forex

US DOLLAR OUTLOOK:U.S. dollar lacks directional conviction, moving between small gains and losses, as traders avoid taking large positions ahead of the FOMC decisionThe Fed is expected to hike interest rates by 25 basis points to…

The higher-yielding Kiwi staged quite a turnaround from its earlier selloff, but will the rallies last? Or will the FOMC turn risk sentiment around? Before moving on, ICYMI, yesterday’s watchlist checked out a triangle breakout on…

There are two psychological factors that play with a trader’s mind whenever they are trading the forex market. One is greed and the other is fear. While most traders blame greed for causing them to lose money when…

Today’s risk-taking is pushing “risky” assets like CAD higher and weighing on safe havens like CAD/JPY! Does this mean that CAD/JPY’s upside triangle breakout is legit? Before moving on, ICYMI, yesterday’s watchlist checked out a…

Momentum breakout strategies are good starting points for new traders. This is because strong momentum often causes price action to continue further in its direction as it carries volume along with it. This…

GBP/AUD looks ready to break above a range pattern! And why not? The pound is one of the biggest fiat gainers so far this week as European investors cheered the authorities stepping in to contain banking sector concerns. It also helped…

The yen is off to a pretty strong start this week! Can the yen extend its rally against the Kiwi when New Zealand prints its latest trade balance? Before moving on, ICYMI, I’ve listed the potential economic catalysts that you need to…

Divergence trading is probably one of the most underrated technical analysis techniques that many new traders overlook. It is not as popular as a technique as most simplistic trading setups are. However, with the…

EUR/USD: ECB Not Fazed by Banking Crisis ● The past week was marked by a large black candle when EUR/USD plummeted from 1.0759 to 1.0515. And this happened not on Thursday, March 16, when the ECB made a decision on the…

A recovery of risk appetite sent the Aussie higher across the board today. But can AUD/USD move past its intraweek high resistance zone? Before moving on, ICYMI, yesterday’s watchlist looked for bullish attention for EUR/CHF ahead of…