The US dollar had been mostly range-bound through today’s Asian and London sessions. At the US equity market open, the major stock indexes showed red, and with it came USD strength. The EUR/USD currency pair offered a classic second chance entry after a range breakout move. A 60-pip profit was the reward for traders who [...]
Today the EUR/GBP and GBP/CHF 2hr macd divergence we have seen for over a week finally was followed up by some lower highs on the EUR/GBP and higher lows on GBP/CHF. Hinting Strongly at minimum of a 21 ema pullback on these long term charts was about to occur. This meant essentially we had technical [...]
We were kind of direction less for the most part on the majors as we neared the London open today. However, just prior to London opening we had the beginning of a British Pound selloff against all comers. The initial break of the price trap did not offer the high quality pullback we were looking [...]
Hey everybody, for this outlook video I look at Cable and the Euro Pound cross. Very simple analysis indeed, looking for some short term trend continuation plays. Good luck!! David Pegler
The US dollar rebounded during today’s New York session after hitting a 14-month low earlier in the day. A short trade from the top of an intra-day channel on the EUR/USD currency pair produced between 85 to 130 pips [depending on exit strategy].
When considering the GBP/JPY price action through the first five months of this year, the story of the mythical phoenix may come to mind. A currency pair virtually burned to ashes in last year’s deleveraging, has seemingly come back to life. Today, on the back of positive China and US PMI reports, the pound yen [...]
Hey everyone, for this look at the European market I concentrate on the USD/Yen and Pound Yen. Both pairs have reached some fairly critical technical levels and I draw up a trade plan for both a bullish and bearish scenario. Very basic analysis employed, support and resistance and multiple time frame use. Good luck!! David [...]
After the amazing volatility we have experienced lately in the markets, today’s London was shaping up on the charts to be more of a sideways market. We had a triple bottom on cable, other failed lower lows, but also failed higher high’s afterwards. This was shaping up to be a rather ‘trap’ type sideways session. [...]
More of the same today on the collapse of the Yen pairs, or so it seemed it was setting up to be. With Asia into Pre-London buying up the Yen pairs into the London open, London traders started their day at Fibonacci resistance, how perfect for some shorting to take place. In this video I [...]
Hi everybody, for this London outlook I tackle the Euro USD. Very simple analysis for you today. Nothing but price action, fibs and multiple timeframe use. Good luck and enjoy the video!! David Pegler