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Bollinger bands are a volatility indicator, used by traders to identify areas of support and resistance and areas in which an asset might be experiencing increased or decreased volatility. Bollinger bands are calculated from…

Share: EUR/USD bears are moving in at key resistance. Bears eye the 61.8% Fibo and trendline support.…

Number of traders net-short has decreased by 14.06% from last week.SYMBOLTRADING BIASNET-LONG%NET-SHORT%CHANGE IN LONGSCHANGE IN SHORTSCHANGE IN OINZD/USDBULLISH49.31%50.69%-30.07% Daily-18.94% Weekly0.00% Daily-14.06% Weekly-17.49%…

GOLD AND EUR/USD OUTLOOK:Gold prices clear technical resistance and rally above $1,950 following softer-than-expected U.S. inflation dataThe U.S. dollar sinks as interest rate expectations shift in a less hawkish directionMeanwhile,…

Economists expect another slowdown in inflation in the US: the general annual consumer price index CPI from 4.0% to 3.1%, and the base (Core CPI) - up to 5.0% from 5.3% a month earlier. Many economists believe that by the end of…

Looking for another central bank event to trade this week?The BOC decision is coming up while EUR/CAD is closing in on these correction levels. If any of these support areas marked by the Fibonacci retracement tool hold, the uptrend…

Share: NZD/USD rose above 0.6295, its highest since May 23. US CPI declined to 3% YoY vs the 3.1%…

BANK OF CANADA DECISION KEY POINTS:Bank of Canada raises its overnight rate by 25 basis points to 5.00%, in line with expectationsThe monetary authority warns that progress on the inflation front will be slower going forward, implicitly…

Hello traders, Today i spotted three trading setups setups. My first setup was a Supply Zone that was formed on GBPJPY M15. It was a narrow and well formed supply than was formed in compliance with Bearish Trendline, also it…

One of the questions traders always ask me is how important trading psychology is to a newbie. In this old man’s humble opinion, sound trading psychology is important enough that it sets consistently profitable traders apart from the…