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Moving Averages Convergence Divergence (MACD) is a lagging indicator, but is very useful on trending market. This article will reveal how we can predict price trend using this particular indicator.
Euro reached its lowest point since December 2013, and the GBP experienced a slip after attempting to maintain 1.6500. Will the bearish trend continue to worsen?
The Fed have decided on cutting further 10billion USD from their stimulus program. The move was already predicted ahead by the market, and resulted in a mixed trading afterward. USD noted slight moves against its major currencies counterparts. The only suprise on the block is Yen, which is strengthening amidst emerging markets panic. Is this a mark of new trend?
Improve your trading strategy by banishing negative thoughts from your mind. Here are three thoughts that may intrude and destruct your forex trading today.
This strategy could prove to be an easy way to look for trading opportunities. We only need to look at the price action signals for confirmation.
If there is one indicator most widely used by the big guns (i.e: financial institutions, banks, etc), it is the 200-day Simple Moving Average (SMA).
Despite the unsatisfactory NFP results, which raised concerns about the possibility of resuming tapering measures, certain Fed officials remain optimistic about the situation.
EUR/USD shot to the peak in almost 4 weeks after PMI releases by Markit Economics yesterday. Eurozone PMI was at its highest since June 2011. No less impressive is German PMI, the central player in the region. For several hours, the market forgets tapering which is going to be talked about in next week's FOMC meeting.
Moving Average is an extremely popular indicator that is commonly featured in trading platforms. It helps trader to understand the overall pattern of price movement.
Learning the characteristics of currency pairs will help you understand the pattern of price movement that will help your analysis. Here are the characteristics of the four major pairs in forex trading.
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