Wed, 07 Feb 2007 16:14:16 MST
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Written by Ron Jones
There are many currency pairs to choose from but which pairs should you trade? In my opinion, the currency pair(s) you choose to trade should be based on your trading style and trading experience.
Three main types of currency pairs are:
The majors: EUR/USD, USD/JPY, USD/CHF and GBP/USD.
The commodity pairs: USD/CAD, AUD/USD and NZD/USD.
The currency crosses: most popular are the EUR/GBP, EUR/JPY and EUR/CHF.
Wed, 07 Feb 2007 07:52:31 MST
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Written by Jimmy Yung
The three currency pairs that have the highest correlations with commodities are the Canadian dollar (CAD), Australian dollar(AUD), and the New Zealand dollar(NZD). Highly correlated to rising and falling gold prices are the AUD/USD and NZD/USD currency pairs, the single biggest beneficiary of rising oil prices is the USD/CAD.
Sun, 04 Feb 2007 16:24:40 MST
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Written by Jimmy Yung
The seven most liquid pairs are traded against the US dollar with the first four pairs being the majors, followed by three commodity pairs. Other currency pairs are better known as the currency crosses, most popular crosses are those that include the euro, they are EUR/JPY, EUR/GBP and EUR/CHF.
Mon, 29 Jan 2007 07:51:14 MST
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Written by Aboutcurrency
Divergence is a term which often comes back in forex technical analysis, it occurs when the price of the underlying currency pair and the indicator move in opposite directions. A bullish divergence can predict future upturns, while a bearish divergence can predict future downturns. Currency traders make trading decisions by identifying situations of divergence, where the price of a currency pair and indicators, such as the MACD, are moving in opposite directions.
Thu, 25 Jan 2007 15:14:54 MST
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Written by Kent Gerard
Developed by Larry Williams, Williams%R is a momentum indicator used to indicate overbought and oversold levels. Overbought market conditions are found at the upper band (readings from 0 to -20) and oversold conditions at the lower band (readings from -80 to -100). This indicator will work well in ranging currency markets.
Wed, 24 Jan 2007 11:58:03 MST
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Written by Liam Dun
Price envelopes consist of 2 moving averages and are plotted at a set percentage above and below a 3rd moving average. Price envelopes can be used to indicate overbought and oversold levels. Overbought conditions are found at the upper band and oversold conditions at the lower band. This indicator will work well in ranging currency markets.
Fri, 19 Jan 2007 16:31:30 MST
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Written by Pete V.
Developed by Donald Lambert, the momentum indicator measures the difference between the current market price of a currency pair (or other instrument) and the price of the same currency pair a certain number (n) of days ago.
Thu, 11 Jan 2007 06:47:20 MST
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Written by Tom Plesk
Developed by J. Welles Wilder, SAR stands for "stop and reverse" and Parabolic refers to the parabolic-shaped series of dots that are overlayed on the underlying currency price chart. Parabolic SAR is a very popular technical indicator used in currency trending markets to tell you where to set your trailing stops. It can help you to remove fear and greed from your trading.
Wed, 10 Jan 2007 06:39:57 MST
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Written by Tom Plesk
Developed by J. Wilder, the DMI indicator is a trend following indicator designed to determine first whether a currency pair is trending or non trending before providing buy or sell signals in the direction of the trend.