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November 29, 2013

Market Language

The market is a part of nature, as it is produced by the interaction of traders. In other words, it is a reflection of human nature. So it is not a strange creature, or a mysterious place. Since both the markets and the traders are parts of nature, they subject to the simple laws of […]

Bollinger Bands on 4H chart

Swing traders may find 4H charts very useful as they help to determine price movements without paying too much attention to economic data. It would not be wise to ignore fundamentals, because in a way, political intervention in the markets occurs quite often. I would like to note that every 7 [Read more...]

EUR/GBP Technical & Fundamental Outlook

EUR/GBP is considered one of the most predictable currency pairs in Forex market. Yesterday the pair once again gave a daily closing below an important channel resistance as shown in the following chart. Technical Levels At the moment in Asian session, spot is around 0.8322 where it is likely [Read more...]