S&P testing key resistance after Wednesday’s drop
S&P testing resistance
S&P testing key resistance after Wednesday’s drop Read More »
2021
Gold and silver likely to break out
Thanks to falling yields, precious metals are looking constructive again. Gold has rebounded after testing the $1810 support level for the past two days and it looks poised to break its bearish trend line around $1825/30 as it continues to make bullish price action beneath it: Silver has already broken from its falling wedge pattern:
Gold and silver likely to break out Read More »
EUR/JPY could extend rally as German-Japan yield spread widens
EUR/JPY tracking German-Japan yield spread
EUR/JPY could extend rally as German-Japan yield spread widens Read More »
USD/CAD bottoming out?
Thanks to the rising US bond yields, a number of major FX pairs have recently reversed their trends. The USD/CAD has so far resisted the US dollar’s pressure because of rising oil prices (Canada’s major export commodity). But if the US dollar continues to rise against other currencies, the downtrend for the USD/CAD will likely
USD/CAD bottoming out? Read More »
DAX prints reversal signal
On Wednesday US tech stocks sold off, as a surge in bond yields weighed on sentiment. Investors dumped stocks with stretched valuations. The weakness has continued into Europe today and judging by the price action on the major indices, we could be heading towards some volatile times. Among the major indices, the German DAX has
DAX prints reversal signal Read More »
Some before and after trades taken in Feb 2021
Thread Reader Fawad Razaqzada Follow @Trader_F_R Several #FX trades hit targets for private group. Before/after charts in this thread to show you what we traded, how we managed the risk and what we made. Lots of lessons to be learned, but the key takeaway point is this: trade with the trend. First one: #CADJPY #EURJPY
Some before and after trades taken in Feb 2021 Read More »
EUR/CHF Resurrection: Advantages of Entering Before Breakout
Waiting to pull the trigger is important under certain conditions, especially when you are not so sure about the directional bias. But if you have a strong conviction about something then why wait? Indeed, you can double up when you are proven right.
EUR/CHF Resurrection: Advantages of Entering Before Breakout Read More »
EUR/CHF about to pop higher?
The EUR/CHF is a forgotten currency pair and rightly so because it hardly moves. So why bother writing about it? Well, I think it is about to start trending higher again and become more active. Don’t expect it to behave like Bitcoin or the Dow, but it should provide a good, stable, trade for the
EUR/CHF about to pop higher? Read More »
Thoughts on EUR/USD at 1.20ish
The EUR/USD has finally dipped back to long-term support around 1.20ish and I see a lot of bearish commentary around it. The bigger picture is still bullish as per the weekly chart, so I will be actively looking to go long on the first sign of a bull signal on the daily or lower time
Thoughts on EUR/USD at 1.20ish Read More »
CAD/JPY could follow GBP/JPY lead and break higher
Thanks to ongoing risk-on and reflationary trades, stock and crude oil markets extended their gains on Thursday, while safe-haven Japanese yen and gold sold off. The USD/JPY was among the best USD pairs, while other yen pairs also rallied – most notably, the GBP/JPY thanks to a hawkish Bank of England. Investors are now looking
CAD/JPY could follow GBP/JPY lead and break higher Read More »