Saturday, September 12, 2020

📈 Candlestick Pattern of the Day: Hanging Man | Here’s What Happened to JPY, CAD, and NZD This Week

Today's forex trade ideas, trading tips and discussions for beginners, and the latest news affecting the forex market.
September 12, 2020
Here's what happened to the Japanese yen this week
It was a mixed week for the JPY, but ultimately closed as a net winner thanks to negative leaning global risk sentiment and counter currency flows.
Candlestick pattern of the day: Hanging man



The Hanging Man candlestick can be used to identify a short trade (bearish view) as the long shadow indicates selling pressure. Here's how to identify this candlestick.

Not a great week for the Canadian dollar. Here's why.
Unfortunately for CAD, traders leaned negative on broad risk sentiment, the economic outlook, and on oil prices. Here's a quick list of events that moved the Canadian dollar this past week.
3 guidelines for proper forex trade execution

Do you have an open trade? Make sure to read this post and see if you’re doing all three! Most new traders tend to forget about the last one.

NZD was a quiet loser this week

All thanks to broad risk sentiment’s lean towards negative, net negative NZ data, and lingering speculation of negative rates coming from the RBNZ. Here's a recap!

3 things newbies need to remember if they want to start trading forex
In this Q&A with forum member macilme from Nigeria, he talks about how he discovered forex plus, the three things he thinks beginners need to know if they want to start trading.
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