Itâ€™s easier (and certainly more convenient) for forex traders to assume that one good strategy would yield consistent profits. Unfortunately, this is not always the case.
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Sterling bears came out in force after disappointing poll results, leading the market to invalidate my technical setup on GBP/CHF. Decided to close out early to limit my loss.
For this week's final intraday charts update, breakout chartists may like the descending triangle I've got on EUR/USD while trend riders may prefer the channel pattern on CHF/JPY.
Not much on the docket for today's morning London session. Even so, there was price action aplenty since forex traders just continued the themes from the earlier session. As such, the yen grew even stronger while the pound got kicked even lower.
What happened during OPEC's Vienna meeting and how did oil players react? Here are major points you need to know about the event!
Hey, forex friends! Looks like the euro is on track to extend its gains against the Greenback! What do you think of this setup?
A good number of inside bar patterns formed on USD/JPY and GBP/JPY again but a lot of early exit signals popped up. Most of these still managed to lock in gains, though!
Now that pre-OPEC speculations are out of the way and commodities are in profit-taking mode, the Aussie could resume its slide versus the lower-yielding yen. Here are my entry levels.
The US economy is slowing as seen in the 2s vs 10s yield spread tightening; i.e. the flattening of the yield curve.
In case you've been living under a rock, you're probably aware that bitcoin has been setting one record high after another in the past few days and might keep going for more. Here's what you need to know if you're thinking about joining the cryptocurrency bandwagon.
Another day with 2 trades?! But did it turn out any better today? Find out in today's Cowabunga Surf Report.
I think it's about time I called it quits with this one as the pair seems to be eyeing further downside. Here's how it all turned out for my GBP/AUD long position.
Traders must consider global macro & forex stories influenced by data & politics. Seems daunting but there are signs to notice when correlations disconnect.