November 2014 Monthly Archive

Forex Trade Review: EUR/CAD Short

The OPEC decision had forex traders hitting the sell button hard on oil currencies, which unfortunately includes the Loonie and closing out my EUR/CAD short. Read more

Short EUR/CAD at Broken Support

I spotted a potential broken support-turned-resistance play on EUR/CAD that looks pretty interesting with Canadian data starting to turn positive. Read more

Forex Weekly Watch: Nov. 24 – 28, 2014

We finally get to see some pull backs among the major cross currencies, potentially creating new opportunities for momentum traders, especially with yen pairs. Read more

Forex Trade Review: GBP/CAD Short

A bit of a surprise from today’s BOE meeting minutes that had forex traders lighten up on pound shorts. GBP/CAD popped higher to hit my adjusted stop. Here’s a quick trade review! Read more

Forex Adjustments: EUR/JPY & GBP/CAD

EUR/JPY broke a key technical level to the upside & GBP/CAD continues its downtrend lower, both of which had me making forex adjustments early in the week. Here’s a quick update. Read more

Forex Weekly Watch: Nov. 17 – 21, 2014

The story is changing for the British pound, changing up the forex charts and setup up potential range, trends and breakout plays on the crosses! Read more

Trailing Stop on GBP/CAD Short

Got myself a nice drop on GBP/CAD, enough to possibly break the strong support around 1.7900. Don’t know what’s next so it’s time to lock in profits and maximize gains. Read more

Taking the SNB Trade on EUR/CHF

Who better to coattail on forex trades than one of the world’s major central banks? No one! So, I’m looking to take a position on EUR/CHF with the SNB to defend the franc. Read more

Forex Weekly Watch: Nov. 10 – 14, 2014

The picture has changed once again for the yen cross pairs, while EUR/GBP is still humming along its downtrend lower creating simple forex setups. Read more

Forex Trade Review: EUR/AUD

The Aussie gets slammed in today’s forex trade thanks to the strong Greenback & falling gold prices. The move was enough to push EUR/AUD to my stop & take me out. Time to do a quick review. Read more

Looking at Major Resistance on EUR/JPY

I’m pretty sure I can’t get burned twice by the BOJ, so I’m looking at shorting EUR/JPY again ahead of a potentially volatile ECB monetary policy meeting. Read more

Forex Weekly Watch: Nov. 3 – 7, 2014

Big moves from the currency crosses last week, giving us clarity on current forex sentiment. Check out what I’m seeing next for EUR/JPY, EUR/GBP, & GBP/JPY! Read more