The persistent US government shutdown has generally kept a lid on runaway volatility across major forex pairs. Fortunately, traders still had some action this week — with a mini-rout in gold and an ...
The U.S. dollar continued losing ground today against most of the other majors, hitting its lowest level in more than a week on improving global risk appetite and rising commodity prices, which ...
After a well needed bounce from the price action exhaustion we had noted earlier last week, the Euro bounced ahead of the EU summit this weds. Although there was political posturing saying 'we need ...
Zan Kotnik is independent FX trader focusing on pure price action. Being passionate about the markets and economy he was also awarded by the European Central Bank and Bank of Slovenia in 2012. EUR/USD ...
Positive indicators out of Canada today, with PMI and Building Permits, while US saw indication nonfarm employment may come in better than expected. Stress tests on banks are known to be a bad joke ...
-- Buy the EUR/USD pair and set a take-profit at 1.1850. -- Add a stop-loss at 1.1685. -- Timeline: 1-3 days. Bearish view -- Sell the EUR/USD pair and set a take-profit at 1.1685. -- Add a stop-loss ...
I am going to comment on this pair from an Ichimoku and Price Action perspective. Ichimoku first. Although the pair is above the Kumo and Kijun, it has been sandwiched below the Tenkan for 8 days now.
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