Could today’s FOMC push EURUSD out of its comfort zone?
I think there’s a good chance.
Even if today’s events don’t force a break, the EURUSD is going to be forced to make a decision soon.Continue Reading
The EURCHF appears to be setting up for us.
On Friday, I wrote that the pair would produce an opportunity this week.
I didn’t know for sure it would, but given the way buyers were pressuring the 1.0970 level, a break higher did seem likely.Continue Reading
On September 9, I wrote about a possible 500-pip reversal for GBPCAD.
The inverse head and shoulders that has been developing here since July has a height of 500 pips.
Therefore, a close above the neckline was going to confirm a 500-pip objective, or approximately 1.6800.Continue Reading
On August 19, I wrote about a potential top for EURGBP.
The pair had just carved a bearish engulfing pattern on the weekly time frame after 14 consecutive weeks of gains.
That’s an ideal combination for a reversal.Continue Reading
USDJPY buyers are being tested today.
In Sunday’s video, I mentioned that the direction for this week would come down to whether or not buyers could hang on to that 108.00 area as support.
That’s the top of a descending channel that began in April.Continue Reading