Looks like dollar bulls went home early after the FOMC party! Major pairs settled in forex ranges for the past few hours, as there were no top-tier reports released.
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Here's a set of longer-term forex setups for the swing traders out there! Check out these potential plays on EUR/GBP, EUR/CAD, and AUD/JPY.
Now that the FOMC event has passed, I think it might be time for a pullback in recent USD strength and Loonie weakness. Is there an opportunity to jump in the USD/CAD trend higher?
Instead of spreading yourself out too thinly with too many forex trades, why don’t you try specializing first? This is what niche trading is all about.
What's up with all these risk-off flows these days?! Higher-yielders just can't seem to catch a break while the safe-havens are staying supported. Here are some factors that are keeping risk aversion in play.
The U.K. Financial Conduct Authority, which is the watchdog of the British financial industry, recently released a few warnings on trading with clone brokers. Is this something you should be worried about?
ALMOST a good forex trade! This particular trade would've been considered good losing trade if not for a newbie mistake. D'oh!
Unfortunately I took a loss today off of one trade. This happens sometimes but you have to take comfort in knowing that you followed your trading system rules. See how it all went down in today's Cowabunga Surf Report.
Since I haven't had much luck with my recent forex trade ideas on a dollar pair and a comdoll cross, I'm looking at the yen pair this time. Here's what I spotted on NZD/JPY.
Decided to close down my most recent trade ideas early as the technical frameworks are invalidated and sentiment shifts. Here's a quick forex trade review.
Here are the numbers! I must say, while the overall profit was lower on this version of the Triple SMA Crossover forex mechanical system, other metrics are lookin' good!
I have to confess, I have been a long-time doomer and gloomer on the euro. And the last time I was as gloomy as those are in the market now, was just before the currency blasted off for a 25 cent rally against the dollar back in June 2012.
In this week's video I cover the details of exactly what I watch and monitor on my forex trading spreadsheet