August 2016 Monthly Archive

Trade Idea: NZD/JPY Double Bottom

I’m starting this brand new trading month with this neat pullback setup on NZD/JPY based mostly on diverging policy biases between the BOJ and the RBNZ. Take a look! Read more

Forex Weekly Watch: Aug. 29-Sept. 1, 2016

The trends are still intact for EUR/JPY, GBP/JPY, and EUR/GBP so far. Think it’s worth going with the flow on these short-term setups? Read more

Trade Review: NZD/CAD Trend Line Break

Bah, so much for trying to catch the bearish momentum on this one! The Kiwi was able to put up a strong fight against the Loonie and steer clear of a sharp NZD/CAD drop. Read more

Trade Update: EUR/AUD Triangle Support

And I’m in! After EUR/AUD showed confirmation from the reversal pattern and made a quick pullback, I decided to hop in at market. Read more

Forex Weekly Watch: Aug. 22-26, 2016

BOJ Governor Kuroda’s dovish remarks and reports that the Brexit process could start by April next year could keep driving price action for EUR/JPY, GBP/JPY, and EUR/GBP this week. Read more

Trade Setup: EUR/AUD Triangle Support

Remember that EUR/AUD long-term triangle bounce I was looking at last month? Well, it looks like there’s more confirmation that buyers are gaining traction. Read more

Trade Idea: GBP/AUD Retracement Setup

Stronger than expected U.K. data has been propping the British pound up these days so I’m opting for a more conservative entry on this GBP/AUD trade setup. Read more

Forex Watchlist: GBP/AUD Retracement Setup

It’s looking like the pound might be a better short against the Aussie so I’m adding this GBP/AUD pullback idea to my forex watchlist this week. Read more

Forex Watchlist: AUD/JPY Aiming for Channel Resistance?

The risk-on vibes could keep boosting the higher-yielding Aussie this week, but I still gotta keep my eye on the scheduled economic catalysts from the Land Down Under.

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Forex Weekly Watch: Aug. 15-19, 2016

With a bunch of top-tier U.K. reports due this week, I’m keeping my one good eye locked on these GBP/JPY and EUR/GBP trend lines. Read more

Trade Update: NZD/CAD Trend Line Break

Yep, this one’s still open, fellas! I may have entered a wee bit too early on this short NZD/CAD position but it looks like the long-term resistance is still holding. Read more

Trade Review: GBP/CHF Descending Triangle

It looks like pound bears are running out of steam and can’t push GBP/CHF below the previous lows. Because of that, I’ve decided to book profits off this short trade.

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Forex Weekly Watch: Aug 8-12, 2016

Will we see a continuation of the strong trends on EUR/JPY, GBP/JPY, and EUR/GBP this week? Here are the setups and levels I’m watching. Read more

Trade Updates: Short GBP/CHF and Short NZD/CAD

Thanks to the BOE decision, pound bears took over and caused GBP/CHF to drop like a rock. Meanwhile, NZD/CAD seems to be setting its sights lower as well. Read more

Trade Idea: GBP/CHF Descending Triangle

Remember that GBP/CHF triangle setup I was watching last week? Well, price already made a downside breakout and is showing signs of a correction so I’m thinking of hopping in.

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