Dr. Ernest P. Chan explains the pros and cons of machine learning as a technique for creating trading strategies, and why its time has finally arrived. Also, a few tips ...
EUR/USD has drifted lower ahead of the US Employment Report, set to be released by the Bureau of Labor Statistics on Friday at 8:30AM ET. Looking at the weekly chart above ...
EUR/USD sank to its lowest levels since July 2017 in early trading on Friday, breaking out of a period of consolidation that began in May. The Turkish Lira has fallen 30% since the beginning of the year and 10% since the beginning of August as fears mount over the health of the Turkish economy. The […]
In today’s daily chart watch we are looking at a potential reversal in the British Pound. We’ve also got interesting inside bar patterns to look at in gold and silver and some well formed chart patterns in EUR/USD and GBP/JPY. Let’s jump into it. In both gold and silver, price has been consolidating at the […]
A classic pin bar set up has formed on the EUR/GBP four hour chart. Price reached to a prior resistance level of 0.9030, which we can see on the weekly chart below before reversing. Stochastics also crossed from above 80 to below 80, adding to the bearish scenario. The set up is usually traded by […]
The selloff in Bitcoin has intensified on Wednesday morning after Tuesday’s SEC announcement of plans to delay a decision on the SolidX Bitcoin ETF. The proposed SolidX Bitcoin ETF would hold bitcoin and seek to track the cryptocurrency’s price. With the delay, the SEC now has until the end of September to make a decision. On […]