Moving Average Crossovers
When traders begin to study thetechnical analysis of price action, they will often be introduced to moving averages, which can be helpful in forecasting future price trends. Once traders understand moving averages, they can then apply two moving averages to...
Simple Moving Average (SMA) vs Exponential Moving Average (EMA)
When considering the technical analysis tools to use in their charts, traders will frequently come by simple moving averages, or SMAs, and exponential moving averages, or EMAs. Both of these instruments can help market practitioners make sense of price and...
Getting Started with Moving Averages
Moving Average Talking Points: The moving average is a simple indicator that can serve traders’ needs in a variety of ways. We introduced moving averages in the Technical Analysis Tools section; in this module dedicated to the indicator, we get...
Week Ahead – NFP to Guide Yields, RBA Could be a Yawn, Pound Turns to UK Budget for Boost
As a new month starts, investors will have their eyes locked on the latest nonfarm payrolls numbers out of the United States amid an accelerating selloff in bond markets. The Reserve Bank of Australia’s policy meeting will be the only...
Forward Guidance: Canada GDP to Confirm Economy Weathered Second Wave
We expect GDP rose 7.5% at an annualized rate in Q4 of last year, on the back of a 0.3% increase in December output (in line with Statistics Canada’s preliminary estimate a month ago.) That would mean about 80% of...
Personal income leaps 10% in January thanks to stimulus, but inflation still in check
A fresh round of government stimulus checks sent personal income up to its biggest monthly gain since April 2020 though inflation remained tame, the Commerce Department reported Friday. Personal income jumped 10% after a 0.6% increase in December. That was...
Dollar Strong as Stocks Stay in Red Even Though Yields Retreat
Even though treasury yields are retreating mildly today, stocks are staying in red in Europe and Asia. US futures point to a recovery but it’s unsure if the rebound could sustain before close. Investors are digesting comments from central bank...
EUR/TRY 4H Chart: Two Scenarios Likely
Since November, the EUR/TRY exchange rate has been trading within a falling wedge pattern. From a theoretical perspective, it is likely that the currency pair could continue to depreciate within the predetermined pattern until the beginning of April. Then, the...
EUR/PLN 4H Chart: Falling Wedge Pattern In Sight
Since the beginning of January, the EUR/PLN currency pair has been trading within a falling wedge pattern. From a theoretical point of view, it is likely that the exchange rate could continue to decline within the predetermined pattern in the...
EUR/USD Trades Below 1.2180
Yesterday, the EUR/USD currency pair reversed south from the psychological level at 1.2240. It is likely that the exchange rate could be pushed down by the resistance area formed by the 55– and 100-hour SMAs, as well the weekly R1...