- Blog Sponsors
Forex Trading Blog Updates
Hello, forex friends! Whether you're gearing up for next week's FOMC statement, or you just wanna know how the U.S. economy is doing lately, this Economic Snapshot is just for you.
This trading week was relatively more subdued when compared to last week’s trading frenzy. Anyhow, U.S. dollar strength and weakness on the part of the Kiwi and the Aussie were the main themes this trading week. So, what was was driving forex price action this week?
Hey guys! I'm looking at a trend trade on USD/JPY! The question is, which direction should I risk on? Here's the tale of the two charts!
Yikes, definitely not a good end to my first half of the trading year! Hopefully the second half is kinder to me and my trading strategy. Here are my forex trading goals for the months ahead!
After consecutive winning trades, some traders start to think that they got it all figured out and start to cut corners in their execution. This, my friends, is the start of a trading yo-yo.
For this week's final intraday forex chart update, I'm serving up a triangle for GBP/USD, a rectangle for GBP/CAD, and channel breakout for CAD/CHF. Wowzers! I've been dishing out chart patterns the entire week. How cool is that?
Today's morning London session was relatively quiet and price action was mostly choppy. The pound got dumped very hard across the board, though, thanks to the release of Markit's PMI report.
The numbers are in... and I'm out of this trade! Take a look at these reasons why I decided to exit this EUR/GBP position early.
With the euro zone being the other party in the Brexit divorce, all eyes were on the ECB’s first decision since the EU referendum. What is the central bank up to these days? Here are four takeaways.
Risk appetite took a step back, as yesterday’s mixed economic reports and updates caught up to the Asian session forex traders.
So far so good on my USD/CAD setup! With a bunch of top-tier Canadian releases lined up, I'm making a few adjustments on my open position.
Price action was back in Chopsville for the past week, making it challenging for the SMA Crossover Pullback system to score gains. Here's what went on.
Can't decide whether you're trading the majors, comdolls, or currency crosses today? Don't worry, I got yo back with these fantastic trend setups on USD/JPY, NZD/USD, and EUR/JPY!
The Greenback slid slightly lower against most of its forex peers in the New York trading session but managed to advance against the Loonie. What's up with that?!
Ouch! Unfortunately I took an overall loss of -52 pips today from two trades. See how it all went down in today's Cowabunga Surf Report.
The chart pattern fiesta continues. This time, I've got fresh setups for GBP/JPY and CAD/JPY, and we'll revisit yesterday's channel for NZD/JPY. Whoa! I just notice that I've got a yen + chart pattern double special for today's intraday forex charts update.
The pound got slapped lower due to a poor retail sales report, dragging the euro lower with it, since the ECB decided to keep its powder dry for now. The euro's fortunes may change depending on what ECB Draghi has to say in the presser for later, though.
And I'm in! My short order for this AUD/USD setup got triggered on a break of the ascending trend line, but it seems like a pullback is taking place.
Hi there, forex buddies! The RBNZ released its much-awaited economic update earlier today, sending the Kiwi tumbling against its peers. So what did it have to say?
With the ECB statement coming up, I can't help but look for potential short euro plays to hop in the ongoing trends. Here's what I'm seeing on EUR/NZD.