You want to fade the breakout? Was that a mistake? Did you mean “trading the breakout”? Nope! Trading in the […]
If someone wished to shift currencies in the past, they had to first convert their currencies into US dollars, and […]
When it comes to predicting how the market will react to data reports or market events, or even why it […]
A quick Yahoogleing (that is, Yahoo, Google, and Bing) search for “forex + news” or “forex + data” returns about […]
There are various basic variables that influence the long-term strength or weakness of the major currencies and, as a result, […]
As previously stated, national governments and their respective central banking agencies devise monetary policy to meet certain economic mandates or […]
Hawkish vs DovishWe recently discovered that changes in a country’s interest rates have a significant impact on currency pricing. We […]
Interest rates drive the currency market! In other words, global interest rates govern the FX market. The interest rate on […]
To fade breakouts, you must first understand where possible fakeouts can occur. Potential fakeouts are typically discovered at support and […]
Breakouts are well-liked by forex traders. Doesn’t that make sense? When the price “breaks” out of that support or resistance […]
As you already know, when a trend advances for a long time and then begins to consolidate, one of two […]
Chart Patterns By now you should be accustomed to looking at charts and recognizing familiar chart patterns that indicate a […]
