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Greetings Fellow Traders, Just an update on an idea already posted - as described before we had the potential to break higher or delay this break with a temporary move lower. The market moved lower providing a good selling opportunity and we're finding ourselves once again on the bring of the same buy setup. Keep an eye on the end of week close for the most...

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Greetings Fellow Traders - NZDUSD continues to be undecided even after what appeared to be a very significantly close to last week. The key .6860-.6900 level held on the daily candle through Friday - but it was very quickly erased to begin this week's trading. Monday's Daily Candlestick made sure of that. Price action on the daily and 4 hour charts suggest that...

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Greetings Fellow Traders, There are always price action and structure developments occurring. The waves of the market bounce around between currencies. On the near horizon one of the best looking setups that has taken on additional structure is happening right now on the GBPCAD pair. A Descending Wedge Pattern is a structural pattern that indicates Sellers...

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Greetings Fellow Traders - In an important note on a EURUSD commentary I mentioned that GBPUSD was the exception to what I am seeing as bullish pairs actually indicating bullish trend potential for XXX/USD pairs. GBPUSD was incredibly bearish the last few months/weeks - an Incredible sell off - followed by another strong sell off, but shorter lived. Since then...

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Greetings Fellow Traders - Keep an eye on the EURUSD Daily closes this week - as we've had good luck buying EURUSD last couple of weeks - it looks yet again to be ready to move higher, pending commitment to the move. I've outlined the key adaptive technical levels I'm currently looking at, if the 1.1350 area can be confirmed to be broken on the daily close -...

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Greetings Fellow Traders, GBPNZD has been inside a massive correction for several months now - the anticipated break has been to the upside - but it has failed to produce a desirable close to confirm that conviction several times already, instead opting to continue the correction. We are finding ourselves once again on the brink of this important move.... Rule...

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Greetings Fellow Traders, Last week's daily confirmed close below a key technical level was overruled by a higher time frame, the weekly. I've opted to show the weekly chart to help illustrate exactly how/why - but it all boils down to simple support and resistance, Old Resistance Became a New Support. The Trade of the Week is going to be NZDUSD Bulls - I'll lay...

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Greetings Fellow Traders, EURUSD had quite the movement last week, with a well defined move above the key 1.1065 level that was already identified. Buys were sought near this level and for pretty much anything under 1.11000 as long as it continues to hold. The move to 1.08 area before the massive surge on the daily scale buys the EURUSD time to decide which...

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Greetings Fellow Traders, AUDNZD made a key break over the last couple weeks of trading giving more reasons to be looking for longs. AUDNZD on the weekly scale continues to confirm every thing that is needed for a successful Head and Shoulders Pattern. On the short term expect the current buying pressure to continue all the way to around 1.1520-1.1600 depending...

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GBPAUD is set to reach 1.9350-1.9450. Current Price ~1.9000 is a great buying location as old resistance becomes new support. This buy is nullified by making a new low in the 1.8880 area Targets would normally be 1.96000 area as noted, however due to the break of the enormous daily/weekly channel, I'll look for 1.9350-1.9450 to serve as a good target...

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Greetings Fellow Traders, USDJPY continues to show clear signs of consolidation in a range below 116. The previous analysis still holds strong as we continue to wait for price to make it back to 116 area. Ideal Selling is going to take place around 115.50+ If you are a short term trader, it might be advantageous to look for both buying and selling...

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Greetings Fellow Traders, Candlestick that is rarely seen - we are going to be heavily bearish for the first and likely 2nd week of March on the AUDUSD pair - the uncertainty of direction is not an issue anymore. I will not require any confirmation on this set up - Sell any early week rally on AUDUSD - or wait for confirmation if you choose with the same support...

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Greetings Fellow Traders, EURUSD has broken a key technical level on the daily chart to finish off this week's trading. It should be expected that in the next 1-2 weeks selling pressure will prevail. However please note that the weekly candle is not in total agreement with the daily candle on the level that was broken. The bias remains very strongly in favor...

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Greetings Fellow Traders, I don't always provide mid-week updates but there was an important development the last 2 days with my views on NZDUSD. Monday's trading saw NZDUSD make ANOTHER attempt at the weekly bearish strength line but closing below. For the first half of Tuesday it continued the pressure on the weekly strength line but it closed by engulfing...

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Greetings Fellow Traders, EURGBP has begun forming structure worthy of my attention, an ascending wedge. An ascending wedge typically break out in a bearish manner due to the fact that they usually occur at the tail end of an established bull trend. The targets for the wedge will be near the .75000 mark as this is where the market initially found support from the...

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Greetings Fellow Traders, EURUSD failed to confirm the bullish perspective that was posted over the weekend. It was critical to get a close near/at 1.1140 before considering the buy position. We slid below the defined support and proceeded to use it as resistance this week. The current move looks to be making an attempt at the bullish strength from the 1.05 lows...

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Greetings Fellow Traders, I'm not going to go as in depth as I did with AUDUSD - You're welcome to view that analysis in my profile as these setups are very similar. A couple of the key differences that I would bring to attention with NZDUSD is that it is more bearish than it's Oceanic Partner Australia. The Friday rise began after it was in the process of...

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Greetings Fellow Traders, There are many tools available to us traders but most importantly it's crucial that you always keep the bigger picture in mind. Candlesticks can often be one of those tools, but they, like many things in trading are not indicative of future movements. Correlation is not causation. I've talked with many traders regarding AUDUSD recent...