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9 Followers
Write a Squawk to Morris
  • Squawk / Friday at 21:33 GMT
    Managing Director / Technical Research Limited
    New Zealand
    The US stock market rallied to a new high ahead of the long weekend (see chart below)

    This last piece of bullish sentiment seems confined to the US; few other markets joined in this week.

    The US dollar index broke thru key chart support (see chart) as the dollar weakened across the board.

    The bond market was initially impressed with the CPI inflation update but soon gave up gains.

    The core rate rose a touch to 1.8% rounded (actually 1.78%, up from 1.71% previously – so nothing to get excited about)

    Core inflation has been stuck in to 1.7-1.8 percent range for 8 months (see chart)
    Read the Squawk
    3d
    brandon lee brandon lee
    Hi max, at the same time we saw big moves in the eurusd.
    3d
    Max McKegg Max McKegg
    Absolutely! If you would like to receive my Full FX Trading Report on Monday then you're welcome to contact me. My details under my TradingFloor Bio....
    3d
    Morris Morris
    Looking at level 90 then 80. These are long term! If these hold it may be time to change our bearish view but depending on Max EW...
  • 3d
    Morris Morris
    Hi ! Mate . Look at your weekly chart! $63 is key neckline of a massive inverse sHs? It is now short term resistance at if it...
    3d
    Morris Morris
    There are also lots of inv sHs patterns on the weekly. Note one at $50 that was broken! There is strong momentum as per your note on...
  • 4d
    Morris Morris
    Any similarities to the moves in EUR/USD?
    4d
    seas seas
    Nice trade.
    4d
    sutiani sutiani
    Entry: Today Only: Sterling is seen as a Buy around the 1.3500 level .....(only until 1.3560 resistance is cleared).You mean if buy around 1.3500 level not done,but...
  • 08 January
    Clive Lambert - FuturesTechs Clive Lambert - FuturesTechs
    If you're still in this trade I'd say stick with it (We did print 1.3588 overnight.... Grrr0. Even better seling EURUSD all the time it stays below...
    08 January
    Alan M Alan M
    Did you manage to hold on today Clive?? I got taken out on that spike at 4pm, I think it was fixing flows.. To add insult to...
    08 January
    Clive Lambert - FuturesTechs Clive Lambert - FuturesTechs
    Same here Alan. The euro shorts looking more attractive though. EURJPY should give us an Evening Star on the daily the way things are looking...
  • 04 January
    Morris Morris
    Max! The chart pattern is it economics following or leading?
    04 January
    wang fei wang fei
    how about gold?
    04 January
    Max McKegg Max McKegg
    At the start of this trading week I sent all my Subscribers a Special Trading Update on Gold.
  • Trade view / 02 January 2018 at 9:04 GMT
    Medium term
    /
    Sell

    USDJPY looks lower on broad USD rout – #SaxoStrats

    Head of FX Strategy / Saxo Bank
    Denmark
    The US dollar is weak across the board, likely as the market takes the long view on US fiscal deterioration in the New Year under the next tax regime. If current account issues are one of the market's focal points, then the JPY has a lot of catching up to do with its peers against a struggling US dollar.
    Read the Trade View
    02 January
    Dance like nobody's watching Dance like nobody's watching
    Why one doesn´t call the tax reform QE4?
    03 January
    edo edo
    Why would de US current account deficit further deteriorate due to FED tightening? I would rather think the opposite...
    05 January
    marran marran
    this isn't looking very good
  • Squawk / 20 December 2017 at 6:49 GMT
    Founder, Owner, Director / Market Chartist
    United Kingdom
    Triangle Correction on EURUSD Points Higher by Gregor Horvat

    On the daily chart of EURUSD, we can see that the trend is overall bullish and is unfolding a nice five-wave pattern within higher degree wave C) of IV. Wave C can be an impulse, which means it can unfold five, clear waves, which is currently the case. The other possibility would be that wave C) would unfold as an ending diagonal in which case an overlap would be seen between waves 1 and 4.

    See the full article and analysis here: https://www.fxexplained.co.uk/forex-articles/technical-analysis/triangle-correction-eurusd-points-higher/
    Read the Squawk
    27 December
    Morris Morris
    Market Chartist! What are the similarities between corrective EW 2 and 4 on the Eur:Usd Daily chart?
  • Trade view / 06 December 2017 at 0:36 GMT
    Short term
    /
    Buy

    EURUSD prepares for its next trend move

    Managing Director / Technical Research Limited
    New Zealand
    An impulsive Elliott Wave sequence persists in EURUSD. Support is at 1.1800/1.1780, with resistance at 1.1900/1.1920 and upside potential towards 1.2090, 1.2190/1.2210 and 1.2330.
    Read the Trade View
    07 December
    Murat's Martini Murat's Martini
    Yes i have a winning idea pls visit https://www.mql5.com/en/signals/362777
    07 December
    Murat's Martini Murat's Martini
    This signal is fully automated for further questions you may contact me at muratkoprululer@gmail.com
    07 December
    alki alki
    Bounced off support. Back from the dead.
  • Squawk / 05 December 2017 at 16:16 GMT
    Founder, Owner, Director / Market Chartist
    United Kingdom
    USDCAD Looking For A New Bounce Higher; 1.26 region Can Offer Support
    By Gregor Horvat

    USDCAD was trading bearish through May 2017 and through September. We can see that a five-wave impulse had unfolded and found a base at the 1.2058 level.
    From there a new bullish movement followed, which we labeled it as wave A, first wave of a three-wave recovery which means more gains is expected to occur after current wave B is finished, which can look for a base around 1.2600 and also complete a bullish H&S pattern.

    See full article qbs analysis here: https://www.fxexplained.co.uk/forex-articles/technical-analysis/usdcad-looking-new-bounce-higher-1-26-region-can-offer-support/
    Read the Squawk
    05 December
    Morris Morris
    Good EW count on H4!
    05 December
    John Shaw John  Shaw
    Thanks very much for sharing Steve. Have a great day my friend.
  • 05 December
    Ziddi Ziddi
    Thanks,,))
    07 December
    Steve O'Hare - First 4 Trading Steve O'Hare - First 4 Trading
    Price action has broken $1260 and so paves the way for a move to $1250. A break here could see losses towards the $1200-1210.
    10 December
    TradingCent TradingCent
    Thanks Steve But
    now What Point to SELL ?
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