Archive for May 31st, 2010
Forex Technical Analysis – 2010-05-31 – GBP/USD Bullish Correction within Strong Bearishness
(Please click on chart thumbnail to enlarge. Price on 1st pane, Slow Stochastics on 2nd pane; horizontal support/resistance levels in yellow; uptrend lines in green; downtrend lines in red; chart patterns in white; 50-period simple moving average in light blue.) 5/31/2010 (FXpath.com) – Despite rising up to reach and slightly surpass 1.4600 resistance last week, [...]
Learn Forex – Forex Trading with Divergences
Learn Forex (FXpath.com) – Price-oscillator divergences in the forex market are instances when there is a technical imbalance between the price movement on a currency pair and an oscillator’s movement. Divergences should not be considered complete, self-contained trading strategies. Rather, they should be regarded as signals that warn of some potential impending directional bias. As [...]
