W1 price is located below and near 200 SMA and 100 SMA for the primary bearish: the price is ranging between 1.4565 support level and Fibo resistance level at 1.5929: 1.4565 support level is located below 200/100 SMA which are located far below this level; Fibo resistance level at 1...
Chart Prepared by Jamie Saettele, CMT The fixing extent since the May high could make a triangle inside of a bigger development from the March low...
NZD/JPY: bearish is more likely. The pair is on bearish with daily and weekly trend but if we look at intra-day situation so we see the reversal to the bullish. иBut do not be fooled - this pair is making bearish irrespective off the situation for example...
Daily Chart Prepared by Jamie Saettele, CMT Mechanize exchanges with Mirror Trader and see thoughts on other USD crosses - "The last a few July's have been critical for USDOLLAR. An essential top enlisted in July 2013. In 2014 (low was June 30th and rally started on 7/2), a critical low framed...
W1 price is located to be above yearly Central Pivot at 114.36 and below R1 Pivot at 127.96: The price is on bullish ranging between Central Pivot level at 114.36 and R1 Pivot level at 127...
Most price action traders place buy or sell stop orders with a pre-determined stop loss level, and a take profit or target level...
Trading range: the market moves up and down within a consistent range without establishing a definitive trend in one direction Consolidation: the range of price's movement constricts as the market becomes directionless Reversal: the market moves in the opposite direction from the previous trend...
How the market reacts to economic releases is generally determined by two factors: How important the market considers a particular release to be. How close to market estimates the number comes in at...
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Humans in general grow up being taught by their environment of the importance of always being right. Those who are right are envied as the winners in society and those who are wrong are cast aside as losers...
One of the most common mistakes is sticking in a trade where you know your forex trading strategy is correct, but the market continues to move against you. Famous economist John Maynard Keynes once said: “The markets can remain irrational longer than you can remain solvent”...
Consumer Price Index (CPI) measures the price that consumers pay for those goods. Released at 8:30 am eastern standard on approximately the 15th of each month, the Consumer Price Index (CPI) is a measure of the changes in prices paid by urban consumers for a fixed basket of goods and services...
1. At the center or first level of the market is something known as the Interbank market. While technically any bank is part of the Interbank market, when an FX Trader speaks of the interbank market he or she is really talking about the 10 or so largest banks that make markets in FX...
Oscillator Currency Oscillator Currency is the system making fluctuations that is which indicators periodically repeat in time. Oscillator Currency - the indicator of the technical analysis which characterizes a condition of an overbought or an oversold of the market...
Technical Strategy team at Barclays Capital is continuing to make forecasting based on technical analysis. For now - we are having some signals for AUDUSD, NZDUSD and USDCAD. AUDUSD: 'We are bearish and would use any upticks as opportunity to sell against resistance in the 0.7600 area...
H4 price is on bearish market condition with ranging between Senkou Span A line (which is the border between primary bullish and the primary bearish on the chart) and 1.0972 support level. Chinkou Span line is crossing the price from above to below for good possible breakdown in the near future...
Day Trading and Swing Trading the Currency Market: Technical and Fundamental Strategies to Profit from Market Moves by Kathy Lien Discover a variety of technical and fundamental profit-making strategies for trading the currency market with Day Trading and Swing Trading the Currency Market...
W1 price is located above 200 period SMA for the primary bullish and below 100 period SMA for the secondary ranging market condition between 141.05 resistance level and 126.09 support level: the price is on bullish ranging between key levels; price crossed 38.2% Fibo at 135...
Harmonic Trading, Volume One: Profiting from the Natural Order of the Financial Markets by Scott M. Carney...
