A declining Dow offered no relief for the JPY pairs despite heavy divergence on the daily Momentum readings. Forex trader Chris Capre comments on the recent moves of the JPY pairs.
Forex trader Chris Capre takes a look at the Fibonaccis behind the most recent moves of the major currency pairs
With the volatile Forex market, traders are considering two major options: to continue these massive downtrends and strengthen the USD or dare attempt a long needed reversal. Forex trader Chris Capre explains how to read the market’s choppy moves.
Often times there is a pattern in our current trending markets whereby the pairs consolidate for quite a period of time after a series of impulsive/trending moves, refer to as the ‘Momentum Box’. Forex trader Chris Capre explains how to trade momentum, and when to exit the position.
Forex trader Chris Capre is not convinced the Dow’s historic bounce on Monday is going to produce a strong follow through. See his analysis of the fibonacci and ichimoku kijun line planted at almost perfectly the same levels in the six major currencies.
For forex traders, knowing when a likely reversal is about to happen or not, makes it easier to stay on the right side of the market. TradingMarkets contributor Chris Capre uses the Ichimoku charts to analyze the direction of EUR/USD and GBP/USD pairs.
Taking advantage of falling crude oil prices, the greenback enjoyed some significantly strong gains earlier this week. But rising unemployment is opening the way for a drop against its counterpart currencies.
The USD erased earlier losses with a 6.6% gain against the G7 countries. This is the first real set of gains the USD has delivered in quite a long time.
Of late, the ichimoku analysis is an increasingly talked-about subject among investors, especially in the forex market. TradingMarkets contributor, Chris Capre uses this classic function to characterize the USD market trend.
At closing on Tuesday, the euro lost against the dollar, which hit the highest since March. While the GBP sunk and the Australian dollar continued to retreat. Can the greenback’s latest surge change investor’s favor?