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Day: February 11, 2013
February 112013
UK Pound Drops on Economic Concerns
UK pound is heading lower again, dropping as economic concerns once again dominate the situation. Worries about what’s next for the British economy are weighing on the sterling, sending it lower across the board. Last week, the Bank of England indicated that the economic recovery in the United Kingdom would be slow, and that there wasn’t much to be expected in the near term. However, many are looking forward toward the quarterly […]
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February 112013
US Dollar Mixed as Traders Consider Recent Information
US dollar is mixed today as Forex traders consider recent information, and try to come to decisions about what is likely next for the world’s currencies. There is a lot going on right now, and a lot of remarks from various world leaders to consider. Greenback is mixed right now, thanks in large part to an interest in sifting through the information that has recently been released on a number of fronts. Last week, remarks […]
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February 112013
High/Low vs. Open/Close in Forex
Today, it has come to my attention that I still had not blogged about one of the most important issues in Forex chart analysis â the validity of using the Open/Close values in daily and intraday charts. As you know, majority of FX traders use either candlestick or bar charts. Each bar and candlestick consists of only four values â Open, Close, High and Low. In candlestick pattern analysis, open and close levels are very important. […]
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