Cyclopip

Looks like I caught a bit of luck with my AUD/CAD short forex trade as the breakout lower still had momentum. With the pair now testing a minor support area, it is time to manage the position.

I’m going with a potential long-term short forex trade in AUD/CAD as the pair breaks below a major area of interest on strong momentum.

Volatility picked up big time for the currency-crosses last week! This changes up the forex charts a lot on EUR/JPY, GBP/JPY and EUR/GBP…Check it out!

It was a brutal day for the Yen, most likely sparked by the disappointing economic data from Japan during the morning Asia forex trading session.. Needless to say, this was not good for my Guppy short.

After taking a big hit at the week open, Guppy rallied back to filled the gap & retest the 172.00 handle. I’m looking to fade for a short-term forex play.

Thanks to weekend news, plenty of gap setups on Sterling crosses. Are they worth taking for forex traders?

Before I call it a week, here’s a quick review of my short-term EUR/GBP forex swing trade which–thanks to Draghi–turned out to be a nice gain into the weekend.

Ever since the possibility of Scotland leaving the U.K. took down Sterling, I’ve been looking to close my GBP/CHF long. Today’s spike higher was that opportunity. Here’s a quick review.

EUR/GBP shot to the moon this week on a combination of a broad euro bounce and very strong bearish sentiment on Sterling. Is it time to fade to play the longer term trend?

With forex traders coming back from Summer holiday, I see fresh range & trend setups in the crosses to play a potential pick up in volatility & liquidity!