Talking PointsUSDJPY Breaks to Monthly HighRange Resistance Sits at 103.07Price Above R4 Signals a Fresh Price BreakUSDJPY 30min Chart(Created using FXCM’s Marketscope 2.0 charts) After yesterday’s FOMC, the USDJPY was trading at monthly highs on USDollar strength.
Day traders need to have a concrete plan for managing risk in their trading plan. Today learn how to use pivot points for stop placement in your trading!
Talking PointsPrice Hovers Near Range ResistanceRange Support Sits at 1.4533Price Above R4 Signals a BreakoutEURCAD 30min Chart(Created using FXCM’s Marketscope 2.0 charts) For the beginning of Wednesdays trading, the EURCAD remains locked between defined values of support and resistance.
A Forex strategy many traders use is a technical analysis strategy of comparing the length of two alternating waves.
Talking PointsUSDollar Breaks to Highs Above R4Range Resistance Sits at 10,476Price Below R3Signals a False BreakoutUSDollar 30min Chart(Created using FXCM’s Marketscope 2.0 charts) The USDollar has opened the trading day stronger with an early morning breakout.
This article takes a new approach to seeing why traders lose money and gives you a plan to try and reverse the losing traders experience.
Talking PointsEURUSD Hovers Near Central PivotRange Resistance Sits at 1.3445Price Below S4Signals a Trend ContinuationEURUSD 30min Chart(Created using FXCM’s Marketscope 2.0 charts) The EURUSD has opened the trading week within a 30 pip trading range.
Forex trading involves pairing two currencies against each other. Create a currency basket which allows you to focus profits or losses to a single currency.
The USDJPY continues to stay between key lines of support and resistance in early US session trading. Learn updated reversal points for the pair here.
Regardless of your strategy, one of these 3 simple filters can be added and potentially increase its effectiveness.