There are three strong reasons to expect USDSGD to continue trending downwards: 1) 4-year consolidation 2) downward channel 3) multiple month trend. In addition we spot another bull-trap (#3) as well as point out levels to expect a signal.
We were bullish AUDUSD prior to high impact news. Data miss triggered stops. We look at what we missed and supports to look out for.
Presenting one way to overlay multiple time frames in one chart so that we can see where we are in the bigger picture. Some rules included.
Price action trading works very well when currency trader combines price information into a rule based approach. In this post, we look at price action ‘boxes’ drawn on MT4 to visualise trend. Example with EURCAD.
December is the month of the year when I spend a lot of time reflecting what has been done and what has not. TX auto alert indicator has a special place in my mind because it has revolutionized the way our community of currency traders
Doctor Sandeep shares the parallels between picking up currency trading and practicing as a medical doctor. He distils his experience into 10 ideas for the aspiring trader to follow.
USDJPY has run into a significant resistance that we covered in a previous posting ‘Will USDJPY gain under the loose monetary policy run by the US Federal Reserve?‘ This level is the 2010-low and on a chart, is a very significant pivotal level. Why? From