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

Fundamental Trading with a Directional Bias

100%. Weekly charts are the key!

In One Sentence - How Do You Trade?

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

In One Sentence - How Do You Trade?

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 ...

Fundamental Trading with a Directional Bias

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 ...

Fundamental Trading with a Directional Bias

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 ...

Fundamental Trading with a Directional Bias

Agree with you 100%!

Weekly Top-Down Technical Analyses

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 ...

Fundamental Trading with a Directional Bias

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

Weekly Top-Down Technical Analyses

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 ...

Fundamental Trading with a Directional Bias

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

The Swamp

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 ...

Fundamental Trading with a Directional Bias

Really like these analyses. Nice simple approach.

Weekly Top-Down Technical Analyses

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 ...

Fundamental Trading with a Directional Bias

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 ...

Fundamental Trading with a Directional Bias

Did anyone else get caught on GBPJPY? image

Trend Trading System

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

NZD/USD

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

james16 Chart Thread

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

james16 Chart Thread

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!

james16 Chart Thread