Bulls moving in on the bear’s break of 1.2090 structure
Share: GBP/USD is setting the foundations for a bullish setup with the 1.2180s eyed in a 50% mean reversion target. A 38.2% Fibonacci retracement is located at 1.2195. Nevertheless, bears will be lurking considering the break of structure at 1.2090. GBP/USD bulls moved in on Tuesday and are setting the foundations for a […]
Trading non-lag moving average automatically – Trading Strategies – 6 February 2023
Metatrader trend trading expert advisor that can trade with the trend, hedge, martingale, trail the price and recover the losses of a losing trade (by hedging). NonLagMA main functions Detects the trend (by the nonlagma indicator color, price position or both) Enter (or exit a winning trade/basket) on the nonlag moving average indicator signal Trails […]
Bears are moving in and eye a break of structure
AUD/USD bulls are in charge at the start of the week but bears are lurking. The US Dollar bulls need to show up to enable the Aussie is going to break the downside structure. As per the start of the week’s analysis, AUD/USD Price Analysis: Bulls eye 0.7020, bears target a break of H1 structure, […]
Stocks moving up. Dollar moving lower.
The US stocks have moved to the upside and all the major indices are in positive terrritory. Netflix is helping the tone with a gain of 7% after better earnings Earnings A company’s earnings represent its profits or net benefits as a result of its operation.Earnings are the net benefits of a corporation’s operation. Earnings […]
NASDAQ index moves back above its 100 day moving average
NASDAQ is moving back above its 100 day moving average The NASDAQ index is leading the way to the upside today with a 153.47 point rise or 1.41% at 11005. The high price has reached 11018.02. Looking at the daily chart, the falling 100 day moving average comes in at 11000.95. With the price back […]
S&P moves back toward 200 day moving average at 3968.83
S&P retesting at 200 day moving average As the trading day works toward the close, the S&P ticked briefly above its 200 day moving average at 3968.82. The high price reach 3970.15. Recall from earlier this week, the price closed above the 200 day moving average on Monday and Tuesday, but stalled on Wednesday and […]
Advantages and Disadvantages of Simple Moving Average – Analytics & Forecasts – 14 January 2023
Most forex traders, irrespective of their trading skill levels, prefer using SMA because of its simplicity and ease of understanding. Using the indicator tool involves dividing the accumulated total of data points over a set period with the number of periods basing everything on the current currency prices. Furthermore, the indicator tool creates signals that […]