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Multiple timeframe conflict: EUR/GBP

Multiple timeframe analysis can provide good context and perspective on market moves. Take a look at the daily and weekly chart of the EURGBP below, which popped up on my radar screen because of the 3.2 sigma move underway this morning. The daily chart is strong, and...

Gap and go or gap and crap?

Gaps are important. Gaps on charts can show powerful shifts in market dynamics, and we can identify some interesting tendencies around these gaps. Intraday traders often find an edge in fading gaps, but let’s look today what happens over a longer time span....

US Dollar trend update… next steps

Just a quick followup to this post, in which I suggested the US Dollar might be set for a fakeout rally (that has happened) that might fail into a sharp selloff (this could be setting up.) Let’s look at what has developed since I published that post a few days...