The FX Indices have both printed reversal weekly candles raising the question about whether some mean-reversion might be due, even if only temporarily. This would have obvious consequences for many currency pairs and commodities so needs bearing in mind for trading in coming sessions. This week’s main calendar item is the Jackson Hole Symposium so […]

The US$ index remains range-bound in a wedge keeping many Forex pairs choppy and I am still waiting for clearer 4hr chart patterns to emerge on many of the instruments I monitor. The S&P500 remains pegged by 3,400 above and the NASDAQ is still pushing higher.

I tweeted yesterday afternoon to watch for any recovery with the US$ and that looks to be evolving. As such, a time-out is needed whilst I wait for new technical patterns to emerge. Momentum is low and or declining on most charts so keep watch of this metric as well.

Lauren Carbonell tells her method of staying sober for 365 days to figure out one’s mindset and stay in a path to recovery. Even though every day of sobriety is an accomplishment, milestones allow others to celebrate with a person in recovery. During sobriety, all milestones are milestones worth celebrating. One year sober is a […]

US$ weakness remains the dominant theme and the previously profiled major trend line breakouts, that triggered recently, have all got going again. The GBP/USD Bull Flag pattern seems to have triggered and was one of the better moves on the day. Walmart earning got the S&P500 moving to hit an all-time High so watch today […]