Foreign Exchange

The currency markets are experiencing sharp reversals in the face of major biases, which could be pullbacks or potentially new signals. If you look at your charts more carefully during a busy trading period, you would observe that instruments do not move in straight lines. This is a propensity in the markets; a major bias […]

Trading is difficult only for those whose mindset goes against the real truth about trading. There are some universal trading principles that guarantee success in the long run. And it must be adopted by all traders. The reality is that scalping isn’t the old man’s trading style: it’s the young man’s trading style. The more experience […]

Pound Sterling – The Pound started the week looking upwards after it made gains against the US Dollar after an industry report showed that UK home sellers raised their asking prices for a fifth consecutive month in May. As a result of the data, Sterling climbed from its lowest level in six-weeks against the US currency. […]

Do you know how top traders handle their positions? Schools encourage us to multi-task flawlessly. The more errors a student makes, the worse the marks awarded and therefore less the commendation, for many errors. Mistakes are frowned on in the medical world, business world and the engineering world. Indeed, the willingness to be perfect in […]

In yesterday’s session, the loonie had a big bullish momentum, leading to break strong resistance on the road. The USDCAD finally completed a lower high pattern, that had formed below the resistance level 1.0286, a level of vital importance because this pair tried to break it weeks ago, without success. The loonie took a new […]

The EURUSD is recovering a bit after it had fallen last week but this may not indicate a change of trend in the pair at the moment. The EURUSD is approaching the resistance level 1.2944, which may make a bearish rebound and fall back to the support at the 1.2823 level. If EURUSD breaks that […]

The AUDUSD is making a consolidation after a sharp drop. The aussie is forming a higher low pattern very clear in the daily chart and that was expected, because this pair is literally in free fall from the level of 1.0350. Now, the AUDUSD is moving in a range between 0.9828 and 0.9709, very crucial […]

The currency markets are in vivid Trend Confirmation Patterns – both bearish and bullish. Recently, prices have become very volatile as they approach major accumulation and distribution territories. But it is expected that those territories would be breached as the markets go in the direction of the overall biases. Thus, market participants are bound to […]

The GBPUSD starts a decisive week, due to the large amount of economic data to be published in the UK this week. The GBPUSD is forming a higher low pattern above support at the 1.5154 level, if it does break this support, it is very possible that this pair drop to the level of 1.5090. […]

A trading coach can really make a big difference, provided the coach is also a successful trader. You can give only what you have. There are some who teach, but who can’t trade. This industry is full of too many online ‘professionals’ who can’t trade successfully on their own. The uses for Moving Averages vary. […]