Use of RSI indicator in volatile market condition Using the RSI (Relative Strength Index) in a volatile market requires a slightly different approach than in normal conditions. Many traders fail with RSI because they use it in a basic way—buying at...
The concept of confluence in Forex trading strategies refers to the practice of combining multiple technical and analytical factors to increase the probability of a successful trade. Rather than relying on a single indicator or signal, traders look...
The graph shows the New Zealand Dollar (NZD) versus the U.S. Dollar (USD) exchange rate on the FXCM platform, displayed as a candlestick chart over a roughly three‑hour time span. The header indicates the current price is *0.58071* with a gain of...
USDCAD USD/CAD today is trading in a choppy but slightly bullish-to-neutral structure, with the pair reacting strongly to two main forces: US dollar strength and oil price movement, which directly impacts the Canadian dollar. Right now, the market...
I base my technical analysis of GBP/JPY on the previous daily candle, and I find that this approach gives me a structured and disciplined view of the market. I use the daily high and daily low as the foundation of my Fibonacci framework, and I place...
