USDCAD long term trade plan with 2,000+ pips of opportunity

USD/CAD has been making higher highs and higher lows since February 2011 on the monthly time frame. This year, the pair has been trading on an upward channel and price is currently at support zone of the channel, signifying that we should be waiting for a clear direction on the smaller time frames. On the […]...

EUR/USD 500 pip Trading Opportunity Over the Next Weeks

Hello again! This is Chris Ness, writing to you with what are my favorite trade setup for this upcoming couple weeks. Based off of the score carding process that I use at the core of my trading methodology, I believe that shorting EURUSD could be the best place to allocate money for short-term profit potential. So […]...

600 pip outlook for NZDUSD | Weekly Forex Analysis

Welcome back for another great trading setup for this week and next. Based off of the score carding process the Kiwi is at a -5 while the Dollar is a +4. I believe that shorting NZDUSD could be a high-quality trade to allocate your money. First, we want to determine the direction this pair is […]...

Why the UK Parliamentary Election Will Affect the Forex Market

Every time there is some change in any government, there will fundamentally be a ripple effect on the Forex market. The snap UK parliamentary election has just concluded, and the big question is, what does this mean for Forex and investments? Let’s take a look at what has happened with the pound over the last […]...

Breaking up or down? EUR/JPY could bring traders 400-800 pips

EUR/JPY – Will it break up or down?  EUR/JPY has recently made higher highs and higher lows and is currently seated on a consolidation range of about 160 pips, with long-term capital down A 132.281, B 115.482. Currently, the pair has reached the .618 Fibonacci retracement level, which leads to the D Fibonacci level at […]...

Using a Forex Volatility Indicator

One of the most challenging aspects of Forex trading for novices is dealing with the aspect of currency volatility. Currency volatility is defined as the measure of price variation in the Forex. There are a number of techniques to deal with both large and small price variations in currency pairs. Adjusting the Amount of Leverage […]...

What is Hedging?

Hedging is a common strategy in the financial markets. To hedge is to essentially reduce your exposure to adverse market movements, but hedging also provides some unique opportunities for profit as well. How does hedging work? One of the major reasons that have compelled businesses to hedge against price fluctuations is that they constantly face […]...

Scalping Bollinger Bands

There are many successful ways of trading the Forex markets. Some traders swing a trade where their anticipated hold times are from a day to a week plus. This requires having a wider stop and usually has less than a 50% win rate — and because of the wider stop, the trader must trade very […]...

FOMC Forex Forecast

Monetary policy is determined by the US Federal Reserve, through a branch known as the Federal Open Market Committee (FOMC). Those who trade in Forex have great anticipation of FOMC announcements, especially those pertaining to interest rates decisions. Since the last meeting held in March, there have been several indicators that can be used to […]...

Trade Update: GBP/JPY Set for Quick 300+ Pip Potential

Being a target trader I am naturally looking for points where we believe the market has reached a major support/resistance point and has just struck a D extension on the fib scale.    In my opinion, trading back from the D (or a “sweet spot” trade as my mentor the FX Chief™ has dubbed it) […]...

Forex Recap: EUR/JPY Poised for Major Price Correction

EUR/JPY is looking good! Currently, we’re looking for negative space to fill in the market on this Euro cross.  I don’t see any major announcements we need to be worried about this week that could shake this pair up. However, I have seen negative trade balance numbers, (in the case the Euro Central Bank), or […]...

Forex Recap: London Session March 16th, 2017

GBP The British pound traded mostly sideways during the London session on Thursday. Queen Elizabeth granted her Royal Assent to the Brexit Bill, giving Theresa May legal authority needed to continue with Brexit preparation. May is now officially authorized to trigger Article 50 of the TEU, starting the formal process for an actual Brexit. The […]...