Wednesday, August 12, 2020

💬 “Do You Think You’d Still Be Trading Even When You’re 70?” | AUD/JPY and EUR/NZD Trade Ideas

Today's forex trade ideas, trading tips and discussions for beginners, and the latest news affecting the forex market.
August 12, 2020
Trading term of the day: Average true range (ATR)
The Average True Range (ATR) is a technical indicator that measures the volatility of an asset's price. Here's how to interpret ATR and how to calculate it.
"Do you think you'd still be trading even when you're 70?"
Forum member ponponwei writes, "I don’t know if it’s a good or bad thing if you can still see yourself trading at 70." What do you think? Join the discussion!
EUR/NZD support retest ahead?
This week, Cyclopip's checking out EUR/NZD as we’ve got potential for a pick up in volatility from the upcoming Reserve Bank of New Zealand monetary policy statement
BTC/USD's trading ranges

Using MarketMilk™, we can see just how low BTC/USD got to within the last year: $3,889! Just look at that 1 year high/low trading range:

This week's crypto price analysis: Are sellers returning?

Are crypto bears back in town? Big Pippin's seeing short-term downtrends forming on these charts lately. Take a look!

Trading today? Read this first.

AUD/JPY makes it to the top of the watchlist as it breaks out of a consolidation pattern ahead of top tier data from Australia. Here's what you should be looking out for.

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