Cross-Eyeing: GBPJPY
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Good afternoon! There's a sweet chart pattern forming on GBPJPY signaling that the pair may break out in the near future. Let's take a look, shall we?
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Let's look at one of my five minute "daytrade" set ups from this morning on the cable as the mark down cycle showed prices moving swiftly lower. My goal was to take advantage of a bounce and short into the downtrend.
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Good afternoon! There's a sweet chart pattern forming on GBPJPY signaling that the pair may break out in the near future. Let's take a look, shall we?
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The latest G-20 communiqué said nothing new. You know ... where the leaders told us they're not yet ready to rein in the stimulus they've provided to their respective economies.
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There has been a lot of fuss regarding the new regulations implemented by the National Futures Association (NFA). What did my forex recon turn up?
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Good morning! Not much movements in the markets since I dropped in orders to go long EURUSD, but we did see the pair dip a bit lower to the 38% Fib area and rally up to the
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Alot of action went on today but it didn't mean we did a lot of trading! See how it all went down in today's Cowabunga Surf Report. (Video Included)
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The dollar finally managed to gather strength and retrace some of its losses in yesterday's session. This day could prove to be an important day for risk sentiment as euro zone's GDP report is due. Be prepared and check my daily roundup!
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After all this wand waving by the ECB, will we finally see some magic when the euro zone third quarter GDP reading comes out this Friday?
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Some short term trends have been broken recently. Is this just a correction or a start of a possible reversal? I have the NZDUSD, USDCAD, and the EURUSD on my list today. Check them out in our daily chart art!
I was watching the Lakers play the other night on the tube. While I'm a big fan of Kobe Bryant, I was getting frustrated at him during the game because he seemed to, at least in my opinion, force too many shots.
Welps...it looks like USDCAD was ready to breakout, but to the downside! Positive ISM data from the US brought back the risk bulls out, taking traders away from greenback and moving back to the Loonie.
The Loonie Adventures of a Forex Noob
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Hey everyone! Here's a new trade idea for the USDCAD, based on classical charting again. I hope this one lets me catch some pips. Wish me luck!
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