About Colin Jessup
Colin Jessup lives in the United States and enjoys trading the London Session. He is certified in both Securities & Technical Analysis from the Canadian Securities Institute. Colin also founded Omegatrader Canada and he is a Live Trading Coach at TheTradingCanuck.com, a service that calls live trades to captures dozens of pips daily with low drawdown. Colin's favorite pair to trade right now is XAU/USD (Gold) and uses the MT4 Trading platform for most of his charting. You can find Colin trading the first 3-4 hours of the London Session and spending about 2 hours at the charts at the end of the New York Session.
When Colin isn't trading or writing for DailyForex.com he enjoys outdoor activities such as mountain biking, hiking, wake boarding and riding ATV's. Colin spends time with his musical family listening to all genres of music, being a movie buff, and catching up on his reading.
Latest 12 Articles
The Australian Dollar continues to weaken against the Swiss Franc and has now formed a bearish flag formation on the 4 hour chart.
The USD/JPY pair has been rather difficult to trade lately. On September 18 we saw the pair fall over 120 pips only to watch it reverse and climb over 180 pips the following day on the Fed’s ‘No Taper’ news.
The Loonie (USD/CAD) as it is known to us Canucks seems to have found some support at a previous support level of 1.0285 which is also in sync with the 200EMA (black line of the chart).
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The AUD/CHF daily chart is giving us an interesting question at the moment.
Gold printed a Daily Hammer aka Pin Bar on Friday. It did this off of the 50% Fibo retracement for the most recent move from the yearly low at 1180.28 to the August high at 1433.85.
The AUD/CHF may have found a floor at last week’s low of 0.8175. The pair printed an Inverted Hammer on the monthly chart on the support zone at 0.8260 and has since spent 3 of the last 4 days climbing.
The USD/JPY daily chart has been trading itself into a descending triangle, and yesterday it finally broke this triangle with a bullish daily candle that closed at 99.32.
The EUR/GBP Monthly chart is showing clear bearish divergence. As you can see from the chart, we saw price action make a higher high back in February, but the Stochastic below barely made it over the 80/oversold level and still the pair fell almost 1000 pips after that formation printed.
The AUD/CHF pair has not only reached a support level that we have to go back literally years to find, but it also shows Bullish divergence with a lower low in price, but a higher low on the stochastic than it did on August 08.
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The Yen gained against all of its counterparts yesterday with the USD/JPY finishing just below 97 at 96.98. The pair is inside a daily wedge or reducing triangle formation suggesting that there is a potential big move coming on one direction or another.
The GBP/USD printed a daily Hammer, or Pin Bar off of previous highs set back in June when the pair topped out at 1.5751 and the Weekly R1 at 1.5717.
Governor Wheeler spoke his piece earlier today and as a result the Kiwi dropped like a brick from a 3rd floor window.