J. Willes Wilder Jr. explains the relative strength index (RSI) in great detail in his book, “New Concepts in Technical Trading Systems“. Over the years, chartists and technicians alike have written volumes about the RSI, which has...
USDCHF? USDCHF is testing the down trend line resistance. If this resistance holds, the pair would move lower to test 1.2182 previous low support. If this level gives way, the pair would move higher to test the...
Before investment, one of the most important decisions you will make is how you will invest your money. This is because taking the wrong investments can easily wipe out your bank account, and in some cases, could...
For investor, it is now easier to invest because almost all transactions can be made online in recent years. Given the ease that online transactions bring, more and more companies are jumping on the bandwagon to provide...
Introduction Here ia an article that uses simple understandable language to tell you, how to choose the right charts, read them correctly, and act effectively in the market from what you see on them. Probably most of...
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GBPUSD is in up trend, and further rise above 1.9024 is possible in next several weeks. Key support is at 1.8175, as long as this support holds, up trend will continue. For long term analysis, GBPUSD has...
USDCHF is in down trend, initial resistance is the falling trend line resistance, now at 1.2353 level, as long as this resistance holds, down trend will continue. Key resistance is at 1.2422, only break above this level...
Part I In this article, I will describe patterns of price behavior on an intraday basis and their implications for trading. I believe that an adequate consideration of how price changes actually occur during the day will...
The largest traded “market” in the world is not the U.S., Japanese or European stock markets. It’s the foreign exchange market. It’s called Forex for short, or also called the cash currency market. Speculators can and do...
