Bitcoin Makes Timid Advances, Yet Full Recovery Is Still Far Away by Bogdan Giulvezan After hitting this year’s low at $32,950 on January 24, Bitcoin started a decent but feeble recovery. The apex cryptocurrency is now struggling to stay above $37,500 resistance but the bulls seem weak and without momentum on their side. Bitcoin’s last […]
The U.S. Dollar Index Is Back To Support The U.S. Dollar Index (DXY) has been effecting a textbook double-bottom reversal over the past month. This bottom was driven by 1) a misplaced expectation for aggressive FOMC rate cuts 2) A shifting Fed policy-stance and 3) positive U.S. economic data. This combination of factors cause the […]
Candlestick charts are perhaps the most popular trading chart. With a wealth of data hidden within each candle, the patterns form the basis for many a trade or trading strategy. Here we explain the candlestick and each element of the candle itself. Then we explain common candlestick patterns like the doji, hammer and gravestone. Beyond […]
Historical charts, or just charts, are the means by which we do what we do. Trade. Charts of historical price action are incredibly valuable and there is no question of there importance to technical analysis. However, there is widespread debate over the importance of using historical data to back test and its reliability on future […]
What do I mean? Trading bear positions as well as trading bull positions. I know that I, and I suspect many newbies and advanced traders as well, started out learning to trade bull positions. It is easier and only natural as the tendency in trading and stock ownership is to buy low and then sell […]
Whether you trade options, binary options, or forex, if you use forex charts, you may notice a couple strange things at first. Here we will look at some simple concepts to help you better understand the forex market and forex charts. Pairs and Trend Direction Currencies always trade in pairs – the EUR/USD, AUD/CAD etc. […]
This is a very common question, frequenting popping up in the comment section of articles involving indicators, strategies or trading in general. “What time frame should I use on my charts?” is a good question, but ultimately it depends on your trading style, personality and the type of strategies you gravitate toward. Here we’ll address […]
Binary options charts have not always been of high quality when delivered direct from brokers – as discussed in more detail below. That is changing however, particularly with established CFD and spread betting brokers entering the binary options market. Brokers with Charts Some brokers now offer high quality binary options charts for traders. Live Binary […]
Ancient BTC Whale Wakes Up, Moves 80K Bitcoin On July 14, Bitcoin hit a new All-Time High (ATH) at $123,236 (Bitstamp data) after a 6-day rally that started after a breakout from around $110K. Although the bullish pressure is still massive, there are signs that a correction may be next. During the last couple of […]
EUR/USD at Support Ahead of Inflation Data. Bounce or Break? The trade tariffs keep on making the headlines but the narrative seems to have shifted as now President Trump is more lenient towards reaching common ground. A U.S.–UK trade deal made last week established a 10% baseline and lowered duties on automobile imports. This development […]