Wendy Le MARKET MOVERS Wendy Le NZ Official Cash Rate & RBNZ Rate Statement – 12 August 12:00pm The NZ official cash rate is forecasted to stay the same at the record low rate of 0.25%. As the cash rate stabilising indicates economic recovery, this may lead to a bullish NZD and AUD. An interest rate cut … Read more
Position sizing is important to understand in order to prevent over-exposing/over-leveraging your account, position sizing is very important to ensure trading consistency. About 77% of retail traders lose their whole account due to incorrect risk management. This article goes through some basics on how to calculate your risk/exposure on a trade. What is a “lot” … Read more
Support and resistance are the most commonly used tool when undergoing technical analysis. Support levels and resistance levels are used by traders to refer to price levels on charts that tend to act as barriers, preventing the price of an asset from getting pushed in a certain direction. Support Support is a price level where … Read more
What are the Bulls and Bears in Forex? Often traders characterise trends as bullish or bearish, although there isn’t much correlation between the two. The term bullish represents an upward trend, while bearish represents a downward trend. These jargons are often used in technical commentaries, phrases like bullish sentiment, bearish reversal, allows ease of communication … Read more
A triangle is a chart pattern formed by drawing trendlines on a converging price range. There are three different types of triangle patterns, ascending, descending and symmetrical. Triangles are very useful to determine continuation/reversal trends. Ascending triangle An ascending triangle is a breakout pattern that forms when the price breaches the upper horizontal trendline. The upper trendline … Read more
Bollinger bands are a technical analysis indicator with a set of lines plotted two standard deviations above and below the simple moving average (SMA). The band can be changed by adjusting the SMA settings to a different timeframe, the most common setting is the 20 day SMA setting. However, it is important to note that Bollinger Bands should not … Read more
Introduction Moving average is a very popular indicator used in technical analysis. It is considered as a lagging indicator due to the nature of it using previous price action to provide an average price even when there are large short-term price fluctuations. There are two types of moving average indicators: SMA (simple moving average) and … Read more