Trends Trading in Forex

by ForexCycle.com | April 28, 2021 10:22 am
A saying goes that the trend is your friend; however, this never explains trading a trending market or how we can signify a trending market. With this article, I will explain to you a few points on...

How Moving Averages Help You to Define the Trend

by ForexCycle.com | February 29, 2020 12:42 am
By Elliott Wave International The “moving average” is a technical indicator of market strength which has stood the test of time. More than 30 years ago, Elliott Wave International President Robert Prechter described this indicator in his...

The Most Profitable Forex Strategy You Need to Learn

by ForexCycle.com | December 10, 2019 12:21 pm
Forex strategies help investors to stick to a particular plan when trading currencies. The discipline has proven to be elemental in increasing profits generated from Forex markets. Forex strategies can be based on technical analysis or vital,...

Simple Moving Average Indicator (SMA) Explained

by ForexCycle.com | November 27, 2018 12:25 am
The simple moving average (SMA) is widely used in forex analysis. It is the simplest of all forex analysis moving average methods. The premise of the SMA is comparing the closing price of assets to the period...

Moving Averages Help You Define Trend – Here’s How

by ForexCycle.com | August 14, 2018 1:39 am
By Elliott Wave International The “moving average” is a technical indicator of market strength which has stood the test of time. Over 30 years ago, Robert Prechter described this indicator in his essay, “What a Trader Really...

6 Best Forex Indicators For Beginners

by ForexCycle.com | May 29, 2018 9:07 am
Forex trading is the buying and selling of currencies in a global market. It is a decentralized industry where traders interact over the counter. This market is huge and immensely liquid due to a trading volume which...

USDJPY Failed to Break Above 115.50 Resistance

by ForexCycle.com | May 19, 2017 12:18 am
Under pressure by the resistance of the Mar 10 high of 115.50, USDJPY pulled back from 114.36 and the fall extended sharply to as low as 110.23. The pair will find support at around 109.60, which is...

EURUSD Broke Above Channel Resistance

by ForexCycle.com | May 18, 2017 5:04 am
EURUSD broke above the upper line of the price channel on the daily chart, which provided resistance around 1.1060, indicating that a new bullish movement had started. Further rises could be expected over the next several days...

Moving Averages Can Identify a Trade

by ForexCycle.com | December 2, 2016 1:56 pm
By Elliott Wave International Moving averages are a popular tool for technical traders because they can “smooth” price fluctuations in any chart. Senior Analyst Jeffrey Kennedy gives a clear definition: “A moving average is simply the average...