Foreign Exchange

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. […]

LEARN FROM GENERALS OF THE MARKETS – PART 28 Linda Bradford Raschke (Commodity Trading Advisor) is the head of LBR Group Inc., and LBR Asset Management. This astute female trader has over 30 years of trading experience. A real amazon of the Wall Street as she’s, her career began in 1981 as a market maker […]

The loonie has had a very bullish day, driven by weak economic data in Canada that were released during the day. The loonie rose to 1.0300 psychological level, finding strong resistance there, after having formed a lower high pattern below 1.0200 level. Now, the USDCAD has an important challenge is to try to break the […]

Pound Sterling – On Monday the Pound was little changed as economists awaited the release of data which was expected to show that the number of people in the UK claiming unemployment benefits fell for a sixth consecutive month in April adding to hopes that the nation’s economy is making a recovery. On Tuesday it […]