RSI (Relative Strength Index)
The RSI is a price-following oscillator that ranges between 0 and 100. A popular method of analyzing the RSI is to look for a divergence in which the currency price is making a new high, but the RSI is...
View ArticleRelative Strength Index – Your Best Oscillator for Market
Relative Strength Index (RSI), one of the most popular financial technical analysis oscillators is best adapted to work in markets, which is range-bound. Developed in 1978 by J.Welles Wilder its...
View ArticleDetermine Market Trends with MACD
MACD Divergence or Moving Average Convergence/Divergence is a useful indicator for spotting major changes in market trend, indicate trend direction and for giving hints of a possible market reversal....
View ArticleFollow ADX Trends to Avail Best Deals
Developed by J. Welles Wilder Jr., Average Directional Index (ADX) is one of the most trusted ways to evaluate the strength of the current market trend, be it upwards or downwards. Measured in an...
View ArticleUsing Moving Averages
The purpose of moving averages is purely to determine the mean exchange rate or price of currency pair in a given period of time. The simple moving average (SMA) and the exponential moving average...
View ArticleHow to use Bollinger Bands for Forex trading?
Discovered by John Bollinger, the Bollinger Bands is a simple moving average based tool that allows people in Forex trading to estimate the instabilities and trend in the Forex market. Let us have a...
View ArticleAverage True Range
The task of the Average True Range (ATR) indicator is to gauge volatility over a certain period of time. Keltner Channels and Starc Bands are examples of other systems for trading in which ATR is also...
View ArticleRelative Strength Index Explained
Relative Strength Index (RSI) is used to quantify the strength of the entire set of ascending movements in opposition to all descending movements within a given period of time. The following is the...
View ArticlePrime Data
Purchasing Managers Index (PMI) The National Association of Purchasing Managers (NAPM), now called the Institute for Supply Management, releases a monthly composite index of national manufacturing...
View ArticleSecondary Data
Retail Sales Measures total receipts of retail stores from samples representing all sizes and kinds of business in retail trade throughout the nation. It is the timeliest indicator of broad consumer...
View ArticleThe Use of Moving Averages
Moving Averages may be the most popular technical indicator because they are easy to understand. After all, a 10-day Simple Moving Average is calculated by just taking the closing prices of the last 10...
View ArticleSimple Moving Averages versus Exponential Moving Averages
Which moving average is better, the Simple Moving Average (SMA) or the Exponential Moving Average (EMA)? This is the type of question I get every week from new traders who have found all of these new...
View ArticleWhat is the Average Directional Index (ADX)?
You see that the EUR/USD was moving up strongly, so you bought this pair on the last pullback. But now after another move up, the pair has pulled off of the highs and is moving down and you wonder if...
View ArticleUsing Bollinger Bands
One of the more popular technical indicators in use today is Bollinger Bands. Created by John Bollinger in the early 1980s, this tool is essentially a Moving Average with a volatility filter....
View ArticleFast Stochastics or Slow Stochastics?
One of the technical indicators we teach in the DailyFX Power Course is the Stochastic Oscillator. Developed by George C. Lane in the late 1950s, the Stochastic Oscillator is a momentum indicator that...
View ArticleRelative Strength
Relative strength can mean alot of things in the financial markets as there are more than a few technical tools using this title to describe what they attempt to do. But in the most simplest terms,...
View ArticleTrading with Bollinger Bands
Bollinger Bands are simply moving average bands with a volatility filter. However, it is that volatility filter that makes this one of the more valuable and popular technical indicators in use today....
View ArticleThe Moving Average Trade
The FX markets have always been known for their long trending moves and experienced traders use this to their advantage. Trading with the trend is more than just a cliché; it is an important edge that...
View ArticleThe MACD Trade
The important first step in identifying a potential trading opportunity is to pick the right pair. What we should be looking for is strong trending markets and then to find a trade in that same...
View ArticleChoosing the Right Indicator
A major concern of newer traders is which is the best indicator for them to use in their trading. Also, they want to know if indicators broken down into beginning, intermediate and advanced trading...
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