This pair still trap in equilibrium for almost 5 month. as long as this pattern not break, 175 pip range, from 102.70 to 100.95 still best choise with good risk and reward ratio. If we look from smaller timeframe, Price already reject from major fibonacci support at 101.82,. but if 102...
Geopolitical tension in Ukraine and russia will drive in to energy crysis, this situation is very bad for GBP and EURO. From technical analysis, strong Channel Up from sept last year finally break and also break fibonacci support level at 1.6875. Bearish will getting strong if 1.6700 break...
This pair rejected from fibonacci 1.141 support at 1.3336 level. There still no sign of bullish yet, new fibonacci 61.8 resistance level at 1.3400. If the price cannot break this level, this week bearish 1.272 fibonacci target at 1.3319. Trend reverse to bullish only if 1...
Stochastic is an oscillator that determines where the most recent closing price is relative to its price range over a given time period. It is one of the most popular oscillators that traders use in range-bound market...
Trading the Forex markets is like farming in many ways. Join me as I share some of my views and interpretations. Unconventional? - Maybe. Effective? - You Decide Trading Forex, just like a farm or any other business has an element of risk attached...
Momentum measures the rate of change of the currency pair. Momentum = V - Vn Where V = latest closing price Vn = closing price n periods ago...
Hi, I've tried to withdraw funds today from my MQL5 account to my paypal account but the button is not working. Is anyone having similar problems...
Relative Strength Index (RSI) measures the strength of all upward movement against the strength of all downward movement in a specified time frame. For mathematical formula of RSI is as follow: RSI = 100 - [100/(1+RS)] RS = average of n day's up closes / average of n day's down closes 1...
Moving Average Convergence Divergence (MACD) shows the difference of two moving averages - EMA12 and EMA26, and a 9-day EMA of the difference is plotted against it to trigger buy or sell signal...
The moving average envelope is a variant application to the moving average. It is a trading band composed of two moving averages, which attempts to determine the range of market should be trading in...
Stock markets have their own mythology. You often hear a TV host say that the bears are in charge or that the bulls have taken over. Analysts like to say they are "bullish" or "bearish" on the market or on a particular stock...
Moving average is the average rate of a currency pair over a set period. For example, if you conduct a 20-day moving average (20 day MA), you simply add the close price of the past 20 days and divide it by 20. This is called a simple moving average (SMA...
Make a million dollars in about half a year in forex is quite real, it needs a bit of math, and most importantly - no zhadnosti.Kak and many other traders at first I tried to take on each transaction to the maximum, which often resulted in subsidence, loss and slivam...
The basis for all indicators The moving average is probably the most simple to use and understand of all the major technical indicators. It’s simply the past x periods divided by x. This has a smoothing effect, as near-term price movements are registered in scope of the period of activity (x...
What are Trend lines? Trend lines are lines drawn on the historical price levels that depict general direction of where the marking is heading, and provide indications of support or resistance. Drawing trend lines is a highly subjective matter...
Many novice forex traders start their careers by jumping into the markets head first and attempting to learn by trial and error. However, in many cases this is not the best thing to do...
The existence of a trend in any market depends on a series of relative highs and lows. Two consecutive relative highs, each above the previous relative high, and two relative lows above the previous low would be constitute a tentative up-trend. A third relative high would confirm the trend...
Surprising, but traders are also human beings, and as all humans, they have their own superstitions, omens, symbols of fortune and bad luck, etc...
From daily chart, this pair are still in channel down, and major target for bearish at major fibonacci support at 1.3220 level. If we look inside smaller timeframe, new resistance level perform at fibonacci 61.8 at 1.3440 with target at 1.3322...
