Last week: There were only a few trend line breakouts again last week and I suspect the low-momentum and range-bound activity on the US$ index is the problem here and I’m wondering if this might remain the case until after the November 3rd US Presidential Election. Regular readers will recall that I have been warning […]

Last week: The US$ remains range-bound on low momentum and this is keeping trending markets at bay for the time being. There was a bit of flight to safety movement into the US$ last week on concern about the rate of rising Covid infections across Europe and the USA but Friday’s better than expected US […]

Last week: US$ weakness evolved last week and this underpinned some trend-line breakout trades. Any developing US$ weakness would help to support the risk-on style shift seen across numerous Forex pairs and Gold. There were plenty of decent-sized bullish weekly candles printed across a range of stock indices and Forex pairs and it seems that […]

Last week: The British Prime Minister, Harold Wilson, in the 1960s once claimed that ‘a week was a long time in politics’ and how true that was last week! The week started with US$ weakness, helping to support some great trend line breakouts, but was then followed by the choppiness and uncertainty stemming from the […]

Last week: US$ strength was the main theme last week and I had been warning about this potential for some time given the bullish chart pattern that had been brewing on the DXY. This US$ strength had the obvious impact on many Forex pairs and Gold and resulted in some great trend line breakout trading […]