This is an introductory video tutorial to the trending chart patterns. It explains how to detect a real trending chart patterns, their properties and also lists the most popular types of the chart patterns that can signal trends in Forex trading.
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I was on the Business News Network this afternoon talking about the impact of the EU Stress Tests on the euro. Enjoy! Click on the image to access the video
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This series of 5 Forex videos comprises a webinar on the topic of using the indicators in swing trading. This is a great webinar, which explains a lot about the swing trading in general — what characterizes this trading style, how it is done, etc. It also shows how an average Forex trader may successfully use swing trading with the help of the standard chart indicators.
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Some rather simple technical analysis of the AUD/USD, AUD/JPY and USD/CAD currency pairs. No indicators or any other chart objects, just a plain price action analysis.
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The U.S. dollar fell to a 7 month low against the Japanese Yen this morning following another barrage of weak economic data. Consumer prices fell, foreign inflows decreased and the UMich consumer confidence survey dropped to the lowest level since August 2009. On FX360.com, I talked incessantly in my daily report about how the data today was going to be weak and yesterday, I said USD/JPY was going to fall to at least 87. However now that it has broken below that point, the burning question on everyone’s minds is How Much Further Can it Fall?
My updated target is at least 85.00 - The currency pair’s 14 year low. When USD/JPY reaches that point, expect ...
This video presentation explains how and when to take profit on the profitable (winning) trades. Exiting positions at a right time is an important problem for all kinds of Forex traders, so I sincerely recommend watching this video to learn some useful tips about money management of the ”green” positions.
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Here are the top 3 things that could affect how currencies trade this week in order of importance:
1. U.S. Retail Sales Report
The most important event risk this week is the U.S. retail sales report. Concerns about the sustainability of the U.S. recovery and the degree of consumer spending has been one of the main reasons why investors have turned against the dollar. The market’s focus has shifted from the balance sheet problems in Europe to the disappointments in U.S. data. Recent reports show the housing market has taken a turn for the worse while manufacturing and service activity have slowed. Private sector payrolls continue to grow but the economy as a whole has ...
I was on the Canadian Broadcast Network last night talking about the outlook for the Chinese Yuan. Click on the image to access the video
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Risk is being bought this morning following not so dovish comments from ECB President Trichet and stronger than expected economic data.
Going into the ECB meeting, traders were worried that the Central Bank President would stress the need for ongoing liquidity measures to support the economy and the risks posed by balance sheet adjustments. However I said in yesterday’s post that no new announcements would be made before the stress test results are released because if the results effectively restore confidence, additional measures by the ECB may not be needed.
Trichet spent most of his press conference talking about the importance of the stress tests which is positive because it implies that they believe the stress tests will ...
I was on the Business News Network this morning explaining why currencies shrugged off the turn in equities. Click on the image to access the video:
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