Support and Resistance is one of the concept in Forex trading. The concepts of support and resistance are undoubtedly two of the most highly discussed attributes of technical analysis and they are often regarded as a subject that is complex by those who are just learning to trade...
In this article I will provide my view on the GBP/JPY, CHF/JPY and the EUR/GBP. These are the pairs that I am currently interested in or was interested in last week for trading with the FxTaTrader weekly strategy...
When the CCI is high it shows that price is unusually high compared to the average price. When the CCI is low it shows that price is unusually low compared to the average price. When the CCI is high it shows that price is unusually high compared to the average price...
The Currency Score analysis is one of the parameters used for the Ranking and Rating list which was published earlier this weekend...
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...
