The Elliott Wave Principle is a popular technical tool used by traders to forecast where prices might head in the future. Ralph Nelson Elliott discovered this wave pattern secret in the 1930s. Since patterns do not just come from anywhere, or from out of space, but result from all the interactions of traders, buying and…
One of the common technical indicators used in currency trading to track future market trends is called Fibonacci Retracement. It is a principle based on an infinite number sequence discovered in the 13th century by the Italian mathematician, Leonardo Fibonacci. Basically you take two numbers like one and two, and then you add these two…
One of the most popular technical tools used by traders is the simple moving average (SMA). A moving average is commonly used to smooth out short-term fluctuations and highlight longer-term trends. In all cases a moving average lags behind the latest data point, simply from the nature of its smoothing. SMAs can tell you if…
Analyzing prices and reading chart patterns can help traders to better predict where prices may be headed in the future. Following trends in the markets is a popular strategy. Trends last for a very long time in the currency markets. In fact they can last for years. It is possible to make money trying to…
Many traders use the ancient art of candlestick analysis. Candles give investors a quick view of the market actions for a day, week, month or a year. This technique dates back to the seventeenth century, when Japanese traders used this method to trade rice. Today candles are used to set up trades and spot trend…
Technical analysis is one way investors try to anticipate the price movement of a country’s currency. Technical analysis offers investors several different approaches to trading. Fibonacci analysis and the Elliott Waves theory, for example, go back to the DOW theory that markets move in a predictable way, in patterns. Technical analysis focuses on reading chart…
Global technology giant, Apple, Inc. formerly Apple Computers, was founded on the 1st of April 1976 by Steve Jobs and Steve Wozniak and became world famous for their personal computers. Today, the company is headquartered in Cupertino, California, and specialises in the designing, manufacturing, marketing and selling of consumer electronics, computer software, and online services….
The time for cardiac arrest has passed, OPEC+ introduced its supply cut. It was widely expected that the cartel would cut its production by nearly 10 million B/D, and they have delivered. OPEC+ is done with its job–for now. We need two important factors to play their role, and they are as follows: Non-OPEC+ members…
