Has the AUDUSD Trend Turned
Recent price action suggests that the AUDUSD may be developing a new trend. Today we will identify market direction using momentum analysis.
Recent price action suggests that the AUDUSD may be developing a new trend. Today we will identify market direction using momentum analysis.
Just like a car handles best on a well-defined road, many currency pairs will trace out a clean tradable path known as a price channel.
Price action breakouts can be a great way to take advantage of a market reversal. Once found traders can employ a breakout strategy for entries.
DailyFX’s Traits of Successful Traders research shows the Asia trading session to be the most profitable. Using the Relative Strength Index (RSI), we’ll show you how to time entries into the market.
Creating a Forex trading strategy does not have to be a difficult process. Today we will review a simple scalping strategy using the Stochastics indicator.
When you first consider trading the forex market, many things may seem overwhelming. But consider that you have more control than you think you do.
Strong versus weak analysis is a common method traders use to determine which currencies to trade. Using this analysis tip, we find the Japanese Yen changes 5 rankings lower to become one of the weakest currencies.
Forex traders wait every month for the volatility created through the NFP economic release. Today we will examine expectations for this Fridays NFP event.
Breakouts happen when emotions are running high in the market. Here are a few clear ways to see if the breakout may not follow through.
Analyzing your trades after closing the position helps you determine the effectiveness of your forex strategy. Determine your trading efficiency by measuring your intra-trade drawdown.