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July 10, 2014
July 10, 2014
July 9, 2014
July 9, 2014
The markets continue to look fairly indecisive with the exception of a few pairs. But there are still a few potential opportunities out there. The .7967 level on EURGBP is one I’ve been watching for a while now. This is an inflection point to watch with trend line resistance from June coming into play. Of course only
July 8, 2014
July 8, 2014
That’s the big question right now – will the .836 level on CADCHF hold? We did get a bullish pin bar on the 4 hour chart today, however it occurred within congestion so it isn’t the strongest signal. In other words the tail of the pin bar doesn’t stick out from the surrounding price action, which is
July 7, 2014
July 7, 2014
July 5, 2014
July 5, 2014
Every once in a while the Forex market pulls a level out from the “Confluence” textbook. The kind of level where everything seems to intersect at once. Now whether or not the market reaches that level and gives us price action to work with is another story… CADCHF gave us such a level last week. We’ll start
July 3, 2014
July 3, 2014
July 2, 2014
July 2, 2014
We looked at EURAUD yesterday, noting that the pair had broken a bearish wedge formation and subsequently found trend line support. That support held up overnight, enough so that the market was able to retest the underside of the former trend line. It’s now time for the market to make up its mind. Given the recent bearish