Hard moves on the kiwi this morning as the US dollar sinks on inflation news. This currency seems to be reacting hard to the US markets as it moves 0.50% in a single candle. Strength in the kiwi could also be rising as inflation remains much lower than the majority of other currencies.
NU pair is up 0.27% today after investors begin to fear the rise in inflation on the USD that grew 5% from one year ago. Price has already tested the supportive trendline and is climbing back up. The past two days might have been the anticipation of good inflation news, so traders were selling the rumor on this pair, but now, it looks like investors have a reason to buy.
NJ was one of the hardest movers today as price broke out of a downtrend line on the 4H chart. The pair found a bottom around 78.581, but it looks to be resting on that trend line that broke. Mild resistance looks like the 79.137, with heavier resistance at 79.241.
Euro kiwi falling by 0.32% on the day which makes it the most volatile pair as of now as price hits 1.69101. A supportive trendline lies right below current price which the pair will likely test. ECB monetary policy statements are happening now which is most likely the cause of all this volatility on this pair today.
With markets beginning to a volatile start on Covid fears, by the end of the week markets seemed to calm down to a steady recovery. The CAD performed the best rising in recovery in risk, but also on rising oil prices. The Euro had the most notable event of the week due to the monetary […]
7/23/2021 This week, me and Nick caught a crazy move on the SPX500 that we are currently still in at the time of writing this. This one move has netted us around 1,500 pips in equity. We haven't closed, so this number will not be the same when the trade is over, but this article […]
Is it possible to flip an account in a short period of time? Yes, It is theoretically possible. Is it likely? Not really.Unfortunately, flipping a small amount of money in a short period is risky and usually won't go your way. While still possible, this method of trading is more like gambling than trading. Let's pretend you […]
7/22/2021 The past couple months haven't been too good for the crypto market, in fact, the market saw a $90 billion loss since May. If you have kept up with the activity on Elon Musk's account, you might have seen how the majority of his tweets about dogecoin or bitcoin have greatly influenced the price […]