Breakouts: Risks, Downsides and Pitfalls
In our last article we looked at the breakout market condition while talking about the parameters around that. The breakout is the transitory state between a range or mean reversion and a fresh trend; but there’s a plethora of risk...
Breakout Ballistics in Trading and Analysis
An Introduction to Breakout Trading In our last section we looked into range-bound market conditions and mean-reversion strategies. As we shared, markets will either be trending or they won’t, and that pretty much denominates most of a market’s state. But,...
How to Trade Ranges
As we looked at in our previous article, the range market condition is often one of the more ignored conditions by new retail traders, and that’s generally due to the perception of capped potential. After all, if I’m trading a...
US Dollar Turns to Jobs Report for More Fuel
The latest US employment report will hit the markets at 12:30 GMT Friday. Forecasts and business surveys point to another solid report, although there are some signs that the labor market might be running into trouble. As for the dollar,...
USDJPY Wave Analysis
USDJPY reversed from support level 127.00 Likely to rise to resistance level 129.65 USDJPY recently reversed up from the key support level 127.00 (which stopped wave (ii) in April), intersecting with lower daily Bollinger Band and by the 50% Fibonacci...
GBP/USD: Pound Eases on Weak Data, Firmer Dollar
Cable holds in red on Tuesday, as dollar rose on month-end demand, while weaker than expected UK mortgage approvals data added to negative near-term tone. Traders also worry that soaring inflation may significantly hurt consumer demand that would further pressure...
Euro Dips Despite Record Inflation, Dollar Recovering
Euro is trading broadly lower today even though inflation high another record high. The common currency and European indexes are somewhat weighed down by EU’s decision to ban two-thirds of Russian oil imports immediately. Dollar is rebounding following some risk...
Euro Strength Accelerates ahead of EU Inflation Data
The euro continued rallying ahead of key economic data from the euro area. Eurostat will publish the flash consumer inflation data from the bloc. Analysts expect the data to show that the headline CPI rose from 7.4% to 7.7%, which...
AUDUSD’s Sturdy Two-Week Rally Tries to Keep Pace
AUDUSD is starting to ease from the upper Bollinger band that is around the 0.7200 hurdle, after recent price action, which was glued to the upper Bollinger band, hiked the price above the falling 200-period simple moving average (SMA). The...
NZ Dollar Shines as US Dollar Retreats
The New Zealand dollar continues to take advantage of US dollar weakness. NZD/USD posted sharp gains last week, climbing 2.01%. Will Business Confidence improve? The week kicks off with ANZ Business Confidence, which has been in deep-freeze for months. The...