Trading currency crosses opens a whole new side of the currency markets, as different crosses possess different qualities that can suit any style of trading. Some crosses move fast and are extremely volatile with daily ranges that may exceed over 100 pips. While other crosses move relatively slow and exhibit low volatility, which is more suited for novice traders.
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Good morning! My long orders at 132.00 were triggered, and it appears that was the major support area for the day as traders jumped in long around 131.50 - 132.00. The pair has been… More…
US Jobs data just came out and the US economy only lost 345K jobs (much less than forecast) and the unemployment rate came it at 9.4%. The markets took this as a sign that the recession is abating. There was a mixed reaction in… More…
Good morning! My trade was triggered shortly after I posted my trade idea as my short entry orders at 131.00 was hit in the afternoon US trading session. Slightly better than expected Japanese GDP numbers gave the Yen a… More…
Good afternoon! My trade was triggered during the morning Asia trading session as EUR/JPY made a low around 131.72 and hitting my orders at 131.80. The pair rallied from there into… More…
Today's events was what I was waiting for: the ECB cuts rates from 1.25% to 1.00% and announced purchases of up to EU60 billion in euro-denominated covered bonds. So, an interest rate cut and… More…
What a bummer as EUR/GBP continued to rally higher beyond my entry price and hit my stop at .9050. The bummer part was that the pair made a high of around .9080 pips before dropping all the way down below .8900!… More…
Shortly after I posted my idea, EUR/JPY made a double bottom on an intraday basis and buyers were ready to push the pair higher. My first profit target was hit, but with potentially volatile US data coming up, I have decided to close out my position.… More…
Good Evening! I may have been a bit early on my short idea last time, but I think today's retracement higher in EUR/JPY is giving me another opportunity to short again. Ch-ch-ch-check it!… More…
With risk appetites growing strongly across the board, today's daily candle closed strongly above 130.00. My focus on Eurozone weakness is being outweighed by a return to … More…
It looks like Eurozone weakness was not able to overcome Japanese economy weakness and the previous resistance failed to hold. I took a hit as EUR/JPY rose to… More…
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