Key Support: 1.2570 Key Resistance: 1.2780 The USDCAD has been in a very aggressive bullish move since it bottomed around 1.20 at the end of May. It moved almost +8% from low to high in just 80 days. After topping at the 1.2950 last month we saw a very parabolic move towards those highs just […]
Key Resistance: 20.25 Key Support: 20.17 – 20.15 The USDMXN rejected last week’s highs on Friday printing a lower high before crashing to last week’s lows on Powell’s very Dovish speech at the end of the Jackson Hole symposium. This created a big double top with the neck line right at last week’s lows. This […]
Key Support: 0.8545 Key Resistance: 0.8590 The EURGBP rejected the top of the immediate bullish structure and dropped -0.60% to retest the previous broken highs (Jul 27- Aug 2 highs). This market is trading inside a very structured bullish move creating bullish divergence since the rally from last week’s lows every time it dips higher. […]
Key Resistance: 1.3750 Key Support: 1.36000 The GBPUSD started the week o a bullish note reversing from around last month’s lows but if we look at the mid term in this market we can see that this bullish move is only a 50% pullback from last week’s bearish range. If we look at the past […]
Key Support: 22.28 Key Resistance: 20.44 The USDMXN has been in a very strong bullish move since the beginning of this trading week (up 3% from low to high) without any deep pullbacks. Yesterday we tried a bullish continuation that stopped us out at a loss but the setup presented itself again and like I […]
Key resistance: 1.2530 Key Support: 1.2490 – 1.2440 After rejecting the 1.2800 level on July 19th, the USDCAD dropped 3% to retest the 1.2400 level. The impulsive moves in this market are bearish and I have been waiting for an opportunity to short on relative strength (pullback) Yesterday I tried to short at the retest […]
Key resistance: 20.00 Key Support: 19.88 – 19.80 The USDMXN has been trading sideways in a very choppy range (on the daily and higher TFs) for about 6 weeks but since Tuesday, we have seen a very structured bearish move (-1.52% from high to low). I’ve been hunting these shorts since yesterday on a retest […]
Key Resistance: 1.3888 Key Support: 1.3800 The GBPUSD has been trading inside a short-mid term bearish structure since it retested the 1.40 level back in July 29th and yesterday we saw a bullish move towards last week’s lows. Looking at the USD and how it has been rallying a retest of last week’s lows on […]
Our VIP trades have been performing very well in what has been a very choppy summer trading. Usually during summer trading volume goes down and markets are more range bound (choppy) than usual, which makes for harder market conditions to trade. Traders not used to these market conditions normally lose money during summer trading but […]
