The Bollinger bands is a popular tool in forex trading that is applied on the chart to assess the price movement. It is labelled as a trend-following tool that uses three lines: centerline, upper line, and lower line. These bands record the price deviation from the security’s true value. When …
Read more
May be called Momentum, the Rate of Change (ROC) is a pure momentum oscillator. What the ROC calculation does is compare the present price to the previous prices seen through “n” periods. Easily put, the ROC calculates the average rate of change in percentage in price between specific periods. From …
Read more
Believe it or not, the Fibonacci sequence has its place in Forex analysis. Here, we will delve into how it works and how to use to use this tool when predicting stock prices. Fibonacci retracement definition Fibonacci retracement is a term popularly used in technical analysis and is usually available …
Read more