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Greek Plan aids Euro Despite Chinese Concerns
Wednesday, February 3, 2010 - 8:59am | 193Increases in risk appetite helped the Euro gain more ground during the night with the EURUSD rising as high as 1.4020 before retracting to its present value of 1.3995 (see hourly Chart). Both the safe-haven Dollar and Yen fell upon the news that the European Commission intends to back Greece’s...
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Dollar Ranges whilst Euro Makes Slight Progress
Tuesday, February 2, 2010 - 9:50am | 254The Dollar made mixed headway during the night with the EURUSD climbing slightly to its current value of 1.3935 (see hourly chart) whilst the USDYEN fell from its highs of 90.90 to 90.55 presently. This range trending is expected to continue through the week as the markets prepare themselves for...
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Non-Trend Following Indicators or Oscillators
Tuesday, February 2, 2010 - 7:04am | 399The weakness of the moving average method is related to the calculation of buy/sell opportunities by working on past data. The slow prediction of buy/sell chances that are available is attributed to the problem of time lag that occurs as faster average (short-term average) takes longer to cross the...
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Non-Trend Following Indicators or Oscillators
Tuesday, February 2, 2010 - 7:04am | 399The weakness of the moving average method is related to the calculation of buy/sell opportunities by working on past data. The slow prediction of buy/sell chances that are available is attributed to the problem of time lag that occurs as faster average (short-term average) takes longer to cross the...
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Moving Average Convergence & Divergence Indicator (MACD)
Monday, February 1, 2010 - 7:14am | 443The weakness of the moving average method is related to the calculation of buy/sell opportunities by working on past data. The slow prediction of buy/sell chances that are available is attributed to the problem of time lag that occurs as faster average (short-term average) takes longer to cross the...
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How to Trade with the Moving Average Part II
Friday, January 29, 2010 - 3:56pm | 346One of the important groups of technical indicators is trend indicators. Trend indicators allow traders to follow market trends and signal the closing of a trading position when there is a trend change. However, in a market that does not follow trends, price volatility in the sideways, horizontal...
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How To Trade In Forex With The Moving Average Part I
Thursday, January 28, 2010 - 5:35am | 294One of the important groups of technical indicators is trend indicators. Trend indicators allow traders to follow market trends and signal the closing of a trading position when there is a trend change. However, in a market that does not follow trends, price volatility in the sideways, horizontal...
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Technical Indicators In Forex Trading Part II
Wednesday, January 27, 2010 - 6:24am | 434A technical indicator offers an objective and calculation-based method to analyze a currency pair and its price. Since technical analysis involves analyzing and understanding the historical price and/or movement of currency pairs, technical indicators are also known as delayed indicators. To know...
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YEN Surges after Chinese Monetary Moves
Tuesday, January 26, 2010 - 11:01am | 215Today, China activated an immediate increase in the required reserves of some of its banks. This action sparked intense selling of Asian stocks that resulted in the YEN soaring against other major currencies. The markets are fearful that China’s central bank may take additional action to restrict...
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Technical Indicators in Forex Trading
Tuesday, January 26, 2010 - 6:27am | 237A technical indicator offers an objective and calculation-based method to analyze a currency pair and its price. Since technical analysis involves analyzing and understanding the historical price and/or movement of currency pairs, technical indicators are also known as delayed indicators. The two...
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Currencies Consolidate despite Poor US Home Sales
Monday, January 25, 2010 - 5:41pm | 134The release of the US existing home sales figure today were very disappointing as they fell by 16.7% during December recording the sharpest drop in 40 years. With demand falling and housing stock rising, sellers will almost certainly have no choice but to consider dropping their prices further....
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US Dollar Weaker On News of Bernanke Winning Second Term
Monday, January 25, 2010 - 2:59pm | 158The US dollar is trading broadly lower in the currency markets today, after reports of Federal Reserve Chairman Ben Bernanke edging closer to winning a second term dimmed the appeal for the currency. The Australian dollar and New Zealand dollar recovered from their weakest level achieved over the...
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Money Management in Forex
Monday, January 25, 2010 - 5:48am | 484Money management in the Forex market, like any other financial market, deals with an investor’s risk quotient in the market. As the chances of success or failure in the forex market are equal (50:50), a good forex money management strategy should include the following: • Monitor your trading...
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Forex Trading Psychology
Friday, January 22, 2010 - 7:44am | 212The Right Mindset: The most important factor, over and above good technical analysis tools and timely market information, is the mindset of a trader. A practical trader does not hope to make profits out of a losing transaction without a reason and never expects to achieve exponential profits...
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New Chinese Policy Boosts Dollar
Tuesday, January 19, 2010 - 6:43pm | 139A new Chinese move to tighten its monetary policy increased risk aversion today providing the Dollar with a secondary boost after an initial one was generated by net capital flows into US assets rebounding during November. The Euro, however, continued to suffer following a deterioration in German...