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MOST RECENT ARTICLES
AUDUSD H1 The 3 Drives (Blue) at 0.87900 has capped the recent run higher in Aussie and I expect a further correction to take place before we see the bulls return with the next support not until 0.87200/0.87050. AUDUSD M5 Since the 3 drives high we have seen the smart money selling on a number […]
Do you have market conditions that you just hate? Maybe the trend is your friend, but your trading gets all in a knot during range bound markets. But what if you could transform the market conditions you hate into the ones that you love the most? I went through this exercise myself, and now the […]
The E/U monthly candle has a long way until it closes but is currently printing a bullish-reversal ‘Hammer’ candle. The pair made a bullish triangle breakout on the 4hr chart at the end of last week and managed a close back above 1.25. The key level to watch now is 1.26 as any close and […]
NZD/USD is the biggest mover on the session, up nearly 1% compared with the Friday close; EUR/USD and GBP/USD are also starting to play catch-up, with some trailing stops triggered in the latter pair above 1.5700; USD/JPY rallied almost 75 pips in early trade before giving these gains up, plus some. There is no major […]
I noted the bullish wedge breakout for the Kiwi last week and this momentum seems to be holding to start the week. Strong NZD retails sales data and a bit of USD weakness today are combining to help support this bias. Kiwi daily: well it certainly looks like the ‘bullish wedge’ breakout is trumping the […]
I plan my trading for the week ahead each week. Here are the Forex trading opportunities I will be stalking this week. Note that this is my current view, but if market conditions change my view can change too. Generally I will trade in alignment with what I have noted here, though I will wait for […]
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