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 […]
Technical Analysis
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 […]
On-Balance Volume is a popular volume based technical indicator developed by Joseph Granville in 1963. This indicator lies onus on tracking the momentum by correlating the volume of the trades to the change in price of the underlying currency / stock. This indicator aims to look out for trends where higher number of buyers / […]
With the increasing timely improvements in Forex technical analysis tools, the year 1978 saw a new oscillating indicator “Relative Strength Index (RSI)” introduced by J. Welles Wilder. The Relative Strength Index (RSI) is a very famous momentum indicator. This indicator is often confused with other common names “Relative Strength” rankings or “Relative Strength” charts. Unlike […]