The EUR/USD is on fire. Catching bids all week. But Thursday provided a huge bearish engulfing reversal pattern so caution ahead. Russia sold 100 billion of US Treasuries this week and it appears they may have been Euros in place which would explain ...

EURUSD

The GBP/USD continues to trade in a very narrow sideways range in dead center of the channel with the support of 1.6534 holding twice this week. With such a narrow range holding on the gbp/usd best to stand aside. If the nearest support of 1.6534 ...

Cable Update (GBPUSD)

The USD/JPY quickly capitalized on last Friday’s bearish reversal and racked up 250 plus pips gain with the Yen being the largest gainer against the USD this week. The pair is currently sitting on big support. Then questions are do we get a gap ...

USD/JPY Discussion

The NZD/USD seemingly broke out on Wednesday on the RBNZ’s rate hike but gave back all of the gains the following day. RBNZ’s Wheeler sees up to 125 basis points of hikes this year. Yet another pair sitting at a critical juncture with a possible ...

NZD/USD

The EUR/JPY has mighty Euro on one hand and the currently risk on in favor Yen on the other. This week you could see the battle play out with a 330 pip rise in one day and a 330 pip fall later in the week. On Thursday we received the pullback to the ...

EUR/JPY

On EUR/GBP we currently see two super strong currencies battling it out so fiercely that neither pair has given up more than 50 pips this past week. Even with the GBP/USD trading slightly lower this week but holding support and the EUR/USD seemingly ...

EUR/GBP - What a great pair to trade!

The AUD/USD is quietly showing some very bullish price action. The bulls are happy 0.9000 has held and the bears are happy 0.9100 has not given way. Taking a step back though it appears a reverse head and shoulders is in place now waiting for the ...

AUD/USD

Here you go. I created a tutorial for setting up 8 hour charts on metatrader 4, url

AUD/USD

EUR/USD trading at resistance right now. Anyone selling into this? I am hesitant. It seems like this pair just want to test 1.4000... image

EURUSD

EUR/USD trading at resistance right now. Anyone selling into this? image

Forex Trading Strategy: Price Action With Support & Resistance

Nice post. Lots of little gems in there. For me too 4H, 8H, and Daily are the most profitable time frames to trade. The higher time frames do filter out a lot of normal market fluctuations. They also prevent a lot of overtrading that the lower time ...

AUD/USD

EUR/GBP: Time To Begin Selling With EUR/GBP now trading at resistance it is time to begin selling. image Here is what I am looking at and why I am selling. video

Forex Trading Strategy: Price Action With Support & Resistance

Buying dips worked overnight again. Nice call. I am thinking the same about JPY - we may get a spike up into the decision but afterwards we should see some strength unless there is a surprise which would send the JPY pairs to test last years highs.

EUR/JPY

It's called screencast-o-matic

AUD/USD

Currently the sentiment of this pair is bullish along with the trend but the terrible trade balance numbers out of China on Friday night could sharply change this on the open come Monday. It will be interesting to see if we get a gap down open on ...

AUD/USD

It appears a near term top could be place on the USD/JPY. If 102.85 which is the nearest support holds on the other hand that is extremely bullish and we will look for a test of the 105 – 105.50 level. video

USD/JPY Discussion

Clearly the trend is up. Does overbought remain so or do we get a retracement? I cannot see traders buying up here at these levels without some consolidation first. Do we get a pullback to the 131.30 support or new highs first? video

EUR/JPY