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Al Brooks

  • Analysis & Opinion

Al Brooks's Opinion & Analysis
A complete archive of Al Brooks's articles, including current analysis & opinion.

Yesterday,EUR/USD bulls got a strong breakout bar closing, and it’s high and far above May 5th high. This is probably a strong enough surprise to make the market always in long. Bulls need to follow...
The EUR/USD broke above the May 5 top of the ten-day final flag this morning. Bulls want this to be an early stage of a strong rally that tests back into the March – April trading range. Bulls also...
E-mini bears follow through on the S&P 500 E-mini futures weekly chart. There are 7 consecutive bear bars on the weekly chart, something that has not happened since February 2001. It increases the...
EUR/USD bears had a big bear bar yesterday, closing on its low and reversing most of May 17. So far, today has almost reversed all of yesterday’s strong bear trend bar and will likely break above...
EUR/USD bulls got a bull bar closing on its high yesterday. The bulls have strong buying pressure, and the context is good. However, the bulls need follow-through here. Right now, the bulls have a...
EUR/USD bulls had a strong rally during the overnight session. The market is now above the May 12 high and back into the 10-bar tight trading range. As I said in the prior blog post, the odds favored...
Bulls hope today will be a strong entry bar reversing Thursday’s breakout. The EUR/USD had a bear breakout below the 10-bar tight trading range last week. The follow-through so far has been bad,...
The S&P 500 E-mini futures broke below the 9-month trading range this week, and E-mini weak breakout, but closed as a reversal bar with a bear body and a long tail below. The selling has been...
Yesterday, the EUR/USD closed as a strong bear bar closing near its low. Bears want follow through today, the bulls want a bull reversal bar. Yesterday is a surprise bar, and the odds favor a small...
The EUR/USD broke below the 11-bar tight trading range around 12:00 AM PT. The market is forming a possible wedge bottom on the intraday charts and may reverse up today or tomorrow. The daily chart...