This swing trading strategy is a comprehensive and simple approach in trading higher timeframes such as 4-hour and daily timeframes. This system uses a moving average which determines a trend direction and trend change. The 10 And 20 SMA with 200 SMA trading strategy is one of the simple fx trading strategy that is quite [...]
Gold prices recover from the intraday low of $1,728.84 to currently around $1,733, up 0.12% on a day, during the early Friday’s Asian session. It has crossed the 3 weeks high setting back the high of April 24. After hitting a yearly high and the highest level since 2013, gold prices have been trading sideways [...]
AUD/JPY shows a bearish trend following Australia’s jobs report. The increase in jobless was less than expected but the economy shed record jobs. It was the highest jobless rate since September 2015, amid business closures and lockdowns due to the corona virus pandemic. The jobless rate ticked higher to 6.2% against the expectations for 8.3% [...]
As Reserve Bank of New Zealand (RBNZ) said it is prepared to cash rate further, other counterparts against NZD gained strength. The central bank said that a negative official cash rate (OCR), or benchmark interest rate, will become an option in the future. The central bank's interest rate currently stands at 0.25%. QE program expanded [...]
