EUR/AUD found its way lower to retest recent swing lows, but with a potentially bullish catalyst coming up, it was time to adjust my forex trade.
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It's all about the trend channels on today's canvas, as I bring to you these potential forex plays on NZD/CHF, GBP/AUD, and AUD/NZD!
“Overall credit growth continues to outstrip growth in value added, which is not sustainable,” said Stephen Green, chief China economist at Standard Chartered.
Since jumping in short last week, sellers continue to feed into the downtrend to nearly retest July lows. Time to do some trade management.
It looks like forex traders came to play today, and the name of the game was USD bullishness & EUR weakness in the morning London session.
In today's edition of my Forex Trading Guide, let's zoom in on another potential market-mover for the week: the U.K. retail sales release.
Much has been said against taking trades based on guesswork, but let me go out on a limb here and say that you should trust your trading gut.
If you're planning on trading AUD/USD, USD/CAD, or NZD/USD, don't forget to mark these potential inflection points and forex market events.
Greetings, humans! Here are the backtest results for the Amazing Crossover System. As the mechanical system name suggests, the results were quite amazing indeed.
Remember the long-term range that we're watching on USD/JPY? Well, I decided to close my position and regroup for another trading day.
Want to create a forex expert advisor but don't have the coding skills to get cracking? MQL5 Freelance might be worth considering.
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.