You will notice many different occurrences on your Forex charts, and one of the more interesting and common phenomenon is the gap formation. A gap is easily recognized on a price chart; it appears … [Read more...]
Follow the Smart Money using the Commitment of Traders (COT) Report
Attaining an edge by understanding the flow of capital is an important concept toward your trading success. Gauging investor sentiment and following the smart money will provide you with the … [Read more...]
Simple Yet Powerful Price Channel Techniques
As a forex trader, you have come to appreciate the value of trends in the market. Today we will discuss one of the techniques to analyze and trade price tendency in Forex, specifically the price … [Read more...]
What is the US Dollar Index and How do I Apply it in FX?
Currency traders observing exchange rate movements in a currency pair that involves the U.S. Dollar often ask themselves whether price fluctuations are due to a revaluation of the foreign currency or … [Read more...]
The Benefits of Intermarket Analysis as a Trend Forecasting Tool
Intermarket analysis was popularized by renowned financial market technical analysis expert John J. Murphy in his 2004 book entitled, “Intermarket Analysis: Profiting from Global Market … [Read more...]