About: luna
Recent Posts by luna
Week Ahead: Possible Rate Hikes in Australia, Canada, and the Eurozone
The US is scheduled to report its ISM Services PMI this week, with interest rates data from the Reserve Bank of Australia, Bank of Canada, and the European Central Bank also due. Investors also anticipate GDP and Employment condition data from Australia and Canada, respectively. Image source: forexfactory.com RBA Rate Statement | 6 September 2022 Continue Reading
Intermediate 3: Understanding the moving average break pattern
A moving average is one of the simplest ways to analyse the market and predict future price movements. They’re easy to use, which makes them a great first step for new investors. But even if you’re an experienced trader, moving averages can still be valuable tools for your arsenal—especially when combined with other forms of Continue Reading
Intermediate 2: What is a moving average and how to calculate it?
Successful trading doesn’t happen overnight. You need to learn many concepts and strategies to build a good foundation on which you would base your decisions every trading day. In technical analysis, the moving average is one of the most crucial indicators you need to know about and learn. What is a moving average? A moving Continue Reading
Intermediate 1: Understanding support and resistance in trading
You hear these words a lot from traders—support and resistance. And if you’re new to trading, you’re probably wondering what they mean and how they can help you make the best trading decisions. In its essence, support means that a downtrend may stop because of increased buying interest or demand. Resistance means that an uptrend Continue Reading
Intermediate 1: Understanding support and resistance in trading
You hear these words a lot from traders—support and resistance. And if you’re new to trading, you’re probably wondering what they mean and how they can help you make the best trading decisions. In its essence, support means that a downtrend may stop because of increased buying interest or demand. Resistance means that an uptrend Continue Reading
