The rally in Cable over the last couple of Weeks has shown considerable strength and though I have mixed opinions from a fundamental perspective, it is more than possible we'll see trade-able pull back from current levels.
Judging how deep that pull back will be is a little more tricky, so here are a few charts to help you find your own conclusion:
EUR:USD closes today's session at resistance and I'm sure many will be looking to this level as an opportunity to add to shorts or to enter short.
Although my opinion remains that a long term low is not in, more so with €1 Trillion LRTO hanging over it, I definitely don't feel comfortable selling the current resistance, but I wouldn't buy it either. In fact, I entered long yesterday and covered the position at the
With the U.S Markets closed today for MLK day volumes have been low and there really isn't anything substantial going on in any of the Indices or Forex Markets I watch.
All existing set-ups detailed here over the last fortnight are either still in play or their respective moves are in progress. In fact, I wish I took some more of those trades because some have performed
Euro aside, not a great deal has changed following the last couple of Weeks worth of analysis detailing trading set-ups that still remain pretty solid, most of which are still valid or have moves still in their infancy. To avoid going over that ground again, here I'll cover a few possibilities from the watchlist where we can watch out for
I've been itching to post about my long term outlook for GBP:CAD for ages now and have been running a couple of small trades on and off the long side for a couple of Months now but haven't reached the level of confidence required to really jump into these in size or with real commitment.
Now that might be changing and here I present you with a trio of trading opportunities to make the most out of a bearish Canadian Dollar.
As there's nothing on the horizon that can be confidently deemed as imminent trades, here are a few charts showing Forex Pairs at inflection points where the market must come to a decision quickly in regards to the near term future.
Whilst we are seeing a fair amount of intraday volatility and little in the way of solid long term trending I'm going to focus my TA on a shorter term basis sharing a few possibilities for the week ahead.
Daily and Weekly chart's are