Last week: It was another relatively quiet week for many of the Forex pairs I monitor as the US$ index struggled for direction following the recent bearish break below a 10-year support trend line. The print of plenty more Spinning Top weekly candles being a good reflection of this indecision activity. The best breakout move […]

Last week: It was primarily a week of indecision for the Forex pairs I monitor but the US stock index majors closed strongly such that the S&P500 is now just 42.24 points off its all-time High. Friday’s better than expected NFP result would no doubt have helped US stocks. The numerous indecision weekly FX candles […]

Last week: The US$ weakness I had warned about three weeks back continued last week and this helped to support / develop trend line breakout moves on Gold, the EUR/USD, AUD/USD and GBP/USD. The run on the EUR/USD since my first alert has reached up to 500 pips so I hope some of you headed […]

Last week: There was a multitude of trend line breakouts last week and many of these resulted from the weaker US$; something I had warned about two weeks back in my FX Index update. There was a risk-on mood to start the week on the back of positive Covid-19 vaccine news but developing US-China tension […]

There are plenty of traders surprised by how well the AUD/USD is holding up at the moment. The Aussie is actually testing a longer-term breakout level and continues to hold up well despite the current variety of challenging global conditions. For those of you who are not used to, or keen on, trading Forex contracts […]