Saturday, August 8, 2020

🧠 Trading Term of the Day: Gap | Here’s What Happened to EUR, AUD, and CAD This Week

Today's forex trade ideas, trading tips and discussions for beginners, and the latest news affecting the forex market.
August 8, 2020
AUD took the top spot this week
Traders focused more on the improving economic updates over the pandemic worsening in Australia. Here's Pip Diddy's recap.
Trading term of the day: Gap

In this forexpedia entry, we talk about what a gap is, how they happen, and what the four types of gaps are.
How CAD outperformed most of the majors this past week
Positive Canadian economic updates outweighed negative risk sentiment this past week. Here's Pip Diddy with a recap.
A snapshot of how the major pairs performed last week

Which major pair took the top spot this past week? Which one was the biggest loser? Here's a look using MarketMilk™:

Here's what happened to EUR and CHF this past week

It was an overall positive week for both EUR and CHF, likely supported by a round of net positive economic and sentiment updates from Europe. Here's a list of events that moved these two currencies this past week.

Don't let overconfidence chip away at your profits

Overconfident traders usually get in trouble by trading larger position sizes than they’re used to, jumping in again in the same direction after getting stopped out, or overtrading.

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