forex

Anyone down for a simple trend correction play on a Loonie pair? CAD/JPY has been forming higher lows for the past few weeks, and it looks like another test of support is in the works. Check out these neat retracement levels ahead of the…

With the BOC decision and Canadian jobs data coming up, I’m looking at this textbook setup on a Loonie pair this week. While the Canadian dollar is enjoying some bullish action thanks to rising oil prices after the OPEC decision, buyers…

The dollar is dominating today’s price action! Will it lead to GBP/USD breaking a key short-term support zone? Before moving on, ICYMI, I’ve listed the potential economic catalysts that you need to watch out for this week. Check them out…

Many traders hope to catch one of those big market moves. These are markets or forex pairs that would start to gain momentum and later on develop into a full-blown trend. Trading trends using trend reversal and…

EUR/USD: Will the Dollar Return to Steady Growth? ● The dollar has been rising since May 4. The DXY Index reached the 104.609 mark on the last day of spring, May 31. It hasn't soared this high since January 2023. As we have…

Momentum trading is a popular type of trading strategy and for good reasons. This is because momentum trading is a very effective trading strategy. It either is an initial phase for a longer-term trend or in many…

Dollar bears are getting back in the game lately! Does this mean another leg lower for USD/CAD when the NFP is released? Before moving on, ICYMI, yesterday’s watchlist checked out AUD/USD’s pullback to a broken range bottom. Be sure to…

Stop loss hunting strategy Welcome to the world of forex trading! As you delve deeper into this exciting and dynamic market, you will inevitably come across terms like "stop loss hunting" and "stop hunting forex”. These terms…

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AUD/USD broke below its short-term range and is now retesting the former support. Will the area of interest hold when U.S. leading jobs indicators are released? Before moving on, ICYMI, yesterday’s watchlist checked out USD/JPY’s retest…