Category Archives: Forex Technical Analysis

Things To Know About Forex Bearish Reversal Candlestick Patterns

There is also a possibility for the Forex bearish reversal candlestick patterns of forming with one or mat be more of the candlesticks. In most of them, there is required bearish confirmation. The actual type of reversal is supposed to be indicating that the pressure of selling overwhelmed the pressure of buying for one day or may be more; Continue reading

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Forex Commodity Channel Index: A Comprehensive Guide

The Forex Commodity Channel Index can act like a warning whenever the trading reaches extreme overbought/ oversold circumstances. Continue reading

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Everything Your Need to About Forex Candlestick Charts

Upper shadow

It is at the topmost of the chart & indicates the greatest value. Continue reading

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Trading Technical Chart Patterns With Help of Forex Trend Line Tool

Head and Shoulders
Because the title indicates, this buying and selling chart pattern resembles a mind between shoulders on sides. Once the levels from the candlesticks are connected with a trend line developing tow troughs and three peaks, Continue reading

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Explained: Forex Bullish Engulfing Pattern

Tips on How to Use Bullish Engulfing Pattern for Trading:

After you’ve familiarized yourself with recognizing this pattern, you can then readily apply it into your Forex trading. Continue reading

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Forex Descending Triangle

Climbing down Triangles
The climbing down triangular is another variation from the shaped triangular and it is generally regarded as bearish. It is almost always present in downtrends. Unlike the climbing triangular the underside area of the triangular seems flat or includes a slight downward sloping position. Continue reading

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What Is Forex Engulfing Pattern

The above graphs tell about the bullish engulfing pattern (1 hour chat). The up candles are green and down candles are red. The Bullish engulfing pattern is easy to identify. Continue reading

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What Is Forex Directional Movement Index

Now let’s talk directional movement index or DRI. Directional indicator index was first created by J.Welles Wilder in 1978. This person also bought popular relative strength index. Continue reading

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What Is Forex Linear Regression Channel

By the separation of two standard deviations over and under the Linear Regression line Parallel and equidistant lines are followed. The channel lines are found much more distant from the Regression line than any of the end costs. To the extent the Regression channel is a channel for value vacillations, the top marginal shows resistance, Continue reading

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What Is Forex Long-Legged Doji?

The long legged doji candlestick example is an inverted flag and is, in this manner, most legitimate when it shows up amid a built up pattern. At the point when the long legged doji shows up in a built up uptrend, Continue reading

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