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...
Market News
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10 May 2015, 00:13
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...
Weekly Trends
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7 May 2015, 02:59
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...
Analytics & Forecasts
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4 May 2015, 20:13
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...
My Trading
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29 April 2015, 07:15
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...
Analytics & Forecasts
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24 December 2014, 19:40 #silver
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...
Analytics & Forecasts
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22 December 2014, 01:31
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...
My Trading
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17 December 2014, 03:29 #price action
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...
Weekly Trends
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14 December 2014, 20:47 #price action
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...
Forecasts
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11 December 2014, 21:08 #nzdusd, price action
The EURJPY pair has been in a steady uptrend since the beginning of this month. Since October, it surged 1,400 pips, but it does not have a bright outlook in the short run. EURJPY posted some major gains so far and it may be time that some traders are closing out their positions...
Forecasts
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10 December 2014, 04:24 #price action