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Risk aversion dominates the morning session
EUR/JPY has fallen almost 100 pips from it’s NY closing level as events in Iran and North Korea remind the market that we are really only one big event away from a significant hiccup in the worldwide economic recovery. Risk aversion has been the name of the game, with both the JPY and CHF...
USDJPY’s fall extended to 88.57
USDJPY stays in a falling price channel and remains in downward movement from 93.75. Another fall is still possible next week and...
Update on my LMT Forex Formula trade
Greetings fellow traders. A few days back I made a post (over here) announcing with joy that the LMT forex formula system has finally signaled an entry. The entry was a buy EUR/USD at 1.3873 on the H4 chart. Well, I’m glad to report that my position has hit take profit for a total of 251...
Volatility Analysis: EUR/USD
[Click on the graph above for a larger version] One of your most important indicators for trading the Forex market is the clock. Knowing how to trade — using technical and fundamental analysis, managing risk, adopting a trader’s mindset — is critical, but your effectiveness as a...
EUR and USD in Struggle for Dominance
By ForexYard - With the recent volatility in the forex market, one currency pair seems to stand out: the EUR/USD. This...