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Bollinger bands are a volatility indicator, used by traders to identify areas of support and resistance and areas in which an asset might be experiencing increased or decreased volatility. Bollinger bands are calculated from three lines drawn onto a price chart. The first is the simple moving average (SMA) of an asset’s price over a
EUR/USD: No to Rate Hike, Yes to Dollar Appreciation! ● Market participants continue to scrutinize the macroeconomic backdrop in the United States, attempting to discern (or speculate) whether the Federal Reserve will proceed with further increases to the federal funds rate. Following disappointing consumer confidence reports, weak ADP labour market data, and a slowdown in
Did you know that price action trading strategies are one of the most commonly used methods in today’s financial market? Whether you are a short-term or long-term trader, analysing the price of a security is perhaps one of the simplest, yet also the most powerful, ways to gain an edge in the market. After all,
The stock market, while an integral part of global finance, isn’t immune to manipulation. Many times, retail investors, or everyday individuals investing personal capital, find themselves at a disadvantage when matched against bigger institutional players. This article sheds light on how market manipulation occurs and why private individuals often bear the brunt of these tactics.
Next week (Wednesday) the next meeting of the Bank of Canada will take place, and economists fear that in the context of accelerated inflation, the leaders of the Canadian Central Bank will be forced to go for a new increase in interest rates, even despite the risks of plunging the national economy into recession. All
Hello traders, Today I spotted two trading setups. My first setup was in USDCAD H1. Price was deeper inside the Supply Zone. The Supply Zone was well formed and also was formed inside Daily Supply Zone. For all those reasons i decided to click the zone label and create two Sell Market orders. The RR
1. The Theory – How to Use Indicator Developed by Marc Chaikin This an oscillator Indicator, it measure the Accumulation/distribution of money that is flowing into and out of a currency pair. The indicator is based on the fact that the nearer the closing price is to the high of the price, the more the
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