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In previous posts within this series, we have covered, Bollinger Bands and moving averages, where we’ve shown how each technique can help determine the trending condition of an asset. If you haven’t already, please look back at our timeline to view these posts.
Now we want to look at another trending indicator, which can help to provide a quick and easy read of...
GBPUSD – Can The Rollercoaster Price Action Continue?
What a difference a day can make to market expectations and positioning. GBPUSD was riding high around 1.2720 late Wednesday afternoon on the back of stronger UK wage growth and inflation (CPI) readings from earlier in the week, creating some uncertainty about what its next directional move maybe.
Then,...
Those of you that follow USDJPY and yen crosses in general, know how quickly they can change direction within a short time frame, especially when there are big event drivers like the Federal Reserve (Fed) and Bank of Japan (BoJ) interest rate decisions scheduled within 12 hours of each other.
That is the case tonight, with the Fed interest rate decision released...
The US 100 has been on a roll over the last 2 weeks adding around 800 points or about 3.5% since its opening level of 20,950 on Monday December 2nd.
This week however, the US 100’s December rally faces a tough test on Wednesday in the form of the Federal Reserve Interest Rate Decision (1900 GMT) and the Press Conference led by Chairman Jerome Powell (1930 GMT)....
In a past post, we looked at how you can possibly use Bollinger bands within your trading. So, if you haven’t already read it and would like to, please look at our past posts for details.
Today, we want to cover moving averages, which is another trending indicator. Trending indicators are important because they allow us to confirm activity currently being seen...
It’s only been just under 3 weeks since EURUSD hit two year lows at 1.0331 on November 22nd yet it seems like a lot has happened in that short period, including EURUSD rebounding quite impressively to touch 1.0630 on Friday 6th December.
Now however, that short squeeze from the lows has cooled as the focus shifts to on-going political problems in France and the...