Wassup, dawg? I've got something that the real gangsta traders among y'all may like. Specifically, I've got a bullish pennant for EUR/CAD and a bullish flag for CHF/JPY. Check 'em out!
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Volatility was a bit subdued during today's morning London session, likely because traders are waiting for the ECB's presser. Even so, there was enough action to keep the session interesting since pound and Kiwi pairs were on the move.
The U.K. ain't the only one with a GDP report scheduled for release tomorrow, since the advanced reading for Q1 2017 U.S. GDP will be revealed tomorrow as well, so read up if you want to get up to speed on this top-tier report as well.
My global network of spies have been giving me a lot of intel on unregulated entities and potentially fraudulent activity in the financial markets, so I've rounded 'em up to help y'all stay safe.
Bah! So much for that breakdown! AUD/NZD is now back above that triangle support area so I think it's time for me to cut my losses on this short position.
Proper trading psychology and experience are crucial components to success in your forex career. However, there are some pitfalls you should avoid.
Found 2 trades today with one loser and one winner, but the final results are in! Find out what happened in today's Cowabunga Surf Report.
The SMA Crossover Pullback System is off to a rockin' start this Q2 as it locked in a couple of big wins and some change. Here's what I'm talkin' about!
Yen bears seem to be on top of their game these days so I'm cutting losses on this AUD/JPY short trade before it hits my stop. Here's what I learned from this setup.
Last week, I was watching EUR/AUD to see its next move after testing the top of a falling channel, and with this weekend's upside break, it might be time for me to make my move!
Talk about starting the week with a bang! Not only do we have interesting inflection points on the charts this week, but we also have FOUR potential catalysts that might move the major dollar pairs!
The US dollar is getting whacked today against the euro, yen, and pound...but in this risk-off day where stocks are getting clobbered, the dollar is holing up against the commodity currencies.
Traders must consider global macro & forex stories influenced by data & politics. Seems daunting but there are signs to notice when correlations disconnect.