drewbyfx

drewbyfx Updated 

Looks like we broke a hard bullish trend. line. If it breaks that lower level of support then my bias is confirmed. DXY is in confluence as well. Very early in the week. Happy Trading!

drewbyfx Updated 

This pair just broke out of a 2 month channel to the downside. If a nice close is printed I will be looking for a nice downside move to be printed. This is an analysis not a signal. Trade at your own risk with proper risk management. Happy Trading!

drewbyfx

We see that at the end of last week 1.3 was broken. At the beginning of this week it has already moved around 100 pips. NASDAQ and the 500 closed at its highest yesterday for 2019. My bias is the dollar weakening slightly to due people being scared of the high closing. Overall I still have a bearish bias based on the broken price level and the strength of the...

drewbyfx

Gold is in a prolonged area of consolidation. Waiting for a breakout. My bias is long long long. I think the buyers are starting to pick up and continue to. This is an analysis not a signal. Trade at your own risk with proper risk to reward. Happy Trading!

drewbyfx

Dollar Index has now broken through a major level. We have not been this high since June of 2017 so almost 2 years. S&P 500 and NASDAQ both rallied yesterday as well hitting the first high of 2019. Many people are now in fear of a recession. This is probably going to lead into a short term bear move on both the S&P 500 and NASDAQ but not sure it will the DXY.

drewbyfx

USDCAD just broke out of the weekly zone that it was zoning in for a few months. If this closes above I have a strong buy bias up to 1.36000. This is an analysis not a signal. Trade at your own risk with proper risk to reward. Happy Trading.

drewbyfx Updated 

Last week this pair broke out of a 15 week channel. It broke and retested. Breakout scenario. Not much to talk about with this pair. This is an analysis not a signal always trade with proper risk management. Happy Trading!

drewbyfx

Right now looming around the price level 97.40 and now rejecting. Looks like it might be a bearish week, or catch support at 97.20 and break to the upside in for the first time in a long time.

drewbyfx

1.30000 Price Level has broken and we are now looking for major downside movement. It broke and retested and created the wick and closed under. If this pair prints a nice bearish candle when market opens my bias is about 200 pips to the downside to Price Level 1.27760.

drewbyfx Updated 

Gold has broken through a large area of support. price has not been this low since late December 2018. I have a bearish bias until about 1255 - 1250 USD per Oz. It is starting to break out of a little consolidation period to make its drop. This is an analysis not a signal. Trade at your own risk with proper risk to reward. Happy Trading!

drewbyfx Updated 

Keep an eye on this pair. I am looking for another touch up to the bullish side of this channel. Just gotta watch this one. I am very early so a lot of things can render this trade invalid. Trade at your own risk and use proper risk management. Happy Trading!

drewbyfx Updated 

This trade might be setting up if we get a nice rejection of the 61.8 zone. Ive traded this zone 3 times in the past week and a half. USD CAD is also approaching a big support level waiting for the bulls to take over and that pair is inversely correlated with this pair. This zone might be getting ready to break but I still have a bearish outlook on this pair....

drewbyfx

Looking long term on this pair and personally the trade that I am in is bearish. This pair has again tested the monthly trend line and not broke it. This could be a false wick of buyers slowing down for a lower time frame retest but on the 4 HR analysis that I posted awhile ago the confluence was bearish as well there at least for 100 pips or so. If it breaks the...

drewbyfx

Looking good for a buy, the price closed in the zone yesterday and today candle so far is bullish. It failed to break the zone low again leading me to believe we might have a little bull run start again short term. This is an analysis not a signal. Trade at your own risk with proper risk management. Happy Trading!

drewbyfx

Forgot to post this one but posting late because it is a textbook move that is being printed. Caught the move all the way up last week and now looking for a trade back into the this zone as the week plays out. This is an analysis not a signal. Trade at your own risk with proper risk management. Happy Trading!

drewbyfx

At this point in the beginning of the market week GBPUSD is looking like it might be finally setting up for a 1.30000 break strictly based on technicals. We could also see a break of this triangle and again it stay in a channel. This is an analysis not a signal. Trade at your own risk and use proper risk management. Happy Trading!

drewbyfx Updated 

This pair broke through support and has finished its retest. Looking for a textbook 40-50 pip scalp. USD/JPY moves a little slower than other pairs but the moves are very respected. Only thing that renders this trade invalid is a close above the highlighted region before this 4HR candle closes in 4 minutes. This is a analysis not a signal. Trade at your own risk...

drewbyfx

Gold is at a large zone of support and resistance. I have a bluish bias on this and think it is gonna push through and proceed to 1322-1325. Obviously if we don't break the zone there could be a retracement or rejection. Keep an eye on this move. This is an analysis not a signal. Trade at your own risk with proper risk management. Happy Trading!