Macro Perspective: Oil went into free fall in mid-2014, experiencing a relentless bear move which saw oil price drop by over 70%. US shale producers turned out to be the tipping point in terms of the global supply glut. This, combined with a decrease in global demand, proved to be an unstoppable force that lasted […]
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 Silver market has potentially double topped. More importantly, this is happening at a key Fibonacci level and previous support from the lows back in April 2018.
A breakout higher or lower out of this triangle will happen following the Australian employment data tonight.
The AUDUSD has a bear flag setting up before some key economic events.
The USDCHF rally has been very strong in the last several weeks from the beginning of the year, but the pair has ran into a wall of resistance at the multiyear trend line that spawns back from the end of 2016.
Consolidation patterns, like a triangle, can be very explosive patterns when it comes to the markets because the market is “winding up” for so long.
The AUDJPY fell aggressively overnight to channel support following RBA Governor Lowe’s comments about the path of the next rate move would be.