Sergey Golubev / Blog
The euro fell to fresh nine month lows against the dollar on Wednesday, as weak euro zone economic data and renewed concerns over the crisis in Ukraine pressure pressured the single currency lower. EURUSD was down 0.26% to 1.3333, the weakest level since November 8...
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...
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...
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...
For most new traders, the biggest challenge is getting a profitable strategy that works for the long term. Usually, trend-following systems are favored because they tend to have a very good risk-to-reward ratio...
Argentina refuses to be "extorted" and defaults on $539m. Unemployment is declining and GDP is growing by 3%. On Wednesday, Argentina defaulted failed to pay a $539 million interest payment...
D1 price is on primary bearish market condition with 1.3366 neatest support level to be broken for the bearish to be continuing...
Prices broke above another layer of resistance after reversing upward as expected having put in Bullish Engulfing candle pattern. Near-term resistance is at 10560, which is 50% Fibonacci retracement. Daily close above that exposes 61.8% level at 10606...
Managing risk is a concept all traders need to come to grips with when creating an active trading plan. This is especially important when trading a scalping or day trading based strategy...