August 28 was the last time I wrote about USDCAD. And after nearly two months, the pair has moved just 150 pips lower. The lack of movement is one reason I haven’t discussed USDCAD lately. My recent lack of interest in the pair also stems from the fact that USDCAD has yet to break free […]Continue Reading
The last time I wrote about NZDUSD the pair was starting its next leg lower.
That July 30 close confirmed the bearish flag pattern and also triggered a 400 pip move lower from the kiwi.
Fast forward to today, and we can see that NZDUSD is trying to bottom.
In fact, it may have already done so.Continue Reading
The EURJPY is already up more than 100 pips from the area I pointed out on Saturday.
If you watched Saturday’s Forex forecast video and scrolled down to the EURJPY annotated chart, you know 119.20/30 was a support area on my radar.
Notice how both Monday and Tuesday caught a bid from this region.Continue Reading
EURUSD buyers are on the move again this week.
The pair bounced from Tuesday’s low of 1.0991, which is one pip above the 1.0990 level I’ve pointed out several times recently.
Be sure to watch Saturday’s Forex forecast video if you aren’t familiar with the 1.0990 horizontal level.Continue Reading
Can the USDJPY rally another 350 pips from today’s price?
What resistance levels could prevent such a move?
Watch the video in this post to find out what I think.
Be sure to also scroll down for more commentary and an annotated chart.Continue Reading