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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...
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...
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...
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...
Surprising, but traders are also human beings, and as all humans, they have their own superstitions, omens, symbols of fortune and bad luck, etc...
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...
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...
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...
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...
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...
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...
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...
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...
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...
Fundamental Forecast for Australian Dollar: Neutral Australian Dollar May Rebound as Markets Retool Fed Policy Outlook Jobs Report May Overshadow RBA Rate Decision as Aussie Catalyst The Australian Dollar faced heavy selling pressure last week, with prices dropping through the bottom of a range t...
SIX BASIC TENETS OF DOW THEORY 1. The Average Discounts Everything One of the basic premises of technical analysis is the idea that the market reflects every possible factors, and information that can possibly affect overall supply and demand...
Every trader knows that the market is a periodic entity. It is not surprising. Weeks, days, sessions start over and over again by a global schedule. Montly reports, seasonal changes, and most other things happen regularly. And even the quotes themselves are organized into a series of uniform bars...
Fundamental Forecast for Gold: Neutral Gold the Commodity or Gold the Currency? Weekly Price & Time: Critical Test Coming Up For Gold Gold prices are lower for a third consecutive week with the precious metal off by 0.90% to trade at $1295 ahead of the New York close on Friday...
Fundamental Forecast for Yen: Neutral USDJPY Rallies as US GDP Rebounds Strongly in the Second-Quarter USDJPY Attempting to Breakout The USDJPY broke out of the bearish trend from earlier this year as the Federal Open Market Committee (FOMC) scaled back its dovish tone for monetary policy, but th...
