Ming Jong Tey
Independent Analyst
A bull walks up the steps while a bear jumps out of the window. In a downtrend, you can be very profitable if you catch the timing to ride on the downtrend. Breakout trading is one of the best ways to participate yet majority retail traders have no idea how to trade breakout with the right context.
In this video, you will find out the key things traders need to know while using breakout trading as trend trading strategy to ride the downtrend. Watch the video below:
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Editors’ Picks
EUR/USD sticks to positive bias above 1.1800 as trade jitters undermine USD
The EUR/USD pair builds on the previous day's modest gains and attracts some buyers for the second straight day on Thursday amid a softer US Dollar. Spot prices, however, lack bullish conviction and trade around the 1.1815-1.1820 area during the Asian session, up 0.10% for the day.
GBP/USD extends recovery to near 20-day EMA as US Dollar weakens
The Pound Sterling holds onto weekly gains around 1.3565 against the US Dollar during the Asian trading session on Thursday. The GBP/USD pair trades firmly as the US Dollar remains under pressure due to uncertainty surrounding the United States trade policy outlook.
USD/JPY tumbles below 156.00 on hawkish BoE-speak, risk-off mood
USD/JPY holds lower ground below 156.00 in the Asian session on Thursday, deep in the red amid hawkish BoE commentary, looming intervention fears and risk-off mood, which lend support to the Japanese Yen. The US Dollar remains on the back foot amid concerns about the fallout from Trump's trade policies, adding to the pair's downside.
Editors’ Picks
USD/JPY tumbles below 156.00 on hawkish BoE-speak, risk-off mood
USD/JPY holds lower ground below 156.00 in the Asian session on Thursday, deep in the red amid hawkish BoE commentary, looming intervention fears and risk-off mood, which lend support to the Japanese Yen. The US Dollar remains on the back foot amid concerns about the fallout from Trump's trade policies, adding to the pair's downside.
AUD/USD grinds higher toward 0.7150 on weaker USD
AUD/USD picks up bids and grinds higher toward 0.7150 in the Asian session on Thursday. The pair eyes a three-year peak amid bets for another RBA rate hike in 2026, bolstered by the latest Australian consumer inflation figures. Moreover, a softer US Dollar acts as a tailwind for the Aussie, though trade uncertainties seem to limit the Aussie's upside.
Gold struggle with $5,200 extends ahead of more US-Iran talks
Gold is replicating the recovery moves seen in Wednesday’s Asian trading early Thursday, as buyers continue to flirt with the $5,200 level. Sustained US Dollar weakness and looming US-Iran talks aid the bright metal’s rebound.
Top Crypto Gainers: Polkadot, Near Protocol, Uniswap lead market rebound
Altcoins, such as Polkadot, Near Protocol, and Uniswap, are leading gains over the last 24 hours as Bitcoin jumped 6% on Wednesday. The altcoins are holding steady at press time on Thursday following a rebound the previous day, testing the waters around their 50-day Exponential Moving Average.
Nvidia delivers another monster earnings report, and forecasts big things to come
It was another monster earnings report from Nvidia for fiscal Q4. Revenues were $68.1bn, smashing estimates of $65bn. Gross profit margin was a healthy 75%, up from 73.5% in the prior quarter, and the outlook for this quarter was monstrous.
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