Trades

The EURGBP is the major currency pair that has risen sharply this week. With the European Central Bank meeting next week, understanding the technical levels in action could open the door to trading opportunities.Technically too, market…

A common mistake traders make is trying to take too many positions at once. They believe that a higher number of deals will translate into a higher profit. "If you open positions in several pairs, one of them will win by a large…

Success does not come easily. There is no sure way to success, but I am sure no one has ever succeeded without taking responsibility for their actions. There are circumstances that occur beyond our control. But how you interact with…

NZDUSD is above the 100 hourly moving average and is testing the 200 hourly moving averageNZDUSD did not escape shorting the US dollar today. The pair is up 1.15% on the day (NZD high/US dollar low). At current levels, it is the largest…

The S&P is trading at new highs in 2023As the market nears closing for the week, month, and quarter, the S&P today extends to new highs for the year. The price extended above the June 16 high of 4448.47 to the intraday high of…

AUDUSD has moved above the 100-hour moving average of 0.66485. This is the first trade above this moving average since its low on June 20. The price also moved above the broken swing zone between 0.6637 and 0.6652. The area is now a…

Bitcoin (BTC) made a new 52-week high on June 23, which indicates that the bulls are on fire. Buyers managed to hold onto a large part of the gains made during the week, indicating that they are in no rush to lock in profits. Bitcoin is…

Investing.com - The US dollar rallied higher in early European trade on Tuesday, staying close to a two-month peak, as traders digested the prospect of a Fed rate hike as well as the passage of the US debt ceiling deal through…

I remember paying big bucks a couple of years ago for one of these giant motorized guys that gets you around and I call it an SUV. Oh boy, that sucker was huge! As I sat in my new (used) car, images of climbing mountains and traversing…

USD/JPY daily chartThe pair is up almost 190 pips today now, with a big jump from around 133.80 with the BoJ policy decision entering trading at 135.80 levels for now. This is the newly appointed Governor of the Bank of Japan, Kazuo Ueda's…