Relative Strength Index lies in the range of 0 to 100, and if the value is 30 or below, the market is said to be oversold, and the prices are likely to move upwards at this point. There are some individuals who interpret this situation as a trend reversal signal, which signifies a purchasing opportunity. If the value is 70 or more, the market is overbought, and the prices are … [Read more...] about Relative Strength Index and… – Top 5 Charts for You
2021 Fundamental Analysis Basics in Forex
The main hypothesis of Forex fundamental analysis is that the real value of a security may not match its price. Thus, the price may be incorrectly stated by several markets, but it gradually returns to the original price. The ultimate objective of fundamental analysis is to find out the original value of the security, weigh it up against the current price, and pinpoint an … [Read more...] about 2021 Fundamental Analysis Basics in Forex
Brexit Trade Deal Reportedly Edges Closer as EU-UK Clinch Narrow Accord
Britain clinched a Brexit trade deal with the European Union on Thursday ahead of exit from the world’s largest trading bloc in a week, reports Reuters. The deal guarantees that Britain is no longer bound by the EU rules and potentially ends months of intense negotiations between the bloc officials and the U.K. The EU-UK trade news is welcome for many families and businesses … [Read more...] about Brexit Trade Deal Reportedly Edges Closer as EU-UK Clinch Narrow Accord
Oil Price Fall Drags Saudi Exports Lower in October
Saudi Arabia’s exports declined by almost a quarter in October year over year due to a fall in global oil prices. Exports were down to 57.8 billion riyals or $ 15.4 billion from 76.8 billion riyals in 2019. Revenues from oil exports fell by 32.7% in the same period. Non-oil exports fell 0.3% to about 18.9 billion riyals due to slowdowns in chemicals and related industries, … [Read more...] about Oil Price Fall Drags Saudi Exports Lower in October
Price Action Strategy: Breaking it Down from Weekly to M15
Trading Strategies: An Introduction Trading the forex can be deemed as a daunting task as only a few are able to succeed. It is undoubtedly not a get rich scheme but is a mixture of constant struggles and efforts that includes managing your risk, psychology, and trading strategy. Those who begin their path in dtrading are sometimes let astray by the hundreds of … [Read more...] about Price Action Strategy: Breaking it Down from Weekly to M15
