How to Use Moving Averages

exponential moving average

A moving average is one of the most used in the world of technical analysis. You will see plenty of movements and resistance and support levels right around the moving average line. The trick is knowing when to pay attention and when to ignore them. Simple Moving Average A simple moving average or SMA is […]

Average Directional Movement Index ADX

adx and parabolic sar

[adrotate banner=”1″] What is the Average Directional Movement Index? The Average Directional Movement Index, or ADX, is a technical indicator used to measure the strength of a trend regardless of a bull or bear trend. Like the Relative Strength Index, it aims to quantify trend strength. It was developed by J. Welles Wilder who also […]

Fibonacci and Elliot Wave

[adrotate banner=”1″] Fibonacci Relationships R.N. Elliot’s principle, also known as the Elliott Wave Theory is closely related to the Fibonacci Sequence. It has been concluded that the Fibonacci integer series is the basis of the Wave Theory. The numbers from the Fibonacci sequence occur repeatedly in the Elliot wave structures. They can be seen in […]

Is This Euro Short a No Brainer?

euro short

[adrotate banner=”1″]After getting in on the wrong side of the trade the other day on the Euro, I decided to get back in today. Monday morning is hit or miss in trading. It’s the first time that the US markets can trade for the week but Sunday night usually has most movements priced in from […]

Good News for the Euro?


[adrotate banner=”1″]The Euro looks like a solid play today. I missed the move overnight though. The news was released today about the German producer price index and it seems to have beat the expectations so the Euro rose slightly during the London trade. There is still concern about this rescue fund package that is in […]

Forex Chart Patterns

head and shoulders chart

[adrotate banner=”1″]Four of the major forex charting patterns which are essential to understand a few chart patterns which aid traders in making beneficial decisions are covered in this article. Symmetrical Triangles On the charting system, indecision areas are represented by symmetrical triangles. These patterns generally take place when there is pause in the market and […]