Forex Signals

It’s just a correction folks, keep walking, nothing to see here. The uptrend is still intact.

But for your doubters, let’s take a closer look.
The first view is the “market memory” or “lookback” – just two words that mean the same thing that I use to describe when I my chart view includes the complete amount [...]

Most of the time the pairs that I look at are US dollar-related as they give both an indication of general risk themes in the market and the specific strength or weakness in a currency.  However today I am looking at EUR/GBP as the chart looks too juicy to pass up.
As we can see from [...]

Quotable
“Nature magically suits a man to his fortunes, by making them the fruit of his character.”
                                    Ralph Waldo Emerson
Commentary & Analysis
Talking about false beacons, is gold one? Are earnings reports?
You know how gold is supposed to work, right?
It maintains its value over time, despite the rampant central-bank-induced inflation of fiat money, right?
I guess it can do [...]

Let me start off by saying, I love gold.  I want to own it, possess it, even want to hang out with it.  However, I’m not certain that I love AT THIS PRICE.  Part of the “problem” with being a market technician is that you just have to go by what the charts tell us.  [...]

The last time I wrote about a possible Bank of Japan intervention to the weaken the Yen, it happened within two days!  So I’m writing about it again today!  But seriously, the USD/JPY currency pair is approaching that 76 level which some have considered the “line in the sand” for the BOJ and is near the levels [...]

Quotable
“Let me never fall into the vulgar mistake of dreaming that I am persecuted whenever I am contradicted.”
                                    Ralph Waldo Emerson

Commentary & Analysis
Smokin’ … Or Smoke & Mirrors? There’s something peculiar about crude oil …
Last week’s crude oil inventory drawdown is not bullish. From Reuters yesterday:
U.S. crude oil stocks showed a sharp, larger-than-expected decline last week [...]

The daily EUR/USD has been trading higher but when looking at this time frame within its one-year market memory or lookback, the 34EMA Wave has not yet taken on an ESTABLISHED “twelve to two o’clock” angle and this means that while the rally certainly has bullish sentiment and momentum (reflected in the green GRaB candles) [...]