Chart Patterns: The Hammer
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.
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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.
Moving average convergence divergence (MACD) is an oscillator-style technical indicator that has become one of the most popular tools among forex traders.
The Speculative Sentiment Index is a proprietary FXCM tool that analyzes current data on how many long and short positions are active in the market.
Find out more about how traders look for trends based on alterations in fundamental economic and political indicators that can influence currency flows.
The death cross and the golden cross are technical indicators that traders use in attempt to predict bearish and bullish market momentum.
The average directional index (ADX) is a charting tool that judges trend strength. It was formulated by market technician J. Welles Wilder and presented in his 1978 book New Concepts in Technical Trading Systems, along with the minus directional indicator (-DI) and the plus directional indicator (+DI). Trading on a price trend can be profitable, but for some it may also be nerve-racking, especially given uncertainties in market movements that…
A golden cross is a technical indicator that investors use to predict bullish market momentum and it forms when a security’s short-term moving average rises above its long-term moving average.
A death cross is a technical indicator that traders use in an attempt to predict bearish market momentum.
The Ichimoku Cloud is a central element of the Ichimoku chart technical analysis system aimed at forecasting price trends through a multi-dimensional visual representation of support and resistance levels. Ichimoku Kinko Hyo Since technical analysis came into common use in the 20th century, numerous charting systems have come into popularity. Many have specific strengths for given situations and purposes, such as identifying trend direction, support and resistance, and gauging price…
Most trading systems offer a variety of standard, built-in indicators that allow traders to carry out technical analysis before executing trades. However, there may be situations when traders wish to modify the variables used in analysis in order to assign their own conditions for examining market trends or executing trades. What Is A Custom Indicator? A custom indicator is a charting tool that allows the user to modify parameters freely…
Renko charts can pinpoint important levels of support and resistance by focusing solely on price movements, ignoring other data such as time or volume.
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