Forex Videos

In this video, you will look at the four important technical indicators. These indicators are also known as oscillators. MACD: MACD stands for Moving Average Convergence Divergence and this indicator is used for identifying potential bullish or bearish trend reversal. This indicator consists of a fast and a slow moving average. Also, a histogram that indicates the changes in momentum. Stochastic:: This indicator is used for detecting potential trend reversals. It […]

In this video, you will learn about how to apply support and resistance along with candlestick analysis on your chart. For example, look at the EUR/USD daily chart. After five days of gain, the market forms a doji candlestick, which means indecision. This doji is formed at the 1.4409 level, which acts as near-term resistance. As you can see, the pair has failed to break above two times previously. The level 1.4409 […]

The Elliott Wave Theory was first published by&nbspRalph Nelson Elliott in 1938. This theory is very popular among many forex traders. Basically, you are looking for turning points in the market, so that you can time your entry and exits. According to this theory, there are five advancing waves, and three declining waves. You can spot the advancing waves in the direction of the trend and the declining waves against […]

In this video, the Trader Guy looks at the currency pairs USD/JPY and AUD/USD for the January 24th session. USD/JPY — The pair recently made a bullish breakout, but now looks like the bulls are losing strength. Now, the 50-day EMA could be tested for support. Also, the 38.2% Fib retracement level comes at this level,. The market has been making higher lows. This pair is drvein by the risk appetite. So, […]

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the January 24th session. EUR/USD — The trading session was strongly bearish on Thursday. This was due to the ECB statement. Now, this little bullish trendline is broken, and you can aim for the 1.10 level to the downside. A break above the 1.12 level is seen as a trend change. GBP/USD — The pound initially fell on Thursday session, but then […]

In this video, the Trader Guy looks at the commodity, gold for the January 24th session. Gold/USD — The Thursday session saw the gold to pull back a bit. This was due to the macroeconomic figures released from the US, which supported the greenback. Recently, the market attempted to break above the $1,600 level, and fell back forming a bearish candlestick. This price action brings an argument for a bullish flag pattern. To the downside, the $1,525 level looks supportive. […]

Pivot points are used for determining support and resistance levels in technical analysis. So, they can tell you the direction of the trend. Pivot points are calculated using the previous day's high, low, and close to determine the current support and resistance levels. So, you get a pivot point level, support levels s1 and s2, and resistance levels r1 and r2. Your trading platform like the MetaTrader automatically does the calculations for you. […]

The Bank of England has a Monetary Policy Committee, which is responsible for controlling inflation at the target of 2%, set by the government. It is done by setting the base rate, which is the official interest rate in the UK. The central bank gives loans to commercial banks with the interest rate set at this level. By lowering the base rate, borrowing becomes easier for the commercial banks from the central bank. This leads to increased spending and economic […]

In this video, you will learn about the triple top formation. This is a bearish reversal pattern that you locate at the top of an uptrend. The market forms three successive highs and the pattern becomes complete once it breaks below the neckline or support. This marks your signal entry for a short position with your stop-loss above the highs. However, it is better to wait for a retest of this broken support line […]

A cryptocurrency is a digital currency used through the internet for conducting buy and sell transactions between users. It is not issued by a central bank. You need to pay a transaction fee every time you conduct a transaction using a bank or a credit card company. Peer to peer transactions are conducted using digital coins through the internet without the need for a central bank. It reduces transactions costs. You can store […]