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Free Trading Guides
EUR/USD
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EURUSD Pressure Building while Anxious Traders Weigh: Did S&P 500 Break
2020-09-19 03:44:00
Euro Technical Forecast: EUR/USD, EUR/CHF, EUR/AUD, EUR/CAD
2020-09-18 05:00:00
Oil - US Crude
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Oil Price Outlook: Crude Recovery Vulnerable below Trend Resistance
2020-09-19 04:00:00
Crude Oil Price Climbs to Test 50-DMA in Wake of OPEC+ Update
2020-09-17 19:45:00
Wall Street
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Dow Jones Tries to Turn Green on Upbeat Consumer Sentiment Data
2020-09-18 14:25:00
Dow Jones Futures Fluctuate, DAX 30 and ASX 200 In Tight Range
2020-09-18 02:00:00
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EUR/JPY, AUD/JPY, USD/CAD, Gold – Charts for Next Week
2020-09-18 12:00:00
Gold Price Continues to Rebound from 50-Day SMA Following FOMC
2020-09-18 00:30:00
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British Pound (GBP) Weekly Outlook - GBP/USD and EUR/GBP Forecasts
2020-09-18 16:00:00
British Pound (GBP) Latest: Brexit Trade Talk, New Lockdowns and UK Retail Sales Data
2020-09-18 08:00:00
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Japanese Yen Exhibits Bullish Behavior as BoJ Braces for Negative CPI
2020-09-19 13:00:00
Japanese Yen Outlook: Beware of Currency Intervention Levels
2020-09-18 09:30:00
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  • The growth-linked New Zealand Dollar may rise on the upcoming #RBNZ rate decision following rosy economic data. However, downside potential in the S&P 500 could offset $NZDUSD gains. Get your #currencies update from @ddubrovskyFX here: https://t.co/LfCe6C6G3P https://t.co/kUeBxxeaEf
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  • The S&P 500 pushed the market's comfort with a head-and-shoulders pattern through Friday's close. What should we look for in technical patterns, overlapping fundamental tides and speculative positioning for the likes of $EURUSD next week? https://www.dailyfx.com/forex/video/daily_news_report/2020/09/19/EURUSD-Pressure-Building-while-Anxious-Traders-Weigh-Did-SP-500-Break.html?ref-author=Kicklighter&QPID=917719&CHID=9 https://t.co/lgVJVwi8th
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  • Key levels in forex tend to draw attention to traders in the market. These are psychological prices which tie into the human psyche and way of thinking. Learn about psychological levels here:https://t.co/1oygcFMFNs https://t.co/d9EmTOHyTv
  • Traders tend to overcomplicate things when they’re starting out in the forex market. This fact is unfortunate but undeniably true.Simplify your trading strategy with these four indicators here:https://t.co/A4dqGMPylo https://t.co/xqbUxwWgTZ
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  • There is a great debate about which type of analysis is better for a trader. Is it better to be a fundamental trader or a technical trader? Find out here: https://t.co/aVAzFypAg1 https://t.co/r7aJb4qpqc
  • There’s a strong correlation between interest rates and forex trading. Forex is ruled by many variables, but the interest rate of the currency is the fundamental factor that prevails above them all. Learn how interest rates impact currency markets here: https://t.co/ERyiY47G5H https://t.co/fIGDaDW21V
Candlesticks and Range Trading

Candlesticks and Range Trading

2010-11-24 20:24:00
Richard Krivo, Trading Instructor
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Student’s Question:I attended a Range Trading webinar and after it was over, a question came to mind:are there any candlesticks or candlestick patterns that could be beneficial when Range Trading?ThanksInstructor’s Response:Take a look at the chart below for a visual on this…

Candlesticks_and_Range_Trading_body_31393d1244761156-post-day-chart-6-11-09.png, Candlesticks and Range Trading

One of the keys here will be the longer wicked candles (and longer wicks in general) as they signal the potential for a change of direction of the pair. The engulfing candles can help and certainly the Morning Star at support and Evening Star patterns at resistance will assist us as well.

To learn more about candlesticks in trading, if you are a live FXCM account holder, click on the following link…

https://plus.dailyfx.com/tnews/index.jsp?ib=fxcm&lang=en, put in your live account number and live account password for the username and passwordand then click on “Trading Course” and you will see a series of 15 subjects…one of which is Candlestick Patterns.

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

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