Welcome to the video update for Monday, November the 8th. First chart is the EUR/USD pair weekly where we saw price last week move higher but sellers stepped in, evidenced by the selling shadow on the candle. Last weekend’s video update showed two possible patterns developing on the daily chart. Which pattern prevailed? Trader Rick […]…
Welcome to the video update for Monday, November the 1st, 2010. Remember we have FOMC announcement on Wednesday, the 3rd, and employment on Friday morning. This video update will cover the big picture since we are starting a new month. Always check your monthly at month end in to review the big picture. First chart […]…
Welcome to the video update for Monday, October the 25th. First chart is the EUR/USD pair weekly chart where last week’s candle was a spinning top, indicating hesitation. Could be sellers taking control or just a break before the buyers push prices higher. Have we had a close below the low of the recent high […]…
Welcome to the video update for Monday, October the 18th. First chart up is the EUR/USD pair weekly chart where last week price continued trading outside the upper keltner channel, telling us that currently the momentum and trend is strong to the upside. Last week’s candle was a doji, so that means buyers may be […]…
Welcome to the video update for Monday, October the 11th. First chart up is the weekly EUR/USD pair weekly chart where last week was a spinning top candle formation. With price moving thru resistance levels, note the next level of overhead resistance. Also noteworthy is the fact that price has traded outside the upper keltner […]…