In this weekly Forex forecast, I’m going to show you exactly how I’m trading EURUSD, GBPUSD, USDJPY, EURJPY, and CADJPY through October 18, 2019. Watch the video below, and be sure to scroll down for more commentary and annotated charts. Last week was a big one for the EURUSD. We’ve been tracking this descending channel […]Continue Reading
GBPCAD reached our 500 pip objective today at 1.6800. I first wrote about this inverse head and shoulders pattern on September 9. At the time, GBPCAD was trading just below the neckline at 1.6260. I also made a video on October 2 explaining why I felt the GBPCAD was due for a move higher up […]Continue Reading
On October 7, I wrote about the potential for a 450 pip move from USDJPY.
At the time, the pair was resting above support at 106.80. That was a must-hold level for USDJPY buyers.
Immediately following that post, the pair rallied 40 pips, taking out the October 3 high.Continue Reading
We have been waiting for the EURUSD to make a move for weeks.
The pair has been trending lower since late June, but the price action following the September 25 breakdown has been messy.
Not only that, but the consolidation of late has left me avoiding the EURUSD altogether.Continue Reading
On October 4, I wrote about a potential breakout on EURGBP.
You can see how the pair recently broke above descending channel resistance that extends from the August high.
I discussed EURGBP again in Saturday’s forecast video, noting how a close above 0.8920 would expose the next key resistance at 0.9015.
That brings us to today’s price action.Continue Reading