Welcome to Forex Trading Guide
Forex Charts Article
. For a permanent link to this article, or to bookmark it for further reading, click here.
How does technical analysis work?
from:Technical analysis of currency movements is now, more than ever, part of the Forex market. As time has passed, different ways of collecting and displaying data have arisen. These differing ways can be taken in isolation to either create or back up a strategy, or can be combined in order to read how the market has arrived at its present point, and how it is likely to move forward. This enables more confident predictions and sounder investments. As time goes on, more data is collected and trends are reinforced. The awareness of a trend allows a more realistic understanding of the market. For someone just starting as a Forex trader, this kind of data is all-important.
One method of technical analysis is looking at diagrams and graphs. Taken over a period of time, this allows us to define and explain a pattern. One of the most popular styles of graph is the “Candlestick pattern”, which tells at a glance for any given day where the price was at the start of a period, at the end of the same period, and its highs and lows in the intervening time. Thus you can see at a glance if a currency is genuinely rising fast or slow, or falling at the same rate. The use of Fibonacci figures is another popular analytical tool. It looks at certain points in the rise or fall of a market and – with incredible regularity – predicts when it will stabilise or “retrace” (this means reversing its trend).
Forex Charts News
Forex Trading and Commodities – Gold and Silver Prices Advance while USD was ... - Best Syndication
 Best Syndication | Forex Trading and Commodities – Gold and Silver Prices Advance while USD was ... Best Syndication (Best Syndication News) Gold prices jumped again today as traders took advantage of the long-term policy signals from the Federal Reserve (see forex and futures charts below). Although inflation could be curtailed by low rates, investors balked at the ... Gold slumps on rosy US jobs data |
Understanding the Principles of MetaTrader 4 Charting With Vantage FX UK - MarketWatch (press release)
Understanding the Principles of MetaTrader 4 Charting With Vantage FX UK MarketWatch (press release) LONDON, February 1, 2012 /PRNewswire via COMTEX/ -- At Vantage FX UK ( http://www.vantagefx.co.uk/ ), traders can take advantage of the innovative MetaTrader 4 platform. Integrated into the award-winning system is Meta Charts, a powerful charting ... |
Key Intermarket Forex Pairs and Bond Market Charts Analysis - The Market Oracle
Key Intermarket Forex Pairs and Bond Market Charts Analysis The Market Oracle We will look at key intermarket forex pairs and bond market charts to understand price action. We will also look at an important macro data point released yesterday. Strong bunds and falling yields have made YEN more powerful than any currency. |
Forex - Chart USD/CNY 1-Yr Update: Pressing towards 6.2720 low, break in focus - FXMarketAlerts.com
Forex - Chart USD/CNY 1-Yr Update: Pressing towards 6.2720 low, break in focus FXMarketAlerts.com 25 Jan USD/CNY Daily Steady within a narrow range following bounce from the 6.2720 low. Upside limited to the 6.2971 high thus far and only lift over this to ease bear pressure and see stronger recovery to retrace the fall from the Dec high. |
EUR/AUD Range Traders Await 1.2476 for Entry - DailyFX
EUR/AUD Range Traders Await 1.2476 for Entry DailyFX This trend is modest compared to the EUR/NZD 2241 pip trend, discussed in January 26th edition of “Chart Of The Day”. However, understanding the direction of the move is paramount. Trend direction gives us a bias in the market for our positioning. |
Gold and Silver Prices Advanced while Crude Oil Falls – USD Falls vs EUR and ... - Best Syndication
 Best Syndication | Gold and Silver Prices Advanced while Crude Oil Falls – USD Falls vs EUR and ... Best Syndication (Best Syndication News) Gold and silver prices were higher last week while light sweet crude oil and the dollar declined in value (see the futures and forex charts below). Low long-term interest rates are a mixed-bag for investors, as traders position ... Gold trades near 8-week high as Greek talks remain in focus |
Daily Forex Update: CAD/JPY - Action Forex
Daily Forex Update: CAD/JPY Action Forex CAD/JPY continues to decline inside the Rising Wedge chart pattern identified by Autochartist on the daily charts. Autochartist rates the overall Quality of this chart pattern at the 6 bar level as a result of the strong Initial Trend (rated at the 8 ... |