ForexInflux
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Understanding EMA Indicators in Trading
Exponential Moving Averages (EMAs) are a cornerstone of technical analysis, offering traders and analysts a mathematical approach to smoothing price data over a specified period. Unlike simple moving averages, EMAs give more weight to recent prices, which can provide a more responsive indicator of market direction. This responsiveness to recent price changes helps traders discern…
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USDCHF Uptrend Remains Intact, Watching for Next Breakout
The USDCHF currency pair continues to trade above a rising trendline visible on the daily chart timeframe. This technical development suggests that the broader uptrend from the December 2023 low at 0.8332 remains firmly intact for now. As long as USDCHF can continue finding support from that rising trendline, the recent pullback from the 0.9151…
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EURUSD Consolidates, Watching Key Breakout Levels
The EURUSD currency pair has been trading within a relatively tight range over the past several sessions, oscillating between support at 1.0600 and resistance around 1.0689. This sideways price action is likely serving as a consolidation phase within the broader downtrend from the 1.0981 high set earlier this year. While the consolidative, range-bound environment has…
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USDJPY Breaks Trendline, Range-Bound Period Ahead?
The USDJPY currency pair has taken a bearish technical turn by breaking below the rising trendline support visible on the 4-hour chart timeframe. This trendline breakdown suggests that a lengthier period of consolidation could potentially be underway within the broader uptrend that has been tracking from the 146.47 low printed back in March. In the…
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Incorporating ATR into your Position Sizing Strategy
In the world of trading, proper position sizing is a critical component of effective risk management and long-term success. While there are various position sizing methods available, incorporating the Average True Range (ATR) indicator into your strategy can provide a dynamic and adaptive approach to managing risk and capitalizing on market opportunities. In this article,…
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ATR Index: The Essential Tool for Market Volatility
In the ever-changing world of trading, understanding and effectively measuring market volatility is crucial for making informed decisions and managing risk. Among the various technical indicators available, the Average True Range (ATR) stands out as a versatile and powerful tool for gauging volatility across different markets and timeframes. In this article, we’ll explore the ATR…
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USDJPY Tests Trendline Support, Watching for Next Move
The USDJPY currency pair is currently facing an important technical test, with price action hovering near the rising trendline support visible on the 4-hour chart timeframe. As long as this trendline support area manages to hold firm, the pullback from recent highs could be viewed as nothing more than a consolidation within the broader uptrend…
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EURUSD Breaks Resistance, Further Upside Potential Emerges
The EURUSD currency pair has made a bullish technical break by surging above the 1.0670 resistance level. This move suggests that the short-term downtrend from the 1.0884 high may have already found a bottom around the 1.0600 low. With the breakout above 1.0670, the current rebound off the 1.0600 low could now be seen as…
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Dealing Desks vs. No Dealing Desks Forex Brokers: Which One is Right for You?
Forex trading, the global marketplace for exchanging national currencies against one another, is a complex and multifaceted world. At its core, forex brokers are the gatekeepers of this market, providing traders with access to the currency exchange platform, and often determining the terms of trade. There are two primary types of forex brokers that one…
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AUDUSD Selloff Intensifies, 0.6350 Level in Focus
The AUDUSD currency pair has seen a sharp acceleration of its bearish momentum, with the downside move from the 0.6644 high extending to a new low of 0.6385 so far. With the sellers firmly in control, the path of least resistance appears to be for further AUDUSD declines in the coming days. The next key…
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Nasdaq 100 Breaks Key Support, Further Downside Risks
The Nasdaq 100 index (NAS100) has taken a bearish technical turn by breaking below the key 17775 support level. This breakdown suggests that the prior upside move from the 14054 low may have already completed at the 18488 high printed earlier this year. With the breakdown below such a significant floor, further NAS100 declines could…
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USDJPY Extends Rally, Bulls Aim For 156.00 Target
The USDJPY currency pair has continued to exhibit strong bullish momentum, with the recent upside move from the 150.80 low extending all the way up to 154.44 so far. As long as USDJPY remains trading above the rising trendline visible on the 4-hour chart timeframe, the path of least resistance appears to be for further…