posted by gfx filed under Technical analysis
Remember when traders thought the British Pound was going to fall apart?
The stories of a second, Soros-style breakdown of the British Pound were a bit premature.
Over the past 2 months, the GBP has been a monster against the USD (so has the Euro to be fair).
Bottom line: the GPB is locked in an uptrend against the USD. No sense second-guessing
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posted by gfx filed under Technical analysis,
gold
The Japanese Yen and Swiss Franc are both considered to be safety currencies. The Swissie, especially, is also positively correlated to gold.
That's why its significant that the Yen looks like it is in the beginning stages of a significant uptrend against the Swissie.
MarketClub scores the JPYCHF at +90 (on a scale of -100 to +100) for its mid-term technical outlook.
MarketClub
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Many traders have honed their skills on TSim+. Its a great trading simulation program but it requires a full account at Interactive Brokers. If you don't have an Interactive Brokers account and still want to learn to trade forex, TSimLite might be the answer. TSimLite is a program-based trading simulator that has a free data feed for EURUSD, USDJPY, and
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Gold's strength has translated to strength in commodity-based currencies like the Australian Dollar and Canadian Dollar. Yesterday, the Australian Dollar - US Dollar cross (AUDUSD) generated a new buy signal using MarketClub's trade triangles, a world-class trend-following system.
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Here's video proof that the trade triangle signals were profitable for forex and precious metals:
Show me the evidence
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