www.fxtrainingzone.com EUR/USD long trade based on a morning doji start candle formation. Entry made on a MACD confirmation: – Morning doji star formation on the 4H, which is a strong bullish signal. – Price found support off the 8 EMA. – A higher low has formed on the 1H. – Old resistance on the daily [...]
The EUR/USD had been riding the 5 EMA on the longer timeframe charts throughout the day’s prior trading sessions. A bounce on the 21 EMA and subsequent 5/8 cross appeared just before the New York session began. Traders who took the entry at the 5 EMA enjoyed a quick ride to the 1.43 area — [...]
The EUR/USD simply fizzled today following the release of US durable goods orders news. Fortunately, the dollar yen had already been moving up during the prior sessions, and got its second wind in today’s New York session. After a conservative entry at the 5 ema following the break and re-test of the M4 pivot point, [...]
A rebound in the US dollar, in combination with increased pressure on the British Pound after the BOE’s MPC meeting minutes revealed an unexpected member in the dovish camp, weighed heavily on the GBP/USD during today’s New York session. The retracement to an overlap of a 38.2% retracement level and the 21 ema on the [...]
www.informedtrades.com A lesson on how the trade flows between different countries affect the value of their currencies for active traders and investors in the forex market.
Video Rating: 4 / 5
After a better than expected German IFO news event, and as expected Bank of England Meeting minutes, we spotted some 15 minute MACD/stochastic divergence playing out [...]