July 2016 Monthly Archive

Forex Weekly Watch: Aug 1-5, 2016

With the BOE set to announce its policy decision this week, I’m on the lookout for potential breakouts on GBP/JPY and EUR/GBP. Here are the setups I’m watching. Read more

Forex Watchlist: GBP/CHF Descending Triangle

I’m seeing a lot of consolidation among pound pairs these days, as traders are probably waiting for more economic clues. I’ve got a bit of a bearish bias so I’m waiting to short GBP/CHF at these areas. Read more

Trade Review: AUD/NZD Triangle and Channel

Faked out! So much for trying to catch a short-term triangle breakout during the release of Australia’s CPI. Here’s why I decided to cut losses on this AUD/NZD trade. Read more

Trade Idea: AUD/NZD Triangle and Channel

I’m seeing a long-term support bounce on AUD/NZD’s daily chart that might be enough to keep Aussie bulls charging. Take a look! Read more

Trade Idea: EUR/AUD Triangle Support

This pair seems to have found a floor at the bottom of its descending triangle pattern on the daily time frame, probably gearing up for another test of resistance. Read more

Forex Weekly Watch: July 25-29, 2016

Reversals and breakouts! I’m spotting a few of these on the short-term time frames of EUR/JPY, GBP/JPY, and EUR/GBP so I think these pairs could be in for big moves this week. Read more

Trade Idea: NZD/CAD Trend Line Break

Now that the RBNZ seems to be keeping the door open for interest rate cuts, I’m switching to a short Kiwi bias with this NZD/CAD setup. What do you guys think? Read more

Trade Review: EUR/NZD Descending Channel

Talk about a reversal of fortune! My EUR/NZD short was going pretty well but price soon staged a really sharp rally. Here’s how my trade ended up. Read more

Forex Weekly Watch: July 18-22, 2016

Retracements or reversals? Check out these short-term setups I’m watching on EUR/JPY, GBP/JPY, and EUR/GBP for this week. Read more

Trade Idea: GBP/CHF Long-Term Range Support

I’ve got GBP/CHF on my forex watchlist earlier this week because the pair was testing a long-term range support. With the BOE statement coming up, I’ve zoomed in to the 1-hour chart to spot potential entries. Read more

Forex Watchlist: GBP/CHF Long-Term Range Support

It looks like GBP/CHF is bouncing off that long-term floor visible on the pair’s weekly time frame, but I’m worried how it might react to the BOE statement. Take a look at this neat bounce, though!

Read more

Trade Update: EUR/NZD Descending Channel

And I’m in! EUR/NZD is showing signs of a correction so I decided to scale in with my short position. What do you guys think? Read more

Forex Weekly Watch: July 11-15, 2016

With the BOE monetary policy statement coming up, I’m ready for additional volatility on the pound and euro pairs. What do you think of these setups? Read more

Forex Watch List: EUR/NZD Descending Channel

I’m a bit bummed out about missing this short opportunity on EUR/NZD earlier this week, but I’m keeping my one eye locked on this descending channel play. Read more

Forex Weekly Watch: July 4-8, 2016

I’m looking at a couple of potential breakout setups and a possible reversal signal on the charts of EUR/JPY, EUR/GBP, and GBP/JPY. Check ’em out! Read more