How can I identify levels of support and resistance?

Several technical analysis indicators are available, including the Moving Average (MA) Bollinger Bands, Relative Strength Index, and many more. But one of the best tools for properly determining a trading strategy’s entry and exit points is sketching a chart’s support and resistance levels. Therefore, for those unfamiliar, here is a brief overview of support and …

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hedging forex forex trading

Hedging Strategy Review

Companies are rethinking their hedging strategies in light of the strong US dollar, which is undermining the value of foreign earnings.  The WSJ Dollar Index, which measures the performance of the US currency against 16 others, is up more than 12% from this time last year and more than 8% from the start of the …

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mortgage forex forex trading

U.S. Mortgage Rates 

The Federal Reserve approved its largest interest rate hike in more than a quarter-century on Wednesday to stem a surge in inflation that U.S. central bank officials acknowledged may be eroding public trust in their power and is being driven by events that appear to be increasingly beyond their control. The Fed’s hawkish commitment to …

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trade forex fprex signals

To see the trade routes, follow the money.

No community in the past or now was totally self-sufficient, and money enabled individuals to communicate with other communities. In reaction to unique social and political contexts, people used various forms of currency to mobilize resources. It moved along the trade routes which decreased risks, and developed alliances and friendships. The abundant and near-universal evidence …

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euro forex forex trading

Euro Eyes Boost 

The EUR/USD exchange rate fell 0.39 percent to $1.0734. The euro fell against the dollar on Tuesday, but it could recover as pressure mounts on the European Central Bank to take the most aggressive stance on rate hikes in its history as the fight against record inflation gets underway.  Raising interest rates in 50-basis-point increments …

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