Forex

Forex

Fundamental Analysis of AUD/USD for July 21, 2017

After a non-volatile bullish trend after breaking above the 0.7750-0.7830 resistance area, AUD/USD has shown some indecision yesterday. Yesterday AUD/USD Employment Change report was published with a decreased figure at 14.0k from the previous value of... [...]

The worst market expert in the world

What could be more humiliating than constantly getting the answer wrong, in your own field of expertise, time-after-time? And not just getting things wrong, but doing so in a very public way, so everyone one can see exactly what it was you said would happen, and how wrong you actually were. Or even worse, something […] [...]

Olympic sack racing for beginners

It was my children’s school sports day yesterday… We were 13 races in, the sun was beating down, the parents were still jostling for best viewing position on the sidelines, and an announcement went out for the year 6 sack race. Now one particular boy has won this race – by a country mile – […] [...]

Trading plan for 14/07/2017

Trading plan for 14/07/2017:It was a quiet overnight Asian session with no major price movements. The strongest currencies are AUD (0.16%) and GBP (0.15%). On the other side of the table is the yen, which is down -0.13% against USD. Crude oil has slowe... [...]

Technical analysis of USD/JPY for July 12, 2017

USD/JPY is under pressure and expected to continue its downside movement. The pair broke below both 20-period and 50-moving averages with strong downside momentum. In addition, the bearish cross between 20-period and 50-period moving averages has been ... [...]

AUD/JPY testing major resistance, remain bearish

Price has slowly crept up towards our selling area and we expect to see a drop on it soon. We remain bearish looking to sell below 86.97 resistance (Fibonacci extension, horizontal swing high resistance, Elliott wave theory, bearish divergence) for a d... [...]

7 steps to winning the mental game of trading

I was flicking through an old trading journal of mine the other day. It’s a bit tattered around the edges, but those pages still contain absolute pearls of wisdom. And no…I’m not blowing my own trumpet too hard here. The notes I’d made were from when I was still trying to figure stuff out… I’d […] [...]

Technical analysis of EUR/USD for July 12, 2017

When the European market opens, some Economic Data will be released, such as German 10-y Bond Auction, Industrial Production m/m, and German WPI m/m. The US will release the Economic Data, too, such as Beige Book, 10-y Bond Auction, Crude Oil Inventori... [...]