Summary
“My previous webinar at FXStreet on Support and Resistance had pretty high positive feedback and was ranked one of the most viewed webinars. However, I got a ton of emails requesting a trading strategy using Support and Resistance. In this webinar I’ll go into detail on Entries and Exits using Support and Resistance in our way of teaching.”
We've brought in trader Navin Prithyani to share his Support and Resistance Strategy in this webinar exclusively here at FXStreet. Navin Prithyani has been featured on various publications online and offline and is known to simplify complex forex trading for everyone to understand. He's been a Premium Speaker, spoke at our Seminars, and has been among the top ten most viewed webinars and analysis here at FXStreet for the last several years. This is a webinar not to miss!
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Editors’ Picks
EUR/USD stays weak near 1.1850 after dismal German ZEW data
EUR/USD remains in the red near 1.1850 in the European session on Tuesday. A broad US Dollar bullish consolidation combined with a softer risk tone keep the pair undermined alongside downbeat German ZEW sentiment readings for February.
GBP/USD holds losees near 1.3600 after weak UK jobs report
GBP/USD is holding moderate losses near the 1.3600 level in Tuesday's European trading. The United Kingdom employment data suggested worsening labor market conditions, bolstering bets for a BoE interest rate cut next month. This narrative keeps the Pound Sterling under bearish pressure.
Gold pares intraday losses; keeps the red above $4,900 amid receding safe-haven demand
Gold (XAU/USD) attracts some follow-through selling for the second straight day and dives to over a one-week low, around the $4,858 area, heading into the European session on Tuesday.
Canada CPI expected to show sticky inflation in January, still above BoC’s target
Economists see the headline CPI rising by 2.4% in a year to January, still above the BoC’s target and matching December’s increase. On a monthly basis, prices are expected to rise by 0.1%.
UK jobs market weakens, bolstering rate cut hopes
In the UK, the latest jobs report made for difficult reading. Nonetheless, this represents yet another reminder for the Bank of England that they need to act swiftly given the collapse in inflation expected over the coming months.
Here is what you need to know on Tuesday, February 17:
Safe-haven flows dominate the action in financial markets early Tuesday as trading conditions normalize following the US holiday. The economic calendar will feature ZEW sentiment figures from Germany, the weekly ADP Employment Change 4-week Average data from the US and January inflation report from Canada.