AUD, NZD, CAD Commodity Linked Currencies: Most majors have been range bound for the last month and some even longer then that. If you play support and resistance then your entries points are relatively defined. However, what do you trade when handles are in between S & R? The first assessments a trader should make [...]
USD/CAD: Since November 6th, amongst the G-10 the CAD has gained more than any other currency versus the greenback. The CAD has gained 2.71% through November 11th. We will present 2 reasons for this move. The Canadian Dollar lost the most amongst the G-10 in the weeks prior to November 6th. It began with the [...]
GBP/USD: Perspective is quite valuable regardless of what instrument or product you trade. Your forex trading style will vary when range trading versus trading in trending markets. The Chart below is a monthly candle on the GBPUSD. Notice the tight range the Pound has been trading in since the end of May. This is shown [...]
GBP/USD: The Pound has been range bound for some time. It is trading between 1.6650 and 1.61. Price action above or below those levels has lead to a number of false breakouts. Interestingly enough, if you draw a Fibonacci Retracement from the Pound’s high at 2.1160 in 2007 to the Pound’s low just below 1.35 [...]