Stochastic is best technical indicator for sideway market
How many technical indicators you need in making a trading decision? Many traders fall victim to analysis paralysis and use too many indicators. What you need to do is master only these two indicators; The Stochastics and the MACD (Moving Average Convergence Divergence). Both are called oscillators as their values oscillates between two extremes!
Trending conditions [...]
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PIIGS Debts has reached $ 3,889
New York Times released an interesting graph past few days
shows how in debt from PIIGS (Portugal, Italy,
Ireland, Greece and Spain) was already reached $ 3,889
or 4958 trillion euros at the exchange rate as of today. From
amount, $ 2,053 trillion or 2617 billion euros, is owned by
German, French and English (or assumed their commercial banks).
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How to get a lot of Free Forex Signal System
How to get a lot of Free Forex Signal System, Free Forex Automatic Trading System.
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Forex Signal Provider? Which One?
So you decided to make full time leaving from foreign exchange market? Or you are going to supplement your income from here? You have set up yourself with proper broker available. I believe you spent hundred of hours in front of PC trying to put together all maths and physics involving currency market. Now you [...]
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Euro : New low of the year. Heading to 1.3100?
Dollar was broadly stronger in early European trade today as lingering concerns over the Greek rescue package in Europe, fears over the UK financing needs and a slightly more dovish RBA all combined to drive risk lower as the session progressed. Euro hit fresh yearly lows at 1.3130 amidst talk that the massive [...]
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How to trade The RBA Rate
Tags: asset bubble, monetary-policy, rba interest rate
The Reserve Bank of Australia (RBA) has a monetary policy announcement this evening and it is widely expected that they will raise interest rates for the sixth time since October 2009. Judging from the price action in the Australian dollar, not everyone is convinced that the RBA will deliver. The worry is that [...]
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AUD/JPY Short for next trade
An emerging bearish butterfly pattern points to a potential AUD/JPY selling opportunity this week near the 90.0 handle. This short setup reflects the convergence of the 161.8% XA and BC extensions along with a 127.2% ABCD extension pattern. Additionally, this pattern is projected to complete near 127.2% daily resistance also coming in just below 90.0. [...]
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The 6 Key Drivers in the Forex Market
Aside from the U.S. economic reports, there are 6 key developments affecting the forex market today and each of these stories will contribute to volatility throughout the week:
Greece – The biggest story is of course Greece. Even though Eurozone finance ministers have approved a EUR110 billion bailout package, there still needs to be Parliamentary [...]
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Dollar Gains Accelerate on Stronger Data
The volatility in the forex markets over the past 24 hours provides traders with a taste of what to expect this week. Many Asian markets were closed for May Day and most Japanese traders are off for Golden Week which suggests that had those traders been at their desks, volatility could have been greater. The [...]
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EU Deal on Greece Offers No Support to the Euro
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Over the weekend, in the single biggest bailout of a country ever, the EU along with the IMF agreed to provide Greece with a106 Billion euro loan package but the currency markets showed little enthusiasm for the deal as they opened for trade at the start of the week. After rallying to a high of [...]
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