I am currently in a short EURCAD from 1.5350 trade following a reversal off the underside of a key resistance area, a weak Euro due to a dovish ECB, and a neutral CAD due to the BoC removing their easing bias at the last meeting. image

100%. Weekly charts are the key!

Front-run central banks when price reacts at key support / resistance areas.

This week is a very busy week for markets. Focusing on the major data points… Tuesday 2 June 2020 The rate statement from the Reserve Bank of Australia will kick-start the day. There is no estimate for a change in rates however it will be ...

I still hold fundamental biases in various currencies, such as short GBP and EUR however the sentiment is currently opposing these views. GBPUSD Price breaking through the key level marked on the below chart clearly indicates to me that we’re not ...

I am not as bearish on AUD as I have been recently. In the RBA's last rate statement on 5 May 2020 they came across as slightly more hawkish than their oceanic counterparts, and other G7 countries such as the UK and Eurozone. Therefore, I am now ...

Agree with you 100%!

There are no major central bank risk events in the coming week; the next up is the Reserve Bank of Australia on Tuesday 2 January 2020. This week’s major risk events are: Tuesday 26 May - BOC Governer Poloz speech - This event is likely to be much ...

Technically, we’re at such a huge area in EURUSD. It will be very interesting how the market takes this level. My personal bias is break down. image

Reserve Bank of Australia - 5 May 2020 - Post-Meeting The Reserve Bank of Australia opted to leave policy unchanged whilst confirming they can purchase more bonds, if required. With Australia dealing with COVID-19 better than many other G7 ...

I'd like to see a move back up to the 1.0925 area, to fall back to the 1.089 area. image

Reserve Bank of Australia - 5 May 2020 - Pre-Meeting In a few hours we have the RBA rate decision, likely to provide AUD volatility whilst not providing a clear path for the Australian Dollar. At the previous meeting, the Reserve Bank of Australia ...

Really like these analyses. Nice simple approach.

Week Ahead - 4 May to 8 May 2020 COVID-19 is likely to continue its tight hold on headlines around the world for the foreseeable future, meaning risk appetite is weighing on markets more than usual. This week we have the Bank of England's and ...

Welcome back me... So today we have some renewed pressure on the USD. The Fed just released their FOMC Statement for June, and dropped the word “patient” in regard to future rate adjustments, stating they will act as necessary to keep inflation ...

Did anyone else get caught on GBPJPY? image

NZDUSD looking very bullish to me, after rejection of key area image

Hi Bill, I still believe this could be a great trade, we've clearly broke above this key area of resistance, re-tested and moved away. I think this could be a great set-up going into next week. image

We have some fantastic price action on the W1 AUD/NZD cross, room to move down too. Opinions? image

Sorry Bill haha, got confused there too. Yeah a couple of years ago that used to be a bad habit of mine too, over it now thankfully!