Closed a weekly trade for a loss this week on $CHFJPY.  The Franc is often a tough currency to be bullish on however I was looking for the ascending triangle and for the early February bottom to hold.   Entering on 4/7 at 111.71 I closed the trade on 4/21 at 110.30 taking a 141 pip lo...

04.23.19 09:48 PM - Comment(s)
I posted this entry last week 


Forex Forecast #NZDUSD Bearish


and this week the Kiwi capitulated. Today's break of .6700 confirms the change in trend to the downside.  The selloff will c...
04.18.19 10:16 PM - Comment(s)
CHF/JPY has been trading in a broad range between 108 and 118 since April of 2017.  The bottom of that range was visited on with a flash crash move at the end of 2018.  The more detailed turn bullish however was a series of hammer-like candles in late January and early February 2019. ...
04.16.19 10:46 PM - Comment(s)
This pair has been on sale for a long time and only recently been consolidating.  Another selloff is coming soon.

From a weekly perspective, NZDUSD has been consolidating between .67 and .69 starting in late 2018.  A closer look on the daily chart details a symmetrical triangle whose apex i...

04.10.19 10:38 PM - Comment(s)
While I don't have a trade open yet on this pair that moment may be arriving soon.  The technical factors are:

1. The pair is trading above the LSMA and has had a pullback recently
2. The two-week selloff looks like it ended on 3/25 since the pair held the lower upward sloping trendline and has b...
04.09.19 11:03 PM - Comment(s)