Welcome to the traders who are joining this forum every day. First of all I am not an admin or holding any other responsibility here. Just know me as an old member who has been here for a while. I have learnt a lot and tried to give something back as well. I care about the continued success of forexstreet.net and that is why I am taking a few minutes to write my personal thoughts here.
The membership here I think runs into tens of thousands, perhaps the largest of such forums.…Continue
This is risky and goes contrary to popular opinion that is screaming 'go long'. I like this short based purely on price action and will take a small position if I get an opportunity at current or higher levels.
Caution is advised.…Continue
I already took a small position and here is what I am seeing. Taking a monthly view, I see that a 38.20% retracement in the down move already completed.
The weekly view seems to confirm this with what looks like a lower top already established in the down move.…Continue
NZDCAD and GBPCAD have been lagging their USD counterparts last week. Usually they do tend to move in a similar direction and so I am expecting some CAD strength next week. See H12 chart for NZDCAD below. My choice of taking a short is NZDCAD simply because I believe there is lot of room for NZDUSD to fall.…Continue