Feb 24 2:09pm BabyPips.com
We here at BabyPips.com have always stressed the importance of deliberate practice to improve your forex skills. Let’s take a look at 4 possible factors that could sabotage your process. Continue reading → The post 4 Enemies of Deliberate Practice appeared first on BabyPips.com.
Feb 24 12:27pm Vladimir Ribakov
FOREX TRADING – GOAL SETTING & PLANNING FOR PROFITABILITY 2017. You are convinced that you have great chances of earning through Forex, even to make a living from the markets, but a potential trader must set reasonable goals in forex profit. If you want to become a professional trader, you must come up with a trading plan to reach your forex goals. With a good plan, a trader can successfully manage his trades and take profit systematically. Keep in mind that in Forex trading there are no strict rules and that everything is possible. So, you have to make your The post FOREX TRADING – GOAL SETTING & PLANNING FOR PROFITABILITY 2017. appeared first on Vladimir Ribakov.
Feb 24 12:00pm Forex Crunch
EUR/USD had a relatively balanced week, dipping to the downside but never going too far. The upcoming week is packed with PMI data, inflation figures and more. Will the pair move decidedly to one direction or another? Here is an outlook for the highlights of this week and an updated technical analysis for EUR/USD. Euro-zone data was [...] The post EUR/USD Forecast Feb. 27 – Mar. 3 appeared first on Forex Crunch.
Feb 24 11:23am Forex Blog
EUR/USD rallied today but has lost all its gains by now. The currency pair attempted to rally after US new home sales missed expectations, but the rally was extremely short-lived. New home sales were at the seasonally adjusted annual rate of 555k in January. The reading was higher than …...
Feb 24 10:55am Forex Crunch
Durable Goods Orders, GDP data from the US, Australia, and Canada, US Consumer Confidence, Manufacturing PMI, Crude Oil Inventories, Unemployment Claims and rate decision in Canada. These are the main events on forex calendar. Join us as we explore the market movers of this week. Last week the Fed released its policy meeting minutes from [...] The post Forex Weekly Outlook Feb 27-Mar 3 appeared first on Forex Crunch.
Feb 24 10:27am RTT - Forex Top Story
Consumer sentiment in the U.S. pulled back by less than initially estimated in the month of February, according to a report released by the University of Michigan on Friday. The report said the consumer sentiment index for February was upwardly revised to 96.3 from a preliminary reading of 95.7.
Feb 24 10:16am RTT - Forex Top Story
After reporting a steep drop in U.S. new home sales in the previous month, the Commerce Department released a report on Friday showing that new home sales rebounded in the month of January. The report said new home sales climbed by 3.7 percent to an annual rate of 555,000.
Feb 24 6:53am Vladimir Ribakov
Weekly Summary February 24th 2017 is here. The fourth trading week of February is near its end. It is now time to recap and summarize the trade setups that we had. Below you will find the short explanation of all setups that we had this week. AUDNZD – We got the extra confirmation, and depending on your entry, you should have already collected the first target. Stop loss is currently at break even (we always move the stop loss to break even after the first target) and we are holding the position for target 2. EURGBP – We got the The post Weekly Summary February 24th 2017 appeared first on Vladimir Ribakov.
Feb 24 6:52am Vladimir Ribakov
Hi Traders, One more technical analysis post on EURUSD as requested by many readers. EURUSD D1 Chart First thing that makes impression is the 3 support zone lines (orange) that are pretty close to each other. What does that tells us? – There is a strong level here which as we can see is being respected. Cycles are confirming that theory as we are currently standing at the bottom of a range. The strong reaction and bullish momentum since beginning of January is the first sign that we might the euro going up to 1.14-15 zone again. It should be pointed The post EURUSD Technical Analysis appeared first on Vladimir Ribakov.
Feb 24 6:14am Forex Crunch
EUR/USD has not always provided the “correct” reaction to economic data releases. What does it mean? The team at ANZ provides some answers: Here is their view, courtesy of eFXnews: The response in currency markets to data releases over the past week has been instructive in that it has been counterintuitive. In the wake of [...] The post EUR/USD: Oscillating Amid Counterintuitive Reaction To Data; Positioning Key Driver – ANZ appeared first on Forex Crunch.
Feb 24 5:50am Vladimir Ribakov
Hi Traders, Week is almost over and here are some general analysis on the USDCHF. This week didn’t provide many opportunities but there is always another week, right? USDCHF H4 Chart We saw the price pushing upwards after it found bottom in the beginning of February. The resistance zone around 1.01 was tested twice already creating higher highs. Currently it is trading below it and we might expect to find support near the dynamic channels and the up trend line which is not far away. If it bounces off of this level we might expect to see 1.01 again and The post USDCHF Technical Analysis appeared first on Vladimir Ribakov.
Feb 24 5:48am Forex Crunch
Crude OIL The bounce on crude oil from 53.36 appears to be a strong move with five subwaves. As such, we think it’s an impulse which can send oil prices much higher in the sessions ahead. This can be seen after a three wave retracement now back to 53.90/54.00 area from where a new leg [...] The post Elliott Wave Analysis: Crude OIL and GOLD appeared first on Forex Crunch.
Feb 24 5:39am RTT - Currency Markets
The British pound weakened against the other major currencies in the early European session on Friday, as European stock markets fell after media reports suggested that U.S. President Donald Trump may not take action on his proposed $550 billion infrastructure promise until 2018.
Feb 24 5:05am BabyPips.com
Back in 2014, Scotland has voted “remain” in a U.K. referendum. Has Brexit changed the Scots’ minds? More importantly, will it lead to another Scottish referendum anytime soon? Continue reading → The post Will Brexit Encourage Another Scottish Referendum? appeared first on BabyPips.com.
Feb 24 4:22am Forex.Info
Yesterday the Dollar had a bad day and weakened against most major currencies, after the release of weak Employment data and after the minutes from the FED’s meeting failed to send a clear message as to the future... The post Bullet Report: GOLD at 3 month Highs appeared first on Forex.Info.
Feb 24 3:25am Forex Crunch
EURUSD intra-day analysis EURUSD (1.0588): EURUSD has so far managed to bounce of the support level at 1.0500 and having cleared 1.0555, the single currency will most likely target 1.0600 resistance level which also marks the previous support level that held prior to the break down following the bearish flag pattern. Only a close [...] The post EURUSD, GBPUSD and XAUUSD TA – February 24 2017 appeared first on Forex Crunch.
Feb 24 2:01am Forex.Info
Welcome to the easyMarkets weekly review where we look back over the results of some of the previous week’s economic indicators. It gives us the chance to reflect on how much expectations were met or missed and to... The post Friday 24-02-2017 Lookback appeared first on Forex.Info.
Feb 24 2:00am Forex Crunch
The euro moves by the winds of the French opinion polls. What’s next? Here is their view, courtesy of eFXnews: EUR/USD got a lift from Francois Bayrou’s decision to ally himself with Emmanuel Macron rather than stand in the French presidential contest himself. That’s lifted the Oddschecker odds of a Macron victory back up to 39\% [...] The post EUR: Twists & Turns In French Elections; EUR/USD Remains A S/T Sell – SocGen appeared first on Forex Crunch.
Feb 24 1:38am BabyPips.com
Ho hum. It was a directionless trading session for forex traders, as a lack of fresh catalysts inspired market players to cherry pick their positions. Continue reading → The post Asian Session Forex Recap – Feb. 24, 2017 appeared first on BabyPips.com.
Feb 23 11:15pm Forex.Info
It wasn’t so long ago that Barack Obama insisted Donald Trump will not be the next President of the United States. His reason was because he had “a lot of faith in the American people,” and that “being... The post Impact of Trump’s Trade Proposals on the Financial Markets appeared first on Forex.Info.
Feb 23 11:00pm BabyPips.com
Hey forex folks, I'm pleased to announce that the Inside Bar Momentum Strategy caught a couple of winning trades in the past few days! If this is the first time you're reading about this, I suggest you take a look at the system rules first. Continue reading → The post Forex System Update: Inside Bar Momentum Strategy (Feb. 17-24, 2017) appeared first on BabyPips.com.
Feb 23 8:55pm BabyPips.com
I'm keeping it simple with this AUD/NZD long-term range resistance bounce off 1.0700. Think it's got enough bearish momentum to head back to the bottom? Continue reading → The post Trade Idea: AUD/NZD Simple Range Setup appeared first on BabyPips.com.
Feb 23 6:51pm FXTechstrategy
Paulo breathed a heavy sigh as he thought about the next day’s preparation. He was still attempting to recover from today’s session, which was emotionally whipping him as my grandfather used to say, “like he stole something!” He felt fragmented and frustrated, and he knew that his research and preparation for tomorrow’s trading was crucial. Paulo also knew that his state of mindContinue reading...
Feb 23 4:50pm Forex Crunch
The Australian dollar is relatively stable, with AUD/USD hugging the 0.76 handle. How long can this last? Here is their view, courtesy of eFXnews: Significant AUD downside has started to look more like a tail risk than a central forecast. Commodity prices have risen more than anticipated, liquidity remains ample and volatility is expected to [...] The post AUD: A Buy On Dips; We Stay Long AUD/USD Targeting 0.78 – ANZ appeared first on Forex Crunch.
Feb 23 2:34pm BabyPips.com
Since putting on my short position in GBP/NZD, my fundamental bias & the technicals have changed enough to close out. Here's a quick forex trade review. Continue reading → The post Trade Review: GBP/NZD Falling Trendline Retest appeared first on BabyPips.com.
Feb 23 11:59am Forex Blog
EUR/USD rallied today for the second day in a row. The current trading session was light on economic data, therefore it was not the reason for the rally. The likely reason was the comments from US Treasury Secretary Steven Mnuchin about the planned tax cuts and other reforms. US President Donald Trump…...
Feb 23 9:02am RTT - Forex Top Story
First-time claims for U.S. unemployment benefits saw a modest increase in the week ended February 18th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims rose to 244,000, an increase of 6,000 from the previous week's revised level of 238,000.
Feb 23 8:54am Forex Crunch
After the upbeat FOMC meeting minutes failed to boost the greenback, a second wave of selling is seen in the following US session. The release of the weekly jobles claims seems to serve as an excuse or the trigger for a bit more of selling off. Weekly unemployment claims stood on 244K, very marginally worse than [...] The post Donald Disillusion: Dollar sells off across the board appeared first on Forex Crunch.
Feb 23 8:23am Vladimir Ribakov
Hi Traders, I will put my focus on this intraday EURGBP buy opportunity that is being formed at the moment. So let’s go over the idea and the analysis behind this setup. A great magnet zone was spotted on the h4 chart and the price bounced really good from it. Divergence is there for both cycles independently from the MACD MAs which is confirming for us that the cycles are completed: EURGBP H4 Chart EURGBP H1 Chart On the H1 chart, we saw a trend line breakout with a bearish cycle being completed as well. I’m now expecting a The post Intraday EURGBP long setup appeared first on Vladimir Ribakov.
Feb 23 7:02am FXTechstrategy
AUDUSD. The pair continues to retain its upside pressure as it looks to resume its medium term uptrend. On the downside, support resides at the 0.7650 level where a breach will aim at the 0.7600 level. Below that level will set the stage for a run at the 0.7550 level with a cut through here targeting further downside pressure towards the 0.7500 level.Continue reading...
Feb 23 6:31am RTT - Forex Top Story
Germany's economic growth accelerated, as initially estimated in the fourth quarter on robust domestic demand. However, a consumer confidence survey signaled a slowdown in spending this year as rising inflation and changes in the U.S. administration weigh on income and economic expectations. Gross domestic product grew 0.4 percent sequentially in the fourth quarter.
Feb 23 6:16am Forex Crunch
EURGBP EURGBP made a turn with small five waves up, labeled as wave a), so more upside can be seen after a wave b) set-back. But keep in mind that a higher degree trend is down still, so any bounce in three waves can be temporary and part of a bearish structure. EURGBP, 1H EURJPY [...] The post Elliott Wave Analysis: EURGBP and EURJPY appeared first on Forex Crunch.
Feb 23 4:43am Forex Crunch
The FOMC meeting minutes were relatively upbeat, seeing the glass half full regarding the economy, but the dollar failed to rally. When will we see the next hike? Here are three opinions: Here is their view, courtesy of eFXnews: FOMC Minutes: We Still See 2 Hikes In June And December – Danske As expected, we did not [...] The post FOMC Minutes and the next rate hike – 3 opinions appeared first on Forex Crunch.
Feb 23 4:30am BabyPips.com
Hello, forex friends! The minutes of the Fed's February huddle got released yesterday. And if you somehow missed it, then here are the key highlights from the meeting minutes that you need to know about, as well as the Greenback's reaction. Continue reading → The post 3 Highlights from the February FOMC Minutes appeared first on BabyPips.com.
Feb 23 3:27am Forex Crunch
EUR/USD is getting used to a lower range, around 1.05. Can it fall even further? Here is the view from TD: Here is their view, courtesy of eFXnews: In Europe, the focus remains on the French elections. Indeed, the EUR is largely ignoring the pickup in Feb PMIs given the news that Le Pen continues to inch [...] The post EUR: Staying Tactically Short For Next 2 Month Targeting A Retest Of 1.0340 – TD appeared first on Forex Crunch.
Feb 23 2:57am Forex Crunch
EURUSD intra-day analysis EURUSD (1.0568): EURUSD closed bullish yesterday after briefly falling to intraday lows of 1.0500 before attempting to pull back higher on the day. The 4-hour chart shows a possible descending wedge pattern that is evolving, which could mean that another decline is possible towards 1.0533, the lows from February 15. A [...] The post EURUSD, XAUUSD and USDJPY TA – February 23 2017 appeared first on Forex Crunch.
Feb 23 1:43am RTT - Currency Markets
The Australian dollar weakened against other major currencies in the Asian session on Thursday, after data showed that the private capital expenditure in Australia dropped unexpectedly on quarter in the fourth quarter of 2016.
Feb 23 12:59am RTT - Forex Top Story
Revised quarterly national accounts and consumer sentiment from Germany are due on Thursday, headlining a light day for the European economic news.
Feb 23 12:06am BabyPips.com
A lack of economic catalysts turned forex players' attention to Australia's CAPEX report and the Fed's latest meeting minutes. Which currency do you think was the biggest mover during the session? Continue reading → The post Asian Session Forex Recap – Feb. 23, 2017 appeared first on BabyPips.com.
Feb 22 11:09pm Forex.Info
Earlier this month, Marine Le Pen officially launched her presidential campaign in France by vowing to fight back against globalization and securing France’s borders. The leader of the far-right Front National party plans to accomplish this by holding... The post Le Pen Pushes Frexit Agenda in Her Bid for French Presidency appeared first on Forex.Info.
Feb 22 11:05pm Forex.Info
The British pound has rebounded over the past week, but volatility may be set to continue as Prime Minister Theresa May signals for a hard exit from the European Union. It has been a wild month for pound... The post Pound Sterling Options May Signal Further Volatility Amid Brexit Risk appeared first on Forex.Info.
Feb 22 9:30pm BabyPips.com
With all the political and financial uncertainty in the euro zone these days, I can't help but look at another potential short EUR position. Here's a neat technical setup I'm seeing on EUR/JPY. Continue reading → The post Trade Idea: EUR/JPY Bearish Momentum appeared first on BabyPips.com.
Feb 22 6:14pm FXTechstrategy
I can’t think of anyone who would not like to have a fun time full of raucous laughter; and that goes for traders. In fact, having fun is normally an objective for most individuals. It is a reason why people work so hard; that is, to have some time where they can relax without care and interact with family, friends or even strangers.Continue reading...
Feb 22 3:23pm Forex Blog
EUR/USD fell intraday during the Wednesday’s trading session but bounced later due to subsiding concerns about the outcome of the French presidential elections and positive macroeconomic data from the eurozone. The Federal Open Market Committee released hawkish minutes of its January-February policy meeting, yet the currency pair reacted to that …...
Feb 22 2:43pm Forex Crunch
The Canadian dollar has many forces moving it around. What’s next? Here is their view, courtesy of eFXnews: The Canadian economy’s close dependence on the US and oil industries means the ‘loonie’ has been highly vulnerable to political events regarding Trump’s presidency and OPEC’s oil supply freeze. Our call for a near-term stronger USD should [...] The post USD/CAD: Higher N-Term, Before Lower: Where To Target? – Danske appeared first on Forex Crunch.
Feb 22 2:21pm Forex Crunch
The Federal Reserve opens the door to rate hike in March by saying it can happen “fairly soon”. This is data-dependent and not a commitment. Nevertheless, the members of the FOMC are relatively positive. The document joins public appearances by Fed officials such as Harker and Powell which say that March is on the cards outright. Nevertheless, the [...] The post US dollar unable to rally despite upbeat minutes appeared first on Forex Crunch.
Feb 22 2:10pm BabyPips.com
Whether it’s in sports, a career, or life in general, I think very few people understand the amount of dedication that successful people have to achieve what they accomplished. Continue reading → The post Being Successful at Forex Trading Requires Dedication appeared first on BabyPips.com.
Feb 22 12:11pm BabyPips.com
Unfortunately I didn't get any valid signals today which forced me on the sidelines. See how it all went down in today's Cowabunga Surf Report. Continue reading → The post Cowabunga System Daily Update: Wednesday, 02/22/2017 appeared first on BabyPips.com.
Feb 22 10:32am RTT - Forex Top Story
After reporting a drop in U.S. existing home sales in the previous month, the National Association of Realtors released a report on Wednesday showing that existing home sales rebounded by more than expected in the month of January. NAR said existing home sales surged up by 3.3 percent to an annual rate of 5.69 million.
Feb 22 8:31am Forex.Info
Video Script: Discover trading SP500 (Standard and Poor 500) The buzz and excitement of the stock market, where fortunes can be made and lost. High profile traders look for opportunities to spread their portfolio across a broad spectrum... The post Discover: SP500 appeared first on Forex.Info.
Feb 22 7:42am RTT - Forex Top Story
German business confidence unexpectedly improved in February on an upbeat assessment of the current economic situation and greater optimism for the future, adding to evidence that suggests growth is gaining momentum in the biggest euro area economy.
Feb 22 7:29am RTT - Forex Top Story
The UK economy expanded more than initially estimated in the fourth quarter of 2016 on manufacturing activity, but the overall growth for the year slowed down due to weak stock-building. Gross domestic product advanced 0.7 percent sequentially in the fourth quarter, slightly faster than the 0.6 percent growth estimated on January 26.
Feb 22 7:16am Vladimir Ribakov
Crude Oil Technical Analysis is here: Crude Oil W1 Chart: After the breakout of the W1 head and shoulders neckline, the price got stuck in a range but still keeping its bullish pressure as it sits above the action zone. Crude Oil W1 Chart: The projection of this head and shoulders target takes us to around 78.00 – 79.00 zone. On the other hand there is a bullish cycle which has reached the first important level and there is bearish divergence already. In other words – bearish move towards 44.00 zone is absolutely possible at this stage. Dropping lower to The post Crude Oil Technical Analysis appeared first on Vladimir Ribakov.
Feb 22 6:50am BabyPips.com
G'day, forex mates! As you may or may not know, the Aussie has been trending broadly higher since the end of December 2016, shrugging off any disappointing economic reports that were thrown in its way. What's up with that? Well, here the 3 major factors that have helped in sustaining the Aussie's broad-based upward push. Continue reading → The post 3 Factors That Have Kept The Aussie Afloat appeared first on BabyPips.com.
Feb 22 6:25am Vladimir Ribakov
I’m following this AUDNZD intraday sell setup that has formed. This pair has reached a very strong resistance zone – W1 near the top of the range and H4 cycle which appears to be over. AUDNZD M15 Chart: The most recent up trend line was broken but to get extra confirmation I want to see 1.0710 broken down as well. Then and only then look for small pullbacks and go short. Protection: Above the last high Target 1 – Twice the SL Target 2 – 1.0585 Yours, Vladimir The post Good AUDNZD Intraday Sell Idea appeared first on Vladimir Ribakov.
Feb 22 6:12am Forex Crunch
The US dollar is reasserting itself. What’s next? The team at BNP Paribas sees big levels. Here is their view, courtesy of eFXnews: BNP Paribas has made some adjustments to its G10 FX forecasts in tandem with its economics team’s quarterly forecast revision process. “The most significant change to our economic forecasts this quarter is [...] The post EUR/USD: En-Route To Parity; USD/JPY En-Route To 128 – BNPP appeared first on Forex Crunch.
Feb 22 5:45am FXTechstrategy
EURUSD: With the pair continuing to weaken further on Wednesday, more decline is likely in the days ahead. On the upside, resistance comes in at 1.0550 level with a cut through here opening the door for more upside towards the 1.0600 level. Further up, resistance lies at the 1.0650 level where a break will expose the 1.0600 level. Conversely, support lies at theContinue reading...
Feb 22 5:40am Forex Crunch
GOLD Gold turned nicely up last week from our highlighted Fib. levels where metal shows swing of a completed a)-b)-c) set-back. Notice that the price turned up very sharply and took out the upper channel line as well which is an indication for more upside in the sessions ahead. That said, we think that gold [...] The post Elliott Wave Analysis: GOLD and GBPJPY appeared first on Forex Crunch.
Feb 22 4:38am Forex.Info
The Dollar is strong again, as comments from a FED member supported the view that a March hike is possible. The comments came after Fed Chair Janet Yellen said last week that a rate increase would be appropriate at one... The post Bullet Report: EURUSD Testing 1.05. Dollar keeps rising appeared first on Forex.Info.