The Swiss National Bank holds policy meeting tomorrow, coming under new pressure to weaken domestic currency. Today, in a special session of the Swiss Parliament, many lawmakers urged the bank to take additional steps to combat Franc’s recent revival. While the currency is nowhere near the levels from summer last year, some politicians expressed desire [...]

One of the most important parts of trading, often overlooked, is taking profits. Everybody focuses on entries, set ups, devoting a lot of time to create “perfect strategy”, yet at the same time rules for taking profits are often left to chance. Frankly, this is very understandable. Trading is an emotional endeavor, like it or [...]

EUR-CAD. The rally in the EUR-CAD, which lifted it from 1.2875 to 1.3479, hit an obstacle last week. It came as a combination of things, which included the 100 SMA, previous resistance level and overextended price. Bollinger bands, with the price clearly above, demonstrated that particular aspect. A bearish candlestick pattern, the dark cloud cover, [...]