In my morning forecast, I highlighted the 1.1004 level and planned to make trading decisions based on it. Let's review the 5-minute chart to analyze the developments. A decline followed by a false breakout at this level led to a buying opportunity,...
Commodity Channel Index Trading Strategy #2 _CCI Trend Following Strategy with Confirmation_ This strategy uses the Commodity Channel Index (CCI) to identify trends and enter trades in the direction of the trend, with additional confirmation from...
Today the EUR/GBP pair is experiencing some volatility following the result of UK GDP data , which came in 0.2% growth. This has put pressure on the British Pound, allowing the Euro to rally slightly. However, the overall outlook for the pair is...
The forex cycle line is a concept used in forex trading and technical analysis to help traders identify and predict potential price movements based on historical data and cyclical patterns. It integrates elements of cycle theory with technical...
The Australian dollar strengthened slightly on Thursday. AUD/USD rose 0.16% during the European session and was trading at 0.6684 at the time of writing. Australian inflation expectations fall to 4.4% Australian consumer inflation expectations fell...