What is the one word that makes the forex market move? Is it technicals? Is it news? Is it momentum? Is it fundamentals? The answer is none of the above. So what is the one word...
Weekly FX Charts Outlook GBPUSD Weekly Charts Outlook Supports : 1.29700 , 1.27350 & 1.24850 Resistances: 1.31350 , 1.31850 & 1.32750 As long as above 1.29700 Bullish. If it can’t surmount 1.31850 next week, this might...
Weekly FX Chart Outlook – October 7-11 There is a light economic calendar in the week ahead as traders are left to digest the stronger US September jobs report, which has all but factored out a...
Newsquawk.com Highlights include US CPI, RBNZ, Minutes from FOMC, ECB and RBA, Canada jobs, and UK GDP Newsquawk Week Ahead Highlights for October 7-11 MON: Mainland China market holiday TUE: RBA Minutes, EIA STEO WED: RBNZ Announcement,...
If I Was in Fed Chair Powell’s Shoes… If I was in Fed Chair Powell’s shoes, I would pat myself on the back and just look to confirm what economists are forecasting, which is for 75bps...
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Forex Trading Glossary – L Lag The number of bars that an indicator trails the current price. For example, a moving average will peak by a number of periods after the market price peaks. This period is...
Weekly charts Aug 3. USDJPY WEEKLY CHART – WEEKLY OUTLOOK It took 18 weeks to go from 145.89 => 161.93 and 4 weeks to almost fully retrace the move. Potential targets are at 145.89 (and 145.00) as...
Forex Trading Glossary A-B ABC Wave A term used in Elliott Wave that describes a simple correction after a trending move. It is comprised of three-wave (waves A, B and C) forming a corrective or countertrend price...
Weekly Charts 28.07. – 02.08. EURUSD Weekly Chart Resistances at : 1.08600 , 1.09500 & 1.09700 Supports at : 1.08350 , 1.08050 & 1.07450 Major Support comes at 1.06800 Major Resistance at : 1.09700 Pattern...
Heikin Ashi Candlestick Chart vs. Traditional Japanese Candlestick Chart Is the Heikin Ashi candlestick chart different from a traditional Japanese candlestick chart? Yes! The two have similar appearances, and that leads some to think that they are...