Forex Trading: GBPUSD stays below 50% retracement level

GBPUSD has remained below the 1.9881 the 50% retracement level. 1.9820 provides channel support.

Charts for the technical analysis Posted By : Tomas Anderson
Kinds of prices and time units. Charts for the technical analysis are being constructed in coordinates price (the vertical axis) time (the horizontal axis). The following kinds of currency prices represented on charts are being distinguished on Forex:

Do You Know Why You Want To Become A Trader Online? Posted By : Jim Brown
There are men who consider themselves to be motivational gurus.

Lines of trends, support and resistance Posted By : Tomas Anderson
A trendline is a main initial element for the price chart analysis. While the market moves in any direction not along a straight line but along a zigzag, the mutual placement of upper and bottom points of those zigzags permits to plot a line connecting the significant highs (peaks) or the significant lows (troughs) of an appropriate zigzag using technical tools of the computer program.

Forex Trading:USDJPY and GBPJPY under pressure

The stock decline and option activity seems to be pressuring the pairs. GBPUSD being pressured as well as market participants hedge their positions. The activity in the illiquid market continues to exagerrate the price moves.

Short data about the origin and development of the currency exchange market Posted By : Tomas Anderson
Currency trading has a long history and can be traced back to the ancient Middle East and Middle Ages when foreign exchange started to take shape after the international merchant bankers devised bills of exchange, which were transferable third-party payments that allowed flexibility and growth in foreign exchange dealings.