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Forex Trading Chennai
Technical analysis is the study of past and current price behavior on the charts to forecast future price movements. The charts are a pictorial representation of the way the market participants respond and perceive the business conductivity and economic health of a company or a nation. The behavior of the market participants is a reflection of price on the charts.
AUDUSD – confluence of supports – 25/09/18
Yesterday I wrote about the confluence resulting from the use of 2 strategies to confirm a signal to open an order. Today’s analysis of the AUDUSD pair also is based on confluence, this time it concerns the levels of support and EMA144 strategy assumptions.
NZDUSD – end of correction – 25/09/18
NZDUSD – has been moving in a downward trend for a long time, and from August 15, an upward correction is underway. I noticed that the closing of the last candle on H4 was accompanied by the creation of a maximum on the MACD, which starts to decrease. According to the PA + MACD strategy, this is a signal for declines on this pair.