Unless you were trapped in a cave somewhere, you probably already know that the UK voted in favor of a Brexit, which is obviously very bad for the pound. But were there other movers? If so, what was driving their forex price action?
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The UK has voted to get out of the EU, so is the Brexit saga finally over? Well, as clichéd and corny as it may sound, the vote for a Brexit is just actually the beginning. So, what are the steps for an actual Brexit? And how long will it take? Read on to find out!
Given that major events have been rocking the financial markets lately, it looks like there's still a lot of uncertainty left in the forex arena. How can you prevent this from crippling you with fear?
To end this week's intraday forex charts update, I've got a possible double bottom for USD/CAD, a channel for EUR/CAD, and a simple Fibonacci setup for NZD/JPY.
Given that the aim of the European Union is to eliminate democracy by reversing the result, as perceived by the European Union, of the Second World War...
The SMA Crossover Pullback system had an action-packed week, and that's even before the EU referendum began! Here are the latest positions.
It was an awesome day for me as I was able to grab +69 pips off of one trade! See how it all went down in today's Cowabunga Surf Report.
No dice! I'm backing out from taking this short GBP/JPY setup because reversal candlesticks didn't form around my sell area.
Just a quick update on that AUD/JPY setup I was watching earlier this week! Here's why I decided against taking this short trade.
I might be sitting on the sidelines during the EU referendum, but that's not stopping me from looking at this sweet forex downtrend setup on Cable!
After three weeks of increases, the value of net long bets on the Greenback got slashed dramatically. And the latest Commitments of Traders forex positioning report from the CFTC shows that the Greenback got pushed backed by most of its forex rivals.
Thanks to overall risk aversion and the BOJ's decision to keep policy unchanged, AUD/JPY showed strong bearish momentum and is moving closer to my target.
The shift in the story has taken hold with the polling data clearly favoring the "stay in the EU" vote. This keeps GBP buyers looking for more upside?