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)

AUD/CAD on an 8-hour chart has been moving in a descending broadening formation with the right angle resistance line at .9475.  The last two candles have formed spinning tops and with our short position, we are looking for lower prices from here.  From a longer-term perspective this retrac...

03.18.19 10:12 PM - Comment(s)