US Dollar continues to gain strength across all the majors. It is also doing it in the classic Asian fade scenario (pullbacks during Asia, selling in Europe and NY). An easy game to play on the Euro until we see candles close above the hourly 55 or Daily CPP. Enjoy. Have a great holiday everyone.
Daily afternoonanalysis of the US Forex market trading session with DailyFX Currency Strategist John Kicklighter. Includes coverage of economic and financial market news, as well as an outlook for the day ahead and trading ideas. www.DailyFX.com
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Hey everyone, happy holidays!! For this presentation I analyze the Euro USD, Kiwi Dollar and cable. Thin, holiday conditions abound I am taking a very conservative approach to the market. Technical analysis is flimsy at best during holiday periods. Good luck today!! David Pegler
The USD has been showing strength lately I think we can all agree with that. Meanwhile the British Pound has been not only weak but threatening to break a serious looking trendline level on the 4hour/daily charts. This combination of a strong greenback and weak Sterling naturally led us to pay close attention to the GBP/USD pair. While there were quite a few opportunities in every major session to technically get short this pairing today, a fresh short entry in the London session could have …
The EUR/JPY long from yesterdays double bottom continued to perform throughout late Asia into Pre-London. This actually ended up creating a legitimate higher low on the Daily chart. In this video I break down in it’s entirety why I had good reason to believe the EUR/JPY would continue to rise throughout the London session today. Using things like MACD divergence on the EUR/USD and EUR/JPY, price trap breaks, the USD index, correlated JPY weakness, and of course our good friend Fibonacci to …
Hey everyone, for this outlook I take a look at the Euro and Aussie, I also touch on some commodity discussion. The markets seemed to trade a bit thin yesterday during the European session, I think a combination of Monday and time of year were contributing factors. Hopefully today is better. Good luck!! David Pegler
Hey everyone, for this outlook video I cover a number of subjects briefly, most notably my trading strategy for thin holiday conditions. In addition I draw up a conservative trade plan for the Aussie USD. Very simple support and resistance type analysis. Good luck!! David Pegler