EUR/USD looks very bullish on the weekly chart. As you can see there is a large RSI Divergence recently. In addition to this, It has hit a key support level. We believe the greece bailout will be the fuel for the movement...
NZD/USD looks fairly Bullish heading into this week, after hitting a key support point. In addition to this, the RSI looks as though it could be heading northwards. Friday posted a bullish engulfing pattern, therefore we will be looking to enter LONG come monday...
The aim of this book is to explain point-and-figure charting to European investors and traders, and to show why it is the most reliable technical tool for timing entry and exit points in stocks, indices and other securities...
adt_fx FX Outlook 2015 – General (Weekly) Update – 9 May 2015 Forecasts & Trades Lifted $GBPUSD 2015 target a bit. Otherwise unchanged. Still expect broad $USD strength to prevail H2 2015. I’m Short $EURUSD →2015, and intending through May to ↑Short $EURUSD...
Besides the Ranking and Rating list provided here I will also prepare this weekend the Weekly Currency Score list which will support my analysis for trading in the coming week which is then followed by my review on the FxTaTrader strategy...
The Relative Strength Index (RSI) was created by J. Welles Wilder Jr. and introduced in his book, "New Concepts in Technical Trading Systems," published in 1978. Wilder was a mechanical engineer and real estate investor before going into market research and trading...
Last Monday the US dollar managed to muster some gains after comments made by Loretta Mester, Cleveland Fed chief, and John Williams, president of the San Francisco Fed...
Identify the Trend The first step to trading any successful trend based strategy is to find the trend! One of easiest ways to find the trend is through identifying a charts swing highs and swing lows. Traders can work from left to right on their graph and identify the outliers in price...
As usual, first a few words regarding last week’s forecast: - for the EUR/USD pair the forecast was fulfilled by no less than 100%. We supposed that the EUR/USD pair would experience a sideways trend and a possible descent to the 1.0800 mark...
i am working o EUR/USD. i take the position on the basis of fundametanls not technicals analysis, So, i start my analysis and compare to both currency USD EUR...
i am working o EUR/USD. i take the position on the basis of fundametanls not technicals analysis, So, i start my analysis and compare to both currency USD EUR...
Should You Use VPS In Forex Trading? First off, if you are not familiar with or why you would use a Virtual Private Server (VPS), it is considered a leading topic for web hosting but not so much for Forex trading...
Perseverance and having great patient is the greatest advantage for a forex trader...
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...
RSI is one of the most popular indicators used in technical analysis. RSI indicator plots the divergence and convergence of moving averages. The RSI is constructed using moving average analysis. Moving Average Convergence/Divergence is a trend-following indicator...
Weekly digest compiles the latest news from the world of stocks and finance, currency and commodity news, as well as interesting informative articles for traders. Top news of the week: United Kingdom in focus: how will sterling and FTSE be impacted after Conservatives' victory...
is indeed true that there is no single strategy that will always give you wins. as we all know that forex is a game of probabilities. All we are trying to do is being on the high probability side and make money out of it...
As we all know, trading in forex could be a kind of investment that is classified as high risk, but also a high reward trading system that could allow an investor to either make a lot of money in a short period of time, or it could also work against to lose a huge sum...
Take an Overall View of the Market If you’re trading in a bullish market, then the majority of your trades should be long. If the market bearish then most trades you take should be short...
