Last week: There have been a lot of conflicting signals of late: Covid-19 cases are spiking across Europe, and there is concern of similar across the USA with schools returning, yet the risk-on type assets of Emerging markets, Copper and the small-caps Russell-2000 Index closed with bullish-coloured weekly candles and the Fear Index, VIX, closed […]

Last week: There were a number of great trend-line breakout trades on offer last week, with huge moves on the GBP/USD and GBP/JPY in particular, so I hope you were able to catch a slice of some of this action. The US$ remains range-bound but these GBP moves were driven by renewed Brexit concern. The […]

Last week: It was a quieter week for trend line breakouts but this wasn’t surprising given the many moves of the week before. The US$ index recovered some ground towards the end of the week but still remains range-bound in a 4hr wedge pattern and this helped to peg activity on many USD-based Forex pairs. […]

Last week: Technical analysis continues to offer one of the easiest paths to trading success. Trading in this market can pose a challenge for many; especially as some stock indices trade at all-time Highs against a backdrop of Covid-19 ravaged economies; having conviction with any trading decision can be problematic. However, watching for momentum-based trend […]

Last week: There were only a few breakout trades across the Forex pairs I monitor as the US$ index hovered under the recently broken 10-yr bear trend line and this S/R level remains in focus this week; especially with the US Jackson Hole Symposium. The S&P500 has made a new all time closing weekly High […]