Wilder suggests that divergence between an asset's price movement and the RSI oscillator can signal a potential reversal. The reasoning is that in these instances, directional momentum does not confirm price...
The symbols for all currencies have three letters. The first two letters denote the name of the country and third letter stands for the name of that country’s currency. As an example, let’s look at the USD. The US stands for United States and the D stands Dollar...
Traders can draw trend lines using RSI indicatorin the same way as trend lines on the price charts. RSI trend lines are plotted as the same way as trend-lines are plotted on the chart; by joining consecutive highs of the RSI Indicator or consecutive lows on the RSI Indicator...
When almost no one believes the market is dangerous, that’s when you should be cautious. A big number of market participants incorrectly believe that market bubbles grow quickly and burst. A true bubble is a long period of excess...
Tenkan-sen line is located below Kijun-sen line of Ichimoku indicator with 0.7532 support level on monthly timeframe chart for the bearish market condition to be continuing...
While the U.K. general election, which is taking place today, was considered to be the most tightening, analysts suggest how best to estimate what investors make of it after the results are ready...
Former Soviet President Mikhail Gorbachev commented on the refusal of leaders of several European countries and the United States to come to Moscow for the celebration of the 70th anniversary of the victory over fascism...
The yields on treasuries rise, US stocks decline In anticipation of the publication of data on the US labor market is growing concern of investors. ADP data released yesterday pointed to the reduction in the number of jobs created in the private sector 5 consecutive month...
Divergences not only signal a potential trend reversal; they can also be used as a possible sign for a trend continuation. Always remember, the trend is your friend, so whenever you can get a signal that the trend will continue, then good for you...
Fibonacci Trading: How to Master the Time and Price Advantage: Carolyn Boroden Made famous by the Italian mathematician Leonardo De Pisa, the Fibonacci number series holds a Golden Ratio that is universally found in nature and used by architects, plastic surgeons, and many others to achieve “perf...
As part of a new initiative to remain active, I have decided (and will try) to post weekly market briefs. I know this blog is dedicated towards technical analysis and trading off of market psychology, it is still important to be aware of where the market is headed...
CHF/JPY: Long Position has been opened yesterday after the close of U.S. session. The pair is still having a rank of 1 being at the top of the list. The CHF still has a currency score of 8 and the JPY a score of 1. The Weekly and Daily chart are looking strong and long positions will remain open...
when the pair reached low range level. Is this possible development in the next few days? Yes it is, but keep an eye on this resistance 1.1280/300 and if the pair return back down, on the support 1.1000/050. For now, Daily MA100 stoped the pair on the way up at 1...
Canadian Company Announces New Banking Platform for Gold Canadian company BitGold, Inc. recently announced the launch of its new Gold-based banking platform. The platform, as stated in the company’s press release, will allow people to create free vault storage accounts...
After the completion of a double bottom pattern last week on the daily chart , the Euro bulls marched on. The weakness seen in the Euro yesterday was probably a retest of the previous 1.1050 resistance area. It may be too early to confirm this but the fundamentals seem to support a bullish bias...
2015-05-06 13:15 GMT (or 15:15 MQ MT5 time) | [USD - ADP Non-Farm Employment Change] past data is 175K forecast data is 199K actual data is 169K according to the latest press release if actual > forecast (or previous data) = good for currency (for USD in our case...
After enjoying an uninterrupted rally in past few days, Litecoin went back being depressive thanks to a notable buying pressure that occurred at peak: There seems to be a strong bearish bias in the market, explains the technical indicators...
The lowly state of the U.S economy early in the year was partially caused by the almighty dollar, analysts say...
The main competing parties - the Labour and Conservative - have both promised to help smaller companies...
Gold traders have no mercy, but take a look at this beautiful and precise H4 H&S. 1175/77 could stop this fall and return gold up toward 1185, bellow 1175 could be more fall...
