AUD and NZD pairs show recurring, high probability levels on weekly charts, and have a lot of significance because of duration and number of hits.
DXY bulls are happy as long as the index stays above this prominent 2-year support. Bears however have their signal. It is now a matter of time while the index does it's usual zig zag before the inevitable happens. The signal for DXY to go lower in 2018 is already in place.
Busting 3 myths about automated trading: 1) that automated trading is not emotional 2) that it is set and forget 3) that automated trading is too technical.
4 moving average overlay on weekly chart shows DXY on downtrend over 3-6 months. Going long is a contrarian move that has to fight many resistance levels.
Follow up on stories published in the last two weeks: FTSE, SATS S58 and XLP. New chart 'Is USDJPY going down from here?'
Professional Breakout Trading System is a Forex intraday mechanical strategy which aims at capturing big volatile and explosive moves on EURUSD. Designed for MT4.
With 11 hours to go, CME FedWatch Tool indicates a rise in the probability of a rate hike compared to over 40 hours to go. Is this kind of data meaningful to traders?