Author: FX

The USDJPY is pressing against an important technical ceiling after rebounding from last week’s lows.On Wednesday and Thursday last week, the pair briefly traded below its 200-day moving average (lower green line on the chart above at 158.33 currently), but sellers could not keep the momentum. Support emerged against the swing level near 157.96, and the failure to break lower gave buyers the opportunity to push the price back toward the shorter-term moving averages.On Friday, the rebound initially stalled against the 100-hour moving average, but the price has now moved above that level at 158.91 and is testing the 200-hour…

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United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann maintain a cautious stance on USD/SGD after Friday’s drop to 1.2682 and close near 1.2700. In the very near term, they expect the pair to stay confined between 1.2680 and 1.2715, while over the coming weeks the bias remains lower toward 1.2670, provided resistance at 1.2750 caps rebounds.Downside bias with capped rebounds”24-HOUR VIEW: When USD was at 1.2715 last Friday, we stated that “the current price movements are likely part of a consolidation phase between 1.2700 and 1.2730.” However, instead of consolidating, USD declined to a low of 1.2682.…

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Talks between Washington and Ottawa collapsed hours after Trump called a deal “pretty much” done. Here’s what the new 50% tariffs actually cover, why the loonie’s reaction is more restrained than the headline suggests, and what it teaches traders about how currency pairs really move. Trade talks between the United States and Canada collapsed Friday night. Hours earlier, President Trump told reporters a deal was “pretty much” done. By Saturday at 12:01 a.m. Eastern, 50% tariffs hit roughly $20 billion of Canadian exports instead. Canada’s response: match it, dollar for dollar, starting September 8. Here’s what happened, why it happened,…

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Ask any trading forum whether a high win rate or a strong risk-reward ratio matters more, and you will get the textbook answer: expectancy is what counts, and a 40% win rate with 3-to-1 winners beats a 65% win rate with 1-to-1 payoffs. Over a long enough horizon, that answer is often correct.On a funded account, it is frequently wrong. The reason has nothing to do with market conditions. It has to do with the rules.The consistency cap inverts the rankingMost funding programs apply some form of consistency rule during the evaluation or the funded stage: no single day may…

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The British Pound (GBP) holds mild gains for the fourth consecutive day against the US Dollar (USD) on a calm Monday session, as ongoing concerns about the US Treasury’s bond buyback plans keep US Dollar bulls subdued. The GBP/USD pair is trading at the midrange of the 1.3600s in the early London Trading session, just below six-month highs, at 1.3675.UK data released on Friday was mixed, as retail consumption increased below expectations in July, while August’s preliminary services and manufacturing activity data beat expectations, providing some support to the Pound.In the US, the preliminary S&P Global Purchasing Managers Index (PMI)…

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The MACD Multi Time Frame Indicator MT4 is a modified version of the standard Moving Average Convergence Divergence indicator. Its main difference is that it can display MACD information from several timeframes while the trader remains on one selected chart.Traditional MACD uses two exponential moving averages:MACD Line = 12-period EMA − 26-period EMAA 9-period EMA of the MACD line forms the signal line. The difference between those two lines creates the histogram.The multi-timeframe version applies this same basic MACD logic to different chart periods. For example, a trader working on the 15-minute chart may check the 15-minute, 1-hour, and 4-hour…

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