Cyclopip

With potential major events coming up for the cross-currency pairs, range forex plays may be the name of the game early in the week & ATR levels ones to watch.

The OPEC decision had forex traders hitting the sell button hard on oil currencies, which unfortunately includes the Loonie and closing out my EUR/CAD short.

I spotted a potential broken support-turned-resistance play on EUR/CAD that looks pretty interesting with Canadian data starting to turn positive.

We finally get to see some pull backs among the major cross currencies, potentially creating new opportunities for momentum traders, especially with yen pairs.

A bit of a surprise from today’s BOE meeting minutes that had forex traders lighten up on pound shorts. GBP/CAD popped higher to hit my adjusted stop. Here’s a quick trade review!

EUR/JPY broke a key technical level to the upside & GBP/CAD continues its downtrend lower, both of which had me making forex adjustments early in the week. Here’s a quick update.

The story is changing for the British pound, changing up the forex charts and setup up potential range, trends and breakout plays on the crosses!

Got myself a nice drop on GBP/CAD, enough to possibly break the strong support around 1.7900. Don’t know what’s next so it’s time to lock in profits and maximize gains.

Who better to coattail on forex trades than one of the world’s major central banks? No one! So, I’m looking to take a position on EUR/CHF with the SNB to defend the franc.

The picture has changed once again for the yen cross pairs, while EUR/GBP is still humming along its downtrend lower creating simple forex setups.