Author Archive for: bmorrow
About Blake Morrow
Blake Morrow is the Chief Currency Strategist for Wizetrade. Blake has over 18 years of trading experience and has been a co- owner of a Dallas based brokerage firm and LiquidTrader Technologies. Currently, Blake does analysis for thousands of individual traders on his “The Morning Edge” webinar for 2 hours each day from 7 – 9 am covering inter-market relationships and Forex. He has also appeared as a regular analyst on Wizetrade TV and Traders Television. Blake is a seasoned individual investor in equities and Forex.
Blake is a husband, father and avid golf hacker. Proud Marine Infantryman 3rd Battalion 9th Marines 1990-1994.
Entries by Blake Morrow
It isn’t a secret that the bund has been in a long term bull market.
After breaking the long term 1.5 year trend line and 200DMA, the pair is back to test the 200DMA once again and the underside of the broken trend line.
You could also say “The SEK has been leading European currency strength” as the USDSEK is dipping to some key support.
The EURJPY tested major resistance ahead of the ECB meeting. When a pair hits a level so many times, we often refer to that level the “bull/bear” line.
The double top in the US Dollar index is testing the neckline which is very important support at the 97.00 level for a few reasons.
Although the GBPUSD went as low as 1.2580 today the fact that we are holding above the 1.2600 level tells us how important this level of support is for the end of the week.
The USDCAD rallied above the 1.3500 level following the BOC rate decision, and the pair looks to have broke out.
The GBPJPY is moving lower within a descending wedge as we surpass the 127% extension of the Feb lows to March highs.
The EURUSD is at risk of a double bottom being formed since the 1.1110 level held as support once again.