Forex Fortunate 5%
” Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it.”
Using ADX in Forex Trading
Knowing whether the market is trending or moving sideways can help a trader determine what type of system they should use to enter trades. For example, if the market is choppy with lots of sideways action, entering a trade based upon a trend following system such as moving average crossovers can result in the trade being quickly stopped out.
The US Dollar Slips To 14-Year Low Against The Japanese Yen
The once mighty Greenback has dropped to its lowest value against the Japanese currency since July 1995.
The ’09 Gold Rush Continues
Global Equities Market futures are pointing slightly higher for Wednesday’s open. The DJIA finished lower after a mixed day on Wall Street, losing 17.24 points to close at 10,433.71.
EUR/USD Will Fall to it’s New 1.5000 Support Level
With the Bollinger Bands, Full Stochastics, StochRSI and RSI saying the same thing on the one day EUR/USD chart, it seems like that pair is due for a retracement after yesterday’s jump over the 1.5000 hurdle.