Posts by Joe Wright
Weak Dollar
There has been a lot going on in the news recently with the US and what the president has been saying and doing. These things can have an impact on currency prices but what are the charts saying? The news can give insights but the charts are still the best. Here are some charts indicating…
Read MoreAussie on The Rise
The Aussie has rallied from demand levels on the daily over the past few weeks and here’s some analysis on the moves. AJ After falling from daily supply, price hit daily demand and could not move lower. We saw a H4 reversal pattern start to emerge and so I just needed confirmation. And here was…
Read MoreAU Falls From Key Resistance
AU has been on the watch list for a while now after it hit a key level a few weeks ago. It recently made the move we were looking for so I’ve got the breakdown for you now. AU Price hit a resistance level on the weekly and had trouble break above daily supply. The…
Read MoreNU Falls
I’ve been watching NZD for the past few weeks with the premium members and we’ve recently seen some activity that we could take advantage of. I’ve got some of the details here for you. NZDJPY Price has been rejecting a weekly resistance level which also has daily supply around the level. We continued to monitor…
Read MoreSupply Holds On the Pound
The Pound has had a big bullish run recently and it’s hit some key levels on a number of pairs. I’m going to talk about a couple of them in this post. GJ GJ rallied up over 1000 pips in it’s most recent bullish push and it hit a level I was interested in being…
Read MoreAU Push From Demand
A few weeks ago AU dropped into demand and after hovering around the area for a while it finally made a move up. AU Price dropped into a key demand level but there was a supply level standing right above. Price tested the supply level and came back to demand. When it came back it…
Read MoreNU Pushes Up From Demand
We’ve seen some great moves in the markets recently and that has continued yet again. At the end of last weeks post I talked about analysis on NU and this week I’m going to highlight some details on that pair. NU Price dropped into daily demand so I was looking for opportunities to buy. The…
Read MoreBig Shorts As The Pound Rolls Over
Last week I talked about the drop on AU and that ended up hitting demand as planned. I’ll update you on that as well the action from the pound. AU I talked about the AU short I spotted last week and if you missed it you can find it here. The move continued as planned…
Read MoreBig Drop ON AU
AU has been on long term downtrend for some time now and there was another opportunity to jump on it last week. Here’s what happened. AUDUSD Looking at the charts, from a daily and weekly perspective the trend is clearly down. Price retrace to previous weekly support which was likely due to turn to resistance…
Read MoreEN Short Continuation
Last week I mentioned potential on EN and this week I have some more analysis to share with you on this pair. EN So price fell from supply as I initially mentioned last week here. After breaking support on the H4 price came back for a retest before heading lower. The level I was looking…
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