The GBPUSD rallied strongly as the Scotland vote came in with a “No” but that trend was reversed on Friday and the pair ended the week with a negative technical bias. Will that be reversed in next weeks trading? You … Continue reading
A full lap has been completed. ARRR… I want to take a VICTORY LAP (see http://www.forexlive.com/blog/2014/09/19/its-international-talk-like-a-pirate-day-heres-how-to-trade-like-a-pirate/ ) The USDCAD tested topside channel trend line, moved down to the lower trend line and now has crossed the finish line by kissing the topside … Continue reading
No it is too soon to make a technical opinion on the stock. In reality this is the worst time to trade a stock. Traders in the stock are driving blind as risk can not be defined. Sure analysts can make … Continue reading
The earlier post asked for patience, and to watch the underside of the broken trend line (see post here) The good technical news…. The not so good technical news.. The market is moving toward the London close so the patient … Continue reading
GBPUSD tests our support. Buy time.
There is a pattern forming in the USDCAD hourly chart, but you have to be quick. The CPI core came in higher than expectations but the Wholesale Trade sales were a disappointment. The price of the USDCAD fell but found the … Continue reading
I will get rid of the colors next week…(maybe). It does outline the bias and risk levels as the market consolidates. Anyway, what is the picture and colors telling me. The EURUSD could not get above the 100 and 200 … Continue reading
CNBC: Do you realize he is a fictional character. You never know what you are going to get….. Overall, he is saying the right things in his interview on CNBC.
USDJPY showing some signs of taking a break after yet another 6 year high. The USDJPY moved to new 6 year highs over night. The price peaked against the underside of the broken trend line at the 109.448 level. This … Continue reading