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US Dollar Forecast: US Dollar to Focus on External News Flow, Look Past FOMC and NFP The US Dollar is more likely to find a lifeline from external news-flow rather than the upcoming FOMC policy announcement and January’s employment report. British Pound Forecast: Remain Bullish But Don't Chase Trades Too Hard A fair few bullish tailwinds have pushed GBP to multi- month and year highs and the backdrop remains positive. However ...
A lesson on how to trade the RSI for traders and investors using technical analysis in the stock market, futures market and forex market. An oscillator is a leading technical indicator which fluctuates above and below a center line and normally has upper and lower bands which indicate overbought and oversold conditions in the market (an exception to this would be the MACD which is an Oscillator as well). One of the most popular Oscillators outside of the MACD which we have already ...
Triangles/Wedges These types of patterns develop as a result of contracting volatility which portend price expansion upon breakout. There are three types – symmetrical, ascending, and descending. Symmetrical triangles are the most neutral of the three variations as higher lows and lower highs converge towards the apex of the formation. If they develop early in a trend they tend to act more as an indication of pending continuation of the trend prior to development, however; ...
US Dollar Forecast: Politics to Overshadow Yellen Speech, FOMC Minutes The US Dollar is likely to remain at the mercy of politics-driven volatility as inflationary fiscal stimulus prospects remain the central object of speculation. Australian Dollar Forecast:Australian Dollar Likely Stuck, But Watch For RBA Speakers The Australian Dollar is caught between some reasonably perky domestic economic data and a central bank in no ...
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