Passing a Prop Firm Challenge!
Passing a Prop Firm Challenge! https://youtu.be/joKtqSHR1IE Blake Morrow is the CEO and Co-Founder of Forex Analytix, and he is also...
Blake Morrow spent most of his professional career as the Chief Currency Strategist for Wizetrade group for 15 years, and then the Senior Currency Strategist for Ally Financial after the acquisition of Tradeking which owned the Wizetrade Group. Blake has over 20 years of trading experience in equities and Forex and has been a co-owner of a Dallas based brokerage firm and LiquidTrader Technologies. Blake spent over 14 years, hosting a popular Forex and Trading online show, “The Morning EDGE” where he spent a majority of his day trading with and teaching other traders to navigate through the markets.
Blake Morrow in 2015 co-founded and is the CEO of ForexAnalytix, a company that provides macro and technical analysis for 30 different markets (FX, Commodities, Stock Markets and crypto-currencies).
Blake Morrow is a husband, father and avid golf hacker. Proud Marine Infantryman 3rd Battalion 9th Marines 1990-1994.
Passing a Prop Firm Challenge! https://youtu.be/joKtqSHR1IE Blake Morrow is the CEO and Co-Founder of Forex Analytix, and he is also...
GBPUSD The Bearish Wedge keeps the long term "Double Top" the big risk for the pair. A big rejection of...
USDJPY Friday morning in Asian trade we will be seeing a couple things that could put in some volatility in...
AUDUSD Although most of the traders in the Forex Analytix community has turned bearish the AUDUSD over the last week,...
10Yr Yields One of the traders in the Forex Analytix community (Grasshopper) pointed out that the 10yr Yields are developing...
EURAUD Now that the market is past the CPI in Australia (strong data overnight) the market can look past that...
SPX Is the SPX Rebound Corrective? The SPX reacted strongly higher following the NFPs with the only fundamental excuse being...
USDCNH The CNY is Likely to Appreciate Further Against the USD The USDCNH reversed lower last October and rode the...
DXY The DXY is About to Break Higher The DXY had a strong day to start the year and it...
Gold Following the FED, gold initially stalled and then turned lower from the ascending wedge's T/L resistance and is about...
10Y UST The 10Y Us Yields have been pulling back since toping back in October at 4.33% but are they...
GOLD The break higher in gold today suggest that while we trade above the 1700 level the risk if for...
EURUSD The EURUSD was launched January of 1999. After the launch the EURUSD came under pressure until June 2002, the...
SILVER Following the FOMC decision, despite the rally in the US Dollar as the FOMC raised rates 75bps, gold and...
GOLD Gold is trading below the key support that has held since March of 2021. The issue here is that...
AUDUSD The AUDUSD could trade to new 52 week lows. The AUDUSD is coming close to the mid July lows...
EURUSD Following the much stronger CPI data today, you can easily see that the market was positioned for a weak...
GBPJPY The GBPJPY (A.K.A. the "guppy") is breaking some horizontal resistance at the 166.42 level however should find some key...
GBPUSD Some will tell you than all the news is "baked into the price" of an asset. Stocks, crypto and...
NZDUSD The NZDUSD has underperformed the AUDUSD quite a bit (see AUDNZD rally since late 2021) and this continues to...
IWM The Russell 2000 has been prone to false breakouts since last fall as the index rallied to all-time highs...
Silver The #Silver market has rallied sharply off the key support at the 18.34 level. If you did not know...
Bitcoin #Bitcoin has been in a bearish consolidation since mid-June below the spike low in mid-May (25,400). Bitcoin bulls should...
10Yr Notes Over the last few months the 10yr bond market has been developing a long term inverted head and...
DXY The US Dollar index is at channel support, and it is at the 50% retracement of the May 30th...
EURUSD The EURUSD survived the "End of Month/Quarter/H1" flows today as the market was widely expecting strong US Dollar buying...
SPX If you watch the "Trade Off" hosted by Chris Weston and saw last night's show, the risk for the stock market...
USDJPY A couple reasons for the USDJPY to continue lower: 1. The double top target from the 131.35 highs from...
DXY As discussed on the week ahead video this week, the DXY bullish view may be at risk. Technically, the #DXY...
ETHUSD Now that the ETHUSD Ethereum market has broken out of the long term ascending channel (2021-2022) the market looks...
EURUSD Today will either "make or break" the EURUSD as the pair is quietly consolidating below the post COVID lockdown...
S&P500 If you have been following the Forex Analytix analysis for the last few months, you have known we have...
German Bund The German Bund has broken new trend lows. Despite coming out of the descending wedge a couple weeks...
Forecast GBPUSD Personally, I am getting skeptical chasing the GBPUSD lower here despite breaking lower out of the long standing...
Forecast EURCAD The EURCAD has been on my radar in recent weeks as I am viewing this pair as a...
Forecast GBPJPY Please excuse the temporary hiatus in the "Chart of the Day." We had been working for months on...
Forecast IWM The Russell 2000 tricked longs back in the fall of 2021 and that "false breakout" led us to...
Forecast DXY The DXY has been in an ascending channel for about 12 months. As the market continues to price...
Forecast DAX The DAX is nearing the big breakdown point which also coincides with the 61.8% Fibonacci retracement level of...
Forecast AUD JPY Last week on the "Trade Off" I discussed the AUDJPY and the risk that it could rally well above...
Forecast USD ZAR The USDZAR is consolidating above the 200dma and a break below it would see wedge support at...
Forecast USD JPY The #USDJPY has had a relentless bid the last few months, even as some US equities have...
Forecast NIKKEI 225 The Nikkei broke down over the last couple weeks since I talked about it (double top play)...
Forecast EUR AUD It's a scary idea to stand in the way of a 7% move in less than 30...
Forecast DXY The DXY (US Dollar Index) has maintained its bullish stance as the US Dollar has caught a safe...
Forecast GOLD Overnight the Gold market looked like it would be reaching above the 2000 in fairly short order, then...
Forecast EURMXN Usually, I am a buyer of descending (or falling) wedges when we reach support as I typically would...
Forecast ZN The 10yr bond market continued to fall today as yields broke the 2% level, highest levels since 2019....
Forecast AUD USD On July 31st, the AUDUSD was my "Chart of the Day." Yesterday, I focused on the AUDNZD. Today, back...
Forecast AUD NZD The AUDNZD should come into key resistance at the 1.0800 level which is a confluence of the...
Forecast SPY Yesterday evening on the "Trade Off" show I did with Chris Weston from Pepperstone, I discussed the setup in the...
Forecast AUD USD The #AUDUSD looks set to squeeze higher after a false breakdown of the key .7000 last week....
Forecast DXY Following the FOMC this week the US Dollar is poised for higher levels while the index trades above...
Forecast EUR GBP The EURGBP has been in a descending channel Since Spring 2021, and the pair just rallied past...
Forecast NZD USD The NZDUSD is exhibiting all the characteristics of a bear flag pattern and anyone who is a...
Forecast DXY Regular listeners of the FACE webinars that happen every trading day, know that I am hesitant to turn outright...
Forecast EUR USD Today's broad based USD weakness allowed for the EURUSD to break its 1.5 month consolidation higher. In...
Forecast AUD USD The rally back in "risk" helped the #AUDUSD off pennant support at the .7140 level as we...
Forecast GBP AUD I have a hard time playing a head and shoulder (inverted in this case) pattern without an...
Forecast 10Y BUND All the talk in the market these days are that "rates are moving higher" globally, and they...
Forecast USD JPY The USDJPY is going to be put to the test in the coming sessions. With yields on...
Forecast NASDAQ 100 We start the new year with yields on the 10yr trying to breakout while the ZN bonds...
Forecast GBP USD Back on the 16th the GBPUSD was the "Chart of the Day" as I warned the pair...
Forecast GBP USD The Cable caught a bid today as the BOE unexpectedly raised rates. As the market looks to...
Forecast XAG USD (Silver) Major support spike low from September at the 21.35 level held once again today which could...
Forecast XAU USD Spot Gold, or the XAUUSD, has a great setup ahead of the FOMC tomorrow. Today, on the "Daily...
Forecast AUD NZD The AUDNZD is above the previous support from February at 1.0550 and also the descending trend line...
Forecast GBP NZD I discussed this yesterday on the "Trade off" show with Pepperstone as my "setup #2." The GBPNZD I do...
Forecast EUR NOK The EURNOK has been in a long term descending channel, and with the channel resistance at 10.4500...
Forecast USD CAD The loonie probed stops above the 1.2800 level and closed back below the daily trend line (triangle)....
Forecast NZD USD For the "chart of the day" the NZD has been my focus, and the 22nd we noted how...
Forecast NZD JPY The NZDJPY is drifting lower in the "flag" of the bull flag pattern as the pair pivoted...
Forecast NZD USD The NZDUSD Kiwi is facing some support as we are at the channel at .6950 following the...
Forecast EUR GBP I think what most traders missed this week about the EURGBP is that the pair actually challenged...
Forecast USD CHF The Swissy USDCHF hit some major resistance today, and a confluence of other resistance. Previous resistance from...
Forecast USD JPY On the daily FACE webinars for the last couple weeks we have noted huge resistance in the USDJPY at...
Forecast EUR USD I had to update the "Chart of the Day from last week" on the EURUSD pair as we did...
Forecast EUR USD While the EURUSD is below the 1.1500 level previous support (and March 2020 spike highs) the EURUSD...
Forecast Gold XAU USD Gold bulls have been fooled into longs up at these levels on a few occasions since...
Forecast USD JPY We have been looking for levels to be long the USDJPY and the moves towards the 113.00...
Forecast EUR JPY The difference between being bullish or bearish the EURJPY technically is at the 131.00 level. Not only...
Forecast Nikkei 225 With US equities rallying and even the mid cap index "finally" following the rest of the market...
Forecast NZD USD The NZDUSD has broken the two-week consolidation lower as it was being held at the 61.8% retracement...
Forecast AUD JPY Currently the AUDJPY is set up in a wedge. Some would call this a bullish wedge as...
Forecast USD SEK A day like today when broad USD weakness came inadvertently from EUR strength, it's easy to look...
Forecast EUR AUD The EURAUD has completed a head and shoulder pattern after it's breakdown a few weeks ago on...
Forecast GBP USD As North American traders stepped in today, the Cable looked set to challenge the 200dma and recent...
Forecast AUD USD The AUDUSD rally the last 24 hours was faced with a lot of key resistance. If you...
Forecast 10y Bonds The 10yr bond market broke the wedge lower the last couple sessions and is getting comfortable below...
Forecast GBP USD The GBPUSD is within close proximity of the 200dma, and just below that was today's highs at...
Forecast Gold For weeks it has seemed no matter what happened gold went nowhere. But today was different! Gold broke...
Forecast IWM The mid cap stock market is represented by the Russell 2000 (or IWM) has been in a tight...
Forecast USD JPY The USDJPY broke higher out of a long term consolidation. When a move like this happens people...
Forecast US Dollar It's only fitting ahead of the NFP tomorrow that the #DXY has a setup against key resistance....
Forecast AUD NZD We have been bullish the AUDNZD since it broke the wedge resistance at 1.0350, and our target...
Forecast EUR USD The EURUSD is back on our radar. Back on August 30th, the EURUSD was our "Chart of...
Forecast EUR AUD The EURAUD is trying to develop a head and shoulder pattern with key support (neckline) at the...
Forecast NASDAQ 100 A month ago, we had the Forecast Nasdaq 100 as our chart of the day and warned we were...
Forecast AUD USD The AUDUSD has a bear flag developing which could target the .7050 level in the coming week(s)....
Forecast USD JPY The USDJPY looks poised to break higher as the pair cleared a downtrend line from the June...
EURJPY Just like the EURUSD is toying with the 1.1700 level, the EURJPY is toying with key support at the...
EURUSD The FOMC decision this week could make or break a lot of markets, and one of them could be...
AUDNZD Following the Australian employment and New Zealand GDP yesterday the AUDNZD may have found an important support. The AUDNZD...
USDJPY The USDJPY finally picked a direction and the move below the 109.60 support triggered a double top (intraday triple)...
USDCHF I'm going to make an assumption shorts have been leaning on the USDSEK in recent weeks as the pair...
AUDUSD After trading towards .7100 a few weeks ago, the AUDUSD has traded with a relative "bid tone" and is...
DOW Jones Industrial Average The DOW hit all time highs last month and since then has been consolidating its gains....
AUDUSD Arguably, the RBA sounded more hawkish than you would have expected considering all the Covid lockdowns in the country...
DXY If you watched the "Week Ahead" video on Sunday of this last week, I had thought the DXY would...
EURGBP On August 25th the EURGBP was the Chart of the Day with a bull flag setting up. I was...
CADJPY On August 16th, the CADJPY was our "Chart of the Day" and the pair was expected to develop the...
EURUSD The EURUSD put in a false breakdown a couple weeks back, and with a dovish FOMC Chair Powell, the...
Nasdaq 100 Tomorrow is a big day for the markets as we are bracing to hear Fed Chair Powell's speech...
EURGBP The EURGBP has held recent gains well coming out of a "false breakdown" a few weeks ago on the...
10Yr Notes We have a big week in financial markets and the bond market and currencies are consolidating. Specifically, the...
DXY The US Dollar closed in breakout territory today, challenging levels not seen since the end of 2020. RSI is...
USDMXN Correlations have not worked in FX for awhile, but one of the stronger ones still looked at is the...
NZDUSD Last Thursday the Kiwi was out "Chart of the Day" and we had highlighted the triangle that was forming...
CADJPY An ascending trend line was broken today as the 88.30 50% retracement held last week putting the 200dma and...
NZDUSD The NZDUSD may be in a range from roughly .6900-.7100, but a triangle is developing in the range. Before...
GBPUSD A bull flag or a breakdown? That's the question which should be answered following the CPI data tomorrow in...
EURUSD The EURUSD has been trading heavy and with the "stronger" US data as of late, the market is starting...
GOLD Gold is in a strong and narrow $45 point range. Support is at the 1790 level and resistance is...
AUDUSD The AUDUSD was the chart of the day on July 27th, and once again we are back at the same...
IWM "Why is this a big deal?" With the S&P 500 almost at all time highs once again, we have...
USDJPY The USDJPY is nearing the 109.00 level support and the risk is building for a breakdown below this level....
EEM vs. USDMXN The EEM (emerging markets index) vs the USDMXN is still one of my favorite correlations in the...
NZDJPY The NZDJPY is range bound, but we are respecting some key support at the 200dma, horizontal support at the...
AUDUSD The AUDUSD has been struggling to rally despite the "rally in risk" recently, and even the move higher in...
EURJPY The last two weeks the EURJPY tested a key level support (green trend line) which is the long term...
USDCAD The USDCAD rally got a little ahead of itself over the last few sessions once we broke above the...
EURUSD Over the weekend on the 'Week Ahead" video, I didn't think it would be possible for the EURUSD to...
GBPJPY The bounce back in stocks were fueled by the rebound in yields as the bond rally is pausing. This...
CADJPY The CADJPY was our chart of the day back on July 1st a couple weeks back and we warned of a...
GBPAUD For all of 2021 the GBPAUD has been capped by the channel resistance. A move above the long term...
EURNZD The EURNZD put in a false breakdown below the channel and the horizontal support (61.8% Fibonacci retracement) at the...
USDCHF It's really hard to get bullish the USDCHF ahead of a key piece of data this week (NFP) after...
AUDNZD The AUDNZD may be setting up and inverted head and shoulder pattern. Usually, these patterns don't get much attention...
USDJPY The USDJPY has proved to us that the 111.00 level is key resistance as we head into a key...
DAX Yes, the DAX is in an ascending wedge. YES, an ascending wedge is a reversal pattern (eventually). However, with...
NZDJPY The NZDJPY is back on our radar. Back on June 16th, the pair was our Chart of the Day, and...
As one of my good friends, who is a very talented trader (@redheadtrader), told me earlier this year “lots of...
USDMXN After the USDMXN broke the 200dma we'd expect some near term consolidation. However, the long term bounce from the...
NZDJPY The NZDJPY had a false breakout in May last month and hit the 127% extension at 80.17 then reversed...
AUDUSD The AUDUSD is developing a triangle pattern. We are near the APX of this pattern and a breakout may...
USDJPY The last couple weeks the USDJPY has held above the 109.00 level which is also "channel support" and also...
EURUSD The EURUSD is ready for a breakout following the ECB decision tomorrow. The technical setup is a triangle, and...
CADJPY The CADJPY is sitting on channel support, and if you are a Forex Analytix subscriber, you were well aware...
GBPUSD The GBPUSD has been struggling with the 1.4250 resistance for the last few weeks and the problem with this...
NZDUSD With elevated asset prices and inflation expectations running hot, the risk of the NZDUSD bouncing off the wedge support...
GOLD The breakout above channel resistance mid May has allowed for a strong rally past the 200dma in gold. However,...
GBPAUD The GBPAUD breakout may gain some steam after the pair has held the triangle breakout at the sub 1.8200...
USDJPY The USDJPY is looking vulnerable to a move lower as the pair is back below the 50dma and also...
CRUDE OIL Crude oil slipped below the ascending trend line formed since January. And this is now a risk for...
USDZAR The SPX bounced back firmly by EOD ignoring the carnage of the crypo moves today. Many people are scratching...
EURJPY The 133.26 161% Fibonacci extension is coming into view as the EURJPY continues higher, breaking out of the previous...
EURAUD The EURAUD is nearing the key horizontal resistance at the 1.5700 level and a break above this could put...
BITCOIN Bitcoin (A.K.A. your Grandpa's crypto) is trading heavy and over the last several weeks has not been able to...
AUDNZD The AUDNZD has been trapped in a descending channel for the last couple months with resistance at the 1.0800...
The USDCAD is nearing the lows from September 2017 at the 1.2061 level. This is important for 2 reasons: *...
AUDJPY "False breakouts may lead to breakdowns" they say and the AUDJPY has potentially put in a false breakout above...
GOLD Gold broke the 1800 level resistance today, and while above the 1800 level the risk is for a move...
NZDJPY We have identified this wedge setup for the last couple weeks on the NZDJPY, but we are now at...
NASDAQ COMPOSITE A nice bullish wedge (consistent highs and higher lows) is developing, and with today's move lower the wedge...
As traders and investors, our innate instinct is to “fade strength and buy weakness” especially if you think something (or...
USDCAD The last couple weeks I had (wrongly) tried to play the long side of the USDCAD until the BOC...
COPPER Copper has staged a nice rally out of the triangle consolidation over the last two weeks, however the daily...
USDJPY The USDJPY has bounced alongside the 10yr yield today, which (on the surface) looks bullish as the pair came...
CRUDE OIL Crude oil is building a symmetrical candle near term with support at the $59.75 level and resistance at...
USDZAR Many US Dollar pairs have similar setups, but the USDZAR is in a descending wedge which may be suggesting...
EURJPY The EURJPY has struggled to make much gains above the 130.00 level the last couple weeks despite “risk assets”...
DXY After falling out of an ascending wedge, the DXY found support at the 61.8% Fibonacci retracement at the 90.81...
NIKKEI 225 The Nikkei 225 should be in focus near term as the Japanese market is setting up a symmetrical...
AUDUSD Last month I noted the AUDUSD was in a head and shoulder pattern, and frankly, not a lot has changed....
ETHUSD Cryptos have been hot! With the COIN IPO today, Coinbase surged in trading today, and it took higher most...
USDCHF The Swissy closed at some key support spawning all the way back to the 2018 lows. The .9180/90 levels...
GOLD After holding the dip at 1680, we are back at the 1760 resistance which could signal a move back...
CADJPY The CADJPY posted a false breakout last week above the 88.00 level. At that time, the divergent and overbought...
DAX The German DAX found resistance at the 127% Fibonacci extension of the COVID lockdown move in 2020. As the...
USDSEK On March 1st, our "Chart of the Day" was the USDSEK and we were looking for a break higher towards the...
USDJPY Two weeks ago we warned that this trend would be strong for our "Chart of the Day" on March 15th,...
SILVER The Silver market has traded above the 200dma since May of 2020 and now we closed below it and...
USDCNH One of the pairs that we watch when trading the USDJPY is the USDCNH. And with the USDCNH moving...
EURUSD The EURUSD has traded in a very bearish matter and there are a couple levels to be hit to...
IWM One of our traders in the Forex Analytix chatroom (Jayne) pointed out at the end of the session that...
AUDUSD If you listen to the daily free F.A.C.E. (Forex Analytix Community Experience) webinar daily, you know that the AUDUSD has been...
EURNZD The EURNZD has spent most of the month of March consolidating in a very tight range and pullbacks have...
NZDUSD Risk appetite soured today as the markets came off the all time highs in the SPX and Dow Jones...
USDCHF The USD came under pressure against every major currency following the FOMC announcement as the Fed was more dovish...
USDCAD The strong CAD jobs numbers last Friday has kept the CAD bid despite the strength we had seen in...
USDJPY The rally in the USDJPY has been relentless since the break of 106.25 as it has been tracking US...
NASDAQ Sometimes looking at the Nasdaq composite vs the Nasdaq 100 is something I will do when looking at the...
SPX The longer term megaphone pattern says we could see either the 3500 or 4100 level in the coming weeks....
USDJPY The USDJPY is nearing a multi year trend line form the highs in 2015 to the 109.10/20 level which...
GOLD Traders love to buy dips and sell rallies, especially when we feel something is "overbought" or "oversold." Gold is...
NZDUSD The bearish argument for the NZDUSD has to be made at this level. First, the rally at the beginning...
Shanghai Composite One of the pillars of risk appetite globally has been the rally we have seen in equity markets...
USDSEK Last month the USDSEK failed to hit a new low for 2021 which sets up a long term higher...
USDCAD The USDCAD has been in a very long downtrend trend since the Covid-19 lockdown early 2020. Since fall of...
EURGBP The Sterling has been on a rip higher the last few weeks and the EURGBP has slumped to levels...
COPPER The copper market has been on a massive rally since the post COVID-19 lockdown lows last spring. The copper...
USDCHF With US yields moving higher, one of the stronger correlations is the USDCHF. The "Swissy" has been consolidating recent...
EURGBP The EURGBP is at key support at the .8680 level which are the lows from spring 2020, but the...
NASDAQ 100 Most ascending wedges in the stock market have played as upside breakouts rather than a tradition reversal (lower)....
NZDJPY The NZDJPY rally had been hugging the underside of the broken trend line since mid February as we bounced....
USDJPY The last two trading sessions the USDJPY failed to close above the 200dma which means this level will be...
GBPAUD Following the BoE decision and the fact that they are backing away from the idea of negative rates allowed...
NZDUSD Yesterday's strong employment data pushed the pair to the 0.7220's wedge resistance. We have been monitoring this wedge for...
EURUSD The EURUSD has great risk reward for longs while above the 1.2000 level. It seems pretty clear a break...
USDCHF The USDCHF is breaking higher with the move above the 0.8926 resistance today. This has enacted and inverted head...
Silver Technically, this is a good setup for Silver bulls in the near term. If you have been following the...
The reason the silver market (XAGUSD) looks bullish near term is for 3 different reasons: (1) We closed above the...
https://youtu.be/Hh_OYaHNFcY
Blake’s insight: As we are just days away from one of the most highly publicized, highly anticipated US elections we...
The EURUSD is in a slight descending channel with resistance near the 1.1900 level. Eventually we do think the EURUSD...