SP500 Gap Filled

May 19, 2017

Our S&P 500 bonus chart from yesterday’s blog featured a daily gap that price was stalking before the futures open. S&P 500 Daily: Click on chart to see a larger view. I’ve featured only a daily chart above, but if …

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Aggressive Sell Off Sees USDX Back Below Trump’s Election Win Level

May 18, 2017

As we head into the back-end of the week, the US Dollar has experienced an aggressive sell off. One interesting line I picked up in my morning reading was: “The US Dollar has now fully reversed all initial gains following …

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GBP/JPY Bearish Price Action

May 17, 2017

After featuring AUD/JPY stepping down between support/resistance levels in Monday’s blog, I wanted to continue the Yen theme with a similar setup on GBP/JPY. First up we have a higher time frame resistance zone on the daily chart which price …

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USD/CAD Testing Support While Still Inside Bullish Channel

May 16, 2017

Just another support/resistance level working in both directions for traders to manage their risk around, this time on USD/CAD. Take a look at the level highlighted on the daily chart below: USD/CAD Daily: Click on chart to see a larger …

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