Last week: The central theme of Easter is Resurrection and the AUD$ certainly channelled this last week with trend line breakouts on the AUD/USD and AUD/JPY delivering close to 600 pips between them. These were the best of the few breakout trades available last week and the shortened trading week to come, with the holiday Monday, […]

Last week: It was a bit quieter last week for trend line breakouts, following all of the recent volatility, and whether this was due to the wait for Friday’s NFP or due to the looming Easter break is not clear. This led to a vast number of indecision-style weekly candles being printed across many stock indices, […]

Last week: The heightened market volatility continued last week and this helped to deliver another huge batch of great trend-line breakout trades. Significant among these was the Cable for around 500 pips and Gold for $140! There were many more though and these are summarised later within this post. The anticipated US$ weakness developed but […]

Last week: The heightened volatility and risk-off sentiment helped deliver a number of trend line breakout trades from charts profiled in my last weekend’s analysis. These include a 530 pip breakout move on the AUD/JPY, a 450 pip breakout move on the EUR/USD, a 300 pip breakout move on the GBP/JPY, a $9.50 breakout move […]

Last week: Last week was shaped by extreme panic and, despite Friday’s strong stock recovery rally, I suspect there could be tough times and more selling ahead. I would expect the rising Covid-19 infection rate outside of China might dampen the type of enthusiasm seen on Friday and that it might take a plateauing of […]