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ForeCastle

  1. How To Trade - Momentum and Moving Averages

    by , 05-26-2017 at 06:19 AM
    Finding the direction of current market momentum is an important step for trend traders. Moving averages are a unique tool that help traders to just that on a variety of charts and time frames. A 200 period MVA (simple moving average) is often employed for this task, with traders looking to see if prices are currently above or below the average. If prices are trading above the 200 period MVA, the trend and market momentum may be interpreted as rising. As well if prices are below the average, this ...
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  2. Weekly Trading Forecast ahead of French Elections

    by , 05-07-2017 at 12:43 PM
    US Dollar Forecast: US Dollar Looks Outward for Direction Cues as Fed Outlook Firms
    An all-but-certain Fed rate path in the near term may see the US Dollar looking outward for direction cues. Ample international event risk offers no shortage of possible drivers.

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    Japanese Yen: BoJ Optimistic but Inflation Still Subdued: Taper Not Yet a Topic of Concern
    Yen weakness was a pervasive theme across FX markets this week, as the ...
  3. How to Use Price Action to Trade New Trends

    by , 05-05-2017 at 10:48 AM
    ‘The trend is your friend’

    We’ve all heard it, and it makes perfectly logical sense; but in practice, this advice is so opaque that it’s practically worthless. Because even if you’re on the ‘right’ side of whatever trend is showing at the moment, the timing and entry into that setup is likely what’s going to determine one’s success or failure on that individual trade. So, it’s not enough to just find the direction of the trend and then ‘hope’ that we’re right; we also have to find ...