Forex Tips

The Russell 2000 is the most-interesting stock chart in the world

The Russell 2000 is up 1.0% today to a record high and it’s leading US major averages. The index is heavy on financials, industrials and consumer discretionary, which means it’s a much better barometer of the underlying US economy than the tech-heavy Nasdaq or (increasingly) S&P 500. There was a major double top in the index in 2022... [Read more of this article]

USDCAD technicals: USDCAD trades down and up but holds support. Buyers push.

The USDCAD has seen down and up price action today with the pair 1st moving above its 200 day moving average early in the session at 1.3960. The price failed on that break, leading to a rotation back to the downside, only to find support buyers against the rising 100 hour moving average (blue line on the chart below) currently at 1.3944. Finding... [Read more of this article]

USDCHF consolidates around a major trendline: traders await new catalysts for direction

Fundamental Overview The USD rise stalled last week as the US government shutdown delayed many key US economic reports. The dollar “repricing trade” needs strong US data to keep going, especially on the labour market side, so any hiccup on that front is likely to keep weighing on the greenback. The market pricing is now back to 46 bps of easing... [Read more of this article]

What are the main events for today?

It will likely be a very boring day today on the news front as we don’t have anything on the agenda and the US government shutdown continues. The whole week is pretty empty on the data front, and if the shutdown stretches into next week, even the US CPI could be held off. The markets will likely just keep on moving by inertia in absence of... [Read more of this article]

Channel Scalper M1-M15 MT4 Indicator

The Channel Scalper M1-M15 MT4 Indicator is built specifically for short-term chart traders. It creates a dynamic channel around price action, highlighting potential buy and sell zones. When the price touches the upper or lower band, the indicator signals possible reversals or trend continuations. Scalpers can then decide... [Read more of this article]

OIl prices have jumped on the smaller than expected OPEC output hike

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your... [Read more of this article]

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