FxAnalysis

The CAD/CHF pair isn’t one I focus on a lot, but it could be a good “back door” way of playing the CHF strength, or central bank intervention later.

The US dollar continues to see a lot of selling on Tuesday in the overall Forex markets, but in the USD/JPY pair, its had an entirely different foe over the last couple of sessions.

The US dollar has fallen again against the Mexican peso, breaking below the hammer from the previous session, a sign of weakness I often trade. This is a market that pays you to stay short, in the “carry trade.”

The USD/BRL closed yesterday around the 5.1847 ratio after facing another round of strong selling, and traders should be braced another dose of volatility on today’s opening.

The EUR/USD pair peaked at 1.2082 during Asian trading hours on Wednesday, as the Greenback collapsed across the FX board following comments from United States (US) President Donald Trump.

The best method to identify a classic “price action reversal” is for an hourly candle to close, such as a pin bar, a doji, an outside or even just an engulfing candle with a higher close. You can exploit these levels or zones by watching the price action that occurs at the given levels.