News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
EUR/USD
Mixed
Oil - US Crude
Bullish
Wall Street
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Gold
Bearish
GBP/USD
Bullish
USD/JPY
Bullish
More View more
Real Time News
  • An economic calendar is a resource that allows traders to learn about important economic information scheduled to be released. Stay up to date on the most important global economic data here: https://t.co/JdvW6HNuqV https://t.co/mPV8BzlTV6
  • 🇮🇳 Markit Manufacturing PMI (SEP) Actual: 56.8 Expected: 52.8 Previous: 52 https://www.dailyfx.com/economic-calendar#2020-10-01
  • Trump signs stopgap funding bill to avert government shutdown -BBG
  • #USD is again struggling against #ASEAN currencies as of late Could recent gains seen in $USDSGD, $USDMYR, $USDPHP and $USDIDR be at risk? Check out my latest tech update here - https://www.dailyfx.com/forex/technical/article/special_report/2020/10/01/US-Dollar-Struggling-Again-USDSGD-USDMYR-USDPHP-USDIDR.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/Pap5gVfswH
  • Heads Up:🇮🇳 Markit Manufacturing PMI (SEP) due at 05:00 GMT (15min) Expected: 52.8 Previous: 52 https://www.dailyfx.com/economic-calendar#2020-10-01
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.17%, while traders in Wall Street are at opposite extremes with 67.02%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/FRN1u3LYrM
  • What is seasonal change in volatility. Are we going through one right now? Find out: https://t.co/G0qfpOmMl2 https://t.co/3XvFhj5M92
  • Forex Update: As of 04:00, these are your best and worst performers based on the London trading schedule: 🇦🇺AUD: 0.20% 🇨🇦CAD: 0.19% 🇪🇺EUR: 0.19% 🇨🇭CHF: 0.15% 🇬🇧GBP: 0.12% 🇯🇵JPY: 0.02% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/HhRYT1dlBW
  • White House Chief of Staff Mark Meadows: White House virus stimulus counteroffer above $1.5 trillion -BBG
  • Indices Update: As of 04:00, these are your best and worst performers based on the London trading schedule: Wall Street: 0.73% US 500: 0.59% FTSE 100: 0.42% France 40: 0.22% Germany 30: 0.21% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/yT6DCNP6jw
Foundations of Technical Analysis: Trading the Turn

Foundations of Technical Analysis: Trading the Turn

2018-02-23 17:32:00
Michael Boutros, Strategist
Share:

See these tools & methodology used in practice, Join Michael for his Weekly Strategy Webinar on Monday mornings.

Foundation of Technical Analysis: Building a Trading Strategy- Click here for the complete series and webinar archives

In this episode of our bi-weekly webinar on the Foundations of Technical Analysis, we reviewed key principles in identifying price exhaustion / turns within the broader context of the dominant trend. A review of the basic concepts of multi-timeframe analysis and how to incorporate the near-term technical picture to identity short-term opportunities.

Topics discussed:

  • Identifying where / when markets are vulnerable for exhaustion
  • Identifying slope / pitchforks confluence regions
  • The anatomy of a pullback- how to approach entries
  • Scaling out of positions
  • In-depth look at the value & application of multi-timeframe analysis
  • Q&A Session

New to Forex? Get started with this Free Beginners Guide

A review of the latest USD/CAD & USD/JPY setups published earlier this week highlight live examples of how we utilize our technical approach to translate an idea into an actionable trade.

Join us for the next Foundations of Technical Analysis Q&A webinar where we’ll take the entire session to answer your questions on trading. Register Now!

Why does the average trader lose? Avoid these Mistakes in your trading

Want more information on technical analysis and trading strategies? Check out ourFree DailyFX Trading Guides!

---Written by Michael Boutros, Currency Strategist with DailyFX

Follow Michaelon Twitter @MBForex contact him at mboutros@dailyfx.com or Click Here to be added to his email distribution list.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES