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Who's to play Simple Undo today? I've got the GBP/AUD textbook correction setup on my radar! If you think that the trend is still our friend in this pair, you'd better keep an eye on these potential support areas on the short-term…

Gold price forecast:gold prices It was quiet Wednesday after Fed Chairman Powell indicated the central bank plans to walk two more times this year.Factoring in the recent weakness, the precious metal fell more than 2.5% in June, nearing…

Australia just printed weaker-than-expected inflation data, dampening hopes of an RBA hike next month. Could this trigger a triangle breakdown for AUD/JPY? On the hourly timeframe below, you can see that the pair has formed lower tops and…

Who's ready to trade the Canadian CPI release later today? If you are hoping for a breakout, this CAD/JPY chart pattern is worth watching. On the hourly chart below, you can see that the pair has formed slightly higher lows and higher…

Both the US and Canada have inflation updates coming this week, so I look forward to that continued trend in USD/CAD. Could we see a quick move in the opposite direction before the big reports are printed? The pair is currently moving…

It's been another busy week for forex strategies with the best catalysts of all time forex calendar. It's been another powerful week for our strategies as arguably three out of four supported fundamental/technical ideas are moving in our…

USD/JPY is making higher highs slowly but surely! I don't know if you've noticed, but USD/JPY recently broke out of a weeks-old consolidation level before making higher highs and higher lows on the 1-hour time frame. why not? Expecting…

GBP/USD turns bearish after UK inflation data comes out today! In case you missed it, the UK's annual rate of inflation came in at 8.7% in May, unchanged from the April rate but above expected consumer price growth of 8.4%. It also marks…

As you can see, AUD/JPY has been rejected from the 97.50 area and is now trading 100 pips lower at the 96.50 area. This is probably the most favorable decline for the pair since it took off from 90.50 at the beginning of the month! What…

Of our four forex strategy discussions this week, three were highly effective with proper risk management as our strategists did a great job navigating around a busy agenda with first-rate events. Jump in to see how it all went down…