February 2015 Monthly Archive

Short-term Forex Range Play on USD/CAD

After seeing my homegirl Happypip doing well with USD/CAD, I thought I’d jump in the action as well. Will the strong forex support around 1.2400 continue to hold? Read more

Resistance on GBP/USD at Previous Consolidation Area?

Cable maybe running into the first potentially strong resistance area since bouncing off of major support at 1.5000? Time for sellers to jump in a renew the forex downtrend? Read more

Forex Updates: Short NZD/USD & Short AUD/NZD

With the weekend just a few ticks away, I thought I’d share some thoughts and adjustments on my open positions in NZD/USD and AUD/NZD. Read more

Shorting the Forex Trend Lower in AUD/NZD

AUD/NZD broke a major psychological area last week and looks to be holding below that area since then. Fakeout or will the forex trend continue? Read more

Simple Fibonacci Forex Setup on NZD/USD

Good afternoon forex friends! For this week, I’m going with a simple technical setup on NZD/USD which looks like it may be ready to return to the downtrend Read more

Forex Trade Review: GBP/AUD Long

Here’s a quick forex trade review of my GBP/AUD trade, which closed out during the Bank of England inflation report release. Read more

Forex Trade Adjustment: GBP/AUD Long

GBP/AUD didn’t play out like an ascending triangle is expected to, but I was able to go long before buyers made the next push higher. Time for stop adjustment to lock in profits ahead of event risk. Read more

Long-Term Resistance on EUR/AUD?

My homegirl Happypip struck out on a short play in EUR/AUD, but I think with a little move higher, it becomes interesting for a short once again. Read more

Ascending Triangle on GBP/AUD?

Good afternoon forex friends! I spotted a very simple chart setup on GBP/AUD that goes well with the recent surprise cut from the RBA. Are we about to see a breakout higher? Read more

Short AUD/USD Ahead of RBA?

Will the upcoming RBA monetary policy meeting bring in some sweet forex volatility to make this simple Fibonacci retracement setup on AUD/USD work? Read more