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Month: October 2016

28 Oct
Forex Market Preview

Dean Forex Market Commentary – 28 October 2016

Dean’s Daily FX Update – 28 October 2016   In the Zone AUDUSD USDCAD Noteworthy News Nissan confirmed that they will be building the Qashqai and X-Trail in Britain for the foreseeable future. This is a major coup for the British Automobile industry and will aid in adding jobs, I would expect to see some […]

27 Oct
Forex Market Preview

Dean Forex Market Commentary – 27 October 2016

Dean’s Daily FX Update – 27 October 2016     In the Zone USDCAD USDJPY Noteworthy News Under the circumstances, Finance Minister Gordhan delivered a fairly solid Mid Term Budget Speech. It was largely well received with most parties seeming to be content, the only disappointed party was the EFF (no surprise there). It is […]

26 Oct
Forex Market Preview

26 October 2016 – Dean Forex Market Commentary

Dean’s Daily FX Update – 26 October 2016   In the Zone AUDUSD USDCAD USDCHF USDJPY Noteworthy News As if there was not enough tension around the current political landscape in South Africa, and in particular today’s Mid Term Budget Speech. Protesting students in the #FeesMustFall Campaign (remember them?) plan to protest at Parliament during […]

25 Oct
forex education

Forex Help – Commodity Channel Index

The CCI was initially developed for the commodity markets but is widely used by FX and equity traders too. It measures the variation from the average and is similar to the RSI and Stochastics. It indicates a reversal of the trend.

25 Oct
forex education

Forex Help – Envelopes

Envelopes are based on a simple moving average. It uses a deviation to show an upper and lower trading band. When the market reaches the upper band, it indicates a short may be in play. The same applies to a long trade. An extremely useful tool.

25 Oct
forex education

Forex Help – Average Directional Index

Another indicator that can assist with determining the strength of a market move. The ADX is best used with a stochastic or RSI. Shows whether we have a weak or strong trend, not whether the market is overbought or oversold.

25 Oct
forex education

Forex Help – Parabolic SAR

Often known as the “stop and reverse” indicator. It plots little dots above and below the price and helps identify a change in direction. Can also help with where to place stop losses.

25 Oct
forex education

Forex Help – RSI

The Relative Strength Index shows the magnitude of the recent price movements. The RSI shows the strength of the market move in one direction or the other.