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...
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...
Eurozone countries’ finance minister meeting with Greece on Brussels, last Monday, May 11, included the Greece’s unpaid debt...
A quantitative trading system consists of four major components: Strategy Identification - Finding a strategy, exploiting an edge and deciding on trading frequency Strategy Backtesting - Obtaining data, analysing strategy performance and removing biases Execution System - Linking to a brokerage...
Developed by Adam White and published in August 1991 in Futures Magazine Used for determining whether a market is trending or congested, or about to change from one to the other Useful within a technical trading system to determine which indicators are best-calibrated to the current market...
Tenkan-sen line is located below Kijun-sen line of Ichimoku indicator with 1.4565 support level on monthly timeframe chart for the bearish market condition to be continuing...
There are 4 types of MA: Simple moving average Exponential moving average Smoothed moving average Linear weighted moving average...
What is a False Breakout? A false breakout takes place when price appears to be making a renewed move in the direction of the trend only to be retraced...
In this article I will provide my view on the CHF/JPY and the GBP/AUD. These are the pairs that I am currently interested in or was interested in last week for trading with the FxTaTrader weekly strategy...
Here’s the market outlook for this week: EURUSD Dominant bias: Bullish Against all odds, and contrary expectations, EURUSD went further upwards last week. Starting near the support line at 1.1150, price climbed about 300 pips to end the week around the resistance line 1.1450...
Technical vs. Fundamental Technical analysis is the art of studying past price behavior and attempting to anticipate price moves in the future. These are traders that focus solely on price charts and often times incorporate indicators and tools to assist them...
The Currency Score analysis is one of the parameters used for the Ranking and Rating list which was published earlier this weekend...
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...
Looking at the larger picture, it should be obvious to the advanced trader that bitcoin price has likely reached an area of consolidation...
The Definitive Guide to Point and Figure: A Comprehensive Guide to the Theory and Practical Use of the Point and Figure Charting Method by Jeremy du Plessis Point and Figure charts are one of the great secrets of the Technical Analysis world...
ADX indicator is used to determine the strength of the trend: +DI- Positive Directional indicator –DI - Negative Directional Indicator You do need to know that: The +DI Line is representative of how strong or weak the uptrend in the market is...
Fundamental Forex fundamental centers mostly around the currency’s interest rate. Other fundamental factors are included such as Gross Domestic Product, inflation, manufacturing, economic growth activity...
As usual, let us start with a few words regarding our forecast for last week, which, overall, turned out to be quite accurate: - for EUR/USD we predicted that the pair, most probably, would continue to be in a sideways trend with fluctuations around the line of 1...
Despite recent fluctuations in the gold price, Peter Schiff, chief executive officer at Euro Pacific Capital, considers gold’s eventual climb will be $5,000 an ounce - 300% higher than the recent settlement on Comex...
