AUD/USD Monthly Technical Analysis for August 2014 Higher inflation data and the belief the Reserve Bank of Australia’s next move will be an interest rate hike, helped drive the AUD/USD into a new high for the year at .9504 last month. An improving economy in China also helped underpin the Forex pair at times during July. However, the stronger U.S. Dollar and the dumping of higher-risk assets helped drive the Aussie down during the last week of the July, leading to a lower close for ...
Talking Points: This article is a capstone on the topic of support and resistance.Below we discuss multiple subjects within the field of support and resistance, many of which offer more detailed information by clicking on the relevant link. Identifying Support and Resistance Before we can use support and resistance in our trading, we have to know how to first find it, right? This is where support and resistance identification comes in; and ...
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EUR/USD Stays Motionless 'We've kind of traded sideways a little bit. It's largely technical, but there's some geopolitical headlines that may be weighing on risk appetite.' - Commonwealth Foreign Exchange (based on Bloomberg) Pair's Outlook There are still no consistency among the technical indicators, as they are pointing in different directions on the weekly an monthly time-frames. Nevertheless, the currency pair is considered to be capable of rising ...
Ocean Theory Tools ---------- UniOceanNDX_v1 indicator was created for Premium Trading Forum. This is one more indicator - MTF UniOceanNDX which is designed to provide a measurement of the degree of extreme bullish or bearish condition of the market. ---------- You need to subscribe to Premium Trading Forum to read and to download.
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