Correlation in Forex
Correlation is a statistical relationship between two and more random variables. The Forex correlation coefficient usually varies from -1 to 1 or sometimes from -100 to 100.
Correlation is a statistical relationship between two and more random variables. The Forex correlation coefficient usually varies from -1 to 1 or sometimes from -100 to 100.
A synthetic currency pair is a pair artificially created by opening two opposite positions for other currency pairs in Forex.
The “Dragon” pattern is a simple pattern of technical analysis that refers to reversal price models and its occurrence predicts the future change in the market tendency (trend).
“Three-Drive” is one of the simplest, but effective patterns of classical technical analysis, also known as “Three Indians”.
In this article, we will talk about the best-suited currency pairs for the carry trade strategy.
The number of those who’re new to our business increases every day. And reasonably, many of the newbies usually face a bunch of young investors' typical mistakes. But how to avoid them, you'll ask?
“Head and shoulders” pattern is probably the most famous of those occurring in the market and the one from which people start getting to know technical analysis and the market as such.
The “Flag” pattern is a technical analysis tool in the Forex trading that predicts continuation of the current market tendency (trend) and consists of two parts: the “flagpole” and the “Flag” (the channel within which the price moves).
The “Pennant” pattern is a technical analysis tool; when the pattern is complete, trend continuation is expected. The pattern itself represents a temporary pause (retracement) in the actively developing trend.
The “Wedge” pattern is a technical analysis tool in the Forex that predicts the approaching market tendency (trend) change.
