Friday, August 21, 2020

๐Ÿƒ 4 Reasons Why Forex Traders Ditch Their Plans | Here’s What Happened to JPY, NZD and AUD This Week

Today's forex trade ideas, trading tips and discussions for beginners, and the latest news affecting the forex market.
August 21, 2020
13 questions to ask when you review your trading journal
Finding what works and doesn’t work is all about keen observation and asking the right questions. Here’s a sample of questions you should be asking yourself when you review your journal.
Not a great week for the Aussie - here's how that happened

After a positive start, AUD fell against most of the majors this week, driven by some risk-off vibes from geopolitical and economic growth concerns.

Here's what happened to NZD
After an early week bounce, the Kiwi continued to feel the pressure from recent speculation of negative rates possibly coming to New Zealand down the road.
A look at how the major pairs performed this week

Using MarketMilk's major pairs watchlist (1-week time interval + last closed price stream), it looks like only two pairs ended up in the positive territory this week. Take a look:
 

4 reasons why forex traders ditch their plans

Why are you thinking of trying a new trading approach? If it's because of one of the four reasons listed in this article, you should probably take a step back.

A quiet but overall good week for the yen this week

JPY took an early but small lead against the majors and held it all the way through the weekend in what was a mostly quiet week of across the major currencies.

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