Dead heat for the top spot but give the edge to USD it has been the hot currency the last week
So much for giving the edge to USD as AUD slips back into the lead, markets are contracting. I will be watching for breakouts from this consolidation
What I am trading
Silver is up 43% year to date, no need to trade it, just buy it on the pullbacks and hold, I was hoping for a bigger pullback to fill in that July 1st gap, today’s action might mean this pullback is over. I am already long but always looking to add on a good price action signal
Here is my weekly market trend video
Strong Weak rankings for end of day Friday has USD #1
Weakness in CAD today as oil continues to pullback, everything else continues to consolidate
Weakness in CHF today, and look at Yen moving up the ranks , another good day could see Yen back at #1
After getting trashed yesterday CHF rallies today, with more back and forth action across the board.
We had some big swings today but by days end price was little changed. Now as I post this price is moving again in yen pairs
What I am trading
AUDUSD earlier today pulled back to the 200 ma on the 1hr chart making for a good long entry, For the past week and a half price in AUDUSD has failed to hold intraday gains above 0.7500 will this finally be the day price holds and long term up trend continues
What I am trading
for over a week I had a sell entry order on USDJPY sitting just below the 200 ma on 4hr chart waiting for the long term trend to resume, last night the order got filled but then retraced and at one time found myself down 170 pips, I held to my convection and stayed in the trade, my patients was rewarded as I am now up 150 pips as I post this
Follow up to my AUDUSD trade, price pulled back after my first post but found strong support at the 200 ma. Price has now moved up giving me a higher high, big up candle on the daily chart, this looks ready to resume it’s long term up trend
Very nice call Dennis
My strong weak rankings as of close Friday, Yen is back on top
Here is my weekly Market review video, Yen, Gold/Silver and maybe oil setting up for big moves
Commodity currencies were down today as oil drops to 40.00 a barrel
What I am trading
After taking profits near 0.7600 I had a entry order sitting at 0.7500 to catch the pullback to the 200 ma on the 1hr chart. I may hang on to this one for awhile and see if we can continue the uptrend
Another big day for Yen, the pattern this year has been for US Stocks to sell off on a strong Yen and that is what we saw today.
on a day absent of any big moves CAD was strongest in response to 4% increase in oil, Oil may had hit a bottom that is good news if you are long CAD
CAD was the winner for second straight day as oil continues to rally, GBP was by far weakest
yes you always have a 50 50 shot with Investing.com - Stock Market Quotes & Financial News time in your pair example eur usd down the bottom daily 1 hour 15 mins and 5 mins strong buy strong sell ect. always a 50 50 shot.
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Here is my weekly Market review video with latest Strong Weak rankings