Trading University Daily

Even on the lighter volume of the U.S. afternoon session USDJPY failed to bounce off the historic 80.00 level, which likely points to still lower prices to come.  Given the size of the rally in the Japanese currency over the past several years it isn’t hard to imagine the move culminating with a rather large [...]

There are definitely times in trading where you need to know not to trade. Generally those times are when the majors are showing conflicting trends, such as today where the daily trend was up for EURUSD yet down for AUDUSD, and markets become tangled up on the intraday time frames. Currencies tend to give the [...]