Daily ranges are low again ahead of today’s ECB but spike-action following FOMC isn’t being too kind for TC set-ups. I’m hoping that a bit more side-ways action might develop in the lead up to ECB to correct this. Keep an eye on the cross-pairs though as the wait for ECB might set up some […]
The stronger US$ has driven some trend line breakout moves but watch again today with another Fed Chair Powell testimony in case this shifts US$ sentiment at all. There is also GBP Manufacturing PMI data to navigate. And, by the way, Bitcoin has printed a bullish-reversal candle for February!
The US$ continues to carve out some recovery although the moves have been rather tepid. Watch for any continuation though in an effort to target a key S/R region.
What a week! This has been one of the better examples of decent trending markets due to FX Index alignment in a long time! Many of the moves have exhausted themselves now however but, no surprises there and this means there are new patterns to monitor ahead of next week. The pip tally from all […]
This is just a very brief update as I’m about to head down to, of all places, Wall Street. Keep an eye on the US$ as it tries to break up and out from the recent trading channel as this will have implications for USD-based FX pairs.