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Osamu OBI
Introduction to Technical Indicators (based on dailyfx aticle) Trend Following Trend following indicators were created to help traders trade currency pairs that are trending up or trending down. We have all heard the phrase “the trend is your friend.” These indicators can help point out the direction of the trend and can tell us if a trend actually exists. Moving Averages A Moving Average (MA for short) is a technical tool that ...
The Australian dollar weakened against the other major currencies in the Asian session Friday and held steady thereafter, after the Reserve Bank of Australia said it would continue to keep its accommodative monetary policy some more time and as China's consumer price inflation slowed in April. In its monetary policy statement, the RBA reiterated its commitment to hold interest rate unchanged for the foreseeable future. The board's outlook on inflation suggests that ...
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