Blake Morrow

USD/JPY looks poised to break higher as it cleared a downtrend line from the June 2021 highs. USD/JPY looks to be tracking 10-year yields higher. However, with the pair quickly approaching the 61.8%...

The FOMC decision this week could make or break a lot of markets. One of them could be EUR/USD. The pair put in a false breakdown back in August, below the 1.1700 level, and allowed for a squeeze...

I'm going to make an assumption that shorts have been leaning on USD/SEK in recent weeks as the pair had a false breakout in August above 8.8000. The false breakout formed the "head" of the...

After trading towards .7100 a few weeks ago, the AUD/USD has traded with a relative "bid tone" and is holding onto some strong technical levels near term. Although the pair has "underperformed" risk...

The Dow Jones Industrial Average hit all-time highs last month. Since then it has been consolidating its gains. More importantly, the index broke the ascending trend line from the COVID lows back in...

Last week, I had thought the DXY would weaken into the number. Today, we are at channel support with the jobs report tomorrow. It will be "make or break" for the index following the highly...

On Aug. 25, EUR/GBP was the Chart of the Day, with a bull flag setting up. I was wrong about the setup – not about the price action. The market is breaking higher, and testing stops above the...

On Aug. 16, CAD/JPY was our “Chart of the Day.” The pair was expected to develop the neckline of a possible longer-term head-and-shoulder pattern. The pair did just that, but went a little...

EUR/USD put in a false breakdown a couple weeks back, and with a dovish FOMC, EUR/USD is at risk of a move above the 1.1810 resistance. This is also the 50-day moving average, so a break above this...

Tomorrow is a big day for the markets as we brace to hear Fed Chair Jerome Powell's speech. Bonds look a little weak, and if he leads us to believe a "taper" of bond purchases will happen sooner...