Three technicals on the EUR/USD are slightly above the centerline. The Bollinger Bands, Full Stochastics, and RSI are saying there is a likely gently down moving trading day in store for the 24th.
Monthly Archives: November 2009
What Forex Trading and Basketball Have in Common
The foreign exchange market is a very lucrative one. The possibilities for personal profit are literally endless. A trader can make more money trading Forex then they will know what to do with.
Diamond Patterns in Forex Tradingâ€â€ÂÂRare but Profitable
Diamond patterns, rare but frequently profitable, are a combination of a broadening pattern and a triangle. The pattern doesn’t have to be completely symmetrical.
Closing in on Official Shopping Season
The DJIA was flat Friday closing the day down just 14.28 points. The week saw the DJIA gain 9/10th of a percent while most Global Equity Markets finished the week in negative territory. The Greenback gained as risk was held in check as the DXY closed above 75.57 in the forex market, for the first time since November 12th.
FOREX: November In Perspective
Economic parameters vary with great speed over the course of a trading day. For this reason, it is useful to look at data over a slightly longer term to gain an insight into any trends that might be emerging which can be exploited for your investment strategy.