News
What is the Average True Range (ATR) indicator and how do you trade with it?
The Average True Range (ATR) indicator measures market volatility, helping traders set stop losses and position sizes to manage risk effectively in various financial markets.
Three jobs data fight each other! Confused market winds on the eve of non-farm payrolls?
The latest ADP ‘small non-farm payrolls’ employment report, the Challenger layoffs report and the initial jobless claims data were released one after another. These three data together reflect the current situation of the U.S. labour market, although the statistical cycle is different, the market's interpretation of this focus.
GOLD TRADING ALERT: Weak U.S. job openings data, a 50 basis point rate cut heats up
GOLD TRADING ALERT: Weak U.S. job openings data, a 50 basis point rate cut heats up, and a plunge in U.S. bond yields help gold hold the Bollinger Bands mid-rail
Aggressive Rate Cut Bets Sweep Financial Markets!
Aggressive Rate Cut Bets Sweep Financial Markets! More and more traders are betting big on the Fed's upcoming 50 bps rate cut
Supply and Demand vs Support and Resistance
Supply and demand and support and resistance have a lot of similarities, but the aim of this page is to distinguish the two and identify how you can use support and resistance to trade supply and demand.
The Forces of Supply and Demand
The primitive forces of capitalism rule markets like the laws of gravity. Buyers and sellers provoke a battle to find a happy medium agreement in every financial market. As prices dance around on charts, traders are often looking for reasons to explain price movements however, the underlying source of price movement boils down to the relationship between supply and demand. Generally, positive news means increased demand and lessened supply – equating to higher prices. Negative news usually spells lower demand and increased supply.
How to Trade with Long Wick Candles
Long wick candles are recurrent within the forex market. This makes understanding the meaning behind these candles invaluable to any trader to comprehend the market dynamics during a specific period.
Morning Star Candlestick and Evening Star Candlestick
The Morning Star candlestick is a three-candle pattern that signals a reversal in the market and can be used when trading forex or any other market. Correctly spotting reversals is crucial when trading financial markets because it allows traders to enter at attractive levels at the very start of a possible trend reversal.
How to Trade with the Piercing Line Pattern
The piercing line pattern consists of two candlesticks, which suggests a potential bullish reversal within the forex market. This piercing pattern should not be used in isolation but rather in conjunction with other supporting technical tools to confirm the piercing pattern.