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The USDJPY has spent the past six days in consolidation.
I could even argue that the pair has been directionless following the selloff and ramp higher that closed out 2016.
This is a chart I’ve commented on several times over the last few months.
And as I commented last Saturday, the eventual breakout will likely determine the future direction for USDJPY for months to come.Continue Reading
Every so often, we’re presented with incredible opportunities.
And once in a lifetime, we’re presented with, well, once in a lifetime opportunities.
With everything going on in the world today, I see this as the latter.
The key is knowing which side of the market to be on.Continue Reading
It’s been a while since I commented on the AUDUSD.
But that doesn’t mean I haven’t been watching it.
I track all of the major currency pairs, and I’m especially interested in them now given the increase in volatility.
I certainly don’t want to be stuck in an illiquid cross when volatility strikes.Continue Reading
The EURUSD is nearing the end of a massive terminal pattern.
I discussed the multi-year wedge below on April 14th and again on April 16th.
It is, in my opinion, the most pivotal pattern in the euro’s history.
The bottom of the wedge above starts from the euro’s all-time low just below the 0.8300 mark.Continue Reading
On Tuesday, I wrote about a multi-year pattern on the EURUSD.
I even called it the most pivotal pattern in the euro’s history.
It was a bold claim, but I stand by what I wrote.
It’s my view that the wedge pattern below will dictate the future direction of the EURUSD for years to come.Continue Reading