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Al Brooks

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

The bears got a strong bear breakout last Friday, and now they have two consecutive bear trend bars. The downside breakout is strong enough to get at least a small second leg down. The market is now...
Market Overview: S&P 500 E-mini FuturesThe S&P 500 E-mini futures broke above December high this week, which the bulls hope was the last major lower high, thereby ending the bear trend of...
The EUR/USD bears got follow-through yesterday in the form of a bear bar closing on its low. This morning is a follow-through after yesterday’s bear reversal bar, and the market is testing the moving...
Yesterday was a strong bull close for the bulls. However, it is climactic and likely to lead to exhaustion and sideways trading than much more up. The market reached 1.1000, a big round number and a...
The EUR/USD continues to rally in a small pullback bull trend. The bears are not yet doing enough to convince traders that they are strong enough to convert the market into a trading range. While the...
The EUR/USD sold off in the early morning hours and came close to reaching the moving average. While there will likely be buyers at the moving average, traders should be mindful that the market may...
 The EUR/USD has been in a bull channel for over two months. The channel up is tight, which will limit the first reversal down. The market has been away from the moving average for some time. This...
The EUR/USD daily chart is in a tight bull channel. While the market is forming a wedge top around the January 23rd high (see chart), the odds are that the wedge is minor and will lead to sideways...
The EUR/USD pair has been forming a wedge top over the past ten trading days. This will increase the odds of a two-legged pullback to the moving average (blue line). The bulls want the market to...
The EUR/USD pair overlaps the past eight trading days in a tight trading range. The bulls want the channel (blue line) to continue; however, the rally is under a lot of selling pressure. The bulls...