Kathy Lien
BKTraders and Prop Traders Edge
Most traders lose money using RSI the textbook way - buying when it hits 30 and selling when it hits 70. But what if I told you there's a simple tweak that can turn RSI into a high-probability strategy? In this video, I reveal the "RSI Double Dip" method that helped me achieve a 7/7 win rate on EUR/USD and consistently profitable trades on gold.
Past performance is not indicative of future results. Trading forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products, you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial advisor if you have any doubts.
Editors’ Picks
EUR/USD consolidates above 1.1800 as trades await Eurozone CPI and US data
The EUR/USD pair struggles to capitalize on the previous day's modest bounce from the 1.1780-1.1775 area, or over a one-week low, and oscillates in a narrow band during the Asian session on Wednesday. Spot prices currently trade around the 1.1815 zone, nearly unchanged for the day, as traders keenly await the release of the flash Eurozone consumer inflation figures.
GBP/USD consolidates ahead of Bank of England rate decision
The Pound Sterling traded in a narrow range against the US Dollar on Tuesday, edging modestly higher to near 1.3700 as markets adopted a cautious stance ahead of the Bank of England's first policy decision of 2026. GBP/USD opened the session at 1.3665 and touched an intraday high near 1.3707, with the pair consolidating below the multi-year high of 1.3869 posted in late January.
USD/JPY advances above 156.00 as fiscal, political woes weigh on JPY
USD/JPY trades with a positive bias for the fourth straight day on Wednesday and looks to build on a one-week-old uptrend above 156.00. Concerns about Japan's fiscal health and political uncertainty counter hawkish BoJ expectations, undermining the Japanese Yen ahead of the February 8 snap election, while boosting the pair. However, a softer risk tone could limit losses for the safe-haven JPY and cap the pair amid subdued US Dollar price action.
Editors’ Picks
AUD/USD holds firm above 0.7000 after China's RatingDog Services PMI
AUD/USD holds higher ground above 0.7000 in Asian trading on Wednesday, supported by the upside surprise in the Chinese RatingDog Services PMI data for January. The Aussie preserves the hawkish RBA-inspired gains, with further upside likely capped by a slight deterioration in risk sentiment.
USD/JPY advances above 156.00 as fiscal, political woes weigh on JPY
USD/JPY trades with a positive bias for the fourth straight day on Wednesday and looks to build on a one-week-old uptrend above 156.00. Concerns about Japan's fiscal health and political uncertainty counter hawkish BoJ expectations, undermining the Japanese Yen ahead of the February 8 snap election, while boosting the pair. However, a softer risk tone could limit losses for the safe-haven JPY and cap the pair amid subdued US Dollar price action.
Gold extends recovery toward $5,050 as US-Iran tensions boost haven demand
Gold price builds on the previous recovery toward $5,050 in the Asian session on Wednesday. The precious metal extends the rebound after a historic and volatile sell-off last week. Traders weigh the next round of US economic signals amid a resurgent demand for safe-haven assets and renewed US-Iran geopolitical tensions.
Why is the crypto market crashing?
Bitcoin and the broader crypto market are experiencing a heavy downturn on Tuesday amid negative sentiment following the latest tech earnings. The top crypto briefly declined more than 5% over the past 24 hours, sliding below $73,500 before quickly recovering above $75,000 at the time of publication. Over the past two weeks, Bitcoin has lost more than 23%, eroding about $401 billion in market capitalization.
Gold and silver recovery continues, but equities sink as tech is shunned
The risk recovery is on pause as we move through Tuesday. After signs that a recovery in precious metals could boost overall risk appetite earlier today, a nasty sell off in tech stocks has pushed the Nasdaq and the S&P 500 down by 1.7% and 1.1% respectively.
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