 Welcome back, folks. We have the market slightly in the red right now. Let's jump over to our man, Teddy Kegstad, folks, every trading day, forex-trading-unlocked.com. If you're into the forex market, I encourage you to check out Teddy's work at his website. We talk to Teddy every Wednesday at 40 past the hour talking forex. Teddy Kegstad, good morning. Good morning. How are you guys doing today? We're doing great, man. Surviving the work week through Wednesday. We've got a little negative action in the markets for a change this week. We've got some currency action as well. Where do you want to kick off in this market, man? Well, I don't think we need to talk about the crypto volatility, because that's showing us with all that volatility that it doesn't wag the dog. The dog wags it, so we're not going to even dwell on that. Although there was a little surge from that sell-off that did help the pound and the euro and even the dollar, because as people liquidate bitcoins, they're converting it to some other currency. But let's talk about the main factors here. We've been talking about the 30-year note. They're very static right now, really not influencing the market. We have oil that kind of looks like it wants to maybe flirt with the little sell-off that could have a very good implications as far as certain currencies. We'll see how that goes. And then we have the gold market that's flirting with a nice little breakout rally. So the question is, are we going to get follow-through or do we have a bull trap building up in the US dollar? Because everyone is so bearish the dollar right now that I think we're starting... And we do have some signals. So let me give you the buy signals right now and the sell signals that we have. So the US dollar Swiss we know has been breaking for the past couple months, right? It's in a little bit of a free fall. Well, yesterday, the US dollar Swiss gave us a short-term Harami buy signal. If it settles positive today, that means it's a double signal. It'll be a three-inside-up buy signal, which sets that market up for a nice corrective move to the upside. Now remember, that market, except for the past few weeks, has been in a rally this year. So this where we're at right now, it's a corrective break that might be bottoming right now. That's a very significant thing right there, especially if it gets follow-through over the next couple sessions. But we need confirmation of a positive close today. Key off of the recent low, should we get a positive close today? That's going to be your base of support. The British pound US dollar also gave the same type of signal yesterday. It was a Harami sell signal. The British pound overall has been a bull for over a year. It's been correcting for the past few months, trying to basically go sideways over the past couple weeks. If we get a negative close today, odds are very likely that the pound US dollar will continue to set a free fall, especially if oil starts to slide even more than it already is right now. Then we have the Euro US dollar, which has a very weak sell signal forming right now. I would key off of the high from yesterday as your level for resistance. If you're a bear, anything above there, you're on the wrong side. It's a good selling level right now. I think that that's really where those majors are falling into. One of the reasons where I think we're starting to see this bull trap form with the US dollar is that should oil really start to not really sell off, but just continue to hit support, and even if it gets below 60, and if gold continues to flirt with higher levels with the neutral interest rates, that's bullish the dollar in the short run. Now, when you look at the US dollar, Canada, which has just been beating up the dollar for over a year, for a while it looked like it was just sneaking and trying to set a base and flirting with another break, but now it's flirting with an upside correction breakout. So I would key off of for the US dollar, Canada, if we get a breach of 12647, there's a good chance that the market will go up to 12770. Now, these are key things that should we get to these developments and these signals if they come to fruition over today and start to set these leads over the next couple of days, we may see a very strong bounce in the US dollar, especially with the stock market flirting with the possible correction right now in the S&Ps, because there is a gap to be filled from the beginning of the month. Nice. Yeah. And you know, you look in the last not the last one, but taking a look even always interesting when you look at gold, of course, we've gotten a little bit. And then the yen as in we've had quite a pullback in that land yen man going back basically the month of April from 111 and we're back to 108 just that quick. But you know, like you talk about the trend for the year, we've come from 102 to 110 and we're back to 108. Where dollar yen? Well, here's the way I look at that. Yeah, you're kind of coming in and out by gotcha. The downside target for the yen I have right now is about 107 half. Okay. I'd be very careful of a snapback rally. I think that the US dollar yen because gold prices are going up, oil is neutral to lower and interest rates are flat. That's why you're getting this sell off that's stretching in the end. If we see a bounce in a reversal of these other markets, especially if the interest rates start to tank and oil starts to go up again, then I think you're going to see the US dollar yen snap back and make all new highs again. So I'd be very cautious selling the yen at these levels. I'd look more for a buy signal than a sell signal, especially since we have a signal in the Swiss. Usually one leads the other and those are both flight to quality currencies. So if the Swiss really starts a rally, it's going to be hard to be selling the yen at the same time or buying the yen, meaning selling the US dollar yen. No, that's great, man. That makes a lot of sense tying those two together for sure. Yeah, we'll see. That's quite a pullback in the end, but it's not a quite a pullback. Like you say, when you look at the trend that we've been in basically since January 102 to 111 quite a move and things have gotten a little dicey over the last couple of weeks and some of those currencies off of their trends. So what's the weather like in Chicago, man? We got any golf on the agenda this week? Not today. It's going to be only like a high of like 42 degrees today and possible rain this afternoon. So everything is turning green, but the temperature is going back to normal April temperatures. We were lucky with a couple hot days here. That's spring in those cities, man. Boston has some of that. You get some heat. You get some cold. Well, we're almost in May. Hopefully you're out of the 40s. You guys get snow for the for the Red Sox, White Sox game. I saw man. They got I know we had they had snow snow delays at the beginning of baseball season even just to kick things off. Well, Teddy, we appreciate the forex update as always, man. We look forward to the update next week and you have yourself a great week, man. All right, we'll see how these signals shape up. See you next week. Thanks, guys. Awesome, man. Thanks, Teddy. Take care, folks. Every trading day you can reach Teddy forex dash trading dash unlock.com. We talked to Teddy for our forex update on the weekly every Wednesday at 40 past the hour.