The US$ has pulled back a bit which helped to trigger some great EUR-based trend line breakout trades over the last session. I’m hoping the TC Trial participants made some hay out of these great moves.
The lack of economic news has translated into little movement with most currency pairs on my radar. There were a couple of great TC 15 min signals during the Asian session though; one on Silver for 4R and another on the ASX-200 for 6R but, apart from that, most technical patterns on other currency pairs […]
There have been two significant trend line breakout trades but many remain in focus in the lead up to President Trump’s address to the joint session of Congress. The USD/CAD has given 120 pips in a wedge breakout and the USD/TRY over 450 pips from its wedge breakout; both wedge patterns charted and posted on […]
Gold gave a 200 pip breakout move from my w/e Flag pattern but, as already mentioned, I’m on the lookout for a pullback to test the key $1,200 level. I’m watching the 30 min charts for any new TC SHORT signal to support a possible move. The US$ index is trying to bounce up from […]
The GBP/USD has been consistently printing a cycle of lower ‘Highs’ and lower ‘Lows’ since mid 2014. The pair seems to have the perfect storm raging against it with US$ strength, helped along by the recent FOMC, and GBP weakness, courtesy of Brexit, and this would support continuation of this pattern. However, trends do not […]