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EURUSD Technical Analysis 9-7 The pair shows sideways trading today after breaking yesterday the 1.12 level due to worst than expected ISM number from USA, EURUSD affected by stochastic negativity that might push the price […]
GBPUSD Technical analysis The pair has moved above the July high at 1.3371 and keeps trading higher. Weaker data out of the US, ISM non-manufacturing PMI down to 51.4 in August, lowest in 6 years, is […]
DAX Technical Analysis The index is testing the resistance at points 10750. Faillure to break above would give a negative reaction. The index is assessed as technically negative for the medium long term. The index […]
Relative Strength Indicator – RSI Relative Strength Index is a so called momentum indicator that is very popular to use in technical analysis of financial instruments. Relative Strength Indicator is a momentum indicator that compares […]
Technical Analysis of GBPUSD The pair has fell to strong support area near a cluster of support defined by the 100 bar MA on the 4-hour chart, the 200 hour MA and the 100 hour […]
Dax30 Technical Analysis DAX30 has now risen up towards the ceiling of the trend channel, which should give a reaction down. The index is approaching the resistance at points 10260, which may give a negative […]
AUDUSD touching the lows AUDUSD has moved to new lows in the last hour touching 0.7259. The weaker than expected US Employment Cost index on Friday put an end to that break. In fact the […]
How to Draw Trend Lines If you want to draw an upward trend, choose two ascending low points and join them with a straight line to make an upward trend line. In a downward trend, […]
Trend Trading Forex traders who search for a method that is low maintenance while allowing for access to nice market moves usually turn to trend trading. Trend trading is a strategy that allows you to […]
What is Support and Resistance? What Does Support Mean? A support level is the price at which buyers are expected to enter the market in sufficient numbers to take control from sellers. The market has […]
