better than expected CPI data out of the U.S. Expectations for this morning’s event, were set at .1% (YoY) and were released at .2%. The US Dollar rallied against...

walker.england

Talking Points • U.S. Retail Sales Figures Disappoint at 0.1% • The GBP/USD tests resistance at 1.5250 • Bullish breakouts begin over 1.5270 The GBPUSD, has held its 40 pip range this morning after a disappointing set of Advanced Retail Sales figures being released this morning. Expectations for the event were set at 0.3%, and released at an actual 0.1% for the...

walker.england

Talking Points • CAC40 Fibonacci resistance is found at 5,006 • Support is found near 4,420 • GDP data is expected at 1.7% on Friday The CAC40 (FRA40) is beginning to turn under Fibonacci resistance found at a 78.6% retracement value near 5,006. This value is calculated by measuring the distance between the August 6th high of 5215 and the August 24th low of ...

walker.england

Talking Points • The GBP/USD retraces to pivot resistance • Range resistance is found at a price of 1.5136 • Bearish breakouts are signaled below 1.5063 The GBP/USD has retraced against its primary trend this morning back to a point of daily resistance. Currently prices are testing the R3 Camarilla pivot which is found at a price of 1.5136. If resistance holds,...

walker.england

Talking Points • The EUR/USD tests resistance in a 68 pip range • Range resistance starts at a price of 1.0828 • Bearish breakouts are signaled beneath 1.0727 The EUR/USD has opened Thursday’s trading range bound, traveling between its R3 and S3 Camarilla pivots pictured above. At present, price is again working on traversing its 68 pip trading range after...

walker.england

Talking Points • The CAC40 rallies in an ascending triangle • Point and figure resistance is found at 5,185 • A 3box reversal would represent continued consolidation The CAC40 (FRA40) is breaking out to new November highs this morning, and can now be seen attempting to challenge the psychological 5000 pricing level. The CAC40’s current advance is well...