Generally, a downtrend has excellent sell conditions, while uptrends basically provide traders with buying opportunities. Further read:Trendline Trading Back to top 3. How to Analyze Forex Charts Using the Three-Line Break Chart The three-line break chart is one of the easiest and popular ways to...
In Forex trading, stocks, commodities or trading any other cryptocurrency, charts are always used and analysed in order to make a wise decision for trading. In this article, we will be discussing how to read, analyse and understand the charts used for trading. We will use the chart of a ...
For a weekly chart the price range is for one week, Monday to Friday. If a holiday occurs during the week only the data available for the week is used. The top of the bar represents the highest value for the week and the bottom of the bar represents the lowest value for the week. ...
to be one of the oldest types of charts, developed in Japan several centuries ago for the purpose of price prediction in one of the world's first futures markets. In the 18th century, Munehisa Homma become a legendary rice trader and gained a huge fortune using candlestick analysis. He ...
TheTime Series ForecastusesLinear Regressionto calculate a best-fit line over a designated time period. This line is then plotted forward for a user-defined time period. What Does the Time Series Forecast Look Like? The chart below of the mini-Dow Futures contract shows the Time Series Forecas...
Open interest refers to the futures market and when future contracts or options are expiring; open interest is a more complicated indicator—for it to move either up or down, both bulls and bears must be equally optimistic that their position is either correct or incorrect. ...
1. Bar charts (HLC / OHLC)– This is the most widely used chart and the default I use myself on this site. It is constructed to show four pieces of information: opening price (optional), closing price, high of the day, and low of the day. Looking at each day’s history, a vert...
1) Selling of pressure to break down the minor blue support line At the opening of today's session, chart confirmed the market's intention. 2) Trap for bulls at the opening of the session (I use data from Moscow exchange, futures section). Green clusters represent: a) buyers are enterin...
How Does A Tweezer Top Pattern Form? The 15-minute chart below of the E-mini Russell 2000 Futures contract shows how a three day Tweezer Top usually develops: OnDay 1, the bulls were in charge of the Russell 2000 E-mini. OnDay 2, however, the bulls began the day trying to make a...
Japanese rice traders first usedcandlestick chartsin the 18th century.8They are visually more appealing and easier to read than the charts above. The upper portion of a candle is for the opening price and highest price point of a currency, while the lower part indicates the closing price and...