Tag Archives: forex

USD Index Breaks Support






The USD Index daily has broken below support. The EUR and CHF are both up quite strongly against the USD this week. We will be hearing from Bullard from the Fed and the ECB’s Draghi this week. See what happens … Continue reading

Posted in Forex | Tagged | Comments Off on USD Index Breaks Support

Euro Pops With Macron v Le Pen






After the first round of the French election Macron is in the lead over Le Pen as they now have to go in for a second round of the election process.                                              pic Reuters I took this EURUSD intraday as … Continue reading

Posted in Forex | Tagged | Comments Off on Euro Pops With Macron v Le Pen

USD Hung Up On 50 DMA






The USD Index daily is hung up on the 50 day MA resistance. It is unlikely to break out now since the FOMC minutes were not so hawkish as some might have expected. Bond yields have been flattening since FOMC … Continue reading

Posted in Forex | Tagged , | Comments Off on USD Hung Up On 50 DMA

Yellen Hawkish






Yellen has been under the pump at the testimony but she is sticking to her guns that the Fed can raise rates imminently. She is sticking to the dot plot of three hikes for 2017. This is likely to be … Continue reading

Posted in Forex, Trade Study | Tagged , | Comments Off on Yellen Hawkish

Forex Templates






This is what I call a forex shebang-a-bang. This is when you are right in the pocket. I have been looking for a chance to really pin my ears back with these templates and this was it. I get it … Continue reading

Posted in Forex, Trade Study | Tagged , | Comments Off on Forex Templates

Template Study






Don’t panic and take an exit that is not there. Let the template do the work. Don’t try to anticipate. If you had your stop too tight and it gets hit, no problem, just re-enter the trade if the indicators … Continue reading

Posted in Forex, Trade Study | Tagged , | Comments Off on Template Study

USD/JPY Study






Just a quick look at how USD/JPY is going. I am looking for a rally and then a continuation of the selling. Bond yields are down which does not give evidence for much upside in the $USD but there can … Continue reading

Posted in Forex | Tagged , | Comments Off on USD/JPY Study

Forex






As Warren Buffett says, “When the tide goes out you can see who has been swimming naked.” The Fed has been harping on unwinding their balance sheet for so long now that I think even they are getting bored with … Continue reading

Posted in Forex | Tagged , | Comments Off on Forex

USD Index Key Level






USD Index daily held the 50% Fibo which is also the key weekly support. The Fed is expected to leave policy unchanged this week. It will be interesting to see what happens. daily momentum is strong bearish

Posted in Forex | Tagged , | Comments Off on USD Index Key Level

Trade Study USD/JPY






This is just quick update showing how this trade is playing out using my templates. If you just take the time to read what I am showing, this could not be more simple to understand. You can see on the … Continue reading

Posted in Forex, Trade Study | Tagged , | Comments Off on Trade Study USD/JPY