How can you identify changing forex market themes and how can you make it work in your favor? Here are a couple of tips.
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Let's end this week's intraday forex charts update with a Swissy + chart pattern double special. Specifically, I've got a rectangle for USD/CHF, a channel for GBP/CHF, and a wedge for CAD/CHF.
Trading conditions were rather tight during today's morning London session, likely because forex traders were hunkering down for the last NFP report before the December FOMC statement.
In case you’ve been too busy playing Final Fantasy XV, you should know that the highly-anticipated OPEC meeting ended with a historic deal. Here are 7 things you need to know.
If you're looking to jump in on the dollar's rally, then you'll want to check out this retracement play on USD/CHF's daily time frame. What do you think of this setup?
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.
I had my doubts about an OPEC deal but I decided to stick to my guns in keeping this long CAD/JPY position open. Now it's time for me to lock in some gains and consider pressing my advantage.
I was in and out of this USD/JPY trade real quick, and fortunately I was able to score pips! Here's how my short-term position turned out.
Well played, OPEC! The oil mafia made an offer that Loonie bulls couldn't refuse, causing NZD/CAD to drop. Thank goodness I made some adjustments!
After dipping last week, the value of net long bets on the Greenback increased again. And the latest COT report from the CFTC reveals that the Greenback's advance was broad-based. The Greenback continued to lose ground to the pound, though.
As you well know, markets have reacted very favorably to the recent election of Donald Trump to be the next US President, despite the continued obsessive sniping among the mainstream press and assorted metrosexuals (defined as hubris-filled big city dwellers).
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!