All indications as of late point to EUR/PLN heading for a downtrend in the near future. The last three chart patterns manifested by this pair indicate that resistance will probably prove to be too strong as buying pressure has waned off and on over much of the last year. Read More…
Category : EUR, Forex, Pairs, Patterns, Technical Analysis
Many forex traders keep a simple moving average, calculated over a 200-time period lookback period (MA-200), active on all their currency pair charts. Here’s why.
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Category : Pairs Tags : 200 ma, moving averages
It’s been estimated that currency pairs trade within defined ranges roughly 80% of the time. Breakouts, when they occur, tend to be sharp and sudden, providing forex traders with much of their profits. Read More…
Category : Pairs
Two common chart patterns for both long-term and short-term forex trading are double tops and double bottoms. These reversal patterns are simple to identify and provide profitable trading opportunities in any time frame.
Category : Pairs Tags : doubles, Doubles in forex trading, Forex, forex market, forex trading
Although it may seem redundant to even mention, there are two currencies graphed into each forex currency pair chart. This is the major difference between trading currencies, and trading any other financial security: stocks, commodities, and everything else are graphed strictly against themselves, but currencies are graphed against each other. Read More…
Category : Pairs Tags : currency pairs, Forex, forex currency pair, money trading
