About Forex Technical Analysis
Forex or Foreign Exchange is the largest international market for trading of foreign currencies between large banks, money speculators, financial institutions, multinational corporations and...
View ArticleSupport and Resistance Levels
Support and resistance are respective price levels at which prices stop going down or up. Support levels indicate the price at which most traders believe that prices will move higher. Resistance levels...
View ArticleTrend Channel and Range
A channel is formed when the currency fluctuates in the middle of two parallel trendlines, i.e. between the resistance and support levels. To display a trend channel, we first draw a trendline. In the...
View ArticleThe Head and Shoulders Pattern
The head and shoulders pattern is a term used in technical analysis that refers to a pattern in which there is one high peak between two lower peaks, thus resembling a head and two shoulders. The...
View ArticleUnderstanding the Meanings of Overbought and Oversold
The terms “overbought” and “oversold” are commonly used by analysts when talking about the condition of the market. These terms appear to be complex but they can be simple to understand. They are very...
View ArticleUsing Trend Lines for Support and Resistance
We always recommend to new traders taking the Daily FX Course to use support and resistance as one method to help time their entries and exits. One of the best tools for determining support and...
View ArticleWhat a Trend Change Looks Like
With expectations of USD strength in 2010 by many analysts, it might be a good time to look at what a trend change looks like on a chart. The current EUR/USD daily chart shows a good example of what to...
View ArticleMultiple Time Frame Analysis
Multiple Time Frame Analysis is the practice of analyzing a currency pair by looking at the same pair through several different time frames on charts. The advantage here is that by looking at a larger...
View ArticleDetermining the Trend
You may have heard the expression “the trend is your friend”. Well, that could not be more true when it comes to trading. Being able to identify the trend on a currency pair — the direction in which...
View ArticleBasics of Technical Analysis
In this lesson we will go over the various types of charts that are available to traders to conduct technical analysis of a currency pair. Types of Charts Technical Analysis all comes down to the...
View ArticleSupport and Resistance
Of all the strategies used to identify an entry into a trade, the use of support and resistance may be one of the more reliable. A move up through resistance or down through support serves as some sort...
View ArticleForex Technical Analysis
Forex traders who employ technical analysis techniques often just use past exchange rate movements seen in the market to forecast the future exchange rate behavior. Technical analysis takes many forms,...
View ArticleThe stochastic oscillator – a harmonious system of trading
In the section of technical analysis we have presented the stochastic oscillator. We have talked about what it is, how it is calculated, what its graphic representation is and how it influences trading...
View ArticleWilliam Gann – A Legend
1. Who was William Gann? William Delbert Gann was born June 6, 1878, in Lufkin, Texas, to Sam H. and Susan R. Gann, immigrants to Texas from the British Isles. Lufkin is midway between Houston and...
View ArticleDo moon phases influence financial markets?
Our opinion is that they do! Let’s find out if we are right… We will tell you what moon phase means and what new moon and full moon is. We will find out when these events happened last year. We will...
View ArticleImportant aspects between planets and their influence over financial markets
In this article we will discuss about “important aspects” in astrology. These are astrological aspects between planets lasting a long period of time (at least 3 or 4 months) and having a strong...
View ArticleMoon Void of Course Periods
We will explain what moon void of course is, the influence this astrologic event has over people and what happens during these periods on the financial markets. We will study the graphics for DOW and...
View ArticlePerigee and Apogee of the Moon
In this article we will talk about the perigee and apogee of the moon and the influence they have on the events in the financial market. Is there any connection between these astrological moments and...
View ArticleRahu and Ketu
We will discuss in this article about some concepts in Vedic astrology. We will find out the meaning of Rahu and Ketu, their significance and the effect these ”planets” have according to the Indian...
View ArticleRetrograde motion of Mercury and Venus
In this article we will discuss about retrograde planets. We will see the influence this astrological aspect has over people (traders included!). We will find out when these aspects happened in the...
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