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Talking Points: The USDCHF break has run into the 200 Day Moving Average.Potential buyers could enter upon a confirmed break above the 200 Day MA.Sentiment has been indecisive all week, not giving us a clear reading. The 200-Day Simple Moving Average The 200-Day Simple Moving Average is one of the most popular indicators in the world. When price breaks through a 200 MA on a daily chart, it can often be seen as a topic of conversation on financial news ...
Swami UniDMI ---------- SwamiUniDMI_v2 indicator was created for Premium Trading Forum. This indicator allows to see the trend strength on any range of lookback periods. ---------- You need to subscribe to Premium Trading Forum to read and to download.
Always identify market conditions prior to tradingYour strategy and entries should reflect the marketPlan your risk and write your trades down to stay accountable Traders should have a checklist to consult prior to making any major trading decisions. These steps are critical for Forex scalpers as they often have to make these choices on a moment’s notice. To help with the process it can be helpful to keep a checklist and determine your options prior to approaching the market. Today ...
Election of Pro-business Government in India Sparks Market rally Friday’s election results showing Modi win sparked a rally in the Indian Rupee and the Mumbai Sensex. Mumbai’s Sensex stock index is up over 7% this week and 14% since the start of the year over the prospects of the Pro-business Modi taking office.Markets are hopeful that the new Prime Minister will be able to revitalize a stagnating Indian economy which has seen GDP growth slow to a mere 4.7% and a currency ...
USD/CAD Fundamental Analysis May 15, 2014 Forecast The USD/CAD eased by 4 points to trade at 1.0901 after the US dollar made healthy gains throughout the early part of the week. The loonie rose 0.08 of a cent to 91.74 cents US amid general U.S. dollar weakness. Analysts point to low expectations for first quarter U.S. gross domestic product growth, owing to the impact of severe winter weather and suggestions that the economy may actually ...