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Forex Trading Blog Updates
For today's intraday charts update, I've got a couple of channels for USD/CHF and CAD/CHF that y'all may wanna check out, especially the trend traders out there.
The pound and the yen battled for supremacy during the morning London session. Meanwhile, the euro steadily bled out during course of the session.
Hello, forex chaps! The U.K. will be releasing its GDP report this Friday. There's therefore a good chance that the pound mat get a volatility boost. And if you're planning to trade this top-tier report, then you better gear up by reading up on today's Forex Preview.
The Aussie took some hits during the Asian session after Australia's headline CPI reports missed expectations. Details of the report, however, don't bad enough to influence the RBA's biases.
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.
I'm serving up forex trade opportunities on the comdolls, brothas! Get over the mid-week hump by checkin' out these hot charts on EUR/CAD and AUD/NZD!
Just when it seemed as though the weekend gaps were about to get filled, yen pairs resumed their climb to show that risk-on traders are in control. Meanwhile, the Loonie was dragged down as Trump turned his tirade on the Canadian dairy industry.
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!
The trend changed in the middle of my session but did it lead to any trades? Find out in today's Cowabunga Surf Report.
The chart pattern party continues in today's intraday charts update, with a channel for CAD/JPY and a rectangle that also looks like a bullish flag for NZD/CAD. Check 'em out, peeps!
Today's early European session was another steady session. Aussie and the Kiwi pairs were an exception, though, since both the Aussie and the Kiwi got dumped at the start of the session. Meanwhile, the pound was range-bound for the most part but got buyers near the end.
Because France’s Presidential elections is so yesterday, traders are now looking for the next market catalysts. How about the two policy decisions and two central banker speeches scheduled this week?
The Canadian dollar did a Ke$ha during the Asian session as it went down and while forex traders yelled “timber!” What’s up with that?!
Large speculators slightly boosted their net favorable bets on the Greenback. However, the latest COT report shows that positioning activity was a mixed bag of nuts. Interestingly enough, pound bears added to their bets, which means they weren't scared away by Theresa May's call for early elections.
Expectations are running high for Trump's tax reform announcement this week, and I think this might lead to a breakout for AUD/USD's short-term triangle. Take a look!
A bit of risk aversion peeked back in the markets, allowing the Greenback and yen to advance despite dovish remarks from FOMC member Kashkari.
Who's up for more pips this week? I hope you are, because these short and swing trade opportunities on USD/JPY and AUD/USD are too good to miss! Check it, forex brothas!
Took a calculated risk ahead of the French election and I lost on CHF/JPY. Here's a quick review & a reminder about getting stopped out on weekend gaps.
Losing is as much part of trading as winning. So how do most forex players process trade losses? Here are four stages you should be familiar with.