This trading week was relatively more subdued when compared to last week’s trading frenzy. Anyhow, U.S. dollar strength and weakness on the part of the Kiwi and the Aussie were the main themes this trading week. So, what was was driving forex price action this week?
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Hey guys! I'm looking at a trend trade on USD/JPY! The question is, which direction should I risk on? Here's the tale of the two charts!
After consecutive winning trades, some traders start to think that they got it all figured out and start to cut corners in their execution. This, my friends, is the start of a trading yo-yo.
For this week's final intraday forex chart update, I'm serving up a triangle for GBP/USD, a rectangle for GBP/CAD, and channel breakout for CAD/CHF. Wowzers! I've been dishing out chart patterns the entire week. How cool is that?
The numbers are in... and I'm out of this trade! Take a look at these reasons why I decided to exit this EUR/GBP position early.
With the euro zone being the other party in the Brexit divorce, all eyes were on the ECB’s first decision since the EU referendum. What is the central bank up to these days? Here are four takeaways.
So far so good on my USD/CAD setup! With a bunch of top-tier Canadian releases lined up, I'm making a few adjustments on my open position.
Price action was back in Chopsville for the past week, making it challenging for the SMA Crossover Pullback system to score gains. Here's what went on.
Ouch! Unfortunately I took an overall loss of -52 pips today from two trades. See how it all went down in today's Cowabunga Surf Report.
MetaQuotes unveiled the new 'Time & Sales' feature on its MT5 platform, which provides a real-time list of forex transactions. How can this help you understand the markets better?
Now that the RBNZ seems to be keeping the door open for interest rate cuts, I'm switching to a short Kiwi bias with this NZD/CAD setup. What do you guys think?
There are times when the market narrative leaves us knowing that the markets may not be done adjusting or REadjusting to a new twist in the plot. The GBP is such a story.
Despite the UN tribunal ruling that China has “no legal basis” for its expansive claims in the South China Sea, China is digging in and saying they refuse to accept the decision. [Bill Haden. The South China Sea, Yale University Press.]