Forex Chart Basics

Educational articles about the basics of technical analysis. Charts, chart types, candlestick basics, main candlestick reversal signals. Volume, moving averages, basic technical studies such as Stochastics, MACD, RSI, and Momentum will be explained with simplicity, and its parameters discussed.

If EUR/USD Buying is High, Does That Affect the Fluctuation/Swing in...

The EUR-USD cross is an intriguing one. With a total of 9.6 million traders in the world, approximately 37% of all volume at the...

Naked Trading? It’s Not What You Think!

If you choose to trade while naked, that's entirely your business. Don't let us stop you! What we'll be talking about today, however, is...

Pivot Points in Forex Trading: What You Need to Know NOW

When you study Forex trading you may have discovered the term, pivot points. This is a collection of supports and resistors that are previously...

The Ultimate Guide To Correlations: From Basics to Opinions

Individuals eager to enter the world of trading usually feel perplexed when they start analyzing the charts, not fully understanding the movement of prices...

What Are Forex Price Gaps?

Price gaps are not something that many traders want to see, they do not happen every single day but they are a pretty easy...

The Importance of Not Mixing Up Your Time Frames

Having the ability to look at multiple different timeframes at the same time is a blessing, but it can unfortunately also be a curse....

How to Guess Support/Resistance Level Well Ahead?

In today’s example, we are going to demonstrate an example of a fundamental character of support/resistance. We know the importance of support/resistance in trading. Thus, if we get a clue about spotting support/resistance well ahead, it comes out handy. Let us find out whether it is possible or not.

Spotting Out Support/Resistance is an Art

Support/Resistance levels are one of the most important factors in trading. In today’s lesson, we are going to demonstrate an example of adjustment in determining the support/resistance level.

Chart Combination Traders: Do Not Forget to Calculate This

In today’s lesson, we are going to demonstrate an example of the Daily-H4 chart combination, which may end up producing a trading signal. We find out soon whether it produces a trading signal or not in the end. Let us get started.

Candlestick Reversal Patterns V – The Morning Star and the Evening...

The Morning Star and the Evening Star

Candlestick Reversal Patterns III: Understanding the Harami

So far, the reversal formations we saw - the Piercing Pattern, the Dark Cloud Cover, and the Engulfing patterns, were strong reversal signals, showing that the bulls or bears had the control. The Harami is usually a less powerful signal.

Candlestick Reversal Patterns: Refresh your Knowledge

After our last articles on candlestick reversal patterns, test your kowledge.

Candlestick Reversal Patterns I: Overview and The Piercing Pattern

Candlestick Reversal patterns: An Overview

Caution! A Big Round Number Ahead

In today’s lesson, we are going to demonstrate an event to find out what the price may do around the big round number. A big round number plays a significant role as far as traders’ psychology is concerned. The price usually gets volatile around a big round number. It may get tough for the traders to find out entries around the big round number. Let us now dig into USDCHF recent activities around the big round number 1.00000.

An Inverted Hammer at a Double Bottom

The Double Bottom is a pattern, where the buyers eagerly wait to get a bullish reversal candle at. Typically, a Bullish Engulfing Candle, a Bullish Pin Bar,  a Bullish Truck

Unusual Candlestick Chart Types

In our previous article, we have seen the mainstream chart types, out of which the candlestick charts are the most prevalent in the current markets. But traders devised other ways

All you need to be introduced to Trading Charts –...

Why Technical Analysis? The expression "technical analysis" originated from the belief that price action is all that is required to make sound trading decisions. Fundamental analysts believe that fundamental or

Why Mark Support/Resistance Zone Along with Line?

Most traders use a horizontal line on their trading chart to mark support/resistance levels. Support and Resistance lines are the most basic trading tools, which traders use to make a

Ideas that can be Blended with Candlestick to Trigger Entries-Part4

In this article, we are going to demonstrate how a Morning Star offered us an entry. We know Morning Star is a strong bullish reversal candle, which is a combination

Ideas that can be Blended with Candlestick to Trigger Entries-Part 3

In Part 2, we learned how important a breakout is for taking an entry. Even the strongest reversal candle itself is not enough to create a new trend. In this

Ideas that can be Blended with Candlestick to Trigger Entries –...

Candlestick Patterns are widely used by traders to take entries and making money out of trading. We have come to know from Part 1 that relying on a candlestick formation

Ideas that can be Blended with Candlestick to Trigger Entries-Part 1

Candlesticks are considered one of the strongest components to take an entry. However, this is not the only thing that a trader shall consider before taking an entry. An Engulfing

Morning Star: A Strong Bullish Reversal Candlestick Pattern

The Morning Star is a bullish reversal pattern that occurs at the bottom of a downtrend. A Morning Star is a combination of three candlesticks: The first candle shows the

Hidden Wisdom Behind Range Measures

People coming to the Forex markets usually learned new vocabulary. The first special words they learn maybe are, margin, profit, risk-reward, and candlestick. Perhaps, afterward, they learn new concepts such

Types of Bullish Candlesticks

In this article, we are going to get acquainted with some of the Bullish Candlesticks that the financial markets produce. Let’s get started.   Bullish Trackrail Bullish Trackrail candlestick indicates

Three Facts about Candlesticks you Never Knew About

Candlesticks are great because it makes trends visual at first glance. But most candlestick users stay just with that trait and don't go more in-depth. Of course, everybody knows some

Candlestick Charts and Its Advantages in Financial Trading

With the advancement of technology, retail trading in the financial markets has become popular among investors. Since unnumbered traders from all over the world invest in the financial markets, they

Dissection of a Candlestick

A candlestick is a type of price that financial markets’ charts use to display the high, low, opening, and closing prices for a particular period. It is the most commonly

Latest Forex Articles