After breaking below the lower border of the price channel on 4-hour chart, USDCHF dropped sharply from 1.0785, suggesting that a cycle top had been...
USDCHF dropped sharply from 1.0785
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USD/JPY Blocked by our 3rd Tier Downtrend Line
By Fast Brokers - The USD/JPY continues to hit a brick wall at our 3rd tier downtrend line, revealing the significance of...
Kelly position sizing with a fixed stop-loss; dangers of tight stop-loss
The main conclusion of the previous article was that a strategy with a position size distributed proportionally to the Kelly Criterion was found to be more attractive than the strategy were potential stop-loss would be distributed according to Kelly. A way to implement such a better strategy was...
Yen is too high for Japan economy now - Opposition
Japan’s main opposition finance spokesman Masaharu Nakagawa has been interviewed by reuters. Asked whether the current USD/JPY level just below 100 was in line with Japan’s economic conditions, the official answered “I think it is too high (the yen)”, adding “It is...
Japanese current account surplus -54.5% YoY
The expectation for the April c/a was for -39% but as usual these figures have had little or no effect on the FX market, at least in the short term. When the market steps back and analyses data such as this, it will think twice about buying JPY in the current environment. If the only reason to be...
EURJPY Daily Outlook - EUR/JPY, By Action Forex
Read The Latest Forex Analysis By Action Forex : EURJPY Daily Outlook. http://www.forexpros.com -...