Pipcrawler

Pipcrawler

Every day, I try to find what I believe is the best-looking short-term currency trade setup for the upcoming trading day or week. If you're a forex newbie, it can be tricky trying to figure out how to look at charts and draw lines. My goal is to help you understand the psychology behind price movements in the foreign exchange markets, so you can learn to analyze your own currency charts and trade on your very own.

Articles by Pipcrawler

Pick of the Day: GBP/USD – Trade Closed

Trade closed as Sterling sold off ahead if the Bank of England Interest Rate decision during the Euro trading session. It appears to have been a sell off on weaker than expected Manufacturing data along with a “buy the rumor, sell the news” situation as traders

Read More

Pick of the Day: USD/CAD

It’s time to take another crack at USD/CAD! Man, this pair just won’t stop… or will it? The Loonie is trading against the Greenback right above a psychologically important level at 1.10. Will 1.10 hold as support? Probably not. Today

Read More

Pick of the Day: USD/CHF

Good evening! My question of the day is will 1.20 hold or be broken in USD/CHF? Well, today we saw Existing Home Sales and Consumer Confidence come in lower than expected. We may see further USD weakness with Durable Goods and New Home Sales report out later at 8:30 am EST.

Read More

The trend is your friend until the end when it bends. Ed Seykota