Gold ran into key resistance yesterday as we hit the 1535 level (as we have been expecting). This level is significant as it is the 2011/2012 lows.
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
The GBPCAD came within striking distance of the 161% Fibonacci extension of the summer 2018 lows to 2019 highs.
A few days ago the GBPNZD came out of the downtrend, and we have successfully retested the channel breakout point at the 1.8700 level.
The EURNZD has squeezed higher as a result of risk aversion the last few sessions, but we have stalled at a downtrend line and the 88.6% Fibonacci extension ahead of the RBNZ rate decision today.
The USDJPY pushed stops below the 106.00 level but managed to close the session back above the 106.00 key support.