It ‘s not only the outlook on shrinking interest rate differentials between the euro and the USD that puts pressure on the euro: Weak stock markets, influenced by bad news again from the financial sector ignited some flight to the Greenback, considered now as the saver haven, the same as with the yen, now the [...]
The Average True Range is an indicator of volatility. It was developed by J. Welles Wilder in 1978. As well as the many other indicators, first it was created for the commodity markets, which are more unsteady than shares, and for the prices at the end of day. Nowadays it’s widely used in Forex market, [...]
Entry Setups: (Remember, entry setups tell us when a possible trade is near. Entry triggers tell us to do the trade now.) Range contraction setup: Many technicians have observed that big moves often emerge from quiet sideways markets. These quiet periods can be detected quite easily by comparing a short period ATR with a longer [...]
Today we’re going to talk about the support and resistance level. It is essential to be able to see the support and resistance level because you can find a pivot point and make a nice short term profit. A support is a virtual barrier that prevents the price from falling. A resistances is a virtual [...]
I thought today I could get into a little more about the best forex trading signals. This is probably the most important things you need to learn after you get the basics down. You need to able to look at a graph and go “hey, that currency will probably go up, I should buy.” All [...]
