How to Use the ADX Indicator in Forex Trading
Detecting a strong directional move is one of the essential skills every trader needs to master. Regardless of your strategy, finding a strong trend after you enter a position is essential. Created by legendary trader ‘Welles Wilder’ in 1978, the Average Directional Index (ADX) is a technical indicator widely used to identify strong trends and their direction. This article explains why ADX Indicator is so popular with traders at all levels in detail.
Mohicans markets：MHM European Market
On Tuesday, January 10, the international gold price remained stable. Before the Fed Chairman Powell delivered a speech, investors were cautious, and they would learn about the track of the Fed's interest rate increase. The gold price is 1890 dollars in the short term.
Mohicans markets：MHM Today News
On Monday, spot gold fluctuated and broke the 1880 dollar mark for a time, and finally closed up 0.32% at 1871.62 dollars/ounce; Spot silver took back all the gains and turned down in the European market, and finally closed down 1.47% at $23.66/ounce. In addition, the MSCI emerging market index entered a technical bull market.
NZD/USD PRICE ANALYSIS: BEARS ARE LURKING IN CRITICAL RESISTANCE AREA
NZD/USD is higher by some 0.5% on the day so far and headed for a bullish close to starting the week. However, breakout traders chasing the move could find themselves in trouble as per the following technical analysis. NZD/JPY is testing the limits of the support and resistance channel on the hourly chart as follows:
CHFJPY sees potential bottom and short-term reversal
The JPY had seen some renewed strength after the Bank of Japan finally intervened late in 2022 to widen its target band on its 10-year band to -0.5-0.5% from -0.25-0.25%. This was seen as an overall positive catalyst for the currency and a sign that the Bank may be ready to increase rates.
AUDUSD Breaks Higher as Inflation Rises
Monetary policy is a major cause of the increase in inflation, says Stanford economist John Taylor. The Australian Dollar catapulted to a 5-month high above 0.6900 on 9th Jan on the back of the US Dollar being crunched. The ‘big dollar’ is down against all the major currencies.
GEMFOREX - weekly analysis
The week ahead: Top 5 things to watch
Mohicans markets：MHM European Market
On Monday (January 9) in Asia, spot gold rose in shock, hitting an eight month high of 1879.36 US dollars/ounce. Due to the poor performance of the US economic data last week, the Federal Reserve in the market will narrow the interest rate increase in January, and the yield of US bonds fell to a low level in nearly two weeks.
Some Reasons Why Forex Traders Fail Because of It
Many traders ever make a mistake when running this trading, so they must know about forex trader's fail. It will happen for traders but they do not realize it.
Mohicans markets：MHM Today News
On Friday, boosted by the slowly cooling non-agricultural employment data and the US ISM non manufacturing PMI in December, which was much less than expected, spot gold rose more than $30 in the US session, and finally ended up 1.77% at $1865.71 per ounce; Spot silver rose along with gold, and finally ended up 2.57% at $23.81/oz.
Weekly News 2023/01/02-2023/01/06
Index / Stocks / Crypto / Metals / Commodity & Futures / Forex
How to Use Average True Range Indicator (ATR) in Forex Trading
The Average True Range Indicator (ATR) is a popular technical analysis tool widely used for measuring market volatility. It was introduced in 1978 by the renowned trader and analyst Welles Wilder. The ATR is commonly used in forex analysis to measure how much an asset moves on average in a given time frame. If you’re wondering what an Average True Range Indicator (ATR) is and how it helps you trade better; this article is for you!
01/09 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
WCG Markets:2023-01-09
WCG Markets:2023-01-09
What to Expect from the Dollar and the Euro in 2023
We analyzed last week what happened to the two most popular currencies in 2020-2022, what forecasts were given then by the strategists of leading financial institutions for EUR/USD, and how accurate they turned out to be. Now it's time to tell what experts expect from 2023.
TUTORIALS FOR MAKING A 2023 TRADING RESOLUTION
First we wish you Happy New year ???? and hope the holiday was nice? We are now in a new trading year. we hope that each of us already has a trading resolution for 2023. But if not, here is a tutorial or short guide to make it. You can make trading resolutions for 2023 by answering the questions below. Answer as honestly as you can, because the answer will affect your future trading performance.
6 basic trading truths that you might have forgotten about
As a trader, are you awared that walking through a doorway triggers the brain to forget? To be more specific, you’re likely to forget what you were supposed to do after walking through a doorway.
Weekly News 2022/12/26-2022/12/30
Index / Stocks / Crypto / Metals / Commodity & Futures / Forex
Knowing The Best Currency Pair to get Profitable Trading
There is a lot of currency pair in the forex market. So, traders get confused to choose them because they don't know which is the best currency that is profitable.
Mohicans markets：MHM European Perspective
At the beginning of Asian market on Friday (January 6), the stop loss of USD fluctuated in a narrow range. At present, the trading volume is around 105.12, holding most of the overnight gains. The dollar index hit a new four week high on Thursday, after data showed that the job market was strong, supporting the expectation that the Federal Reserve might maintain the pace of aggressive interest rate increases.
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