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In times like this where we have to deal with home office, homeschooling, childcare, and challenging markets at the same time I'm more than grateful and really thrilled about the awesome support and cooperative spirit in our wonderful trading chat group...
The US dollar index shortly fell below the 99 mark on Tuesday. But if the equity markets are hit by a renewed wave of a global sell-off, the US dollar will certainly be the first destination to welcome the freed cash...
US stock indices reversed earlier gains in New York and closed Tuesday’s session in the negative territory. The Dow fell 1.84%, as the S&P500 and Nasdaq gave back 1.60% and 0.95% on news that the number cases in New York surpassed Wuhan, signaling that the US is not out of the woods just yet...
Pivot (invalidation): 20.95 Our preference Short positions below 20.95 with targets at 20.00 & 19.25 in extension. Alternative scenario...
Pivot (invalidation): 14.1500 Our preference Short positions below 14.1500 with targets at 13.8900 & 13.7900 in extension. Alternative scenario...
Pivot (invalidation): 1595.00 Our preference Short positions below 1595.00 with targets at 1566.00 & 1558.00 in extension. Alternative scenario...
Pivot (invalidation): 2638.00 Our preference Short positions below 2638.00 with targets at 2530.00 & 2460.00 in extension. Alternative scenario...
Pivot (invalidation): 9453.00 Our preference Long positions above 9453.00 with targets at 10117.00 & 10770.00 in extension. Alternative scenario...
Pivot (invalidation): 6.5880 Our preference Long positions above 6.5880 with targets at 6.6350 & 6.6600 in extension. Alternative scenario...
Pivot (invalidation): 0.6080 Our preference Long positions above 0.6080 with targets at 0.6160 & 0.6210 in extension. Alternative scenario...
Pivot (invalidation): 1.4060 Our preference Long positions above 1.4060 with targets at 1.4135 & 1.4175 in extension. Alternative scenario...
Pivot (invalidation): 0.9640 Our preference Short positions below 0.9640 with targets at 0.9590 & 0.9570 in extension. Alternative scenario...
Pivot (invalidation): 108.10 Our preference Short positions below 108.10 with targets at 107.25 & 106.90 in extension. Alternative scenario...
Pivot (invalidation): 1.2355 Our preference Long positions above 1.2355 with targets at 1.2440 & 1.2480 in extension. Alternative scenario...
Pivot (invalidation): 1.0995 Our preference Long positions above 1.0995 with targets at 1.1055 & 1.1105 in extension. Alternative scenario...
GBPUSD looks to strengthen further as it holds onto its upside pressure. Support stands at 1.2400 area with a break below that level turning focus to the 1.2350 level. Further down, support lies at the 1.2300 level where a violation will turn focus to the 1.2250 level...
Because of the COVID-19 coronavirus pandemic, the crypto market, Forex, and exchanges are all going down. "This is a great time to make a profit! Go to quarantine, stay at home and ... earn...
Today I'd like to talk about a correlation that is absolutely essential when it comes to trading Forex successfully. Let's start with a trade example we've spotted this morning on AUDCAD As you can see it's been the perfect setup...