A few weeks back I raised my stop on my short EURUSD position to account for any bullish sentiment that may occur from the prospect of a Greece bailout which proved wise as the pair would retrace its gains and decline an additional 150 pips. A failed... 

Extremely low volatility is making recent price action anything but interesting, and it is difficult to find trade opportunities when prices are essentially remaining stagnant. With that in mind I’ll stick to the side for now and bide my time until... 

The EURUSD rally from 13443 may be the beginning of a larger 4th wave.  The next major resistance is 13842.  This does not mean that it is time to turn bullish however.  4th waves are often choppy and tend to form as flats or triangles.  Range trading... 

There is little doubt in my book that the euro is one of the most fundamentally unstable currencies the market has to offer. Forecasts for growth are tempered by those members that are struggling to initiate a recovery while their policy options are limited.... 

I sold USDJPY at 90.14. Last week, prices gave somewhat of a scare, nearly tripping my stop-loss before turning sharply lower once again. Near-term support at this point is at 89.62, with a break below that exposing 88.54. I will continue to hold short,... 

Following up with the long GBPJPY recommendation from the previous week, the trade did not pan out as expected, and I ended up getting stopped out with minor loss. As the Japanese Yen continues to benefit from the rise in risk aversion, we may see the... 

Current Yen strength has led me to put aside my bullish USDJPY bias, but as I said on Monday we could see a test of the 50-DAy SMA before a larger bullish trend begins. It is clear that broader pessimism is growing and therefore we should see continue... 

I’ve been biding my time until we see better trade setups on short “risk” ideas. But I see an opportunity in the USDJPY that looks pretty solid. The pair has held up at the 61.8% Fib retracement of 88.50-92.20 move at approximately 90.00,... 

I like the downside in the CADJPY as a longer term trade. The advance from 8235 is larger wave 2 (or B). After trading just above a resistance line, the CADJPY reversed and the decline is in 5 waves. I am targeting a break below 8200. The pattern... 

This Wednesday, Ben Bernanke, the Federal Reserve chairman, gave its semiannual Monetary Policy Report to the U.S. House of Representatives in Washington, D.C. The US dollar had a mixed reaction to the news since this was an uneventful speech, mostly...