Oscillators such as the relative strength index (RSI) and the momentum indicator, in a sense, measure the emotional pulse of the forex trading market. As hope and fear wax and wane by turns in the marketplace, the oscillators respond by indicating the level and strength of each emotion and the speed of its passing, giving […]

Read More

A quiet week in the forex trading market, with many currency pairs consolidating within ranges or retracing.
Australian data showed −3.3% q/q in dwelling commencements 1Q2008, however 4Q2007 was revised up to 4.2%. The WMI leading index, at 2.8% in April, was below trend of 4%, and industrial surveys reflect slowing domestic demand, scaled back capex […]

Read More