Recent content by TheForexGuy

Last week the fed ‘played their hand’, and decided not to raise interest rates in the US. It was this year’s highly anticipated news that forced the market to remain in consolidation holding patterns until the decision was announced, so investors knew where they stood. Initially the USD...

The GBPUSD has recently suffered a hard drop of 8 days of intense selling, moving price from a larger range structure top, sharply to the bottom support. During the 8 day sell off we haven't seen any bullish closing days! Now the market has reached a major support level, the bulls have finally...

The USDCAD daily chart has started off this week with some pretty decisive price action. We've watched the CAD bears drive the USDCAD up the chart for a few months now, but all good things eventually come to an end - this uptrend can't last forever. Is it time this market corrected? Price has...

The AUDUSD got caught up in the recent frenzy of volatility in the August markets – bad news from China also was a catalyst for major AUD weakness. We’ve seen price scream through a major support level and crashing into the 70c area. Since then, we’ve had a bit of bouncing around as price...

Going short via a bearish breakout trap and reverse price action signal on the GBPAUD daily chart. I have been very conservative with my trading due to the low liquidity/volatile trading environment the currency markets have been experiencing. It feels like forever since I've taken a...

The currency markets have been so slow and hard to trade due to the lack of volatility we've been seeing. Lots of pairs are producing hostile trading environments that we need to avoid until things pick up. The EURUSD is an absolute mess at the moment, I don't know how any trading system could...

Still optimistic that we will be able to grab an entry on this setup next week... Also looking at the AUD pairs which are breaking down into new lows. The old resistance level has failed to hold as support when price collapsed back down underneath it. An inside day signal has...

I've got a bearish bias on the AUDUSD at the moment. Price is now trading on the bearish side of the mean and closing under a level which needed to act as support if the upside momentum was to hold. So for now I am watch for sort opportunities. Just a follow up on the GBPNZD situation...

I've got a bearish bias on the AUDUSD at the moment. Price is now trading on the bearish side of the mean and closing under a level which needed to act as support if the upside momentum was to hold. So for now I am watch for sort opportunities. Just a follow up on the GBPNZD situation...

I hope everyone had a relaxing Easter break and enjoyed the time off. The markets should pick back up now as things return to normal. One market I am watching is the GBPNZD cross pair. This bad boy has just broken out of consolidation, and breached a resistance containment line as price...

A lot of quiet markets this week ahead of the Easter break. Most weekly candles showing indecisions, EURUSD one of the biggest sufferers of the low volatility. Despite the low price action, the market has clearly demonstrated rejection of moves into higher prices, so we may see some continues...

Looking at the NZDUSD chart today, price is now wedged between a critical resistance level and a the mean value, which has been acting has dynamic support. Generally in these situations the momentum of the market, and the mean value generally prevail. So we're anticipating a breakout to the...

Watch the EURUSD this week for a buy signal after corrections into support... After the explosive rally last week on EURUSD, we need to wait for any bullish price action reversal signals form off key support levels to consider pulling the trigger for long trades. Just have to watch and...

The AUDNZD market moved as I forecasted, but unfortunately I was taken out of the long position :( The FOMC dropped some bombs during their announcement and caused a sell off on the AUD. As a result of the news volatility my trade stop was hit and I was taken out of the trade. But after...

As expected the AUDNZD market respects old resistance level as a new swing level by printing bullish pin bar... This setup on the AUDNZD daily chart is a 'text book' perfect price action buying opportunity. Also waiting for the AUDUSD to pull back to a support level a drop a buy...