USD/MXN: under pressure   Williams Alligator bearish; ADX and DI mixed; RSI bearish.   The four-hour chart of the USD/MXN currency pair has a bearish continuation pattern (see below). The Williams Alligator indicator performed a bearish crossover, placing all of…

It is around this time of the month we start looking at monthly charts to see what instruments might be offering us an interesting play with roughly a week to go in the month.   Many times early in the…

EUR/GBP: bullish continuation   Bollinger Bands bullish; ADX and DI bullish; RSI bullish.   Although the Bollinger Bands indicator narrowed the distance between its borders, signaling lower volatility, the EUR/GBP cross-rate remained in the bullish territory above the middle line.…

GBP/CAD: bouncing off intraday support   Ichimoku Cloud bullish; ADX and DI mixed; RSI bullish.   The GBP/CAD cross-rate peaked above the 1.60 figure, slid back down to the support range below the Ichimoku Conversion line, tested the Base line…