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Level 2 and level 3 set up of moving averages, fibo, zz and chart patterns indicate the improbability of a price rise...
Definition - What does Volume mean? Volume is a measure of the total value of a market move. Volume is used to gauge the strength or weakness of a particular trend. If a trend is accompanied by high volume, it is seen as a sign that the trend will continue for some time...
I had mentioned in my previous post https://www.mql5.com/en/blogs/post/649256 that the gold price might spike up to 1118, but the gold price went up till 1124...
The very grim truth in this world is “NOBODY KNOWS WHERE THE PRICE WILL MOVE”, so no matter how good we think our system is there is always risk involved and loss is just inevitable. That’s why risk management should be an integral part to our trading system/strategy...
Japan's stock market suffered in the recent weeks together with the rest of Asia, but its shares may actually get a boost from a Federal Reserve rate hike...
BNZ made a forecast for NZD/USD up to March 2017 estimating for this pair to be in 0.600 psy level by March 2016 up to September 2016. As we see from the weekly chart - the nearest support level for this pair is 0.6102 so BNZ is planning for this level to be broken by March this year to 0...
The Butterfly Pattern The general extension structure of the Butterfly pattern was discovered by Bryce Gilmore. However, the exact alignment of ratios was defined in Scott Carney's 1998 book, "The Harmonic Trader." This has become the industry standard for the structure...
On Tuesday the Swiss National Bank (SNB) decided to keep its main interest rate at -0.75 percent, signalling that the local currency was "significantly overvalued...
USDJPY: With the pair remaining on recovery path, we look for more upside pressure to occur in the days ahead. This leaves the 121.32 level, its Sept 10 2015 high as the next upside target. A cut through here will set the stage more strength towards the 121.73 level, its Aug 28’2015 high...
On Thursday the greenback remained lower against its peers, shrugging off data that showed that U.S. jobless claims fell more than expected last week...
A survey of more than 6,000 members of the Federation of Small Business (FSB) indicated that 47% would vote to stay if the referendum was held today, with 41% against and 11% undecided. Just over 1% said they would not vote or preferred not to say, The Guardian reports...
Recently, we have reported on the addition of analytical objects and two-factor authentication in the MetaTrader 5 Android. Now, the same features are available in the new MetaTrader 4 Android build 846...
Gold prices were trading close to their highest level in a week on Thursday as weak U.S. inflation data weighed on the dollar and raised hopes that the Federal Reserve would hold off hiking interest rates...
Like it or not, what the Fed decides to do later in the day will affect the value of the bitcoin that you hold, at least in the short term...
Current trend The GBP/USD strengthened significantly, supported by strong labor market statistics, released in the UK on Wednesday. From May to July, Average Earnings including Bonus grew by 2.9%, compared to the same period last year. It is the highest growth for the last 6-1/2-years...
It is almost impossible to justify interest rates being at near-zero given "the cumulative improvement in the economy over the past few years means," says Paul Ashworth chief, U.S. economist at Capital Economics...
The following are UBS' latest short-term (mostly intraday) trading strategies for EUR/USD, AUD/USD, and USD/CAD. EUR/USD: The two likeliest outcomes for today's FOMC meeting are a 'dovish hike' or a 'hawkish hold'...
BNZ made a forecast for EUR/USD up to March 2017 estimating the bearish condition to be continuing in 2015, ranging in 2016 and bear market rally in 2017. As we see from the weekly chart - the nearest support levels are 1.0924, 1.0807 and 1.0461. So, according to BNZ: 1...
The pound was slightly higher against the U.S. dollar on Thursday, after data showed that U.K. retail sales rose in line with expectations in August. Earlier, the Office for National Statistics (ONS) reported that UK retail sales volume rose by 0...
