Indecision doji candles on both ES & NQ
As you would expect the ES e-mini too has followed a similar path today in terms of both price action and volume with the daily […]
forex indicators
Political factors for the euro and Canadian dollar
Of the currency major pairs eur/usd and usd/cad are probably the most interesting as both the euro and Canadian dollar are being driven higher, not […]
Yen & VIX continue lower
With US indices continuing to march ever higher, no surprise to see our Yen complex of pairs move strongly upwards, and bearish sentiment in the […]
USD suffers from US tax reform jitters
At the start of the last trading week for 2017 last Friday’s positive sentiment for the USD appears to have evaporated, as our USD index […]
Two bar reversal delivers on Aussie cross pairs
One of my favourite candle patterns when trading forex is a pattern that occurs and recurs on all time frames, and it is the two […]
Euro commodity crosses at key levels
Of our three euro commodity cross pairs, namely eur/aud, eur/nzd and eur/cad, it is the weekly chart for these pairs that is the most interesting, […]
Waiting for the NFP
Just waiting for the last of our trio of USD events, and as mentioned in my last post FOMC was indeed the non-event many suspected […]
EUR/GBP continues higher after trap move
Session crossovers, particularly in the transition from the Far East and Asia into the European and London session, are always a happy hunting ground for […]
Mind the gap
Mind the gap is something you hear a lot if you travel on the London Underground – particularly at Bank Station, and is… Posted by […]
Cable drags down the bulls
One question I’m often asked by new traders which currency pairs they should they start with, and my suggestion has always been to consider Cable, […]
The US dollar : ‘the reports of my death have been greatly exaggerated’
With the brouhaha in Washington continuing to dominate both the financial and main stream media, and the deadline for a technical US default drawing ever […]
Forex round up as we wait for NFP – or perhaps not!
With the shutdown in the US still ongoing, and despite debate as to whether tomorrow’s non farm payroll data will be released, nevertheless I thought […]
Volatility, vigilance and volume – the three V’s to success!
The new trading week and month has started on a very sour note, as markets begin to digest the implications of the impasse currently underway […]
Volume price analysis answers all the questions for the AUD/USD
An interesting phase of price action is now developing on the weekly chart for the AUD/USD, and many forex traders are now asking whether the […]
USD/JPY preparing to breakout – but when?
If you were wondering what was happening with the USD/JPY, then a glance at the weekly chart for the currency pair would provide you with […]
To taper or not to taper – that is the question!
The FED’s decision not to announce the start of its taper program caught out many market participants, which is odd, as even a cursory glance […]
Weekly chart for GBP/USD now at an interesting point!
At the beginning of a new trading week it’s sometimes useful to step back and consider the dominant trend on a longer time frame, and […]
A significant week for the Yen index
Given last week’s flip flopping in the markets following the FED’s decision to postpone tapering, it’s always useful to take a look at a key […]