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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...
Trading Systems
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Patti, 6 August 2014, 07:11
Stock prices started retreating this past week, driven by newfound concerns that good economic news is bad news for the stock market. What? Normally, good economic news is good news for the market, right...
Market News
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Volya, 6 August 2014, 04:12 #Janet Yellen, GDP
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...
Trading Systems
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Roman Smirnov, 5 August 2014, 21:58
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...
Trading Systems
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Sergey Golubev, 5 August 2014, 21:25 #resistance, support
CANDLESTICK REVERSAL PATTERNS A candlestick reversal pattern indicate a reversal of the trend. In order for this candlestick chart pattern to work beautifully, the prior market trend must be identified as either bullish or bearish...
Trading Ideas
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Patti, 5 August 2014, 18:05
Looks like the pound’s glory days are over! After its steady climb since the start of the year, the U.K. currency has been having trouble sustaining its gains and here are three reasons why it could be in for more selling. 1...
Trading Strategies
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BanwariLal Bamalwa, 5 August 2014, 16:52
European Services PMI ticks lower: 54.2 vs. 55.4 forecast, 54.4 previous European Composite PMI weaker: 53.8 vs. 54.4 previous U.K. Services PMI is higher: 59.1 vs. 58 forecast, 57.7 previous European Retail Trade m/m: 0.4% vs. 0.5% forecast, 0.3% previous; y/y higher at 2.4% vs. 1...
Currency
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BanwariLal Bamalwa, 5 August 2014, 16:42 #forex, EUR/USD
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...
Weekly Trends
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Volya, 5 August 2014, 16:11
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...
Trading Systems
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Natasya Saad, 5 August 2014, 13:56 #Trading Strategies
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...
Trading Systems
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Patti, 5 August 2014, 13:13
Surprising, but traders are also human beings, and as all humans, they have their own superstitions, omens, symbols of fortune and bad luck, etc...
Weekly Trends
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Angeliqi N, 5 August 2014, 12:49 #Wall Street
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...
Weekly Trends
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Dian Kemala, 5 August 2014, 11:46
Dow Theory asserts that major trends have three distinct phases: accumulation, public participation distribution. The accumulation phase represents the first part of the trend in which those who are well-informed buy or sell...
Trading Strategies
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Ray Steve, 5 August 2014, 11:23
What are support and resistance? Support levels are prices where buyers have shown or are likely to show strength. Resistance levels are prices where sellers are likely to be strong. Support Support levels essentially give the market a 'floor', since they are areas where buyers tend to be strong...
Trading Systems
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Damiano Fabiański, 5 August 2014, 09:15 #breakout, resistance, support
Three major types of charts 1. Bar Charts Bar charts provide traders with four key pieces of information for a given time frame: the opening price during that time frame; the closing price; the high price; and the low price. 2...
Weekly Trends
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Lonny Strike, 5 August 2014, 07:18
There are two major approaches to analyzing the currency market: fundamental analysis technical analysis. The fundamental analysis focuses on the underlying causes of price movements, such as the economic, social, and political forces that drive supply and demand...
Trading Strategies
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BlondieNews, 5 August 2014, 03:18 #fundamental analysis
Do you want to know why the market is selling? It’s really very simple. Too many people thought they could predict with certainty it would continue going up. This isn’t rocket science. How many of these programmers we’ve discussed anticipated the market going down...
Forecasts
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Mike Dennis, 4 August 2014, 22:22 #Nasdaq
Dark Cloud Cover Offered Warning Near Range-Top Harami Pattern May Find Limited Follow-Through The Australian Dollar may struggle to recover further ground despite the emergence of a Harami pattern on the daily, given sellers remain nearby at 0.9320...
Trading Systems
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Peter Gervas, 4 August 2014, 19:07
If H4 price will break 1.0943 resistance level on close bar so the primary bullish will be continuing. If not so we may see ranging market condition...
Trading Strategies
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Sergey Golubev, 4 August 2014, 18:01 #breakout, resistance, support
In a warning issued by the National Bank of the Kyrgyz Republic the users in the country have been warned against Bitcoin and other similar virtual currencies...
Events
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Rachael Taylor, 4 August 2014, 18:01 #bitcoin