Asian session market players kept calm and carried on today after getting jittery over Renzi’s resignation yesterday.
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Large speculators boosted the value of net long bets on the Greenback yet again. And the latest COT forex positioning report reveals that the Greenback advanced against most of its peers, but mainly at the expense of the Japanese yen.
Momentum is clearly waning, but has not yet turned down.
Has EUR/USD finally bottomed out? Its long-term range support was able to keep losses in check with a reversal candlestick to boot! Think I should go long?
I'm pressing my advantage on this one, fellas! CAD/JPY keeps heading north so I've added to my long position on a pullback earlier this week. Here's a quick update.
Who's up for position trades today? I hope you are, because I've got hot forex trade opportunities on the daily charts of EUR/USD, GBP/USD, and USD/CAD!
While discipline is important, we also have to watch out for when our trading process makes us impose our ideas on what the market should do, instead of reacting to what is actually happening.
News traders, huddle up! We've got three major central bank announcements that could spice things up in the forex arena this week. Here's what to expect from each event.
Are you ready for another week of trading? Here are potential inflection points and event catalysts for the major dollar pairs!
I'm seeing a couple of trend plays for this week's set of central bank statements! Here are the potential inflection points on AUD/USD, USD/CAD, and NZD/USD, too.
I'm back with a couple of weeks' worth of SMA Crossover Pullback system trades and I'm seeing a lot of green! Check out how the latest positions turned out.
It was a great day for me as I was able to grab +36 pips off of one trade today. See how it all went down in today's Cowabunga Surf Report.
While they don't always work out, having a plan for a choppy market entry and low risk is key. Here's the set up!