downside

Despite the GBP's surge on Friday following the reached agreement on migration between the EU and U.K the Pound still looks like it can print a new downside leg. The Monthly candlestick closed below the key support region of 1.3250 and formed a hanging man candlestick which was mirrored on the Weekly timeframe also. Here on the Daily timeframe, we can clearly...

IMM matches the adage, "Markets take the stairs up and the elevator down".

US30 broke out long trendline weekly, abnormal movement, so its to expect that we will retrace soon. First Elliot wave target is more than possible.

Traders we have been watching EURUSD for a while as it struggles to break above its previous highs and is sitting within a weekly resistance zone. We are looking for a break below the daily lows for opportunities for a short position. Weekly chart suggests a weekly retracement could be playing out. FOMC last week stated they expect to hike rates 1 more time this...