Also jumped into EURUSD, but it was an obvious sideways there and so quit it with -5 pips.
Currently +32p on this one yipee =)
Also jumped into EURUSD, but it was an obvious sideways there and so quit it with -5 pips.
Currently +32p on this one yipee =)
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Forex Market analysis relies on two types of analysis much like Stock Markets: Technical Forex Market Analysis views the data on a chart and considers that the News and Data is built into the Price already (economic, political, social, sentimental and psychological). Various tools and indicators will be used by technical traders, for instance MACD, Bollinger Bands, Moving Averages and more.
Fundamental Forex Market Analysis also uses indicators, for instance reports, Gross Domestic Production (GDP), Retail sales, Consumer spending, Industrial Production, Consumer Price Index, Commodities, Economic Calendars, Balance of Trade levels which could identify Trends between other Nations and more.
Jim M
Comments
Nice work Daniel, would be nice to see that pair break the upper res on the daily chart and head for a retest of that major high.