Forex Trading Opportunities on Aussie, Loonie and Kiwi

18- 11- 2014 nc 4

Today’s post focuses on the Australian Dollar (AUDUSD), Canadian Dollar (USDCAD) and the NZDCHF. The AUDUSD bullish 4-hour channel (blue lines) offers various trading opportunities for Forex traders such as bounces off of the bottom (green circle) and top (orange circle) of the channel and […] Read more »

Forex Analysis & Setups on the Majors

17- 11- 2014 uj

Today’s post offers a glimpse of the market prior to FOMC statement, which could easily dominate this week’s trading. The FOMC statement will be released on Wednesday afternoon (ET) and might set out the USD direction for the remainder of 2014. Let’s review the majors […] Read more »

Trading Forex Reversals within a Bigger Downtrend

12- 11- 2014 au

Although the AUDUSD currency pair is strongly retracing upwards, the downtrend is still heavily bearish on the higher time frames (such as weekly, daily and 4-hour). A retracement could in fact be a great opportunity to join the downtrend at a discount. Let us review […] Read more »

Fading the Momentum in Forex Trading

11- 11- 2014 image 1

Occasionally price is able to accelerate further than any Forex trader might expect. In these cases price has a strong impulse or thrust and it keeps extending to new extremes. Although catching such an impulsive trade is great, what does a trader do when they […] Read more »