Cyclopip

Spotted a simple channel setup on AUD/NZD that makes sense with the forex market being in the doldrums of summer. After bouncing off of the top, will the pair make its way to the bottom?

The EUR/JPY range breaks, GBP/JPY gets tighter, and EUR/GBP retests a potential resistance area in this week’s currency-cross weekly forex watch!

My textbook technical setup on EUR/GBP didn’t play out, likely due to weak U.K. sentiment and broad risk aversion due to China. Here’s a quick forex trade review.

China devalued the yuan today, bringing on a round of risk aversion. I think AUD/JPY is a great way to play this potential forex sentiment change.

Plain ranges and a slowly forming descending triangle makes for interesting setups in this week’s currency-cross forex watch!

EUR/GBP is higher after a not-so-hawkish BOE event today. With the market testing potential forex resistance arguments, is this another opportunity to short?

With the technical picture changing, I decided to close my NZD/CAD trade long position as the uptrend shifts into consolidation. Here’s a quick forex review.

New pictures have formed and with a busy forex week ahead, new opportunities seem to be forming on EUR/JPY, GBP/JPY, and EUR/GBP!

Looks like I’ve milked all I can in the down move in EUR/GBP so I decided to close my short position to take profits. Here’s a quick forex review.

Here’s a quick forex review on my GBP/NZD trade that I decided to close today on recent broad Kiwi strength and ahead of today’s FOMC event.