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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.

EUR/USD Forex market trading strategies o    Three-day pullback from double bottom bull flag (April 22 and May 5) o    Double bottom pullback buy signal triggered today when today went above...
Pre-Open market analysis of daily charto    Wednesday was big bear day that closed far below bottom of four-week trading range. A three-day collapse. o    The weekly chart has big bear bar, and the...
EUR/USD saw an overnight selloff after a buy climax. Traders are deciding if was just a brief pullback in the bull trend, or if it signals the start of a trend reversal down. Today’s close will help...
Last week the E-mini broke above top of 4-week trading range and today broke below bottom of the range. Yesterday closed just above the open of the day and therefore it was a weak bull day. Today has...
EUR/USD has rallied strong for 6 weeks, but near top of 9-month trading range. Trading ranges resist breaking out, so there should be at least a 2-week swing down, before there is a strong break above...
On Friday the E-mini broke above 4-week tight trading range, and closed near the high of the day and of the week. Bulls need follow-through buying today or tomorrow to confirm Friday’s breakout. If...
Streak of 8 consecutive bear bars ended yesterday. E-mini may see bulls rally resuming. There was another streak of 8 bear bars in 2005, and a streak of 10 bear bars in 2017. Therefore, this streak is...
EUR/USD forex market trading strategiesEUR/USD has been turning up from the 4-day micro wedge and double bottom bull flag (with Apr. 22 low). After consecutive wedge tops, we should get a 2nd leg...
Pre-open market analysis of daily chartYesterday showed 8 consecutive bear days on the daily chart. That happens only once every few years, and it is therefore climactic. Since it is sideways instead...
Pre-Open market analysis of daily chartYesterday the E-mini broke above Friday’s high, and therefore triggered a High 1 buy signal on the daily chart. Friday was a bear day on the daily chart and...