Today's forex trade ideas, trading tips and discussions for beginners, and the latest news affecting the forex market.
| | | | | | | No love for the Kiwi this week | Thanks to another lockdown in New Zealand and the possibility of a negative interest rate policy from the RBNZ grows. | | | | | | | | Technical indicator of the day: Rate of Change (ROC) | | ROC is a technical indicator that measures the percentage change between the current price and the price from x days ago. Also known as momentum, ROC is a pure momentum oscillator. | | | | | | | | Here's what happened to the yen this week | | Japanese economic updates were arguably net positive, but JPY was a net loser on the week, influenced more by positive global risk sentiment and counter currency flows. | | | | | | | | A snapshot of what happened to the major pairs this past week | Using MarketMilk™, we can take a quick look at the top three performing pairs this past week:
 | | | | | | | | A mixed week for AUD, here's why | Mixed performance with a net negative lean for AUD this week as coronavirus related headlines likely outweighed risk sentiment and a positive Australian jobs update. | | | | | | | | "How do you get good at scalping? The market is so unpredictable." | Forum member AaronJParas writes, "I've been losing at demo account, scalping for over a year. It’s frustrating and I tried a lot and none seem to be working." | | | | | | | | | | | | | |
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