A beginning commonly has a central bar with a higher high or lower low than the two preceding bars and the two subsequent bars.
The figure below illustrates a basic fractal patterns containing five bars.
Looking at the chart, you’ll observe that, a fractal looks more like a small reversal. It shows a possibly momentous high or low. (more…)
Fractals are indicators on candlestick chart that that can help you to discover the points where reversal occurs in the forex market. Traders of frequently utilize fractals to obtain a clue about the direction that the price would possible go to. A fractal will be created when a specific price pattern happens on a chart. (more…)
Apart from factors like interest rates and inflation, the currency exchange rate is one of the most significant factors that are commonly used to determine the state of health of a country’s economy. Exchange rates contributes immensely to the amount of trades that goes on in the country and this a very significant factor for the global free market economy. Because of this, exchange rates are one of the key factors that are frequently investigated, analyzed and manipulated through the government policies. In this article, we are going to look at the most important factors that contribute to the change in exchange rate. (more…)
To maximize forex return and mitigate risk to exposure forex forecast is very significant. It is vital to forex trader and traders who deal in international currencies alike. There are many ways to forecast foreign exchange rates but in this article we will talk about the four most popular ways to forecast exchange rate. (more…)