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I will discuss simple techniques that I use in order to determine the dominant trend direction for any timeframe that you may be trading. Trading in the direction of the trend is usually the most profitable style of trading for the Forex trader.

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Editors’ Picks

EUR/USD hits the highest in a month on stimulus hopes

EUR/USD has advanced toward 1.1850, reaching the highest since mid-September. US lawmakers have reportedly narrowed the gap in stimulus talks. The safe-haven dollar is on the back foot and investors are shrugging off concerns about new European COVID-19 cases.


USD/JPY holds gains above 105.50 amid positive S&P 500 futures

USD/JPY extends Monday’s recovery moves above 105.50, benefiting from gains in the S&P 500 futures and Treasury yields. The further upside, however, appears elusive amid a cautious tone on the Asian stocks heading into Tuesday's US fiscal stimulus deadline. 


GBP/USD bounces on better market mood

GBP/USD has recaptured the 1.2950 level after a call between Brexit negotiators was labeled as constructive. PM Johnson is set to put the Greater Manchester area under lockdown and US fiscal stimulus talks are eyed.


XAU/USD bears waiting to feed on head and shoulders

The price of gold has been sucking in the bears since the break of the 1930/20 support, only to pull in demand again at the 1850 mark.

Gold News

WTI extends the consolidation around $40.00 ahead of API

Prices of the barrel of WTI extend the consolidative mood for yet another session on Tuesday, always around the key $40.00 level.

Oil News