Currency

Can you be too stupid to trade and the answer is obviously yes. If you are defeated by how your toaster works then trading is not for you, nor is anything else probably. However, my observation over the decades has been that despite what the industry would have you believe trading is not that hard. […]

HSBC stock (LSE:HSBA) is currently pulling back. The market trended sluggishly upwards within the months of November 2016 to February 2017, but it is now being corrected. Price has gone below the EMA 21; while the Williams’ % period 20 Range period 20 is in the overbought region. This mean that price is currently weak. […]

Paysafe Group shares (LSE:PAYS) are currently strong. There is a strong bullish bias on the market, and this could continue for most part of this year. In the last few months of 2016, price decline (especially in the month of December). Following that decline is a rally that has held out from then till now. […]

The pound enjoyed a day of pretty solid gains at the start of the week, with the currency rising to an almost two-month high against the US dollar while recording its best level against the Canadian dollar since December. GBP/AUD also marched to its highest rate since February, although the pound’s gains against the euro […]

The EUR/USD moved slightly upwards last week, testing the resistance line at 1.0800 many times, without being able to close above it on Friday. Price may eventually go above the resistance line at 1.0800, but there may not be protracted bullish movement after that, because there are high chances of EUR pairs getting weak this […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish EURUSD managed to hold out its bullishness last week, in spite of the current short-tern consolidation in the market. Price reached the resistance line at 1.0800 and moved sideways till Friday. Many unsuccessful attempts were made to overcome the resistance line at 1.0800, but […]

Strong retail data saw the pound jump higher against its major peers on Thursday. GBP/EUR hit a three week high of €1.1614 thanks to 0.5% gains, while GBP/USD rose to $1.2521; its best level in almost four weeks. Weakness in the Australian dollar allowed GBP/AUD exchange rates to charge 0.7% higher to A$1.6411 – the […]

Although we’re now only six days away from the long-awaited activation of Article 50, the pound is proving resilient and its best levels of the week could be yet to come. Sterling edged slightly lower yesterday as excitement over the inflation surge eased. However, GBP largely returned to opening levels before the close of the […]

With the UK’s latest inflation figures exceeding forecasts on Tuesday, the pound skipped higher against all its major currency rivals. As well as hitting a ten-day high against the euro (of €1.1560) the pound achieved a three-week high of $1.2498 against the US dollar and struck C$1.6703 against the Canadian dollar – its best level […]

One of the frustrating things about being a trend follower is that it takes time to overcome the inertia of a new system, particularly if that system is based upon slightly longer time periods such as weekly data. Part of the frustration that traders encounter is based upon the simple mechanics of how systems work. […]