The markets continue to look messy and altogether indecisive.
GBPJPY is one of a few currency pairs that has a definable trend.
That alone makes this market easier to trade than others like the EURUSD or GBPUSD that are all over the place.
Another reason I’m favoring GBPJPY lately is the fact that the market is respecting key levels incredibly well.Continue Reading
The EURUSD performed flawlessly for us last week.
On Wednesday, I wrote about how a close above 1.1915 could send the pair higher toward the 1.2000 region.
Sure enough, Wednesday closed above 1.1915, and that level served as support on Thursday and Friday.
Thursday’s low was 1.1915 on the dot.Continue Reading
Bitcoin (BTCUSD) is back to “up only” mode following its recent 26% correction.
As most of you know, I was buying Bitcoin when it was between $8,000 and $10,000 in May of last year.
I was also buying Ethereum (ETH) when it was just above $200.
Both investments have worked out incredibly well, and I’m anticipating another five or six months of a bull market based on the last two.Continue Reading
The EURUSD is testing a key resistance area at 1.1800.
I mentioned this area in last weekend’s forecast video.
As you can see, the 1.1800 area involves a trend line from the recent consolidation lows.
It’s the area buyers need to break to reestablish the bullish momentum.Continue Reading
Last week, I mentioned the significance of the $1,680 area for gold (XAUUSD) several times.
I also talked about it in last week’s forecast video.
The $1,680 region has been a key horizontal level for XAUUSD since February of last year.
It’s also the support level of the descending channel that’s been in place for the last eight months.Continue Reading