As expected, the RBNZ hiked interest rates by another 0.25% in their latest policy statement. But why aren't traders showing any love for the Kiwi?
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Even though EUR/NZD popped higher in the past few days, I think the longer-term downtrend might stay intact so here's my swing trade idea.
Retreat, retreat! After charging aggressively recently, pound and Kiwi bears took a break in the past few trading hours. What's next?
Greetings, earthlings. I'm sure you've been waiting for the results of my forward tests on the Amazing Crossover system... and here they are!
Are you a fan of trends? Then you should definitely have a look at these potential forex plays on EUR/NZD, GBP/AUD, and AUD/NZD!
The RBNZ signaled a pause in rate hikes, which forex traders took as a signal to sell NZD. I'm still long biased and entering with a different technique now.
I held on to this forex trade for too long! Here's how I ended up with a break-even trade instead of a decent winner from a few weeks back.
Correcting lower in minor wave (c) of 2; with scope to 1.0615, but targeting to 1.0683 (61.8% retrace).
The truth is that it’s perfectly normal to lose enthusiasm and focus while demo trading so I came up with a couple of tips to help you out.
Why did the NFA decide to prohibit the funding of forex accounts through credit cards? Should you be concerned?
Since jumping in short last week, sellers continue to feed into the downtrend to nearly retest July lows. Time to do some trade management.
These are the seven essential questions of a trade...those I need to ask and answer before I enter a new forex trade.
Unfortunately I took one loss today, but considering how choppy the market was, the Cowabunga System kept me from losing any unnecessary pips. See how it all went down in today's Cowabunga Surf Report.