Here is my weekly look at the markets, Yen strong, Stocks weak, oil rises, Gold breaks out, all this covered in my video
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Thanks for the info, I have never took the time to learn MT4, I know a lot of traders like it.
There are a few sights I have found that have some variation of a Strong Weak ranking, I have just been doing my own for such a long time I would have to find something that is really going to blow me away to give up my own rankings
Pound surges to the #1 spot as British PM offers plans for an unconditional surrender to Germany, Churchill mush be rolling over in his grave
GBPAUD is now top SW trade, we will have to see if this has legs or just a one day event reaction
USD lead market on the day with CAD weakest but not much movement
AUD and GBP lead currencies today, which does not help our GBPAUD play, this pair is only about 10 pips above it’s opening price. With US stocks trying to rally and AUD likely to strengthen on such a rally, GBPAUD may not be the greatest play
Here is my weekly market video, all eyes on French election this weekend
Well the globalist saw the French election as a victory so the Euro had a big day, US stocks also liked it so they were way up and that sent the Yen down. Now lets see it these moves are part of a trend or just a one day reaction
Pound hangs on to it’s top spot but it is the surging Euro that everyone is talking about. GBPCAD is top SW trade but anything long Euro is a good play. Yen continues to dive lower as US stocks rally again
Big up day for #1 GBP and another bad day for #8 CAD which is all good news to my #1 Strong Weak trade GBPCAD, up as much as 371 pips from its April 21st entry price
Lets not forget the previous top SW trade GBPAUD up +346 pips , this trade was triggered off of the big breakout candle from April 18th. Staying in this trade would had taken your best poker face as you would had to endure a 3 day -100 pip pullback, but would had been rewarded over the last three days.
GBP opens up large lead over the rest of the pack, Euro’s Monday opening gap is starting to fade
Long Pound against any of the commodity currencies is the place to be this week
Yesterday did I say the Euro was starting to fade, scratch that, Euro up big overnight, if the pattern continues we should see a big opening gap higher for US stocks
Stocks were in full bull mode for the week, many new highs, Nasdaq at new all time high, Energy remains in bear mode, Gold pulls back with stocks rising, Surge in Euro but GBP hangs on to top SW spot, Top Strong Weak trade from last week GBPCAD has a nice weekly gain.
All this and more covered in my weekly market review video
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NZD followed by AUD lead the way today, GBP weaken a little but still holds the #1 spot
GBPCAD is still #1 strong weak trade, giving back a little today from it’s Friday’s high of 445 pips.
Hi Dennis,
Stumbled across this thread the other day. Been reading through it, loving your analysis.
Keep up the great work. I’ll be following closely and hope to contribute also.
Cheers!
Hi Benjwoo
Thanks for the positive feed back and welcome to my thread
After a one day pullback, GBP is back to extending it’s lead over the back, Top Strong Weak trade GBPCAD topped +500 pips from it’s April 21st entry point
USD and CAD lead higher today, while AUD was weakest, Top SW trade GBPCAD pulled back a little
