The Importance of Volume In Technical Analysis For Forex Trading
Though we have said that technical analysis focuses on price and volume, we have said relatively little about the role of volume so far. Volume is simply the number of contracts traded over a given period of time usually one day. The higher the volume, the more active the forex trading. Analysts look at the [...]
Back to Basics: Fundamental vs Technical Analysis
Fundamental vs Technical Analysis What you are about to read applies not only to forex trading where currencies are bought and sold but also to many other financial markets such as stocks, commodities and derivatives. Price movements create the conditions and the opportunities for profits (and losses!) and an astute trader will try and stay [...]
Dollar vs Yen
The USD appears to be moving in bearish trend and there are no signs of a reversal so far. The USD is likely to depreciate further as it is currently in a parallel channel and an exhaustion move has occurred. Supports for the pair USD are at 92.881 and 92.4357. These levels, if broken, may [...]
