Swissy setting up

The US Dollar against the Swiss Franc is currently consolidating and has the potential for a very useful run.

Look at the chart and the base pattern propelled price to the current consolidation - there may well be more to go.

On the move

That's my last trade for just over week. The NZDUSD is moving as expected and I'm now signing off until late next week.

This time tomorrow, I'll be heading off on a friends yacht to Menorca from the South of France. Have a good week.

NZD

The New Zealand dollar has been languishing in the middle of the range bounded by 7800 and 7900.

This morning, price has broken through on the upside that just might have enough momentum to run back up to 80+

EUR vs JPY

The Euro is on the move and we like to trade it agisnt the Japanese Yen, why? Quite simply it moves, typically more than 200 pips in a day.

This morning, the 480 minute chart shows it has broken out to a new high.