Tag : currencies

NEVER ADD TO LOSING TRADE !
NEVER ADD TO LOSING TRADE !

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I Am Bullish The U.S Dollar
I Am Bullish The U.S Dollar

Dollar Index Futures—The dollar index in the June contract is trading higher for the 2nd consecutive session up sharply this Wednesday afternoon by another 43 points at 97.75 hitting a contract high once again as I still believe this currency will crack the 100 level in the coming weeks ahead. If you are long a futures contract continue to place…

What Is A Rounding Top Chart Pattern ?
What Is A Rounding Top Chart Pattern ?

What Is A Rounding Top Chart Pattern ? A chart pattern used in technical analysis which is identified by price movements that, when graphed, form the shape of an upside down “U”. A rounding top may form at the end of an extended upward trend and indicates a reversal in the long-term price movement. The pattern can develop over several…

Are Moving Averages Important ?
Are Moving Averages Important ?

How Can You Use Moving Averages To Your Advantage? A simple moving average is calculated by adding the closing price of a commodity such as crude oil for a number of time periods and then dividing this total by the number of time periods.   Short-term averages respond quickly to changes in the price of the underlying commodity, while long-term…