Market Overview: Weekend Market Analysis The SP500 Emini futures traded below January low, triggering the sell signal from the second OO pattern on the monthly chart. However, there was no follow-through selling and the Emini reversed back above the middle of the bar. Monday is the final day of the month. The bulls want a close far […]
Market outlook for 2021: EURUSD Forex
Video duration 9min 13sec. Market outlook video reports for 2021: Market outlook for BitcoinMarket outlook for Bond futuresMarket outlook for Crude oilMarket outlook for S&P500 EminiMarket outlook for EURUSD ForexMarket outlook for Gold futures Video transcript Introduction Hi, everyone. I’m Al Brooks. Thank you so much for your attention. At the end of every day, […]
Foreign currency exchange trade of the week, February 7, 2015:
Forex double top bear flag
Example of foreign currency exchange trade of the week: Forex double top bear flag in USDCAD 5 minute chart The 5 minute Forex USDCAD candle chart had a strong rally, but failed to get above the prior lower high. This trapped bulls into buying high and bears into waiting to short. The 5 minute Forex […]
Weekly Forex update, January 24, 2015:
Sell climax and an exhaustion gap
Monthly Forex EURUSD candle chart: Strong bear breakout below head and shoulders bottom The monthly EURUSD Forex chart is in a strong breakout below a head and shoulders bottom. A failed bottom usually falls for at least two legs and it typically reaches a measured move projection. The monthly Forex EURUSD candle chart is breaking […]
Forex scalps, December 4, 2014
The weekly EURUSD chart is forming a wedge bottom and traders are buying low. Day traders are more willing to look to buy, especially strong reversals up. There were several scalps up and down on the 5 minute chart today. I have had many requests to post Forex scalps, and am doing so today. On […]
Forex price action showing trend reversal
The Forex market daily chart of the EURUSD cross has been in a trading range for months and had a sharp selloff down to an area where buyers came in during February and April. Traders watching this Forex price action found a day trading opportunity today on the 5 minute chart. The 5 minute Euro […]
Forex trading strategies in broad bull channel
Ninety per cent of the time, the market is either in a channel or in a trading range, and it is better to buy at support and sell at resistance. This a good Forex trading strategy…in fact it is a good trading strategy for any market. In a bull channel, support might be the bottom […]
How to trade foreign exchange market weak breakouts
This is an example of Forex exchange market trading, showing how to trade a weak breakout in the EURUSD. It is from my Futures Magazine webinar for the Traders Expo earlier this week. This is a transcript that was created by YouTube’s Close Caption voice to text, so it probably is not perfect. Hi. I’m […]
Scaling Into trends. example using the forex and currency futures markets
I posted a version of this on Friday, April 26, 2013, but the content was not as clear as I wanted. I remade it today, Sunday, April 28. This video complements my May, 2013 article on Scaling into Trends in Futures magazine. In this video, I am using a 5 minute chart of the Euro […]