To identify the strength and weaknesses of currencies, using a currency strength meter has great importance. It acts as a graphical representation with which a trader can understand the strength or weakness of the currencies within the forex market. With the help of currency strength, traders can predict currency movements to make decisions about successful […]
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It is important to prepare yourself because a great deal of your time is about to be consumed now when you trade a 5-minute chart effectively. Of course, trading in the 5-minute chart is quite different from trading in the other time frames, but it is quite time-consuming. You need to perform a whole methodology
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TMA Bands Trading System is basically a trading system that is used for swing and intraday trading. It mainly consists of TMA bands, super trend, trend identification ribbon, and pivot points. It also includes an indicator that indicates market conditions like oversold and overbought. TMA bands measure volatility. Volatility will be high in the market
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Talking about three white soldiers, it is a bullish candlestick pattern responsible for predicting the reversal of the current downtrend in any pricing chart. This entire pattern is based on three consecutive long-bodied candlesticks which open through the previous candle’s real body and closing that exceeds the previous candle’s high. These candlesticks do not have
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The term “insider” combines various types of information that are important but non-public and, moreover, are often intended exclusively for official use. It is believed that the disclosure of insider information is unacceptable, and even if it does happen, it entails noticeable consequences. In the economic sphere and in the context of financial markets, such
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There are several candlestick patterns to learn. However, we have chosen two of the most common patterns that help the beginners to easily build understanding of the market. Doji candlestick – Forex candlestick pattern Finding this type of figure on the chart will not be difficult since it is distinguished from the total mass by
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Tuesday, the dollar hovered around two-week lows against a basket of currencies. This week, US employment data will be closely watched by investors for clues about when the stimulus will be reduced. In the meantime, the Chinese yuan didn’t pay much attention to the polls conducted by product manufacturers and service sectors. Following Friday’s remarks
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Engulfing is a well-known reversal pattern on a chart that consists of two candlestick patterns, but one pattern will engulf the other. In this case, it is important to correctly distinguish the type of pattern – it will depend on which candlestick pattern is dominant. There are two types of engulfing in total – bearish
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For trading major currency pairs, 50 pips a day Forex strategy is getting extremely popular among traders. With the help of this technique, traders can easily identify the early market move of their trading instrument. But this trading strategy can be applied to the currency pairs of EUR/USD or GBP/USD. But if you still want
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A few hints about bond purchases may come from Powell. The most likely answer is that he does not mention what time the bond buyback will be terminated. Analysts said that Federal Reserve Chairman Jerome Powell’s speech at an economic conference in Jackson Hole on Friday would likely offer several hints about when the central
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