Tag Archives: forex articles

Elliot Wave Principle and Theory

  Elliot Wave Theory and Principle   Although my system mainly focuses on Channels and Fibonacci retracements, I also pay attention to the Elliott Wave Theory, because it provides vital information about price movement. The Elliott Wave Principle is a type of technical analysis that utilizes past cycles or repetitive patterns to identify predictable market behaviour. It was developed by …

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Trendlines and Channels- Draw a manual Trend line

Trendlines & Channels As mentioned earlier, a trendline is a straight line drawn over the price to connect the swing highs in a downtrend, or under the price to connect the swing lows in an uptrend, to represent the main direction of price and to identify areas of support and resistance. Pivot points are essential in drawing trendlines. Pivot points …

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Bullish trend-Downtrend – identify Support and Resistance levels

  A trend is the general direction of price movement. The trend can be ascending (bullish or uptrend), descending (bearish or downtrend) or flat (ranging). The names of the trends come from the way the animals attack their victims, the bull with its head bowed moves from low to high, and the bear on its feet moving from high to …

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Spain unemployment hits record high

Spain unemployment

Spain’s unemployment rate soared to a new record of 27.2% of the workforce in the first quarter of 2013, according to official figures. The total number of unemployed people in Spain has now passed the six million figure, although the rate of the increase has slowed. The figures underline Spain’s struggle to emerge from an economic crisis which began five …

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What are Binary Options Trading

Binary options platform

  Binary options approved for trading on the market since 2008. There are two types of binary options , the first one is put options and the second one is call options. When you buy call options, you are betting that the price of the underlying security rises above the strike price on the option. If this happens when the …

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Gold has fallen to its lowest level in two years

Gold Daily chart

Daily chart for Gold.   Gold has fallen to its lowest level in two years, on weak Chinese economic data, and receding fears about the chance of higher inflation in the US. The price of the precious metal was down 9.2% to $1,395 an ounce. The weaker than expected growth in China’s economy also sparked a wider fall in commodity …

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