All the lower-level US reports scheduled for today have me looking at the US Dollar Index! Do you think green money will continue to fall compared to its major peers? Before we move on, ICYMI, yesterday’s watchlist, reviews CAD/JPY for recovery options ahead of CPI launch in Canada. Don’t forget to check if the game is still valid! And now for the stocks that have […]

A new trading week means we get another opportunity to trade major currency pairs like EUR/USD! Will the Euro extend its losses against the Dollar in the next trading session? Before we continue, ICYMI, I have listed the potential economic catalysts to look out for this week. Try it before you make your first trade today! And now for the stocks that have rocked the […]

Volatility has calmed down Tezos (XTZ) But traders are still hugging in a key area of ​​support. Eventually, will the bears be able to break out to the downside, complete a classic bearish technical pattern, and attract more bears?   XTZ/USD: Daily Tezos (XTZ) is the utility token for the blockchain (a smart contract platform that “self-develops”), and just like the rest of the crypto […]

Australia just released another stronger than expected jobs report. Could this be enough to stimulate a double top break for GBPAUD? Before we continue, yesterday’s watchlist from ICYMI reviewed the USDCAD trend channel ahead of the Canadian CPI release. Be sure to check if it’s still a valid trade! And now for the headlines that have rocked the markets in recent trading sessions:   Fresh […]

A solid range formation continues to hold on Cosmos (ATOM)! Will there be another near-term range reversal from resistance ahead or should traders watch for an upper range break?   ATOM/USD: 4 hours Cosmos (ATOM) has been an outlier so far in 2022 as one of the top tier crypto assets to avoid seeing red in January. It’s possible the bulls aren’t quite ready to […]

I have a few long term range setups on my radar for today and one of them looks like a big breakout. Here are the levels I’m watching closely: Looks like the range assist has held up really well here! EUR/AUD could be on course from here to test its range resistance at 1.5850 minor psychological level. Will it last? I’m getting mixed signals from […]

The yen rained pips earlier today. Can a short-term rebound keep USD/JPY from breaking a support level? Before we continue, yesterday’s watchlist from ICYMI looked at key GBP/AUD support level after Australia released its December jobs report. Be sure to check if it’s still a valid trade! And now for the headlines that have rocked the markets in recent trading sessions:   Fresh headlines and […]

Are you still on track to reach your trading goals? Are your trading systems living up to their back-and-forward testing potential? If you’re frustrated with your performance, don’t worry. You may be forgetting a few basic truths about trading. Let’s examine some truths that not many traders will tell you, but which will help you in your trading journey:   1. It takes money to […]

Mixed price action for financial markets this week but the overall theme seems to be one of ‘risk aversion’ as safe haven currencies have consistently outperformed the risk-taking majors. As usual in this environment, the Japanese Yen and Swiss Franc took the top spot versus the rest of the FX majors, while Crypto and Equities took a backseat gold.   Notable news and economic updates: […]