Al Brooks Price Action: Bulls are disappointed
The bulls were hoping for an outside up month, but failed. I said that whatever happened today, there would probably be disappointment for the...
DAX Daily Update – June 1st – Bearish Rebound
On Tuesday normal trading came back and investors had to deal with resistance on S&P500 at 2,100 pts. This level was a real problem...
GBPUSD – reaction at current level will impact on further direction
Last week GBPUSD wasn't able to break resistance at 1.4730 level. That caused rebound and yesterday the price reached support at 1.4480. GBPUSD reaction...
Price Action Daily Setups – AUDJPY, AUDUSD, EURAUD, EURCAD, EURUSD, GBPAUD – June 1st
AUDJPY
Currency pair rebounded from resistance, creating pin bar candle – its maximum was however visibly broken after today’s macroeconomic data. As I am not...
Ichimoku Kinko Hyo – GBPUSD, USDCHF, USDCAD – May 31st
GBPUSD
New week started above Kijun-sen 1.4537 support and the closest resistance is (4/8) 1.4648. If in the next few days bulls will break this...
GOLD – rebound should occur at 1180 level
May was terrible time for GOLD bulls. The price has fallen almost 10% and right now it is testing support at 1200. However, this...
DAX Daily Update – May 31st – Flat Session
As expected, lack of US and UK investors caused boring session. However DAX score (+0.46%) is still good for bulls. On Monday’s afternoon we...
Price Action Daily Setups – AUDUSD, USDJPY, EURUSD, EURCAD, AUDJPY – May 31st
If you are interested in Price Action Strategy description, you can read it here.
AUD/JPY
For the 3rd time, currency pair is moving below the resistance...
EURJPY – demand strikes back
Today situation at EURJPY is quite different than it was in the last week. On Friday support at 122.50 was in trouble but today...
DAX, S&P500 Weekly Update – May 30th – End of Correction
Both DAX and S&P500 improved their technical situation, but the hardest tasks are still ahead. Last week there was FED president Jannet Yellen speech...