FOREX

The word Harami in Japanese means pregnant. A Harami candle formation is a two candlestick pattern. In an ideal form the first candle has a longreal body and the second candle is a spinning top . The real body of the second candle is located within the body of the first candle. In other words open and close of the second candle are within the open and close of the first candle. The Harami pattern is similar to the inside day Western pattern. If the second candle is adoji then Harami is called ...

The Aussie dollar was unable to hold onto momentum gained by Thursday's stellar employment report peaking near 92 cents during Friday's European session.

Most of candlestick patterns are considered reversal. There are some patterns that usually imply continuation of the trend. Falling and Rising Window formations are among them. We could also consider three white soldiers, falling three methods, rising three methods, and separating lines as other candlestick continuation patterns.

Morning Star is a three candle reversal pattern. This pattern usually appears at the bottom of a downtrend and signals for a reversal. The reversal could actually be a correction in the trend or a complete reversal to a new trend (see image).

One of the reversal candle patterns which you rarely see in Forex charts is dark-cloud cover. This formation consists of two candles which usually appear on top of a rally - or rather an uptrend - and is a significant sign of reversal. It especially becomes more reliable if you spot it around aresistance area. The following image shows a typical dark-cloud cover pattern.

Spinning top candles appear on a candlestick chart frequently. You may easily locate them on any time frame from one minute to monthly. The specifications defined for spinning top candles are very subjective. Thus a candle that you call it spinning top could be something else from another trader's perspective. In general we say that a candle is a spinning top if therange of the candle is relatively small, the size of the real body is small comparing to the range of the candle, and the upper shad...

Evening Star is a three candle reversal pattern. This pattern usually appears on top of an uptrend and signals for a reversal. The reversal could actually be a correction in the trend or a complete reversal to a new trend (see image).

If you have an EA that is capable to send email signals then you need to setup MetaTrader 4 platform to make this happen. The following simple steps can help you to setup MT4 for this purpose.

One of the reversal candle patterns which you rarely see in Forex charts is the piercing pattern. This formation consists of two candles which usually appear at the bottom of a downtrend and is a significant sign of reversal. It especially becomes more reliable if you spot it around asupport area. The following image shows a typical piercing pattern.

When listening to the news, you often hear figures about the number of jobless claims. If you happen to be an investor in one of the investment markets like the stock market or the Forex market, that bit of news (often available on most online Forex trading system platforms) can have a direct affect on your trading strategies. The number of jobless claims, just like other economic news such as the number of new housing starts or the current GDP figures, can influence an investor's strategic tra....

The acronym PIP or rather pip which stands for percentage in point refers to the smallest measure for price movements in the Forex market. Since currency prices in Forex market are quoted in fractions, pip is the smallest decimal place that you could find in the price quotes.

Forex (currency) brokers and traders and all who are engaged with currency trading use special names to refer to currencies. The most common names are those issued under ISO 4217 document. Here are some of the most common currency pairs that we trade.

Forex traders formulate their trading strategies based upon technical indicators and fundamental or macroeconomic indicators. If a trader favors the fundamental approach, he'll be glued to daily, monthly, and quarterly economic reports to help him determine his next trading strategy. In fact, most online trading systems provide daily business journal news any time, day or night. One of the main areas that are analyzed for strategic planning is the retail sales indicator.

Investment markets around the globe are sensitive to various economic indicators that give traders the first indications where an economy is headed. If an investor can tap into these changes relatively early, then he can hopefully benefit from such crucial news. One of the earliest and most significant economic indicators that are published on a monthly basis is the ISM (Institute for Supply Management) Manufacturing survey or figure.

Market analysis is one of the hot issues in Forex trading. Many people surf the internet, refer to the reports generated by their brokers, visit news websites, watch TV channels, or even pay money to professionals for the advice and knowing the direction of the market. The big question though is what kind of market analysis is useful.

The Australian Dollar opens higher today at 0.9160 and received a boost on Thursday from better than expected local jobs data.

The yield on the contract due January 2011 DIJF1 fell to 10.37 percent from 10.46 percent. The yield on the contract due April 2010 DIJJ0 fell to 8.75 percent from 8.8 percent. Both were among the most active contracts of the morning.

The dollar fell against the euro for the second straight day on Thursday after a narrower-than-expected U.S. trade deficit for October and some improvement in jobless claims, reducing safe-haven demand for the greenback.

As the name implies an Umbrella Line is a candle that looks like an umbrella with a small real body and a long lower shadow. In such candles the upper shadow does not exist or is very small. The real body is also very small comparing to the lower shadow.

The Australian Dollar opens marginally higher today at 0.9060 after another bout of risk aversion saw the unit trade as low as 0.9017 during Asian trade on Wednesday.

This is the first article in a series that we will run over the coming weeks and attempts to introduce a different perspective on the history and context of MT4 and what MT5 means for clients and brokers. As most of you will know, Metatrader 4 (MT4) is the most widely used off the shelf platform in the Forex and CFD markets. It is expected therefore that when MT5 takes over from MT4 it will be as widely used.

The Canadian dollar climbed against the U.S. currency on Wednesday, boosted by firmer commodity prices and as investor risk appetite returned after recent losses.

The dollar had earlier advanced broadly after Fitch downgraded Greece on Tuesday to below the single-A bracket for the first time in a decade, and prompted short covering in the U.S. currency and the yen.

The Australian Dollar opens lower today at 0.9010 after mixed local economic data releases yesterday. Strong demand out of Asia lifted the Aussie to an intraday high of 0.9165 after the current account deficit came in at A$16.183 billion in the September quarter, compared to A$16.8 billion median market forecast. Also underpinning the local unit on the day was the latest monthly NAB business survey which showed confidence has risen to its highest level since May 2002. Overnight however, it was l...

Brazil's currency, the real (BRBY), weakened 1.3 percent to 1.751 per the dollar. The greenback, considered a safe-haven currency in times of turmoil, strengthened against a basket of major currencies .DXY.

The Bank of Canada held its key interest rate on Tuesday at 0.25 percent, as expected, and maintained its outlook on the economic recovery despite unexpectedly weak third-quarter growth.

Fitch Ratings cut Greece's debt rating to BBB+ from A- with a negative outlook, the first time in 10 years a major ratings agency has put Greece below an A grade, citing fiscal deterioration in the euro zone's weakest member.

The Australian Dollar opens higher against the greenback today at 0.9135.

The dollar fell from four-week highs on Monday as Federal Reserve Chairman Ben Bernanke doused expectations the U.S. central bank would raise interest rates anytime soon. Bernanke said that while the U.S. economy has improved, the recovery remains fragile and the unemployment rate could remain high for some time. In remarks before the Economic Club of Washington, he added that he still sees an extended period of low rates. For his remarks, click on [ID:nN07169826].