After touching the upper border of the price channel on 4-hour chart, USDCHF pulled back from 1.0624, taking price back to test 1.0461 key support, a...
USDCHF pulled back from 1.0624
Source: feedproxy.google.com
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French industry output data much worse than expected
French April industry output fell a hefty -1.4% m/m, much worse than expected, versus median forecast of -0.2%. Data has dented risk appetite a little, with EUR/USD falling back below 1.4100 to 1.4085 at writing. Cable is back below 1.6400 at...
Optimizing the trading system parameters: EUR/USD revisited
After important changes to the trading system optimization methodology, I am revisiting EUR/USD on the day scale. The USD/CAD and USD/CHF reports indicated that our range of trade entry parameter might not include the optimum, consequently the range is extended. As a result, much better performance...
Short Term Trade Idea - Long EUR/USD
In the below image, we put a EUR/USD 30 minute chart overlaid with our standard Bollinger Bands (”BB”). We see higher lows for...
JPY buying into the fix
As I wrote earlier, normally one sees USD buying and JPY selling on the 10th of the month but today we are seeing the opposite with JPY buying pushing the USD/JPY to a session low at 97.17 and EUR/JPY to 136.70. Not much in the way of bids until 96.60 in USD/JPY I’m told, but it is doubtful...
USD Rallies Following Non-Farm Payrolls
Source: ForexYard The USD posted gains across the board on Friday, following the release of a better than expected US Non-Farm Payrolls figure....