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How to Trade with the MACD

In this video, you will learn about the MACD indicator. The Moving Average Convergence Divergence is a lagging indicator for trend following. It consists of two EMAs and a histogram, which is the difference between the two EMAs. You see a positive histogram when the fast EMA crosses above the slow EMA. This is your buy signal. A negative histogram is produced when the slow EMA crosses below the fast EMA. […]

Daily Market News — December 12th 2019

The macroeconomic data released from the US caused the greenback to weaken a bit. The pound, euro, and the New Zealand dollar are looking strong at the moment. The EUR/USD pair looks bullish as it broke above the resistance at 1.1113. The resistance levels are 1.1198, 1.1244, and 1.1279. The support levels are 1.1113, 1.1071, and 1.1043. The USD/JPY pair is range bound between the 108.27 and the 108.95 level. The resistance levels are 108.95, 109.96, and 110.69. The support […]

What Is Support and Resistance in Forex Trading?

This video is for beginners. In this video, you will learn about support and resistance in forex trading. Support and resistance levels represent the most basic concept in price action analysis in forex trading. A support level prevents prevents price from falling further and indicates the presence of more buyers than sellers. There is more demand than supply in the market. A support level is identified as a level below the current market […]

What Is Trend Reversal in Forex Trading?

In this video, you will learn about trend reversal in forex trading. You look for a trend reversal, when an existing trend starts showing signs of weakness. The idea is to catch a trade early before the reversal starts taking place. Consider an uptrend for example. It consists of higher lows and higher highs. You look for a reversal pattern such as the head and shoulders pattern on the top of an uptrend. You look for the break of the neckline to enter […]

Daily Market News — December 11th 2019

Among the major currencies, the greenback is the weakest, and the pound looks relatively strong. The EUR/USD pair is range bound and is trading below the resistance level at 1.1113. The resistance levels are 1.1113, 1.1140, and 1.1198. The support levels are 1.1071, 1.1043, and 1.1039. The USD/JPY pair is range bound between the 108.27 level and the 108.95 level. However, it looks like it could break out of the range after the release of FOMC […]

What Is Downtrend in Forex Trading?

What is a downtrend? This video is for beginners and you will find an explanation for a downtrend. A downtrend consists of a lower highs and lower lows. Connect two consecutive highs to draw a downtrend line. The downtrend line becomes psychologically more significant, when price touches the line multiple number of times. This attracts the attention of the sellers into the market. You can draw a parallel line to this downtrend line. The upper line acts […]

Daily Market News — December 10th 2019

The US dollar gave back some of its gains as the trading week began. The pound and the New Zealand dollar look bullish at the moment. The EUR/USD pair is range bound between the 1.1050 and the 1.1075 level. The resistance levels are 1.1079, 1.1093, and 1.1107. The support levels are 1.1043, 1.1039, and 1.0994. The USD/JPY is bearish and it looks likely to consolidate between the 108.27 and the 108.95 level. The resistance levels are 108.95, 109.96, and 110.89. […]

How to Prevent Losing Trades — Average True Range (ATR) Explained

In this video, you will learn a forex trading strategy of how to prevent losing trades using the average true range indicator. This strategy acts like a trading filter to prevent you from trading under certain market conditions, when your target for the day exceeds the reading in the ATR indicator. This indicator measures the market volatility and provides you the expected movement for the market for a particular timeframe over a period of time. The default […]

What Is Range in Forex Trading?

In this video, you will learn about the sideways price movement called the range in forex trading. You might have learnt about the uptrend and the downtrend. An uptrend is made of higher highs and higher lows. A downtrend is made of lower highs and lower lows. However, when the price is moving sideways, then the price is said to be range bound. This indicates a lack of a trend in the market. The price oscillates between […]

Daily Market News — December 9th 2019

The trading week has begun with the US dollar giving back some of the gains from last week and the pound is looking bullish. The EUR/USD pair looks bullish and the 1.1068 level looks pivotal at the moment. The resistance levels are 1.1068, 1.1093, and 1.1107. The support levels are 1.1043, 1.1039, and 1.0994. The USD/JPY pair is range bound between the 108.27 level and the 108.95 level. The resistance levels are 108.95, 109.86, and 110.69. […]

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