Currency Strength Meter: 26th July Become a member The currency strength meter shows us that the JPY is the strongest currency however it is in a reversal zone and with the recent rally in the stock market we could see the JPY start to weaken. The USD also remains high on the strength meter however […]
In this video update, we discuss the potential for EURCHF to move higher after the daily timeframe found support at the key weekly level. The bullish engulfing candle on the daily timeframe suggests we could see a retracement on that timeframe. Follow the link above to learn how we entered the market and why…
NZDJPY is on our watchlist again this week after the market risk-off sentiment continued. The recent outbreak of the coronavirus has seen investors rush to safe-havens with JPY benefitting. Looking at the 4hr timeframe we can see the price is finding support at the key 7135.00 zones. If the price bounces here we can expect […]
In this latest forex chart of the day video, we discuss a current NZDUSD long position we have in the markets, why we traded it and how we are managing the position. We used the trade finder indicator to spot the 4hr opportunity as the price re-tested a daily area of support.
In this video update, we take you through a live GBPUSD forex trade, how we managed the trade and why we closed the trade for a profit.
In this video update, we discuss the reasoning why we see EURUSD moving lower and how we entered a short position in line with this bias. The price formed a double top on the 1hr timeframe with slight divergence adding confluence to the move lower pointed out by the ‘trade finder’.