AUD/NZD Continues to Rally
The AUD/NZD move to the upside is picking up steam.
The AUD/NZD move to the upside is picking up steam.
USD volatility has a lot of traders sitting on the Sidelines of the FX Market. I trade these situations a little differently; I look for cross-pairs that might have some tradable opportunities. Currently – I’m on EUR/CHF waiting for my entry.
A combination of GBP strength and continued USD weakness has resulted in a new 12-month high for the GBP/USD.
So what exactly does a strong trend look like?
Once again, the USD/CHF printed an all-time low.
Identifying and using support and resistance for entries and exits is a solid approach. Fibonacci retracements are one way to potentially identify those levels.
Another flight to safety by traders and another new all-time low for the USD/CHF.
Exactly what kind of trading information does the Doji provide?
The GBP/USD appears poised to move up to test the 1.6300 level.
Traders seeking relative safety have turned to the silver market.