Traders constantly use technical analysis and a variety of other tools to time reversals in forex. The equal wave pattern is one method of timing reversals which can be incorporated into other strategies of analysis, too.
The GBPUSD has dropped to multi week lows. Even with disappointing NFP numbers, the pair remains in breakout territory.
The GBPUSD has dropped to multi week lows. Even with disappointing NFP numbers, the pair remains in breakout territory.
Talking PointsUSDJPY Breaks to Monthly HighRange Resistance Sits at 103.07Price Above R4 Signals a Fresh Price BreakUSDJPY 30min Chart(Created using FXCM’s Marketscope 2.0 charts) After yesterday’s FOMC, the USDJPY was trading at monthly highs on USDollar strength.
Talking PointsUSDJPY Breaks to Monthly HighRange Resistance Sits at 103.07Price Above R4 Signals a Fresh Price BreakUSDJPY 30min Chart(Created using FXCM’s Marketscope 2.0 charts) After yesterday’s FOMC, the USDJPY was trading at monthly highs on USDollar strength.
Day traders need to have a concrete plan for managing risk in their trading plan. Today learn how to use pivot points for stop placement in your trading!
Day traders need to have a concrete plan for managing risk in their trading plan. Today learn how to use pivot points for stop placement in your trading!
Talking PointsPrice Hovers Near Range ResistanceRange Support Sits at 1.4533Price Above R4 Signals a BreakoutEURCAD 30min Chart(Created using FXCM’s Marketscope 2.0 charts) For the beginning of Wednesdays trading, the EURCAD remains locked between defined values of support and resistance.
Talking PointsPrice Hovers Near Range ResistanceRange Support Sits at 1.4533Price Above R4 Signals a BreakoutEURCAD 30min Chart(Created using FXCM’s Marketscope 2.0 charts) For the beginning of Wednesdays trading, the EURCAD remains locked between defined values of support and resistance.
A Forex strategy many traders use is a technical analysis strategy of comparing the length of two alternating waves.