Last week: There was a bit of movement across Forex pairs last week with the NZD/USD leading the charge following NZ Government changes to housing policy in an effort to try and curb rising prices. This was then followed by some US$ strength that helped to trigger some other Forex trend line breakouts. The S&P500 […]
This is just a quick chart update with some questions for you all to ponder. The SNB rate update is later today so watch for any impact from this event.
There was a risk-off shift last session that started early with the commodity currencies moving lower during the Asian session. The US$ and Yen are stronger and Gold is now looking like it is going to head lower. Stocks are a bit lower BUT the NASDAQ is still within the Flag and the S&P500 is […]
The US$ is little moved to start the week and, as such, the charts of most FX pairs are not much changed, the exception being some of the Yen pairs. There were some early wobbles as the Turkish Lira dropped but things then steadied somewhat and US Stocks closed a bit higher as Yields declined, […]
Over the weekend I was asked a question about a triangle breakout on the 15 min chart of BTCUSD and whether the negative ADX set up would have precluded this trade idea. Here are my thoughts and observations. You may benefit from my article on the ADX, if you are not familiar with this indicator, […]