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Forex Trading Blog Updates
I've got an Aussie special for today's intraday forex charts update, with a channel for EUR/AUD, a break-and-retest for AUD/NZD, and another channel for AUD/JPY.
Risk aversion was the name of the game during the morning London session, so the safe-havens got some buyers while the higher-yielding comdolls got whipped. Interestingly enough, the Swissy was the safe-haven of choice today.
Hi, forex friends! If you somehow missed it, the Fed released its official FOMC press statement yesterday, and the Greenback tanked pretty much across the board. Wait, what? Yep, let's take a closer look, shall we?
A pretty good week for the HLHB System, as it gained pips from both EUR/USD and GBP/USD just by doing what it's meant to do: catch intraweek trends.
The Greenback continued to inch lower against its counterparts, as Asian session forex traders caught up to yesterday’s price action.
Faked out! So much for trying to catch a short-term triangle breakout during the release of Australia's CPI. Here's why I decided to cut losses on this AUD/NZD trade.
Now that the FOMC statement is over and Fed officials seem to be relatively hawkish, I'm setting my orders for this USD/CAD pullback play.
The FOMC statement sounded rather upbeat yet, after a lot of tossing and turning, the Greenback ended lower against its forex peers. What's up with that?!
Ready for more chart setups? I've got sweet range trades on GBP/USD and NZD/USD and a trend trade USD/CHF lined up for ya. Check it!
Unfortunately with the choppy markets today I ended up with one loss from one trade. See how it all went down in today's Cowabunga Surf Report.
Like any high-performance endeavor, how traders process information is important in acquiring expertise. Are you mixing up information that you think are relevant to your trades?
I'm mixing it up a bit in today's intraday forex charts update, with an ascending triangle for GBP/CAD, a break-and-retest for CAD/CHF, and a Fibonacci play for NZD/CHF. Check 'em out!
Both volatility and directional movement were in short supply ahead of the FOMC statement. The session wasn't a complete snooze-fest, though, since there was some interesting price action on the pound.
The U.S. will be getting the first estimate for its Q2 GDP this Friday, so if you're looking for a likely catalyst for the Greenback after the FOMC statement, then this is your best bet. And it just so happens that I have this here trading guide to help you out.
Aaand I'm in! I didn't want to miss out on USD/JPY's forex volatility this week, so I decided to pick my entry levels and take advantage of the pair's price action. Here's what's up!
It was a topsy-turvy day for Asian session forex traders, as speculations on Japan’s new economic stimulus sent the yen (and other major currencies) all over the charts.
I'm seeing a long-term support bounce on AUD/NZD's daily chart that might be enough to keep Aussie bulls charging. Take a look!
Australia's quarterly CPI came in line with expectations of a 0.4% rebound so that's my cue to close this AUD/USD short position. Here's what happened.
Ready for more forex trade opportunities? Get over your mid-week hump by checking out these day trade setups on AUD/JPY and GBP/JPY and a long-term chart on EUR/GBP!
After a bit of a weak start in the day, the Greenback recovered against its forex rivals during the New York session thanks to mostly upbeat data.