Technical analysis is a method of forecasting how prices and trading will move based on those forecasts. It examines past price data, the volume of trades, and market movement to forecast how the market will behave. There are numerous applications for technical analysis. Some traders use it as their primary form of market analysis. But […]
Tips for Trading with Technical Analysis for the Beginners Read More »
A forex trader considers indicators crucial when making decisions. They help them understand when the foreign exchange market is an excellent time to buy or sell, which helps them make informed trading decisions. It is a well-known fact that these indicators play a crucial role in technical analysis, and every technical analyst or fundamental analyst
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In some ways, technical analysis may seem easier and simpler than fundamental analysis when trading Forex. However, the truth is that it takes some time to learn. Starting, Forex traders often have difficulty understanding the technicals. Building familiarity with the charts requires quite a bit of practice. FX traders with some experience, even intermediate ones,
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Fundamental and technical analysis are the two major bodies of trading literature. With these two bodies, traders can make informed investment decisions to gain profitable results. Thus, it enables the investor to decide whether to hold, buy or sell any asset in a regulated market. To help you differentiate between technical and fundamental analysis, we
Technical vs. Fundamentals: What is the best? Read More »
IMF approves €657 million bailout tranche for Portugal The International Monetary Fund (IMF) approved the seventh tranche of Portugal’s bailout Wednesday and gave the country more time to meet its budget-cutting goals. The IMF will disburse the next tranche worth €657 million after the successful review of a bailout program that started in 2011. Meanwhile,
Forex Technical & Market Analysis: June 13 2013 Read More »
EUR Prime for a Breakout on ECB The euro is prime for a breakout. Unlike other major currency pairs, EUR/USD traded in a relatively tight range throughout the European and North American sessions. On a technical basis, the currency pair stayed between the 100 and 200-day SMAs for the past 48 hours, which reflects the
Forex Technical & Market Analysis: June 06 2013 Read More »
Fitch cuts Cyprus to B-, negative outlook Fitch Ratings has downgraded Cyprus’s long-term foreign currency issuer default rating by one notch to ‘B-‘ from ‘B’ while keeping a negative outlook due to the country’s elevated economic uncertainty. The rating agency had placed Cyprus on negative watch in March. With this decision, Fitch pushed Cyprus further
Forex Technical & Market Analysis: June 04 2013 Read More »
Keep an eye on the oil market after Chavez’s death Following the breaking news of Venezuela’s president Hugo Chavez death, which has no direct impact on the currency market, traders should, nevertheless, keep an eye on the Oil market, as it may produce some volatility. Venezuelan Vice President Mr. Maduro is expected to win the
Forex Technical & Market Analysis: June 03 2013 Read More »
