EUR/USD

Lets start with Monthly Because it really takes a long time to change a direction the trend still looks bearish although we had a 4 month period where it's still in a consolidation. Current price action combined with the weekly chart makes it possible that it goes up to 1.37-1.38. But the longterm trend looks still bearish and 1.16 is still...

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Moving Average

On the chart below you can see what a moving average is. Its the blue line. It actually shows you the priceaction over a specific time. Now you might wonder what "moving" means - thats basically the closing/opening oder what ever you want price over a specific period. Might sound REALLY difficult but its really simple. The main purpose...

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Fibonacci Extensions

You might also use Fib for finding targets. In an uptrend, you use the Fibonacci Extension tool to determine where your target might be. To use the extension you need 3 points. First, you need a significant Swing Low, then the most recent Swing High. Finally, any of the retracement levels. Let's take a look on the daily USDCHF here. ...

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