A USDJPY Update From the Savvy Trader In an article entitled A Bold Prediction for USDJPY I listed a series of forum posts from one of our long-time and highly respected Global-View community members, whom I called...
Weekly Charts Analysis USDJPY DAILY CHART – Time to take a breather? USDJPY pattern is 5 down weeks in a row. To break this pattern, 147.90 would need to be broken. Otherwise, there could be an inside week....
Newsquawk.com Week Ahead12th-16th August 2024: Highlights include US CPI and Retail Sales; UK CPI, Jobs and Retail Sales; Aussie Jobs; RBNZ; China activity data and Japan GDP MON: OPEC Monthly Oil Market Report; Japanese Market Holiday (Mountain...
Forex Trading Glossary – L Lag The number of bars that an indicator trails the current price. For example, a moving average will peak by a number of periods after the market price peaks. This period is...
Forex Trading Glossary I-K Importers/Exporters Produce a regular flow of trading volume in the FX market. Impulse Wave (Elliott Wave) Impulse waves are those that define the main direction of the trending move. They are...
The Market Isn’t Your Enemy One of my favorite articles I wrote as a warning to all traders is entitled, The Market Isn’t Your Enemy and it is worth repeating in the current market. I posted this (see...
Forex Trading Glossary G-H Gann’s Square of 9 Originated by W. D. Gann, the square is constructed by spiraling numbers outwards from “one” in an anti-clockwise direction. The first completed spiral is achieved by the number “9”...
Weekly Charts Analysis XAUUSD –Gold Weekly Chart Supports : 2415.00 , 2390.00 & 2295.00 Resistances : 2485.00 , 2525.00 & 2615.00 Gold is in a Very Bullish Formation, but needs to take out the previous High to avoid...
Weekly charts Aug 3. USDJPY WEEKLY CHART – WEEKLY OUTLOOK It took 18 weeks to go from 145.89 => 161.93 and 4 weeks to almost fully retrace the move. Potential targets are at 145.89 (and 145.00) as...
Newsquawk.com Week Ahead 5th-9th August: Highlights include ISM Services PMI, RBA, BoJ SoO, BoC Minutes, and Chinese inflation MON: Canadian Market Holiday (Civic Day), Chinese Caixin Services PMI Final (Jul), UK/EZ/US Services & Composite PMI Final (Jul),...
Forex Trading Glossary E-F Economic Indicator Measures the strength or weakness of all or part of a country’s economy. EMA See Exponential Moving Average Engulfing – Bullish and Bearish (Candlestick Reversal Pattern) The first bar of the...