Tag: forex currency meter

Cable waits on PMI

New trading month sees the usual crop of PMI releases. China has already reported today we have the numbers from Italy, Spain and France as well as the UK. Although UK economy is predominantly services based, the manufacturing number has been managing to hold above the key 50 level. From a technical perspective so far… Read more »

Is AUD/USD finally preparing to reverse higher?

The Aussiedollar weekly chart is another classic example of how patience can be richly rewarded following the extended congestion phase of March to August 2014 which saw the pair trade in an increasingly tighter range around the VPOC (volume point of control) in the 0.93 to 0.94 price area. This type of price action is… Read more »

Forex currency strength indicator explained

Question Hi Anna, Firstly, I just wanted to say I’ve just finished “Forex For Beginners” and I thoroughly enjoyed the book; found if extremely helpful and useful. Opened my first forex account on Friday of last week. Made some mistakes at first, lacked the discipline to follow my strategy, I think I was a tad… Read more »