Chart Patterns in Forex Trading Introduction Chart patterns are foundational tools in forex trading, providing insights into potential market movements by analyzing historical price data. These patterns form the backbone of technical analysis,...
Technical Analysis of New Zealand Dollar/ US Dollar Last trading week, the New Zealand dollar managed to extend its upside after forming strong support at 0.6082, bouncing off that level before hitting another extreme around 0.6198. This allows him...
USD/ CADrice Action We are evaluating the current price action dynamics of the USD/ CAD currency pair. Last week, the Bank of Canada lowered the discount rate, leading to an expected USD/CAD exchange rate drop. However, the weakening of the Canadian...
Money Flow Index (MFI) in Forex Trading Introduction The Money Flow Index (MFI) is a powerful and versatile momentum indicator used by forex traders to gauge the strength of money flow into and out of a currency pair. Combining both price and volume...
Basic research in forex trading involves analyzing economic, financial and other qualitative and quantitative factors that affect the value of a currency This analysis aims to determine the intrinsic value of a currency, the future price movement...