We saw one of the last items pivot point, or a way to measure objectively the current price based on the behavior of the same price than before. We also calculated the pivot point and now let's see how we can use in our trading.

If the level of the market indicates that one is above the PP, then the market itself can be considered bullish, or bull. If the market is below the PP, then we can say that the market is bearish. (more...)

While the 'technical analysis is vital for currency trading, particularly for the identification of points of entry and exit points is not sufficient by itself to create a global trading. Sentiment in the FX market is in fact driven primarily by economic and geopolitical news of the day. The key players in the currency market, such as multinational corporations, central banks, multi-billion dollar hedge funds and major investment banks, are key in this area. Does not matter if there is a double peak in the exchange rate EUR / JPY.

But if you study a technique Forex analyzing the latest news on the economic and geopolitical world, we certainly something useful. Correct approach to trading can be summarized as follows: analysis