By Ron Harui The moving average convergence/divergence chart shows a buy signal for the greenback against the yen, and the 14-day relative strength index also indicates the U.S. currency will keep gaining, said Pak Lai Ng , a technical analyst at Forecast in Singapore. MACD is showing a

The Australian dollar slid from highs on Monday after unexpectedly soft manufacturing data from top trading partner China triggered knee-jerk selling. But a possible interest rate rise here on Tuesday put a lid on losses. Markets are priced for a 60 per cent chance of a 25-basis-point rate

By Candice Zachariahs Feb. 16 (Bloomberg) -- The Dollar Index may advance to its highest level in nine months as two moving averages cross, ANZ National Bank Ltd. said, citing trading patterns. “The 200- and 55-day moving averages don’t cross often but when they do the

and market fluctuations accompany the placement of moving averages in the currency market much in the same capacity as the Fibonacci retracement . These situations offer plenty of profit and trading opportunities for the FX trader, but picking out these situations takes patience. In this article,

Turn Trade Basics The turn trade recognizes the desire of most traders to find turns in the price action (that is to buy low and sell high), but it does so in the overarching framework of trading with the trend. The setup uses multiple time frames, moving averages and Bollinger

Stochastic and MACD Before diving into the intricacies of the combined strategy, let's first briefly review how to interpret both the stochastic and MACD oscillators. Stochastic Oscillator The stochastic oscillator was developed in the 1950s and is used to show the positioning o

By Ron Harui Europe’s currency is likely to test the $1.4118 level in coming days because daily momentum charts such as the moving average convergence/divergence, or MACD, show a sell signal for the euro versus the dollar, Ng said. The support is a 38.2 percent retracement of t

“The downtrend in the U.S.-Canadian dollar exchange rate got a boost on Monday after prices were able to a register daily close below a triple bottom at 1.0419,” George Davis , chief technical analyst in Toronto at RBC Capital Markets, wrote in a note to clients. The firm is a unit of

The 16-nation currency is currently in a downtrend as it remains below its 20- and 200-day moving averages, said Yoh Nihei , a trading group manager at Tokai Tokyo. “Upward momentums are capped for the euro-yen,” Tokyo- based Nihei said yesterday in an interview with Bloomberg News. Th