JordanFreeman

JordanFreeman

Its been very strong so far contrarian to what most analysts are expecting... so we will see. It will be very dependent on what US does with interest rates over the next year.

JordanFreeman

Very little here to say.. Look for short entries with this correction and wait for clearer longer term trend signal before taking longer term signals. No economics to really report on since both are considered safe haven currencies.

JordanFreeman

After topping out in late March, CADJPY began to correct after missed CPI estimates that came in as the lowest reading for the year. In the first few days of the correction, we say a right angled broadening wedge that eventually caused the even stronger bear correction. Once the correction finished over that next week, it bottomed out on the 24th of April 2017...

JordanFreeman

After this pair finished a very strong couple day downtrend, it recently corrected about 55% and now is heading back down. It has sliding support from the low of the downtrend and from the bottom of the correctional leg it is currently in right now. I'm looking at a bearish bat pattern as shown with short entry being the top blue box and the rest of the blue boxes...

JordanFreeman

AUDNZD is currently sitting on a key level.. Not much analysis to be done here. If support can be held here, add to longs on the push up while keeping trailing stops near by. After Spike and Channel pattern is complete, look for possible consolidation. From there, it will be a flip of a coin to determine where it goes at this point. Patience is key with this...

JordanFreeman

The AUDJPY currency pair is always an exciting pair to trade for its relation to risk and how big profits can be when traded correctly. Despite major seasonal bearish bias as seen from my 15 min intraday chart posted with this analysis, I believe this pair has been brewing strength for the last month as it showed a bit of weakness. I strongly believe in the coming...

JordanFreeman

Currently, 61.8 of retail traders are net long the the Australian Dollar. A dovish central bank and a non-stable economy is not helping AUDCHF's case. From an intraday perspective, AUDCHF has been in an rather strong downtrend for quite a while and it was only just recently where it overshot the lower line of the bear trend and shot right back up to the top. The...

JordanFreeman

AUD currently falling due to faltering commodities but CAD also isn't doing well due to poor jobs data and weak oil. So in turn, we need to look at this currency pair from a deeper perspective as there are setups to be traded. After a strong impulse up from when Canada's economy was completely in the toilet, Australia began to follow and thats why are currently...

JordanFreeman

After a brief but fillip, NZDUSD enjoyed a small ride up on a better than expected jobs report after bouncing off a 10 month low on April 28 and rising expectations for lowering the inflation rate. According to statistics, unemployment fell from 5.2% to 4.9% end on March 31 which is better than 5.1% of economists expected. Near term inflation reports show that...

JordanFreeman

A little over a year ago, USDCAD began a grueling uptrend that just wouldn't due to severe economic problems in Canada just like Unemployment but recently reports came in that unemployment improvement was better than expected which caused this security to take a nose dive. I personally expected this for intraday traders considering how overdone the uptrend for...

JordanFreeman

With the Us dollar continuing to rise due to the optimistic views of Trump, the people, and the FED; the pound has taken the hit on the bearish side of things. The two more rate hikes this year on a push towards normalization is very exciting to the general public for the USD so its not surprising to see it rising. First off though, in the process of the ECB and...

JordanFreeman

With recent and continued misses for AUD sales expectations, sold off as April sales data missed expectations and price breached the 83.50 marker. This number is key to further price action as it is showing that there should be more bearish and weakening attitudes towards growth and inflation control. The spot stalled overnight due to heavier selling pressure as...

JordanFreeman

While the past week has given traders a handful of possible drivers of price action, one of the most pertinent moves in the Forex markets has been the return of robust weakness in the yen. The recent influx of this weakness can be due to many factors but some of the more prominent factors include BoJ's dovish monetary stance, continued QE to try and bring...

JordanFreeman

After a rather expected Macron win in France's presidential elections, we did not really see much movement in price action that were real telling signs of where this would head. A first thing to note is that 2015 lows marked the bottom of the longer term Andrews pitchfork that we have still oscillated around the lower end of. 2015 was rather choppy for this...

JordanFreeman

We see an bearish rise in volume for the SPY and stoch took a bearish turn meaning that it seems as though the SPY has been overbought for a while and its finally kicking back.. 219.42 can be possible bounce point so watch for that but my stop loss would be at the 209.67 bullish pivot point. Let me know with Questions!

JordanFreeman

Based on what we see here.. we have a deep bearish crab pattern which is an indicator that after this consolidation we should be heading bearish. The stochastic is showing bearish signals so I expect that price will drop because we are loosing pricing power. 42.53 alert. 35.53 alert. S/L is 28.86.

JordanFreeman

After the long battle for the Dow20k push finally failed I think we are going to see SPY drop.. it has tested the 227.33 resistance point twice and failed.. We do have a volume dry up at the top here so that is always a sign to me that, a sell of it coming and SPY is likely to drop. Stochastic turned sharply bearish. Wait for bearish brothers grim or an engulfing....

JordanFreeman

I think its clear what the deal is here.. Let me know with questions! Constructive Criticism always welcome!