US Dollar Forecast - Dollar Looks to Close Out Best Quarter Since Great Financial Crisis We are only a few days from the close of the US Dollar’s best quarterly performance since the third quarter of 2008 – at the height of the financial crisis. British Pound Forecast - British Pound Goes Back to Basics – Yields Point to GBP Strength The British Pound traded higher versus all G10 counterparts save the US Dollar and Japanese ...
Talking Points In a Downtrend, RSI Can Remain OversoldUse the Centerline to Determine Market DirectionSettings Can be Adjusted for More or Less Oscillation RSI (Relative Strength Index) is counted among trading’s most popular indicators. This is for good reason, because as a member of the oscillator family, RSI can help us determine the trend, time entries, and more. Today to help become better acquainted with the indicator, we will review three uncommon tips for trading ...
Talking Points: Most beginner traders focus on their win percentageEducated traders focus on their Risk/Reward RatioVeteran traders focus on how their win percentage and Risk/Reward work together I work with traders that have a wide variety of skill levels, from people just starting out to traders trading their own money (and sometimes others') professionally. And it’s always interested me how similar the learning process is for most traders. We all start off learning ...
Talking Points: Fibonacci Retracement tracks the pullback after an extended moveTraders eye 38.2%, 50%, and 61.8% retracements as possible reversal levelsFibonacci’s ‘magic’ comes from its self-fulfilling nature Where to Draw the Fibonacci Retracement? Where exactly is that? For starters, we need to identify an extended move up or down on our chart. In other words, a swing low followed by a defined high or a swing high followed by a defined low. Below, ...
Talking Points: The Double-Top and Double-Bottom formation show multiple tests of support (or resistance) at a particular price level.Traders can look to trade subsequent tests of these price levels. The Double-Top/Double-Bottom The Double-Top or Double-Bottom formation will occur when two separate ‘moves’ bounce from a support or resistance level. This highlights that level as being especially strong, so that the next time price encounters this, ...
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