Chart Patterns: Morning Star
The morning star chart pattern is a convenient way to spot an upward reversal and a subsequent bullish trend without a complex set of technical indicators.
Page 81 of 89
The morning star chart pattern is a convenient way to spot an upward reversal and a subsequent bullish trend without a complex set of technical indicators.
Slippage occurs when currency prices change while an order is being placed, causing traders to enter or exit a trade at a price that is higher or lower than they desired.
Moving average convergence divergence (MACD) is an oscillator-style technical indicator that has become one of the most popular tools among forex traders.
The cup with handle pattern foreshadows an upward price continuation following market hesitation, and a test toward a possible downward move.
A doji is a candlestick with a closing price very near to its opening price. It is unique to other candlesticks because its body is very small or nonexistent.
The hammer is an easily identifiable candlestick charting formation that often foreshadows a bullish reversal and can be useful in tracking short-term price action.
Pipe bottoms and pipe tops provide the trader an indication that a prevailing trend may continue or may be coming to end.
Currency trading (aka forex trading) is the exchange of one nation’s currency for another's, which offers options to capitalise on changing values.
Find out more about how traders look for trends based on alterations in fundamental economic and political indicators that can influence currency flows.
CFD products allow buyers and sellers to exchange the difference between the present price of an underlying asset and the price when the contract is closed.
Among visual indicators, the double top and double bottom are considered amongst the most convenient and reliable for trying to predict a turnaround in price tendencies.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed here.