Are you stranded on whether you should use technical indicators in 2021? This article will help you decide. Reading this article will impart you with the knowledge to win from forex trading effortlessly. It starts by describing the challenges you will likely experience while trying to understand and apply technical indicators. You will then find […]
Technical Analysis
A stochastic indicator is an excellent tool for determining oversold and overbought conditions within a particular period. Read on to understand more about this oscillator. The stochastic oscillator comes with two lines that are: The indicator that is defined by %K A signal line that indicates the 3-day SMA (simple moving average) of %K, also […]
Bollinger Bands (BB) provide useful signals during technical trades. If used with the Moving Average Convergence Divergence (MACD) indicator, traders get invaluable insight into the momentum and volatility in the forex market. The Bollinger Band and MACD Combo In this combination, traders use both Bollinger Bands and MACD for supporting trade set ups. Bollinger Bands […]
Bollinger Band is a tool used by technical analyzers, and defined by several trendlines that are plotted on a standard positive and negative deviation, away from an SMA (Simple Moving Average) of the price of securities, but is adjustable to a user’s preference. John Bollinger, a technical trader developed and patented the Bollinger Bands. The […]
GBPUSD technical analysis The Great Britain pound started its bullish recovery in the market after hitting the critical support level at 1.22042.This is the second bullish recovery attempt by this pair after the Brexit event in the global economy. During the Brexit event the great Britain pound suffered an extensive loss in the global economy […]
Professional traders widely used the 100 days EMA and 200 days EMA to trade the different pairs in the forex industry. When the 100 days 100 day EMA crosses above the 200 days EMA we consider it “bullish cross over” and when the 100 days EMA crosses below the 200 days EMA we consider it […]
We’ve already briefly looked at moving averages on this blog and the basic uses for them. They essentially give us a great indication of the overall direction of the market and smooth out the extreme peaks and troughs to give us a more balanced view of what’s going on. They’re an extremely popular type of […]
It used to be the case that fundamental analysis was the be all and end all of market speculation. All the famous traders, all the up and comers and everyone else in-between considered themselves a fundamental analyst. Technical analysis was a myth, a load of nonsense dreamt up by traders who couldn’t get fundamental analysis […]
If you are looking to secure a complete trading experience with the use of high level Fibonacci ratios, DiNapoli Indicators are the best. These indicators can be applied to Forex trading
The Chaikin Money Flow indicator, developed by Mark Chaikin, was an improved version of his previous discovered indicator ‘Accumulation / Distribution’. Given this fact, Chaikin Money Flow indicator is much similar to its kin ‘Accumulation / Distribution’. Still it differs from the latter as it does not taken in consideration the opening price, but the […]