TVC:GOLD Gold prices (XAU/USD) remain at an intraday low near 1,960$ as it falls for the second day in a row while reversing Friday's corrective rally early Tuesday in Europe. In doing so, the precious metal bears the weight of a firmer US Dollar ahead of the first readings of the Purchasing Managers' Index (PMI) for May from leading economies including the...
TVC:GOLD Gold (XAU/USD) prices wound up at a three-week low, raising bids to print a slight gain around $80 in the early hours of today's Asian session. In doing so, the XAU/USD bears will get some steam after falling for the past two consecutive days due to the lack of key data/events. Even so, expectations about the US being able to ease its debt limit and join...
EUR/JPY is heading towards the neck and shoulder line after the cross broke out of the 20-day Exponential Moving Average (EMA) at 147.68. However, it still hesitates to achieve a decisive breakout that could invalidate the pattern. As the Asian session begins, EUR/JPY is trading around 147.95, down 0.06%. EUR/JPY remains skewed to neutral, although in the near...
OANDA:EURUSD EUR/USD probes the boundaries of the 1.0910 barrier amid further downside correction in greenback and general improvement in sentiment around risk-related universe. Indeed, the pair picked up pace and further extended the rally from recent lows near 1.0855 despite sharp declines in US and German yields so far, while expectations of a temporary...
Day Trading - Only Strong Trend Days (Can also be used on HTF for investing) There are generally only 2-5 strong trend days a month. The majority of trading days are some form of trading range days, either within a range or a weak channel which reverses and forms a trading range. On strong trend days the market offers what most traders want - a high probability...