End of Week Forex Action
We will look to play USD/JPY from the long-side on pull-backs until a new trend has been definitively established…
EUR/JPY Looks Weak
There may be a modest bounce here, but the trend is now clearly down for EUR/USD. The yen also looks very week against the euro, and could be moving into Wave 5 of a sequence lower.
Possible short setup in GBP/USD
Here’s a quick overview of some potential FX action…
Weary Monday is here
It has now been six months of choppy trading with declining volatility ᾢ most measures are at an all-time and currency managers/traders are challenged.
Fibonacci projections identify possible long entry
Ideal trades always occur when you have several indicators lining up at the same time.
Morning FX snapshot
Here’s a quick look at the major FX pairs that are trading…
Could this key trendline finally break?
Let’s see what action is unfolding in the forex markets…
Why the Dollar Index looks set to breakdown
A close below this level will complete a bearish engulfing candle…
A break above this level will turn the Dollar Index bullish
While the Dollar Index has regained a bullish tone over the last several hours, one last resistance level still needs to be overcome…
The Dollar is starting to look bullish
Currently the market is too dollar bullish to be looking for ‘reversal’ trades.
What I look for in an ideal trade setup
Let’s take a look at how things are working out using our strategies from yesterday…
Here are some setups worth monitoring
AUD/USD is beginning to look tired as it battles the .7555 level…