-
Forex Broker Services – Part I
Thursday, February 11, 2010 - 4:08am | 261Read More...Forex brokers provide their services in two ways: • Phone-in Service: where people can call in and trade. Phone-in trading has its demerits because forex market information changes fairly rapidly. So if you are calling your broker and even if it connects on the first try, the forex market...
-
The Role Of Commodity Channel Index (CCI) In Forex Trading
Tuesday, February 9, 2010 - 6:32am | 372Read More...Developed by Donald Lambert, this method measures the relationship between a currency pair’s price, its moving average (MA) and the average’s normal deviations (D). It helps determine whether a pair has been overbought (overvalued) or oversold (undervalued). In the forex market, the CCI helps...
-
Stochastic Non-Trending Indicator For Forex Trading
Monday, February 8, 2010 - 3:58pm | 211Read More...The indicators of the stochastic non-trending indicator get activated in three ways: • Stochastic Oscillator Crossovers: The Stochastic Oscillator generates a buy signal when it falls below 20% and then rises above it. It activates a sell transaction signal when it rises above 80% and then falls...
-
Dramatic Events Force Forex to Volatility Highs
Friday, February 5, 2010 - 10:32am | 203Read More...The US Non-Farm Payrolls has just been posted registering a drop of 20k compared to an expected gain of 15k. Despite the additional job losses, the US Unemployment figure dropped to 9.7% from 10% during January as a possible result of previous month’s adjustments. During the night, increased risk...
-
Drawbacks Of Relative Strength Index (RSI)
Friday, February 5, 2010 - 6:56am | 358Read More...The overbought & oversold indications of the RSI don’t always give the true forex market picture because the RSI (a non-trend following indicator) and the market trend share an inverse relationship. So whenever the market exhibits a strong trend, the RSI loses its value and vice versa, which...
-
Spain and Portugal Drag Euro Down
Thursday, February 4, 2010 - 9:58am | 195Read More...The European Central Bank confirmed in the last hour that it will keep its Interest Rates unchanged at 1.00%. This announcement has followed a poor night for the Euro as the Euro-zone is currently plagued by growing fiscal concerns for some of its member countries. Both Spain and Portugal are now...
-
Uses Of The RSI Indicator In Forex Trading
Thursday, February 4, 2010 - 5:41am | 368Read More...Introduced in 1978 by Welles Wilder in his book “New Concepts in Technical Trading Systems,” the Relative Strength Index (RSI) oscillator is a Momentum indicator that measures the relative difference between closing prices of the higher and lower range. Thus, RSI = 100 – [100 / (1 + RS)]; where RS...
-
Greek Plan aids Euro Despite Chinese Concerns
Wednesday, February 3, 2010 - 8:59am | 193Read More...Increases in risk appetite helped the Euro gain more ground during the night with the EURUSD rising as high as 1.4020 before retracting to its present value of 1.3995 (see hourly Chart). Both the safe-haven Dollar and Yen fell upon the news that the European Commission intends to back Greece’s...
-
G7 could discuss Chinese Yuan
Tuesday, February 2, 2010 - 8:49pm | 122Read More...The EURUSD has managed to strengthen during the day by rising to its present value of 1.3970. The dollar continues to trade sideways with the USDYEN now sitting at 90.50. Currencies issues are expected to be discussed at this week’s G7 meeting being held within the Canadian Arctic Circle. Some...
-
Dollar Ranges whilst Euro Makes Slight Progress
Tuesday, February 2, 2010 - 9:50am | 254Read More...The Dollar made mixed headway during the night with the EURUSD climbing slightly to its current value of 1.3935 (see hourly chart) whilst the USDYEN fell from its highs of 90.90 to 90.55 presently. This range trending is expected to continue through the week as the markets prepare themselves for...
-
Non-Trend Following Indicators or Oscillators
Tuesday, February 2, 2010 - 7:04am | 399Read More...The weakness of the moving average method is related to the calculation of buy/sell opportunities by working on past data. The slow prediction of buy/sell chances that are available is attributed to the problem of time lag that occurs as faster average (short-term average) takes longer to cross the...
-
Non-Trend Following Indicators or Oscillators
Tuesday, February 2, 2010 - 7:04am | 399Read More...The weakness of the moving average method is related to the calculation of buy/sell opportunities by working on past data. The slow prediction of buy/sell chances that are available is attributed to the problem of time lag that occurs as faster average (short-term average) takes longer to cross the...
-
Better Month Start for Euro
Monday, February 1, 2010 - 9:57am | 154Read More...The Euro enjoyed a stronger night after losing three percent against the Dollar and six percent against the Yen during January. The EURUSD climbed higher after the release of better than expected PMI data and now posts 1.3930 (see hourly chart). Expert consensus still views the EURO has one of the...
-
Moving Average Convergence & Divergence Indicator (MACD)
Monday, February 1, 2010 - 7:14am | 443Read More...The weakness of the moving average method is related to the calculation of buy/sell opportunities by working on past data. The slow prediction of buy/sell chances that are available is attributed to the problem of time lag that occurs as faster average (short-term average) takes longer to cross the...
-
How to Trade with the Moving Average Part II
Friday, January 29, 2010 - 3:56pm | 346Read More...One of the important groups of technical indicators is trend indicators. Trend indicators allow traders to follow market trends and signal the closing of a trading position when there is a trend change. However, in a market that does not follow trends, price volatility in the sideways, horizontal...
