Zheng He / Blog
If you traded yesterday’s non-farm payroll release and Canadian job data change, you probably found it a bit chaotic. I would say a bit more chaotic than usual as we saw this whiplash action instead of a huge spike in one direction. The U.S. unemployment rate fell to 5.4...
As part of a new initiative to remain active, I have decided (and will try) to post weekly market briefs. I know this blog is dedicated towards technical analysis and trading off of market psychology, it is still important to be aware of where the market is headed...
Since the second last week of April, the Euro has been in a bullish trend. While it has crossed over my moving average setup, which is the first indication of a trade change, it currently rests on this bullish trendline...
GBPAUD closed off quite successfully last night or should I say early morning? I opened my trade at 1.93595 and closed at 1.92446. However, this pair actually fell throughout the morning to about noon-ish New York time. It fell close to 1...
The outlook for silver is rather bearish. However, there are a few key price levels to be aware of especially as the price is testing one of those levels now. The weekly and monthly time frames outline several of these levels quite nicely...
The long term weekly outlook shows this pair testing a possible trend line. In the weekly image below, we have connected the latest two significant lows showing the possibility that the next two to three week's price will hit and possibly rebound from this trend line...
There is not much movement going on with the GBPUSD at the moment right now, but this is due to the triangular wedge consolidation that has taken place earlier today. Both the Euro and Pound have experienced gains due to a few key events...
No directional bias sentiment in today as the week ahead for this pair could go either way. Here's a quick screenshot to show what I mean. We have already seen one trend line break, but the continuation move failed to proceed...
NZDUSD is currently on an hourly consolidation. In this situation, it is appropriate to be changing up the trend-line plotting technique. I have used the DeMark trend lines technique connecting the most recent two lows and highs together...