Talking Points: AUD/USD short trade from last week triggeredSentiment still giving bearish signalsDowntrend could continue towards 0.8700 AUD/USD Support Broken - Bearish The trend line support cited in last week's article has been broken. The chart below shows that over the weekend, the AUD/USD gapped below the trend line and closed for the day. We had said we would act on a trade if the closing price was below support. That was our trigger. After a ...
Weekly Forex Market Price Action Outlook – August 4th – 8th, 2014 EURUSD – Euro/dollar downtrend intact On Friday, the EURUSD found some buying interest finally, and made a run back up to the 8 day EMA dynamic resistance level. The trend is still down in this market, and our recent bearish bias has not changed; we are still looking to sell on a rally back to resistance. If the market moves back up to the 1.3480 – 1.3510 area, we will watch closely for a price ...
How to detect forex trends Detecting a trend is an important part of predicting direction in a currency pair. Tomorrow’s prices usually follow or continue today’s trend. There will, of course, be reversals and ranging behavior within the trend but it is easier to trade with a known trend than to predict when it changes. The task of the forex trader is to detect variations or waves of sentiment. The trader needs to ask: is there a shape to changes in sentiment and can it be detected? ...
How to Start with Metatrader 5 How to start with MT5 platform : summary. As our topic about "How to start with Metatrader 5" is going to be huge, here you find a summary, with main links. A very good article to learn how to use this site. For a general overview of changements and improvements in MT5 plateform, read MetaTrader 5 - More Than You Can Imagine!Probably the biggest revolution is in management ...
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