EUR/USD opened with a Gap over the weekend but managed to close the Gap moving on bullish bias for the first half of the week however failed to break above 1.2600 psychological resistance levels. Read More
With the major events done with last week, this week we head into a relatively quiet phase before activity picks up towards the mid-week with focus on Eurozone Read More
The all important US non-farm payrolls will be released today at 0830 EST or about 1230PM GMT. As inflation and unemployment being the two main indicators that the Fed is watching. Read More
Key Notes for November 6th
German factory orders m/m lower at 0.8%, y/y decline by -1%
Uk industrial production m/m rises 0.6%, more than expected; manufacturing production m/m up 0.4%
BoE leaves interest rates unchanged at 0.5%… Read More
For traders looking for a trend following strategy, there is nothing better and simpler than using the moving average. One of the commonly used indicator, the moving averages form the basis for many different trend following strategies.
In… Read More
Bollinger Bands® is an indicator that is widely used for measuring volatility. It was developed by John Bollinger in the 1980’s, a long time market technician and well respected in the industry. Bollinger Bands® are based upon a moving… Read More
Heikin Ashi, is the Japanese name for a type of Candlestick pattern which slightly differs from how price is calculated and represented. The main difference between the Heikin-Ashi Candlesticks and the traditional candlesticks is that… Read More
Stochastics oscillator is one of the standard and default indicators that are widely available with most trading and charting platforms, including MT4. It is one of the most popular oscillators for measuring momentum of the closing prices… Read More