An Introduction to the Stochastic Oscillator with IC Markets

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In the right hands, oscillators offer an additional opinion on market conditions. At its core, the stochastic oscillator is a momentum indicator in the field of technical analysis: a technical indicator. Momentum is the strength of a positive or negative change in market prices. It essentially measures the speed at which price action is rising/falling. … Continue reading An Introduction to the Stochastic Oscillator with IC Markets

The Most Traded Currencies in Foreign Exchange

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According to the Bank for International Settlement Triennial Central Bank Survey (BIS), the Foreign Exchange market (or FX or forex market) is the largest and most liquid in the world with a global turnover measuring $5.1 trillion per day in 2016. As disclosed in the table below (courtesy of BIS), foreign exchange swap transactions cleared … Continue reading The Most Traded Currencies in Foreign Exchange

Measure Market Momentum Using the Awesome Oscillator

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Born in 1932, Bill Williams is a US-based trader and the author of a number of books on trading, and also the gentleman behind the Awesome oscillator indicator (AO). In addition to this, Williams is the creator of other well-known technical indicators, such as the Accelerator oscillator, Alligator, Fractals, Gator oscillator and the Market Facilitation … Continue reading Measure Market Momentum Using the Awesome Oscillator

Trading the Forex Market Using Bullish and Bearish Pennants

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Observing sharp moves form in the foreign exchange market followed by periods of consolidation is common viewing. The problem traders have, though, is deciphering whether the pause in market price is the beginnings of a reversal, or a pullback before proceeding on its initial course. A chart pattern that places a framework around this type … Continue reading Trading the Forex Market Using Bullish and Bearish Pennants