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Suri Duddella, 19+ years full-time Futures/Equities/Options Trader. Patterns based Algorithmic Trading. Author -- "Trade Chart Patterns Like The Pros" book. ====== Identifying chart patterns is simply a system for predicting stock market trends and turns...
Annual consumer price inflation in the U.K. dropped below zero for the first time since the 1960s. The Bank of England had predicted the inflation would fall, however, it also said it should pick up soon. Meanwhile, the local currency was lower...
Analysts at Triland Metals sound quite upbeat about gold, saying that it has enough momentum to push higher in the near-term, though it might not be able to hold long-term gains. Meanwhile, commodity strategists at Morgan Stanley consider the latest rally to be short-lived...
China has delivered its plan to upgrade manufacturing by inspiring innovation and raising efficiency in an attempt to boost economic growth. "The key to creating a new driver of economic growth...lies in the manufacturing sector," said the State Council...
Chinese smartphone giant, Xiaomi, will soon start offering its goods in the U.S., U.K., France and Germany, seducing Western consumers with its low prices and putting Western manufacturers under pressure for the same reason...
Japan's benchmark rose above 20,000 for the first time in three years, as markets awaited Japan's GDP data due on Wednesday "wish some optimism" and as U.S. stocks saw a rise overnight...
One of the great things about the forex market for individual traders and one of the reasons we are starting with the forex market as our first market specific course is the availability of real time demo accounts...
EURJPY price is on primary bullish with secondary correction which was started in the beginning of February this year on monthly close bar: Tenkan-sen line is located above Kijun-sen line of Ichimoku indicator for the primary bullish with 149.75 resistance and 126.89 support levels...
There are 4 main types of MA: Simple moving average Exponential moving average Smoothed moving average Linear weighted moving average...
In January 2015, forex broker Alpari UK applied for insolvency after the Swiss National Bank's surprise decision to abandon the peg against the euro. The event put the spotlight on forex brokers and their regulation, especially in the United Kingdom...
When looking at the Top 10 in the Monthly Ranking and Rating list provided here we can see that for the coming month the following stronger currencies are well represented for going long: CHF(5X) and the GBP(3X). The JPY(4X) is the weakes currency followed by the AUD(2X) and NZD(2x...
We are proud to announce a free webinar. The webinar will be a brief introduction to Data Science, Data Mining, Machine Learning and Algorithmic FOREX Trading. Join us for this special event @ 2015-06-01, 20:00 (GMT+2). Event details: https://plus.google.com/u/0/events/c541vgg8kvnod5ampjr6sbf3vpk...
Becoming Technical Analyst The first step in becoming a successful technical analyst is to learn how to read forex charts. Outlined below are some simple steps that every trader should take when first starting out with technical analysis...
EURGBP is on primary bearish market condition on monthly timeframe since October 2011 with some secondary ranging. The price was on good breakdown movement and it was stopped by 0.7013 support level for the secondary ranging or for the bearish to be continuing...
As crude oil fell from the $100 level last summer, analysts have been trying to pick a bottom but had little success. While they have been trying to foresee a recovery, Goldman predicted oil will stay at lower levels for the rest of the decade...
On Monday gold futures were little changed after terminating last week at a three-month peak, as investors eyed movements of the dollar and the Federal Reserve's minutes due on Wednesday...
Volatility measures how large the upswings and downswings are for a particular currency pair. When a currency’s price fluctuates wildly up and down it is said to have high volatility. Whereas a currency pair that does not fluctuate as much is said to have low volatility...
On Monday European stocks saw a rise, regaining ground in part as the euro slightly declined. London's benchmark index was lower impacted by a decline in shares of Lloyds Banking Group PLC after a ratings downgrade...
Asia will be in focus this week, as investors await a series of fresh economic data...
